Frequent question: What business can I start with 1 million Naira in Nigeria?

What business can I do with 1 million naira in Nigeria?

Eatery/Restaurant Business: Eatery or restaurant is an eating establishment where people purchase and eat food. This is a very lucrative business in Nigeria, although not without challenges. With one million naira, one can secure or rent a place and get it properly equipped for restaurant business.

What business can you start with 1million naira?

1. Supermarket. With a capital of one million naira, you could start a medium-scale supermarket and get just about the right products. The supermarket business is very lucrative but if only it is set in the right location.

What business can I start with 2million naira in Nigeria?

With two million naira in account, you can invest into businesses like recharge card dealership which allow you to represent the mobile telecommunication networks as a dealer for distributing or selling recharge cards and data bundles to subscribers/customers across the nation.

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What are the top 10 most profitable small business in Nigeria?

Here are the most lucrative businesses in Nigeria:

  1. Oil and Gas business. The simple truth is that Nigeria and to a large extend, the world, still depends on oil and gas. …
  2. Agriculture business. …
  3. Food business. …
  4. Blogging Business. …
  5. Real Estate business. …
  6. Furniture business. …
  7. Hotel business. …
  8. Transportation business.

How can I make million in Nigeria?

Top 10 Small Business Ideas That Make The Most Millions In Nigeria (2019)

  1. Agribusiness. …
  2. Web Design Agencies. …
  3. Education. …
  4. Retail Stores. …
  5. Digital Advertising Agency. …
  6. Mobile App Development Agencies. …
  7. Mobile Phones. …
  8. Real Estate.

What kind of business can I start with 1 million dollars?

9 best million-dollar business ideas

  1. B2B products and services. …
  2. Online education. …
  3. Wellness offerings. …
  4. Food delivery services. …
  5. Wedding services and products. …
  6. Dropshipping business. …
  7. Food truck. …
  8. Subscription model business.

What business can I start with 700k in Nigeria?

You can buy wearables, gadgets and the likes from Lagos and sell in other towns. You can start small firm in your niche, at least 700k can cover for your rent, marketing and paying your secretary for the first few months when you will make negative profit given that you know what you are doing.

What business can I start with 500k in Nigeria 2021?

9 Businesses You Can Start with 500k in Nigeria

  • Mini Importation Business.
  • Sales of Clothes and Shoes.
  • Barbing Saloon Business.
  • Football Viewing Center/Game Center.
  • Hair Dressing.
  • Real Estate Business.
  • Block Moulding Business.
  • Computer Service Center.
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How can I earn daily income in Nigeria?

Daily Income Business Ideas in Nigeria

  1. Barbing Saloon. The barbing saloon business is a very profitable venture in Nigeria wherever you find yourself. …
  2. Laundry and Dry Cleaning Services. …
  3. Betting Shop. …
  4. POS Payments Service. …
  5. Makeup Studio. …
  6. Freelance Writing. …
  7. Social Media Marketing Agency. …
  8. Food Vendor (Mama Put)

What can I do with million naira?

Business I can start with 1 million naira in Nigeria

  • Opening a small supermarket. …
  • Opening a small restaurant. …
  • Boutique business. …
  • Phone and computer accessory business. …
  • Bakery business. …
  • Producing yoghurt and ice cream. …
  • Poultry farming. …
  • Fish farming.

What business can I invest in Nigeria?

List of 40 lucrative businesses in Nigeria you can start considering today.

  • Alternative power sources.
  • Poultry farming.
  • Email marketing.
  • Rice farming.
  • Making of fruit juice.
  • Search engine optimization business (SEO)
  • Content marketing.
  • Digital marketing.

What business can I do in Nigeria with little capital?

Top 10 Lucrative Business Ideas With Small Capital In Nigeria (…

  • Uberpreneur – Driving for Uber. …
  • Social Media / Influencer Marketing. …
  • Web Design and Development. …
  • Graphic Design. …
  • Freelance Content Development / Ghost Writer. …
  • Starting a Blog or Vlog. …
  • Cake and Cupcake Bakery. …
  • Small Chops Food Business.

Which business is best for beginners?

Top 20 Business Ideas for Beginners

  • Translation Services. …
  • Accountancy Services. …
  • Event Planning & Management. …
  • Real Estate Agency. …
  • Recruitment Services. …
  • Yoga Center. …
  • Catering Business. …
  • Home Made Food Business. If you are good at cooking food you can start your own home made food business.
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What can I sell in Nigeria to make money?

Here is a list of what to sell in Nigeria to make money:

  • Selling Books. …
  • Selling IT Stuff in Nigeria. …
  • Sell Fashion Clothes. …
  • Sell Handmade stuff like crafts, paintings… …
  • Car rental services. …
  • Sell furniture. …
  • Cars and car accessories. …
  • Food and groceries.

What products are in high demand in Nigeria?

The top high demand products in Nigeria for 2021 are;

  • Electronic Goods. …
  • Fashion Items. …
  • Cosmetic Product. …
  • Health and Wellness Products. …
  • Hair Wig and Extensions. …
  • Baby Accessories. …
  • Food and Groceries. …
  • Phones and Accessories.