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5 profitable business to open in Nigeria with just 300k
Business
2 days ago
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Ebuka
2 days ago1. Mobile Food Vending / Food Delivery (Local Meals or Snacks)
Startup cost breakdown:
Cooking utensils & gas: ₦80,000
Raw food items (rice, beans, yam, oil, etc.): ₦100,000
Packaging materials: ₦20,000
Branding (flyers, basic logo): ₦10,000
Transportation or delivery support: ₦40,000
Miscellaneous: ₦50,000
Profit tip: Focus on busy areas—hostels, offices, or mechanic villages.
2. Recharge Card & Data Reseller Business
Startup cost breakdown:
VTU setup or software: ₦10,000–₦20,000
Initial recharge/data capital: ₦200,000
Basic phone + internet subscription: ₦30,000
Promotion/advertisement (online or physical): ₦20,00
Profit tip: Combine with selling phone accessories or SIM registration (if not banned).
3. Small-Scale Thrift Clothing (Okrika)
Startup cost breakdown:
Bale of thrift wear (children, ladies tops, jeans): ₦120,000–₦150,000
Washing/ironing: ₦10,000
Market stall or display stand: ₦30,000
Transportation + marketing: ₦30,000
Balance for emergency/miscellaneous: ₦30,000
Profit tip: Sell on WhatsApp, Instagram, or at local markets.
4. Mini POS (Agent Banking) Business
Startup cost breakdown:
POS terminal: ₦30,000–₦60,000 (from Moniepoint, Opay, PalmPay, etc.)
Float (working capital): ₦200,000
Umbrella/table/chair: ₦10,000
Signboard + branding: ₦10,000
Miscellaneous: ₦20,000
Profit tip: Best in areas with few banks or ATMs.
5. Perfume Oil / Skincare Products Resale
Startup cost breakdown:
Buy perfume oils or organic skincare products in bulk: ₦150,000
Bottles/labels/packaging: ₦50,000
Online marketing (WhatsApp, Instagram ads): ₦30,000
Logistics/delivery fees: ₦20,000
Miscellaneous: ₦50,000
Profit tip: Package attractively and upsell gift bundles or combos.