Starting a business with low funds can be difficult, but it is not impossible. So, if you’re wondering, “What business can I start with 150K in Nigeria?” You’ve come to the correct place.
That is why we have compiled this post to alleviate the long-term worry of deciding what business to start with 150,000 naira. We provide both offline and internet business ideas for N150,000 start-up money for students, graduates, and even those who are not educated. Continue reading to discover.
Overview
Nigerians are blessed with a plethora of entrepreneurial opportunities. There are numerous successful business ideas in Nigeria that you might start if you have 150k to invest in a new endeavor. Also, market research is crucial before launching a business to see if there is a demand for your product or service, especially if you have limited capital, such as 150k.
List of Best Business Ideas to Start with 150k In Nigeria
Which business can I start with 150k in Nigeria? Because this is a prevalent issue among Nigerians, we have collected a list of small businesses that you may start with 150k in Nigeria.
#1. Online Selling
With the increased usage of social media and e-commerce platforms, selling things online is getting more popular in Nigeria and around the world.
On online shopping platforms like Jumia, Konga, Jiji, or Instagram, you can sell a variety of commodities such as clothing, toys, or beauty products. You can also start your own internet store in Nigeria, choose a specialization, and sell things from it.
#2. POS/E-Payment Business
With the advent of POS and the quick growth of numerous fintech businesses in Nigeria, a new business opportunity, the POS business, has emerged.
Despite its popularity, this is one of the most popular and easiest companies to start with N150,000 in Nigeria to generate money, as there is still a significant demand for POS agents in some locations.
To start this business, all you need is a POS machine, which can be obtained for less than N30,000 or N70,000+ to keep it permanently. A kiosk or a table with an umbrella is also required for this business.
#3. Sell Food
People enjoy eating, so opening a modest café with a clean environment and wonderful food is an excellent way to start a business with 150k in Nigeria and generate a lot of money.
From there, you may expand your business into a larger facility and perhaps start conducting catering and events, as well as an Internet food business.
#4. Cooking Gas Business
Starting a cooking gas business is another profitable business to start with 150k in Nigeria, as people prefer cooking gas over firewood and charcoal cooking styles even in rural.
To get started in this business, all you need is a gas tank/bottle, some gas, a scale, a dispenser, a hose pipe, and other necessary materials.
All of these should come in under 150,000 Naira. The remaining funds can be utilized to produce an awareness banner.
#5. Mobile Devices Charging Business
Because of the poor quality of electricity in Nigeria, mobile device charging has become a very profitable business that you can start with as little as 150K and immediately recoup your investment.
You’ll need a small kiosk/shop, a generator, chargers, and socket boards to get started with this business.
N100 to N200 is normally charged per completely charged item, depending on the device. As a result, if you can charge 30 products consistently every day, you could earn N90,000 to N180,000 every month.
#6. Phone Accessories Business
Selling phones and other mobile accessories is another profitable business idea in Nigeria to start with 150,000 naira.
Find a kiosk or a small shop to start with your 150,000 Naira capital. Then, hunt for wholesalers of mobile accessories in markets such as Alaba or Ikeja Computer Village in Lagos, and NITA market in Abuja to purchase a variety of accessories.
Once you’ve purchased and stockpiled those things, all you need to do is display them at your kiosk to start drawing customers.
#7. Pastries & Baking Business
Another great business to start with 150K is the production and selling of little chops such as puff puff, chin chin, plantain chips, and baking cakes for birthday and wedding parties.
Why is it a great business for students? Because preparing those items is relatively simple, and cakes sell well in student areas due to the frequency of birthday celebrations. You’ll keep getting orders if your products are tasty, look nice, and are reasonably priced once you start with friends, coursemates, and campus/logdemates.
To start, you must learn how to create these things by enrolling in training or viewing some YouTube lessons.
#8. Open a Food Stuff Shop
Food has been and will continue to be the fastest-selling product in Nigeria that anyone may start with 150,000 Naira or less, regardless of location.
Beverages, Wheat, Semo, Garri, Rice, Spaghetti, and other items can be sold for a good profit at retail pricing.
Simply locate a modest shop, then contact foodstuff wholesalers (which can be found anywhere in Nigeria), purchase items worth N150,000, and sell them at retail prices.
#9. Open a Small Cement Shop
If you live in a newly developing region (site), selling cement is a very profitable business that you may start with 150,000 Naira.
With 150K, you can hunt for a small place and then find a cement supplier with whom you can negotiate a business start-up.
You can start selling as soon as your deal is completed by having your stock delivered to your location. To make this business a quick success, you’ll need to promote awareness using a banner and fliers.
#10. Dropshipping
Dropshipping is now an established online business. It is simple to get started, but it may take some time for things to truly turn green.
Dropshipping is the practice of selling things to clients without physically stocking them. In this situation, your dropshipping business orders things from a supplier, who then ships them directly to the client.
#11. Tailoring Business
Consider becoming a tailor and beginning your own business. However, because it can be costly to obtain a machine or a place, 150k may not be enough to start your own tailoring business, but you can use the funds to begin learning the trade and possibly form a collaboration with another tailor.
Just make sure the conditions and contract are fully documented.
#12. Okrika Clothes Business
Selling reasonably used clothing is a large industry in Nigeria because the majority of the population cannot afford original fashion pieces and must rely on these alternatives.
You can buy these garments from stores like Cotonu or create connections with other wholesale suppliers that can point you in the right direction. If you want to sell used clothing, you can either set up shop at a market and hawk your wares, or you can travel to a place like a school where these garments will be in great demand.
#13. Blogging
Many people prefer to blog, but getting started is difficult, and it takes time for your site to start producing money.
Every day, there are several ways to generate money from your blog, but the first step is to set up your site and establish a following of followers. If your website obtains a considerable number of daily visitors, you will be well on your way to creating a consistent daily passive income.
#14. Laundry Business
For individuals wondering what business they can start with 150k in Nigeria, who live in a heavily populated location where many people work 9-5 jobs. You should start your own laundry business.
All you have to do is collect people’s dirty clothing, wash, iron, and package them.
A little location near a water source, containers, washing products, a table, and a pressing iron are all that are needed to start a laundry business.
#15. Real Estate
Of course, N150,000 cannot be used to purchase a rental property in Nigeria, but it can be used to enter the real estate market. If you reside in a densely populated and expensive area like Lagos, Port Harcourt, or Abuja, you are aware that housing is both expensive and scarce.
Because 150K cannot be used to purchase a whole property, you can purchase an apartment for 150K and rent it out for 200K or more, making a profit of over 50,000 naira.
All you have to do is identify a decent property that you know you can profit from, buy it for yourself, and rent it out to someone else for profit.
#16. Open a Gaming Shop
A friend of mine chose to start a gaming retail business during one of the Asuu strikes, and guess what? It was extremely profitable.
A tiny shop, a generator, a widescreen TV (secondhand), a PS and/or X-box game player, and pads are all that are needed to get started. All of this should not exceed N150,000.
You can charge N50 for each player, for a total of N100 per game. With such charges, you might earn N3000 or more every day.
#17. Small Scale Poultry Business
Looking to start an agriculture business with a 150,000 Naira investment? You can try your hand at chicken farming.
To start this business, you must ensure that there is enough open space where you reside to build a bird refuge. Once that is established, locate a source for 1 to 3-day-old broiler chicks. If you want to go into the egg business, layers are the birds to get.
Your birds should be mature and ready to market in two to three months if properly managed.
#18. Copywriting
The copywriting market in Nigeria is expanding rapidly, with organizations and individuals in need of interesting and captivating content. All that is required is a computer and a connection to the Internet. Profits each day are estimated to be between 5,000 and 10,000 Naira. The greatest places to start are major cities such as Lagos, Abuja, and Port Harcourt. The competition is a challenge, but the rewards include freedom and the possibility of significant earnings.
#19. Graphic Design
Graphic designers are in high demand in Nigeria, thanks to the advent of digital media. It is necessary to have a computer and graphic design software. Profits each day are estimated to be between 5,000 and 10,000 Naira. The greatest places to start are major cities with a significant concentration of enterprises and creatives, such as Lagos and Abuja. The competition is a challenge, but the perks include high earning potential and the option to work remotely.
#20. Data Reselling Business
With 150k, you may start a data reselling business in Nigeria. A laptop and an internet connection are required. You can expect to make between 1,000 and 2,000 naira every day. The optimal placement would be in a high-demand area for data services. Competition and finding dependable suppliers are among the difficulties encountered. Low start-up expenses and the potential for substantial profits are among the advantages.
What Kind of Business Can You Start with 150k?
Sales of cooking gas, foodstuff, phone accessories, POS business, blogging, real estate, affiliate marketing, small imports, and other types of businesses can be started with 150K in Nigeria.
What Business Can I Start with 150K as a Student?
A bakery business, jewelry sales, blogging, affiliate marketing, and freelancing are all businesses you can start with 150K as a student.
What Business Can I Start with 150K in Lagos?
In Lagos, 150K can be used to start a laundry business, a POS business, jewelry sales, a gaming shop, or a real estate business.
What Business Can I Start with 150K in Abuja?
Laundry, POS, jewelry sales, launching a gaming shop, native clothing sales, and real estate are some of the businesses you can start with 150,000 naira.
What Business Can I Start with 150K in Port Harcourt?
Cement business, POS business, diamond sales, launching a gaming shop, native apparel sales, and snail farming are some of the 150K businesses you can start in Port Harcourt.
Where Can I Invest 150K in Nigeria?
If done correctly, you can invest 150,000 in currency in Nigeria and benefit handsomely.
Conclusion
While acquiring 150 thousand Naira cash may be simple, beginning a business with such a small amount of money may be tough, especially when looking for the most profitable one.
I believe you’ve received some of the best and most profitable businesses you may start with 150K in Nigeria with this post. All you have to do now is start at least one of the businesses you’ve seen here.
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