4 Businesses You Can Start With 50,000 Naira in Abuja
Nigeria’s capital, Abuja, is regarded as the country’s geographic center. In 1991, Abuja became the nation of Nigeria’s capital. Aso Rock Villa, the presidential residence, is located in Abuja. That ought to already be so complimentary of Abuja.
Because Abuja is one of the wealthier cities in Africa, it’s a wonderful spot to launch a business. Resources, both human and material, are always available.
Abuja is renowned for its safe and welcoming environment in addition to the fact that it is one of the cities in the nation with the fastest rate of population growth. The working class, politicians, business professionals, and students are all present in Abuja’s population.
For obvious reasons, POS (point of sales) tops the list of business ideas in Nigeria that you may launch with 100,000 naira. The company is one of them that has been around for a very long time. Human life involves financial transactions, and the banking industry routinely falls short of what the public expects in that regard.
POS acts as a discreet substitute for banking transactions and prevents individuals from spending their valuable time waiting in line for routine financial transactions in the bank hall. Financial operations such money transfers and withdrawals, bill payments (DSTV, GOTV, PHCN), airtime recharges, and data sales can all be handled.
What you must have to begin
Business funding, a location (such as a storefront or container), a banner, and—most importantly—a point-of-sale system are some of the items you’ll need to get your venture off the ground. Banks like GTB, UBA, Zenith, First Bank, Access Bank, Polaris Bank, and a plethora of others are where you may purchase POS equipment.
Phones and other gadgets charging
Another business concept in Nigeria that may be implemented with as little as N50,000 – 100,000 naira is the charging of electronic devices. The fact that most states in the nation have unstable and inconsistent energy supplies is no longer a surprise, making the industry of switching phones a very lucrative one to enter with comparatively little capital.
Additionally, the price of gasoline for generators, which could have provided a backup power source, has increased and is now prohibitive. As a result, the majority of lower and middle-class people who are unable to buy a generator frequently turn to phone-charging merchants, paying a minimum of 100 naira to have their phones and other devices charged.
What You Need to Start
One must think about the site while creating a business that charges phones and other devices. Locating your firm in a region with a weak electricity supply is preferable. It will force people to support your business as a result. Since you will be dealing with many types of people on a regular basis as a phone recharging seller, you should also cultivate a good charisma that will enable your potential clients to readily relate with you. A container or space, a covered or shaded area, a small generator for power supply, gasoline for the generator, original chargers and a desktop computer, as well as an electric socket board with several electronic charging plugs are some of the items you’ll need to get your business off the ground.
Food Vendor Business
Food is a crucial and unavoidable component of human existence. We have to always find something to eat, no matter what. On the list of business ideas that you may start with 100,000 naira, the online food vending and delivery business ranks third for this and other reasons.
Due to the nature of their jobs and busy schedules, many individuals currently find it challenging to prepare meals at home; as a result, they end up using the services of these food vendors. Some examples of people who fit within this group include members of the working class, students, and craftspeople.
Since there are numerous choices, including eateries, restaurants, and other mobile food vendors competing for your consumers, having knowledge of or experience with cooking will give you a distinct advantage over your rivals. You will stand out from the crowd if you can make nice, tasty, and inexpensive dinners.
What you need to begin
Fast and dependable modes of transportation are essential requirements for the efficient operation of the mobile food industry. The good news is that you may start by cooking in the comfort of your own home and grow the business over time. You don’t have need a shop or office to prepare your meals.
According to the proverb “A picture is worth a thousand words, but a graphic design is worth a million,” graphic design is consequently worth considerably more than writing. Visual communication is projected through the process of graphic design to convey a specific message. To convey a message to an audience, it mixes several aspects.
Businesses, governmental institutions, politicians, partisans, and almost every sector of human effort employ graphic designers. It’s necessary to familiarize yourself with the fundamentals of graphic design before considering a career in it. These include concepts like hierarchy, color, typography, lines, forms, balance, texture, alignment, proximity, and contrast.
What you need
As with other digital abilities, mastering the skill is more vital than owning a specific shop or workspace when starting a graphic design business. You can study graphic design in a variety of methods, including by paying a professional for master classes where you will receive instruction in the principles of graphics and how to monetize the expertise. You can also watch graphic design lessons on YouTube.
Your laptop and smartphones will be the tools you need to make the company idea a reality. You’ll need programs like Canva, Pixellab, and Logo builder for desktop design while you’ll need Corel Draw, Adobe Photoshop, Adobe Illustrator, and a host of other programs of a similar nature for laptop design.
Abuja is one of the costliest places to live in Nigeria. That is why we advise people to always get side hustles to complement their job.
To further help young people living in Abuja, we have equally listed the highest-paying side hustles you can start in Abuja with little or no experience. Don’t forget to subscribe and register on our platform for more insights on how to have a fruitful stay in Abuja.