What business can I start with 500000 Naira?

What business can 500k start in Nigeria?

Business you can start with 500k

Bakery: you can set up a standard bakery business with a minimum of 500k Nairas. It is one of the fastest-growing businesses in Nigeria in addition to the fact that it a lucrative business.

What is a good business to start with 500k?

Business opportunities available for $500,000 and less:

  • Time To Eat Delivery. For $55,000 you can have your own corporate grocery and restaurant delivery business. …
  • Commercial Capital Training Group. …
  • Ace Hardware. …
  • Healthy YOU Vending. …
  • Sure Step. …
  • Primo Hoagies. …
  • Solar Grids. …
  • Legacy Business Brokers.

What kind of business can I start with 50 000 naira?

20 Businesses You Can Start With 50,000 Naira in Nigeria

  • Baking Business. Baking is a thriving business in Nigeria. …
  • Fast food Business. The importance of food can never be overemphasized. …
  • Plantain Chips Business. …
  • Selling Drinks and Water. …
  • Small Scale Farming. …
  • Smoked Fish Business. …
  • Soap Production. …
  • Home and Beauty Products.
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What are the top 10 most profitable small business in Nigeria?

List Of Top 20 Most Lucrative Business In Nigeria

  • Agriculture. This is the next revolutionary industry in Nigeria where millionaires are currently being made. …
  • Sale of Furniture. …
  • Making of Fruit Juice. …
  • Pure Water Production. …
  • Oil and Gas Business. …
  • Haulage Services. …
  • Hotel Business. …
  • Fast Food Eatery.

What sells fast in Nigeria?

Top 15 High Demand And Fast Selling Products in 2020

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

Where can I invest 500k in Nigeria?

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.

Which business is more profitable in Nigeria?

Real Estate is no doubt one of the most profitable businesses in Nigeria and the world. Real Estate is as relevant as ever because people will always need a place to stay. As the population of Nigeria continues to increase, the need for housing continues to grow.

What business can I do with 2 million naira?

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.

What business move fast in Nigeria?

Restaurant and Food ordering business:

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A restaurant business on our list is one of the fastest moving business in Nigeria. People of all age eat every day and there many people that will troop into a restaurant daily to order foods.

What can I do with 50000?

What should I do with £50,000?

  • Build a cash buffer of three to six months’ earnings for emergencies (and keep in an easy-access savings account)
  • Pay off debt like credit cards and personal loans.
  • Contribute into your workplace pension scheme if you have one (particularly if your employer matches your contributions)

Is 50000 enough to start a business?

These days, $50k in capital is more than enough to start a number of great business opportunities. … You could turn around a failing business or buy an already-profitable one. Local chambers of commerce and the US Small Business Association (SBA) can help connect you with business owners who want to sell.

Which business can I start with little capital in Nigeria?

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.