What business can I start with 5k and 10k in Nigeria?

Read my post on the business to start with 5k and 10k in NIgeria.

Nigeria is a fast-growing country with 214 million people populating the country according to WORLDOMETERS, the high population and not enough companies hiring has rendered so many people with the right academic degree unemployed and living below the poverty line.

If you’re unable to get a job, starting your own business might be a good idea. But to start a lucrative business in Nigeria, you will need good capital.

Now, the main question is “how can you start a lucrative business while being unemployed and with no solid source of income?“.

So in this guide, I will be listing 7 lucrative businesses that don’t require a big capital. You can get started with money ranging from N5K to N10K and you will be making passive income.

Skim through the listed business opportunities and choose the seemingly easiest one for you. Without wasting any more time, let’s get started.

Lucrative business to start with N5K-10K in Nigeria

Being unemployed is no fun, starting your own business can surely take you from grass to grace by leveraging the power of social media coupled with other digital-age technologies. Thankfully, you don’t need huge investments or capital to get started.

Below are 7 most overlooked but lucrative businesses you can start in Nigeria:

1. Okrika clothing (UK used clothing business)

Okrika, also bend-down-select are clothes imported from foreign countries to be resale to Nigerians looking for cheap but high-quality clothes. It doesn’t require a lot of money to start and you also don’t need a brick and mortar shop like others.

If you can leverage social media channels such as WhatsApp, Instagram, and Facebook, you will surely rake in customers that will be willing to purchase from you.

Read my post on the best paying sites in Nigeria

2. Pure water and soft drinks business

Nigeria is a country with heat problems, we are ranked 4th amongst countries with the hottest temperatures. On a normal day, the heat temperature might reach 46.4 °C according to WORLDDATA, so why not leverage this problem of ours and turn it into a passive income-making business?

With as little as N20K, you can get a bag of pure water or any soft drinks of your choice and open a small kiosk beside a busy road.

3. Road-side noodles cooking

This business model is popular as you will see them in the streets of any cities you visit in Nigeria. Most of the time, I eat out at a road-side noodle cooker shop at night. Most of the business operators are from the north (Hausa).

You can also start this business too, it is very lucrative despite the fact that you don’t need a huge capital to get started, and all ingredients needed to make tasty noodles are inexpensive.

4. Liquid soap production

With a small starting capital of N5k, you can start the liquid soap production business. Washing soap is used in every household every day, you can start producing the green-colored bottled soap that has recently become popular.

I see it everywhere, first learn how to produce the soap, start making it on a small scale, and visit households to introduce your product to them. You can start from your neighbors first and spread it from there.

5. Daycare (Nanny) business

Some nursing parents are employed and always busy with work. The need for good childcare is increasing day by day in Nigeria because some parents are workaholics and have less time to take care of their children.

You may offer to fill this gap, a daycare school isn’t needed as you can house children in your own house. Just make sure to be creative and develop extra love for children, your business will be booming in no time.

6. Recharge card business

The Nigeria telecommunication industry is worth 2.88 trillion nairas with millions of people purchasing airtime or data bundles daily.

You can also tap into this endless money pool by printing and selling recharge cards or data bundles. You just need to set up a small kiosk in front of your house, get a recharge card printing machine, find the right leverage and you’re set.

7. Dry cleaning business

Read my post on read news and get paid websites 

This is another overlooked business model in Nigeria, but it’s in fact lucrative. There are so many people that are too busy to wash their clothes, some are even too lazy and then decide to give them out to a dry cleaner.

Having an elaborate shop with expensive dry cleaning equipment is not needed as a starter, but as your business grows, you will need to adjust to serve your customers better.

Conclusion

Thank you for reading post on businesses to start with 5k and 10k in Nigeria.

You don’t need to wait for anybody or depend on governments to provide jobs for you, that’s a hopeless hope in this country. You have the ability to change your own life for the better.

Simply choose the easiest business to you amongst this list and get started, be dedicated, you will surely step out of poverty and even start hiring more hands.

Make sure to conduct more research about the business model you choose to go with, to determine whether its ecosystem is for you and won’t get you bored in the long run.

 

If you have any questions, kindly comment down below.

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