As a small investor, you can take advantage of the growing population in cities across Nigeria and earn an income for yourself by meeting certain needs of the residents around you. Some of the businesses you can start are as follows:
Making of fruit juice
Nigerians drink fruit juice more than any other people. That is why companies like La casera and chivita who came into the country as nobody are today making billions of naira annually. The business can be started in a small way and grow gradually.
Sales of used cloth
Tokunbo market in Nigeria is big and some people choose to buy used articles that are of high quality than buy fakes. The cost of buying and bringing from abroad fairly-used cloths is low when compared with the prices in the market here in Nigeria, guaranteeing good return on investment.
Dry cleaning
Competent dry cleaners at cheap prices are scarce in Nigeria. What is present are professional dry cleaners whose service charges are very high or amateur dry cleaners who can never keep up with time. This business yields a lot of income if you can balance it up.
Professional car wash
This business is good if you can establish it in a cardinal location around you or in a place like Lagos, Nigeria where there are good numbers of cars. The business is also a money spinner.
Sales of building materials
The rate at which new houses are springing up in Nigeria, you get to wonder why some people up to the present time complain of housing problem. Putting money into building materials is a good business and a lot of individuals are making millions out of it.
Investing in internet business
This is a new batch of solid investment opportunity which is creating billionaires in all parts of the world including Nigeria. It is simple. You don’t have to be a tech person, all you require is to look for creative online startups with good concepts and invest in it. Within 1-2 years, you will be counting your profits in dollars.
Become a real estate agent
Real estate agents are is one group of professionals and non-professionals which hold the ace. Accommodation is a problem as in the case with most overpopulated cities and estate agents are relying on this course to rip off serious home seekers. You can become a real estate agent and make big commission from sincerely assisting people get their dream homes.
Start an employment agency
This is a business opportunity which does not require much emphasis as you already know the unemployment challenges in Nigeria; with Lagos having the highest number of jobless people (non-graduates and graduates). With your Lagos-based employment agency, you will make money from connecting job seekers with firms which are looking for competent employees to fill vacant positions.
Photography/videography
You can begin a digital photography business or video recording business. You can visit event centers to take snapshots of visitors who would desire to seize the moment. You can take it to a higher level and open a photography/ visual arts studio if you have enough money to invest.
Website designing
Due to technological advancement and the fact that many businesses and enterprises are making effort to stay ahead of competitors, website designers have become so much needed by organizations. Organizations are constantly looking for website designers who can continually keep their websites updated and functional. With at least N10000 (29 dollars), you can obtain a one or two weeks training then continue your training online by verifying free software, downloading videos on youtube and watching them. You can earn an upward of N10000 (29 dollars) for developing a website, depending on the kind of site and who your client is.
Recharge card vouchers printing and selling
In a country like Nigeria with a population of over 170000000 (one hundred and seventy million) people and mobile cell phone charge of over 120000000 (one hundred and twenty million) active lines, recharge cards have turn out to be one of the quickest selling products. The business is fast growing. The good news is that you can start your recharge card printing business and with little capital. The printer cost about N38000 (112 dollars) and you can start printing with PINS from N20000 (58 dollars) and sell for all networks. Etisalat Nigeria has a package where you can be a sub-dealer of e-top with at least N50000 (147 dollars).
Computer class instructors
It is no longer news that computers and computer-based systems have come to be part of everybody’s life, not only at the workplace, but at home as well. Everybody now requires some kind of computer training. A business can be built around that. Computer classes can be started which can be offered at home to those who are in need of the services, whether they are old or young. You could start with two relatively-used computers which are in good conditions. Setting up all these should not cost you more than N50000 (147 dollars), and you can start without having a computer system, just do a good marketing of your service and you have people inviting you to their home or office to train them.
Event and party planning
If you have been complimented several times on your parties, you may be good enough to be a party planner. This is a business which cannot fail if you are competent at it because it is a well known fact that Nigerians love to party. All you need do is get some training and acquire some party equipment, depending on how large you want the venture to be. Once you start, you can charge from N15000-N20000 (44-58 dollars), depending on the size of the party. If you do at least two parties in a month, you will be making a comfortable living.
Wireworks and bead making
Wireworks and beads are jewels which are trending now, as so many women including socialites now tend to prefer them to other types of jewels. As a result, many discerning ladies are venturing into the business, making adorable designs and getting good returns from the business. A two-month training for this craft costs about N20000. After the training, you can start raking in money, depending on the kind of beads you do. For example, there are beads of N1000 while there are those of even N80000 and above. The amount you make depends on your expertise, artistry, ingenuity, the kinds of beads you use and your customers.
Office supply
There are many people who work in offices and find it hard to go to market to purchase things like wrist watches, shirts, ties and perfumes. You can assist them do the shopping and deliver it to them. If you are honest with your business and charge reasonably, much bigger contracts can be gotten from there. About N50000 will do to kick start this type of small business in Nigeria and you will be happy at the quick money you will be making.
Plantain chips making
Take a look around the streets, mainly in hold-ups, and you would see various brands of plantain chips. The fact is that they sell quickly because people like to chew stuff, particularly while they are in transit. So, if you start the business of producing and supplying chips to shops and hawkers, you would make good money. The major things needed are a big frying pan which goes for about N3000, a sealing machine which goes for N15000, nylons and labels which cost about N2000. With these, you are good to go.
Hair making/barbing salon
Salon business is one of the best and lucrative businesses in Nigeria because it requires little capital to start and does not cost much. Fitting barbing salon or beauty salon, both pays a lot because it requires no university degree to start one. Some youths are engaged in salon business and they are earning money doing the business. In establishing one, all you need is a bit of training, capital- which depends on how large or small you want the salon to be, location- this will go a long way to determine how successful your business will be.
Shoe making
Shoe making is a unique business with great prospect due to the high demand for shoes and other leather appurtenances. The business is pertinent because it provides for a wide spectrum of people in society, particularly those that are fashion conscious. Some ladies would like shoes that go with their bags, head-tie and other clothing for occasions. The capital required to begin a shoe making business ranges from N40000 (117 dollars) for training and N20000 (58 dollars) for tools and equipment.
Social media managers
A lot of organizations want to pitch their businesses on social media, although, do not know how to go about it. Hiring a freelance social media manager is one of the ways organizations can go about this. To become a social media manager, one of the questions you should ask yourself is, do you naturally have social media strengths and aptitude? A good marketing skill is very important as well. Organizations are ready to pay good money to anybody who has the skills/aptitude to create a good presence for their organization online.
Food delivery services
At least half of the population of people in the nation is made up of working class people. Also, with the heavy traffic situation, residents barely have time for themselves. Most working class women cannot afford to take out time to cook during the week and so this makes food delivery service a good business. Averagely, you can make up to N200000 (588 dollars) profit monthly. With about N50000 (147 dollars) as start-up capital to prepare your meals, a good location, a creative business name and a few staff, you are ready to start making money.