10 List Of Business To Start With 100k In Nigeria 2022

10 List Of Business To Start With 100k In Nigeria 2022

Are you looking for a  lucrative business you can start with 100k in Nigeria? if your answer is yes, then you are at the right place as we will be walking you through 10 lists of businesses to start with 100k in Nigeria.

You may also want to read 15 Businesses To Start That Will Fetch You N200k Monthly in 2022

We know you may be wondering if it’s even possible to start up a lucrative business in Nigeria with just 100k especially considering the bad state of the country’s economy but the truth of the matter is that, it is possible, all you need is the right information.

There are many businesses to start in Nigeria with 100k which we will be showing you in this article and hopefully, you will be able to make the right decision of business that matches your 100k budget.

Below is a list Of Business To Start With 100k In Nigeria 2022

10 List Of Business To Start With 100k In Nigeria 2022

1. Laundry Service

The first business on our list is Laundry Service. This business does not require so much besides the basic tools. To get started, just get yourself a washing machine (not compulsory) and an iron, and you are set! One good thing about this business is that you can work right from your home.

2. Popcorn Business

Popcorn business is one of the best businesses to start out there and it does not require much capital to start. All you need to do is to find ways to make your popcorn taste sweeter than the regular. You can incorporate various other flavors, or add milk to your recipe. Another thing is location.

The following ingredients are what you need to make Popcorn.

• Corn
• Sugar
• Salt
• Vegetable oil
• Butter
• Flavor
• Powdered milk

Items Needed For Popcorn Business

• Big bowl
• Showcase
• Nylon
• Popcorn machine
• Scooping spoon
• Gas cylinder

3. Cake production

Cake production is another lucrative business that does not require enough capital to start. The biscuit industry has grown a lot and many players are involved. After all, it’s still a lucrative business idea for new startups. With good control, creativity, branding, and a distribution network, you can build a cake-making empire.

4. Haircutting

We all know hair cutting does not require much capital to start, rather what is required is to get the skills and be very good at it. Find a good barber and work under him for a while or as soon as you learn this skill. The next step is finding an easily accessible salon, then tools for work. A list of tools you’d need includes;

• Clippers
• Aftershave creams
• Hair creams/lotions
• Hair Dye
• Disinfectant
• Brushes
• Powder, etc.

5. Cooking And Delivery Business

The cooking and Delivery business is one of the most lucrative businesses in Nigeria because we are talking about people’s stomachs and people don’t joke with their stomachs, No matter what they must eat.

Moreover, nowadays people find it difficult to cook because of their busy schedules. Some families eat processed food which is not good for their health.

All you need to be successful in this business is to learn how to cook tasty and delicious food.

6. Selling Of Fairly Used Goods Or Clothes

Another business idea you can start with 100,000 naira is selling fairly used goods and clothes.

Most Nigerians buy fairly used items like gadgets, clothes, shoes, household items, etc. You can purchase these items and sell them both online and offline.

Again, with 100,000 naira, you can start selling thrift wear popularly known as Okrika. Plenty of people prefers buying Okrika to brand new clothes.

Moreover, the poor economy of the country has made people buy what they can afford and not what they wish to buy.

Where To Buy Okrika Clothes In Lagos are:

• Balogun Market
• Yaba market
  Tejuosho
• Aswani market
• Oshodi market
• Katangua market
• Badagry market, etc.

7. Fruit Drink Production And Sales

This is another profitable business to start with 100k in Nigeria and be successful. A growing number of people prefer freshly squeezed juice without coloring, flavors, and preservatives.

Moreover, people are becoming increasingly aware of the health implication of processed food and drinks, this has made people shun soft drinks to naturally made fruit drinks making this a great business opportunity.

To start this business, there are certain things to do and you will also need a very good location that will enhance sales. Location to sell your fruit drinks options are:

• A roadside stand
• Shopping mall
• Fitness centers
• Cafes

You can sell it wholesale to grocery stores or restaurants. Moreover, to start this business, you need to purchase manufacturing equipment. Basic manufacturing equipment includes:

• Fruit elevator
• Fruit washer
• Fruit crusher
• Pre-heat machine
• Juice extractor, etc.

8. E-payment/POS Business

POS (point of sale) business is a cash-making business that has gained serious popularity.

Some people hate queueing in banks to withdraw money, they prefer using POS that is even closer to them even though they are charged a transaction fee.

With 100,000 naira, you can become a banking agent and own an E-Payment outlet. You can get your POS from the bank.

To become an agent, you would need to go to the bank of your choice and do the necessary registration. After the registration, you would be given a POS machine.

Banks give POS for free but terms and conditions apply. Moreover, banks charge you a certain percentage for every transaction you perform. Learn how to start a POS business in Nigeria.
Banks To Get The POS Machines

Below is a list of some of the banks that give POS machines in Nigeria.

• Zenith Bank,
• First Bank,
• Access Bank,
• Eco bank,
• Skye Bank,
• Fidelity
• Diamond bank
• Opay

9. Foodstuff Transport Business

This business is a very profitable one because you don’t need to have fixed capital to start. All you need to do is find vendors in a designated part of the country, buy foodstuff from them, and transport them to other parts of the country.

To make your business easier and more productive, you can have traders who are ready to buy your goods off your hands the minute they land. All you need for this one is a good means of transport and an ability to bargain.

You may also want to read 10 Profitable Business Ideas for Housewife and Nursing Mothers

10. Palm Oil Business

If you are still not satisfied with the business ideas I’ve mentioned above then you need to consider the palm oil business.

The palm oil business is one of the most profitable businesses anyone can do in this era because of its diverse usefulness. Almost everybody uses palm oil to cook, you can even decide to be exporting it to other countries which would generate much income.

Moreover, palm oil does not have a steady price, you can buy and store palm oil when it is cheap and sell it when it becomes expensive.
Things To Consider When Starting Your Palm Oil Business

Below are the top important things you should consider when starting your palm oil business.

• Choose your palm oil business model
• Get your storage space and storage tanks.
• Get your rubbers
• Arrange with suppliersDecide on transport arrangement
  Market and sell your palm oil.

10 List Of Business To Start With 100k In Nigeria 2022