10 Business Ideas to Make Money in Nigeria 2020
With the rapid decline of the economy in our country, making money in Nigeria has become tough. The search for white collar jobs continue to be on the increase as more graduates are been churned out every time.
With little or no capital, there are business ideas you can start off if you want to make money in Nigeria without waiting for that oil company job in Nigeria as most of the jobs in such places are gotten by people who have connection there.
So, instead of staying idle and blaming your villagers for causing your downfall, below are 10 business ideas that can fetch you money in Nigeria with little or no start-up capital.
Start an eatery or restaurant business
If you can cook very well, then you can start an eatery/ restaurant business. It requires capital to start and it is very profitable on the long run. You should set up your restaurant at a populated location especially near government and other firms.
This is by far what most people engage in nowadays in Nigeria. You could use like N20,000 to start-off this business. If you source through the internet, you would find many e-books on how to import cheap goods from abroad and sell them here in Nigeria. Items like wrist watches, female and male wears, shoes, second-hand phones are examples of items you could import.
Start up a school
Everybody wants to learn, but with the expensive fees of private schools in Nigeria, this has become difficult. You could take advantage of the situation and start up your own school here in Nigeria as long as you can meet up with the requirements of the educational board in your state. Better still, you could offer services as a private lesson teacher for students if you don’t have the finance to start up a school.
Start up a transport business
If you own a car or a bus and have knowledge of how the transport system works in Nigeria, you could either start a transport business of your own or hire a driver to drive for you. You would have to reach an agreement with such driver on what your weekly allowance would be. This particular business idea requires capital to start and is very lucrative.
Start up a dry cleaning business
This is one of the sure business that you can earn money from. When doing such business, you should target people like bankers, corporate organisations, business men, e.t.c. These set of people patronize dry cleaners a lot because they can’t wash their clothes themselves due to the nature of their jobs. Establishing one near such places will fetch you customers and money.
Printing and Selling recharge card vouchers
In Nigeria, virtually everyone makes use of a mobile phone(s). Printing and selling recharge card vouchers for the various network providers is now a common business in Nigeria because it requires little capital to start. The target or market for selling these vouchers never runs dry since everyone must make a call to a person or another. Although the profit for this kind of business idea is small, if you want to indulge in this kind of business, its best you start selling these recharge cards especially in bulk.
Plan events for people
Events like wedding, birthday parties, love feast e.t.c, mostly requires event planners to lessen the burden of the groom and bride-groom. This particular business requires capital to start, an online presence, complementary card, an office, phone number and even a website. It is very lucrative and there are few that are into it, earning well from it.
Solve Tech related problems
This may sound weird but I have seen people making cool cash from this. Do you know how to create a blog in Nigeria? Do you know how to root a phone? Or anything related to technological items- phones, computers, software’s, e.t.c. If you can solve these tech related problems, you can set up an online office where you could solve such problems and charge for your services.
Start poultry business
Having a poultry farm where you rear chickens is one sure way to earn money in your pockets. Birds are easy to rear because they mature quickly and are always on demand. These birds are mostly sold during seasons like Christmas, Easter, weddings and parties for consumption making poultry farming a lucrative business to delve into. Also the eggs these birds lay can also be sold to add to your income.
Start selling second hand items
Nigerians love cheap but original items. Second hand items like used phones, clothes, phone casing, shoes can all be sold to make profit. You will need to create a network of customers for these business to thrive.
If you have any other business idea that you would love to share rather than these, please use the comment section. We would love to hear from you to help reasonable Nigerians. Thank you