Small Business in Nigeria You Can Start With Less Than N50,000 And Still Make Good Profit

Small Business in Nigeria You Can Start
With Less Than N50,000 And Still Make
Good Profit
Starting a small business in Nigeria has never been
easy considering what you’d have to go through to
raise business capital towards setting up and
running a profitable business. Basically, it’s all
about money money money! No Bank in Nigeria is
willing to help small scale businesses, and
Government seems to have no plan whatsoever for
the citizens who needs business start up capital.
If you are contemplating any business, you are on
your own if you don’t have enough money to
finance it. The worst part of it all is that most
potential profitable small businesses in Nigeria
needs much amount of money to get it started —
most times, far much beyond what average
Nigerian small business aspirants can afford.
Have you ever had a business idea — so bright
that it was just a matter of get it started and the
money starts rolling in, only to see the idea die
because no money to kick start the business?
That’s what 70 percent of Nigeria Entrepreneurs
experience on regular basis.

Sometimes, the little money you have can’t just be
enough to start anything reasonable no matter how
hard you tried. Because of these, many people are
finding it difficult to figure out any small business in
Nigeria they can start with small amount of money
and still make reasonable profit.I’ve taken the
burdens off you by taking time to come up with
small businesses that promises good ROI.
Below are some of the best small businesses in
Nigeria that any aspiring Entrepreneur can start
with N50,000 or less and make substantial profit in
it.
1. Plantain Chips Making – Move around the street
and you will see different brands of Plantain chips
on sale and it sells very very fast. People just like
chewing stuffs and there is no end to it, so if you
can engage in the business of producing and
supplying it, you will be making good money on
daily basis.
All what you needed are: Big Frying Pan (N3,000)
Small Sealing Machine (N15,000) The Nylons and
Labels (N2,000) Other Utensils (N5,000) The rest
N30,000 goes into buying of Plantains and logistics.
Supply to the shops and to hawkers and you will be
making your money.
2. Tokunbo Shoes – I like quality leather materials
and that’s why until recently, all my shoes and bags
are bought from the used shoes and bag sellers. I
used to get some top class shoes for N3,000 by the
roadside back in those days when I can’t really
afford high quality designer shoes that cost N50,000
or more.
Many people out there are just like me — Instead of
patronizing those fake China shoes and bags, they
prefer to buy high quality fairly used ones which last
longer and confer you with more respect.
Get a nice place where you will be displaying your
goods like in front on shopping malls. Go to Fairly
used market (Katangowa or Aswani in Lagos) you
may go to Seme Border or Kotonou. Select quality
fairly used shoes, look for designs that are close to
the latest fashion. N40,000 can get you up to 40
pairs of shoes. Sometimes you make profit of up to
N3,000 from a single sell.
3. Used Books – You used to see them by the
roadsides and you’re wondering if the seller are
making money from it? Try it and see! You will be
surprised at the profit margin, and you will be
amazed at the rate at which Nigerians buy different
books.
Follow the same process as it is with the used
shoes but you buy at different markets. Used books
are sold in importers warehouses, locate one and
go there to select nice used books, Children books,
Professional books, Hand craft books, etc etc.
These types of books sells very fast with high profit
margin. N50,000 is more than enough for a starter.
4. Office Supply – People who works in offices finds
it difficult to go out to the market to buy certain
things like Wrist Watches, Shirts, Ties, and
Perfumes. Help them do the shopping and charge
moderately, don’t be greedy like other suppliers
who buys fake things for N1000 and wants to sell
for N10,000 in the name of office.
If you are honest with your business and charge
reasonably, you may even get huge supply contract
form some of the people you will meet in those
offices. N50,000 will do good in these type of small
business in Nigeria and you will smile at the brisk
business you will be making.
5. Road Side Foods Vending – If you are the hard
working type, this small business in Nigeria may be
for you. I’ve seen people buy cars and build house
from this business. It’s one of the few businesses
that guarantees steady flow of profit no matter the
weather, no matter the economic situation.
Specialize in cooking Jollof Rice and Beans, Moi
moi, Fried Plantain, Custards, and Fried Eggs. You
will be friend of the people and the people will be
your friend! Look for a hot spot, like the bus stop,
near Motor and Okada parks or busy shopping
malls.
Thirty Thousand Naira (N30,000) will get you all the
utensils and small tables and chairs. While N20,000
goes for food items and settlements.
Please if know any other profitable small
businesses in Nigeria that one can start with
N50,000 or less — write in the comment box below
and let’s get the business started

Here Are 44 Countries You Could Travel To Without Visa As A Nigerian

These 44 countries are mostly based in Africa,
but there are some which are not.
Some will grant you visa upon arrival for a small
fee.
See the Visa-Free Countries Below:
1. Bangladesh (Visa on arrival)
2. Barbados (Visa free for 6 months)
3. Benin Republic (Visa free)
4. Burkina Faso (Visa free)
5. Burundi (Visa on arrival for 30 days)
6. Cameroon (Visa free)
7. Cape Verde (Visa on arrival)
8. Chad (Visa free)
9. Comoros Island (Visa on arrival)
10. Cote d’Ivoire (Visa free)
11. Djibouti (Visa on arrival)
12. Dominican (Visa free for 21 days)
13. Fiji Island (Visa free for 4 months)
14. Gambia (Visa free for 90 days)
15. Georgia (Visa on arrival)
16. Ghana (Visa free)
17. Guinea (Visa free)
18. Guinea Bissau (Visa free for 90 days)
19. Haiti (Visa free for 90 days)
20. Iran (Visa on arrival)
21. Kenya (Visa on arrival for 90 days)
22. Liberia (Visa free)
23. Madagascar (Visa on arrival for 90 days)
24. Maldives (Visa on arrival for 30 days)
25. Mali (Visa free)
26. Mauritania (Visa on arrival)
27. Mauritius (Visa free for 90 days)
28. Micronesia (Visa free for 30 days)
29. Mozambique (Visa on arrival for 30 days)
30. Nauru (Visa on arrival)
31. Niger Republic (Visa free)
32. Palau (Visa on arrival for 30 days )
33. Samoa (Visa on arrival for 60 days )
34. Senegal ( Visa free )
35. Seychelles (Visa on arrival for 30 days)
36. Sierra Leone (Visa free)
37. Somalia (Visa on arrival)
38. Sri Lanka (Electronic travel authorisation)
39.Tanzania (Visa on arrival)
40. Timor-Leste (Visa on arrival for 30 days)
41. Togo (Visa free)
42. Tuvalu (Visa on arrival for 30 days)
43. Uganda (Visa on arrival)
44. Vanuatu (Visa free for 30 days)
Nigerians have for some time faced enormous
problems when going to a foreign embassy to
apply for visa.
It is estimated that millions of Nigerians yearly
get rejected visas in embassies all over the
world.

Ukranian Security Negotiate To Free Kidnapped Nigerian Students

Nine Nigerian students were abducted by
separatists on Monday in the eastern city of
Luhansk, Ukraine. According to Ukrainian
official, negotiations are underway to free them.
The Nigerian students were taken captive by
‘the terrorists’. Militants have been holding them
as prisoners for four days already at an
occupied government security building.
According to Colonel Andriy Lysenko, a
spokesman for Ukraine’s National Security and
Defense Council, who spoke with reporters
Wednesday, people with experience conducting
negotiations were making contact with what he
called "the terrorists."
He said Ukrainian officials hoped the talks would
end "successfully in the near future."
Relatives of kidnapped students have been
making efforts to address a press conference at
the Nigerian Embassy in Ukraine.
The city is deep inside rebel-held territory, close
to the Russian border.
Separatists seeking greater autonomy have
been waging a bloody battle in eastern Ukraine
against the government .

350 Nigerian Students In War Zones Of Ukraine

No fewer than 350 Nigerian students risk their
lives everyday as they remain trapped in South-
Eastern regions of Ukraine, where the clashes
between the National Guard and separatists are
continuing for fifth month in a row, despite the
truce negotiated in Minsk, Belarus, on
September 5, 2014.
According to the statement by the Ministry of
Foreign Affairs, quoted by SaharaReporters on
September 11, 2014, Thursday, the situation with
safety of Nigerian nationals, who undergo
courses in higher education institutions situated
in the war zones, remains complicated in the
regions of Luhansk and Donetsk

The Ukrainian Ministry of Education and Science,
in its return, urges all the students to prepare
such information as 1) name; 2) passport
number; 3) institution name; 4) course name and
the year of study and alternative universities
within Ukraine. These details have to be
forwarded either to Nigerian Embassy in Kiev,
the capital of Ukraine, or to the Ministry of
Foreign Affairs, East and Central European
affairs division, Abuja.
These data would ensure the possibility of
transferring students to universities at safe and
peaceful areas in western and central regions of
Ukraine. The process will be supervised by the
Ukrainian Ministry of Education and Science.
In 2013/14 academic year, the total number of
Nigerians studying at various Ukrainian
institutions in the war zone was around 2,000.
Currently, about 1,650 had either returned home
or had relocated to secure regions of the
European country during the summer break.
The academic activities resumed in Ukraine on
September 1, 2014. However, they are far from
being safe due to fighting in the area.
Armoured vehicles are widely used by both
sides of the conflict in Ukraine Photo: AFP/BBC.
According to official figures confirmed by the
UN, over 2,600 people have been killed in
Ukraine crisis since April 2014.
The conflict has been transformed from local to
international when Malaysian Airlines flight
MH17 was shot above rebel-controlled area of
Ukraine on July 17, 2014.
MH17 crash site in Ukraine. Photo: AFP/BBC
All 298 passengers of various nationalities,
mainly Dutch citizens, died in the catastrophe.

Bishop Oyedepo Denies Being Barred From The UK

Bishop David Oyedepo, founder of the Living
Faith Church, worldwide (aka Winners Family)
has debunked reports that he was barred from
entering the United Kingdom over allegations of
fraud rocking his ministry abroad.
Bishop David Oyedepo
The very popular clergyman, through one of his
spokespersons who pleaded anonymity, said
such a report against the man of God was
unfounded and baseless without any iota of truth
in it.
“ It’s nothing but blatant lie and falsehood,” the
spokesperson said.
Also speaking on the matter, a spokesperson for
the airliners, Mrs. Salma said there was no such
information as Airline Alert against Bishop David
Oyedepo.
Another source who spoke to Encomium on
condition of anonymity equally said it was the
handiwork of mischievous people.
The source said: “ Did you notice the false
document was not even signed ?”
A report had surfaced online about a week ago
that Oyedepo, who reportedly holds a ‘C’ Visa
that grants him access to the UK for duration of
ten years, was stopped from travelling on
Saturday, 9 August, 2014, following a directive
from “Airline Alert”.
Bishop Oyedepo, popularly known as Papa by
his followers, has been hailed as the wealthiest
preacher in Nigeria with a total net worth of
$150 million and properties like 4 private jets
and homes in the United States and England. He
is the senior pastor of Faith Tabernacle, a
50,000 seat church auditorium, reported to be
the largest church auditorium in the world by the
Guinness Book of Records.