List of Businesses You Can Start With ₦10k, ₦30k or ₦50k in Nigeria

Welcome to Informationhood.com! I’m glad you’re here because today, we’re talking about how to start small businesses in Nigeria with as little as ₦5,000, ₦10,000, ₦30,000 or ₦50,000.

You already know the state of the economy—rising exchange rates, fuel subsidy removal, and higher prices everywhere. Times are tough, but the good news is this: you can still build something meaningful with a small amount of money.

Before we jump into the list, let’s talk about the mindset you need to succeed.

Success Starts in the Mind

Every business starts as an idea. If you can picture success in your mind, you’re halfway there. A strong mindset will help you make bold decisions, stay consistent, and treat your small hustle like a real company—not just a survival tactic.

Without the right attitude, you’ll stay poor while the bank holding your money keeps getting richer. Strategy and boldness are your weapons against “sapa” (lack of cash).

Businesses You Can Start With ₦5k – ₦50k

1. Rebranding and Supplying Local Groceries

Food sells every day because no one can survive without it. Choose an affordable item like crayfish.

Buy ₦2,000 worth of crayfish.
Get a small heat-sealing machine and nylon packs.
Package in ₦100 portions and sell to local stores for ₦70 each.

With consistent effort, reinvest your profit, expand your reach, and later brand your product officially with NAFDAC approval. Over time, this can grow from a street hustle into a full-scale distribution business.

Key challenge: You’ll need boldness to talk to shop owners. Market aggressively as if your life depends on it.

Psalm 121:7-8

"Give thanks to the Lord for He is good: His love endures forever."

2. Sell Other People’s Products Online

If you already own a smartphone, this is for you.

Research trending products.
Approach shops in person to request a partnership—present it like a business contract.
Take photos or videos of the products.
Create an Instagram or Facebook business page.
Buy 5k followers for credibility (optional).
Run ads with ₦5k–₦30k to attract buyers.

When posting, list only a coded shop address (e.g. “009 Adepele, Ikeja”) so customers call you for directions. That way, you don’t lose sales to the store directly.

Pro tip: Learn how to run Instagram ads or pay an expert. If you want my help, you can reach out at informationhood@gmail.com.

3. Render a Service

Services don’t require large capital—just skill and passion.

Offer delivery or errands.
Teach online classes.
Provide herbal or wellness advice if you’re knowledgeable.

Pick something you’re genuinely good at, then promote it with a professional image.

4. Become a Social Media Influencer (or Start an Influencing Company)

Social media is the new oil money. Creators like Sabinus and Broda Mike are making millions monthly. If you can create unique, fun videos—or manage a team to do it—you can grow an audience and eventually monetize through ads and brand deals.

Important: Don’t expect instant cash. Start small, have a side hustle to sustain you, and give it time to grow.

5. Groundnut Business

Groundnuts sell fast everywhere.

Buy fresh groundnuts, roast them, and package them neatly in bottles or nylon.
Supply to small stores first, then expand to supermarkets and malls once you grow.
Eventually, scale into a full company with staff and obtain NAFDAC approval.

6. Chin-Chin Business

Chin-chin is another product that moves quickly. Learn to make professional-grade chin-chin from YouTube tutorials. Package it neatly and sell in bulk to local stores. With consistency, this can grow just like the popular Minimi brand.

Final Thoughts

Any of these businesses can start small and grow big if you take them seriously. Treat them as companies in the making, not just hustles for daily survival.