What business can I do in Nigeria with 500k?

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What business can I do in Nigeria with 500k?

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.

How can I invest 500 thousand naira?

  1. Mini Importation Business. This is certainly a good business venture you can invest 500,000 nairas in and certainly get rewarding profit.
  2. Poultry Farming.
  3. Pig Farming.
  4. Fish Farming.
  5. Goat Rearing/Farming.
  6. Real estate business.
  7. Laundry Business.
  8. Fashion designing business.

Which business makes the most profit?

The Most Profitable Business by Sector:

  • Accounting = 18.4\%
  • Lessors of Real Estate = 17.9\%
  • Legal Services = 17.4\%
  • Management of Companies = 16\%
  • Activities Related to Real Estate = 14.9\%
  • Office of Dentists = 14.8\%
  • Offices of Real Estate Agents = 14.3\%
  • Non-Metalic Mineral and Mining = 13.2\%

How much does it cost to start a production business in Nigeria?

Usually, most production businesses are capital intensive because of costly machines employed in production. Starting production business can cost one as high as N300000, N500000, N1000000, and N200000, N750000, and N2000000+ depending on the product you intend producing.

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How to start a soap business in Nigeria?

This business requires basic chemistry knowledge. With a capital of less than N80000 naira, you can start perfume and liquid soap production. For your liquid soap production, your first target market should be restaurant, hotel, fast food joints, beer parlours and catering centres.

What can I do with n70000 to start a business?

With N70000 you can do this business. The two most important things necessary to succeed in this business are ability to cook nicely and neatness. One of the high paying business you can start in your locality is production business.

Is Ibadan a good place to start a business?

Ibadan has a total population of 3,500,000 as of 2015; Abuja 3,000,000; Port-Harcourt 1,947,000 and so on. So, with this high population in Nigerian cities and rural areas, businesses are bound to do very well if other things being equal. Updated 2020: the figures above are 2016 statistics

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