Top 5 Businesses You can Start up with 50,000 Naira in Nigeria | 2022

written By Imo David

The year is 2022, and the world is changing quickly. The system is overflowing with ground-breaking business opportunities as the world becomes digitally globalized. Men and women are currently making history in the business world, and Nigeria is not left out. You want to launch a business as you read this article. If you're an entrepreneur, starting and growing your business is your dream and the way to reach your highest level of self-actualization. If you simply want to make some passive income to keep "body and soul together," or if you're sick of going to work every day and want to be your own boss. In any case, YES YOU CAN!

According to research, a business should be launched during an economic or financial crisis. This is due to the fact that startups enter the economy with zeal, creativity, and a mindset for solving problems. The majority of new firms in America employ people. These small businesses grew into the large corporations that we are familiar with today, including Apple, Facebook, Google, and numerous others. Your company has the potential to grow to be among the biggest in Nigeria right now.

Do you really need so much to get started? Let me now walk you through 20 fantastic businesses you can launch in Nigeria today with just 50,000 Naira. Let's start now!

1. The Baking Industry

In Nigeria, the baking industry is booming. Nigerians can never get enough of cakes and pastries. Cakes or little chops are required at any party, including weddings, birthdays, and graduations. 

This baking enterprise can be launched directly from your kitchen. You may start by preparing miniature cupcakes and chops to sell in order to make money. You may then advertise your baking company on social media to acquire visibility, obtain customers, and start making a lot of money.

2. Plantain Chips Manufacturing

This is also a very profitable venture. In Nigeria, plantain chips are a popular snack. You can produce them, brand them, and sell them to various shops or supermarkets to earn money on a daily basis.

3. Soap Manufacturing

Another company you could start is soap making. You can manufacture liquid soaps for bathing or washing, brand them, and sell them to various supermarkets that pay a week after supply.

You might also elect to promote your soap on social media platforms such as Instagram or Facebook before delivering it to prospective clients.

4. Barbershop/Hair Salon

This is yet another excellent business opportunity. If you don't have a location, you could start from home or offer home services. All you need are the essential tools for your craft, such as scissors, combs, brushes, and so on, and you're ready to begin!

5. Dry Cleaning Company

This is another type of business you can start. Washing machines can be purchased for as little as 18,000 Naira. You can purchase detergent, wash your clothes at home, iron them, and deliver them to your customers!

There you have it! These are 20 excellent businesses in Nigeria that you may start with as little as 50,000 Naira. Use the power of social media and the internet to push and market your company. Remember not to dismiss small beginnings. With perseverance and hard effort, your company could become the best in Nigeria!

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ABOUT THE WRITER

Founder & CEO, ipentv.com

Imo David is a Nigeria Young Entrepreneur who is passionate about impacting Lives with Positive Changes. He Believes in the Power of Knowledge and is Dedicated to giving People with the Best Information on to Improve their Lives beyond their Imagination. David is Equally Committed to the General Growth of Young People Across Different Areas of Interest Such as Lifestyle, Career and personal development.

As the Founder and CEO of I PEN MEDIA HOUSE, David Leads and Oversees the General Activities of the Company, Particularly in the Areas of innovation and Media. As a Media Enthusiast, David also occupies the Position of Filmmaker/Producer of I Pen Tv, where he is Responsible for the management of the Media and Tv needs of the Company