Introduction: Can You Really Start a Business With 50k in Nigeria?
Yes — you absolutely can. Even though the cost of living and inflation in Nigeria keeps rising, you can still start several profitable small businesses with ₦50,000 or less. We have gathered 10 Businesses You Can Start With 50k or Less in Nigeria.
In this guide, you will learn 10 realistic and high-demand businesses you can start today, even if you’re a beginner with zero experience.
To help you even more, this article includes:
- Internal links to helpful skills you can learn on LearnitPedia
- Outbound links to trusted external resources
- Clear step-by-step breakdowns
- In-demand ideas that work in 2025
1. Mini Importation (Starting From ₦30,000)
Mini-importation is one of the cheapest and fastest ways to start making money in Nigeria.
How it Works
You buy low-cost items from China or Turkey and resell them at higher prices. Many Nigerians make daily sales from simple products like:
- Wristwatches
- Phone accessories
- Fashion items
- Kitchen accessories
Affordable Websites to Import From (Outbound Links)
- 1688 → https://www.1688.com
- AliExpress → https://www.aliexpress.com
- Alibaba → https://www.alibaba.com
Why It’s Profitable
Because Nigerians love affordable but trendy items. Even with small capital, you can make 40–120% profit per item.
2. Phone Accessories Business (₦20,000 – ₦50,000)
Phone usage in Nigeria increases every year. This creates massive demand for:
- Chargers
- Earpieces
- USB cords
- Phone pouches
- Screen guards
Where to Buy Cheap Accessories
- Alaba International Market
- Computer Village
- Online wholesale stores
Internal Link Recommendation
To build an online presence for your accessories business, learn social media marketing here:
👉 Learn Social Media Marketing (LearnitPedia) — internal link
https://learnitpedia.com
3. Foodstuff Packaging Business (₦20,000 – ₦40,000)
This business is growing fast because people prefer clean, branded, ready-to-use food items like:
- Garri
- Beans
- Pap
- Spices
- Rice in small packs
Why This Business Works
You can buy in bulk from local markets and repackage into smaller sizes.
Profit margin = 30–60%
4. Freelancing (₦0 – ₦50,000)
Freelancing requires no shop and minimal startup cost — you only need data and skills.
Popular Freelancing Skills
- Graphics design
- Copywriting
- Web design
- Social media management
Useful External Links
- Fiverr → https://www.fiverr.com
- Upwork → https://www.upwork.com
Internal Link
Learn professional skills cheaply from:
👉 LearnitPedia ICT Training (Internal Link)
https://learnitpedia.com
5. Liquid Soap and Detergent Production (₦15,000 – ₦30,000)
People use detergents daily, making it one of the most in-demand small-scale businesses.
Startup Cost Breakdown
- Chemicals: 8k – 15k
- Containers: 3k – 7k
- Branding stickers: 2k – 5k
Profit Margin
Up to 200%, especially if you brand and package well.
6. POS Business (₦35,000 – ₦50,000)
The POS industry is still booming because banks are unreliable and people want quick transactions.
Startup Requirements
- POS machine (depending on provider)
- Shop or umbrella
- Table and chair
Trusted POS providers (Outbound Links)
- Opay POS → https://opayweb.com
- PalmPay POS → https://palmpay.com
Daily Earnings
₦2,000 – ₦6,000 depending on your location.
7. Food Delivery / Small Chops Business (₦20,000 – ₦50,000)
With small capital, you can start:
- Small chops
- Shawarma
- Home-cooked meals
- Snacks
Why It Works
People now prefer ordering food instead of cooking due to busy schedules.
Internal link suggestion
Promote your food business online with:
👉 Learn Digital Marketing (LearnitPedia)
8. Thrift (Okrika) Clothing Business (₦10,000 – ₦50,000)
You can start with a bale pick or select items from major markets.
Where to Buy Cheap Thrift Clothes
- Yaba market (Lagos)
- Wuse market (Abuja)
- Aba market
Profit margin is very high because thrift items are cheap but in high demand.
9. Recharge Card & Data Reselling (₦5,000 – ₦30,000)
This business is extremely easy to start with low capital.
What You Need
- Smartphone
- VTU platform account
- Small capital to buy data bundles at wholesale rate
External Links to VTU Platforms
- Aimtoget → https://aimtoget.com
- VTpass → https://www.vtpass.com
10. Blogging / Content Creation (₦0 – ₦50,000)
With as little as ₦50k, you can start a monetized blog or YouTube channel.
Startup Requirements
- Domain & hosting (₦25k – ₦40k)
- WordPress setup (free)
- SEO training (free or low-cost)
Useful External Links
- Google Adsense → https://adsense.google.com
- WordPress → https://wordpress.org
Internal Link for Training
Learn WordPress, SEO, and blogging at LearnitPedia:
https://learnitpedia.com
Conclusion on 10 Businesses You Can Start With 50k in Nigeria
Starting a profitable business in Nigeria does not require millions. With ₦50,000 or less, you can begin small but grow steadily — especially if you combine your business with digital skills.
If you want to learn the skills that help these businesses thrive, check out:
👉 LearnitPedia Online ICT and Digital Skills Training
https://learnitpedia.com