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Business you can start with 20k

There are so many investment opportunities in Nigeria with high returns and business ideas that you can start right away with 20k 50k or 10k

In this article I will show you a list of profitable Business you can start with 20k 50k or 10k and make the right amount of money if done right.

Based on my recent research, Business you can start with 20k 50k or 10k these businesses are a lucrative business that one can go into with the money mentioned above and expect good money from it.m

Nigeria is an economically strong country, not only is it poorly managed by our government, but people are still becoming millionaires every day in their businesses. Many millionaires in Nigeria today started out as small as they used to be and today they have become big names that should be talked about throughout Africa when it comes to business.

You can also start something now and be a great business man or woman tomorrow, remember the journey of a thousand miles that they say begins on the move.


1. Starting a POS Business 

Point of Sales (POS) business began to expand in Nigeria in 2013 after the Central Bank of Nigeria (CBN) introduced the agency banking system in 2013. This opened up a new financial services portal to reach remote bank customers, outside banks, and underprivileged communities. This means that POS businesses serve as a means of expanding the services provided by financial institutions to underserved sections of society.

However, this is not the only problem solved by the banking services of agents. Despite the global economic downturn, Nigeria and other developing countries like it still use a lot of cash. Long lines and unfamiliar network services at Automated Teller Machines (ATMs) encourage many customers to find other ways to earn money or perform tasks. Apart from this, it also helps consumers to withdraw money easily when nearby ATMs are far away. In other words, POS businesses make it easier for consumers to get the money they need to get commission.

Many people often express doubts about the value of such a business. However, the market for this business is huge and varied - including anyone who has a bank account and needs to make any transaction. A really profitable business. Although they are a trading channel provided by banks, POS agents are not direct employees of banks and therefore regulate their businesses.

Services provided by POS businesses

Some of the services offered by these businesses include;

  1. Withdraw money from any bank account
  2. Opening a bank account (learn how to create an online bank account)
  3. Deposit money into any bank account
  4. Paying for electricity, airtime, water, and more.
  5. Sending money to any bank account
  6. Registering a Bank Verification Number (BVN)

See Where to buy cheap Opay and Baxi POS

2. Make money on Piggyvest

The Piggy Vest was formerly called the “piggybank. ng ”is an online forum and app that helps you save and invest easily.

If you are a small business owner or someone you can make a lot of money with Piggy Vest and manage your finances and earn decent interest on your savings and investments.

I use PiggyVest to save & invest securely. Sign up with my link and get ₦1,000.00 to start your own savings journey 

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As a business owner or person using PiggyVest, you can control overspending by locking up funds you do not want to touch for some time using SAFE LOCK.

The Piggy vest helps you get rid of stress that includes simplicity, discipline, simplicity, and flexibility so you can better manage your finances and gain financial freedom.

How can you make money with PiggyVest in Nigeria?

there are 3 ways to make money with PiggyVest in Nigeria

SAVINGS - Earn 13% Annual Interest on Annual Savings

INVESTMENT - Reach up to 25% Annual Investment Return

BONUS-Referral Programs - click here now to sign up for free and get 1000 credited to your account Instantly! 

3. Iced Block Production Business

The electricity situation in Nigeria is getting worse every day and people need cold drinks and water, you can be helpful and make money with this. Once you have a fridge you can start making iced block and sell it to people who sell drinks and water. The only thing that the business needs is a refrigerator and a water-efficient generator.

4. Online Affiliate Marketing

Affiliate marketing is a fun way to sell products and services without having to worry about making products or providing services. You are not actually selling or processing the payment. You just collect the transfer fee. How easy is that now? And you can run a business from home.


For affiliate marketing you will need a website or blog with a good number of visitors. Then supply and promote links to another website where another company sells a service or product. The company will then pay you for any completed transactions that You referred to their website. They may pay you a lower price or a percentage of their sales price.

You can contact the companies directly that are willing to pay the transfer. For example, Amazon is probably the most popular retailer. They pay commissions on the lower side. Their fees vary but are usually 4%.

Alternatively you can approach services like ShareASale and ClickBank that include thousands of products and services from affiliate marketers. Commissions on the products they offer vary widely but can reach up to 70%.

While some entrepreneurs have made a lot of money through affiliate marketing, as many businesses are not as simple as it may seem at first glance. The weight is doubled. To make a lot of money you will probably need to have a large amount of traffic to your website or blog because only a small percentage of your visitors will buy a product or service. And secondly you need to have an audience that is interested in the type of product or service you are advertising.

To be truly successful in affiliate marketing you really need to design your website theme and / or blog posts into strong forums to build traffic and interest in products or services that you can provide with relevant marketing links. Integrated marketing can be a difficult business to break into and build momentum. But once successful, it may provide just what you need.


5. DVD / CD Business Sales

selling DVD plates is a very lucrative business in Nigeria, people buy music and movies every day. If you do not like Nigerian films I am sure you like American films, what about Indian, Chinese and Filipino movies? This is a money-making business but many people thought there was no money there.

Do you know how much movies you buy for ₦ 150 sold to retailers? If you do not know, their wholesale price is ₦ 25 ngayinye each in the Alaba market.

Now those guys are selling these movies for ₦ 150 to people, they definitely make ₦ 125 out of every CD they sell. Suppose he was able to sell to 40 people every day, which is ₦ 125 × 40 = ₦ 5,000 and his maximum income is ₦ 1,000. This means that the person who buys the CD from them makes ₦ 5,000 every day and ₦ 150,000 every month. Some people will ask how it is possible for him to sell 40 films every day? Now let me explain how.


Did you know that those movies have season 1 season 2 season 3 and even season 11. One person can buy from 1 to 5 if, because no one wants to watch a half movie, this means that one person can spend up to ₦ 1,250 buying from season 1 to season 5. That person can see another exciting movie and decide to install it.

Now if the seller is in a busy area he will have more than 20 customers every day and sell more than 50 CDs every day.

Having a shop or just a permanent open space on a very busy street is very important in this business even though you can also move it, your customers will always come to you for interesting new films especially if you are kind to them. This is a very lucrative business and does not require much investment, and under ₦ 10,000 you can start this business.

6. Home-Based Food Business

Can you cook or know how to prepare snacks? You may have your chance when you start a home-based food business. Unlike a restaurant or food truck, with this business, you can customize everything in your house and bring it to the customer — or even have a client take over.

This business could only work better if you could do something hard to find where you live, such as home-made Snacks. You may need to invest heavily in your kitchen; depending on what you want to do and how many people you intend to serve at a time, a new oven or refrigerator, or both, it may be convenient. You will usually be able to get property support from the seller. 


Word of mouth, no pun intended, will be incredibly important in this business. You can advertise your business locally, but your product will be your best ad. Once the word is reached, you will be able to begin to enjoy the tangible benefits.

7. Photographer / Artist Work

This is one of those business ventures that sounds simpler but does not really exist or not everywhere in your vicinity. Don't let that stop you from getting started, though. Just remember that images do not lie, not even the effects and re-touch. People love or hate them, and getting kids and even some adults to sit on shoots is often a daunting task.

However, if you are willing to invest in other materials — lighting, studio space of some kind and, obviously, cameras — you can make the journey to make other people look good with film. You will need valuable human skills and skills for children, and you may want to consider taking some photography classes even if you think your skills are already good. Photography is an unforgivable business. On the other hand, if you have a talent, you can make a name for yourself very quickly.

Do a free job to start and build a website to showcase your photos. Once you have found your first few clients, start going to schools, houses of worship, local sports clubs and other organizations that often seek out photographers. You can also work with local models, trade in their modeling time for your photos to enhance both your portfolios.

Of course, the main cost here would be equipment. You will need to do some research on your competition to determine the prices. Remember, even Target makes tall images now, so the competition is there. But if you can do an unusual job at a reasonable price, you can build a very successful business.

8. Social media Management Service

Many business owners do not even know how to use social media. And many more do not want to bother with wasting time constantly updating their presence on social media.

That's where you come in! If you enjoy socializing with your friends on social media, why not get paid to be on social media? Local businesses need your services. Best of all though most clients will always want to hire you to create social media platforms for them.

This means that with a few clients you can quickly develop a very good salary. And most of the work - posting on social media - you can do in the comfort of your own home. And more is great - you can add one client after another. You can continue to focus on big companies as your reputation grows. And you can add additional resources.

This is the business you should start. The work is straightforward. And you can set your hours and post social media anytime you want. This business also lends itself well by starting part-time jobs - starting small and growing the business at your own pace.

9. Cake and Cupcake Bakery

Making, decorating, and selling custom-made cakes and event cakes from birthdays to weddings to annual celebrations is a great business idea for a hobbyist to pursue, and one who can make a huge profit. You can start with a short budget by baking and decorating right in your kitchen. Contact wedding planners, photographers, wedding shops, event coordinators, restaurants, children's party organizers, and food companies to let them know about the special cakes you bake and sell. An effective marketing idea is to send samples of your cakes to make sure they send the business your way.

Create a website with photos of the things you created, and post those photos on social media sites. For the most part, you can rent a commercial kitchen area to have enough space to produce more cakes that can be sold at restaurants and grocery stores. Baking and decorating special cakes can be a great benefit, as the cost of the ingredient is only about 15 to 20 percent of the retail price.

10. Phone Accessories Business

Phone accessories are phone accessories such as phone chargers, pie chargers, USB cord, memory card etc.

people have problems with their daily phone services especially chargers. This business is very profitable if you are in a busy area. starting this business is inexpensive, you can startxxxx this business for 20k (20,000 naira). You must have bought chargers or ear pies before, which means people are buying them regularly because of improper charging these days, people are experiencing one or more problems with their chargers, they want to get new ones, because they can't 'throw away their phone.

When you are ready for this business you can partner in a store with any phone dealership, or if you are in Lagos and near a computer club you can take them to any free place and arrange your phone accessories, there are millions of people. to the computer village every day.

11.  Plantain Chips

This is what I enjoy most when I travel, people eat this every day, chips are everywhere. You can start this business as a company by packing it up early and labeling it as soon as you see it in Lagos. If you do it right you will find sellers who will buy from you every day to resell you. You can start producing your own and sell them to the guys who sell and the people who sell in the store. You can start this business for 50k

12. Download Music / Games and Flashing of phones.

Do you have a laptop? If so, this is a good time to make good use of it. people want to have the latest music audio or video on their phones outside downloading, phones get infected with viruses every day, there is no way a virus infected phone owner would not want to flash the phone in other to work well again, this is where you comes in, you can do phone flashing, music and games downloading, and app downloading also together at the same time and this business doesn’t required a shop.

You can start this in front of your house by bringing your desk, chair and laptop, get two speakers and connect them to your laptop, find a blank board and write "Download Music, Games, Bible, Quran, and Flash Your Phone Here".
The business is always moving no matter where you are because the phone is used everywhere.


If you do not have a competitor in your area you can charge # 2,500 in just a flash and # 500 and more for games, music, bible and download quran. This business does not require you to buy or sell anything, you are just making money without buying anything. If you do not have a laptop you can get one in our warehouse for as little as 20k.

13. Selling Mobile Phones.

People buy a phone every day and will buy it tomorrow and will continue to buy, With # 50,000 you can start a phone business in Lagos. There are UK android unlocked and blackberry phones you can buy at the market in Ladipo, Mushin, Lagos State for $ # each.

When you get home buy a battery because you do not have enough batteries, and you test them all, it will surprise you that they will all work. I bought a samsung galaxy s5 at # 500 and I still love it to this day, a lot of people start selling it for 30k but I love the phone and I don't want to sell it. I also bought a techno pad g9 which I use to update for a while.You can start this business from in front of your house or on any busy street or busy railway line in Lagos. Just get a table and a cardboard box to organize yourself like that young Ikeja, and you can start your own business, sell it for whatever price you want, but I advise you to sell it at a cheaper price again, so you can sell it. immediately.

Those guys on the street in the computer area sell theirs as untested and for the price of 1,500 Naira, just to sell faster. You can also make your own cheap one to sell quickly in your area but some can cost even more than 20k, so it is best to sell according to their value.

15. FastFood Business

I know you eat, and you know I eat too. But did you know that we do not always feel like cooking or even having time? Even if you prepare your own breakfast, what about starting? will you take your cooking utensils to the office? That is why restaurants and fast food will never run out. You can set up a small restaurant with 20k to 50k and start making money with it. You can even bring them to companies during the break to save you stress and time to go looking for food by bringing them to the office, they will appreciate you more while you make your money.

16. Recharge Card Distribution Business

Even if you have no money you can start this business if you have a lot of trusted sellers. This business is an act of buying and distributing refilling cards from manufacturers to retailers, you are the person in the middle here. You can start this business for 50k if you do not have a charging card manufacturer and can offer you to supply and pay after delivery. You will need a bicycle to ride in one to save on travel costs.

17. Fish Production Business

Have you ever seen a catfish before? The baby catfish is called fingerlings. If you are a person who loves agriculture as much as you can, you can get into this business as it is very profitable but requires some skills. There are places to gain skill in most cases it does not cost anything. The process of finger production is simple, the only important thing is to prepare the consumers before production.

This business is very profitable, you can make up to 50,000 Naira on your first product that you spend just 4,000 Naira on it. child farming has great benefits.

18. Shawama / Roasts Business

This is another business that you can start with a small amount of money and make some cool money every day, shawama is used every day. Some people like to eat barbecue or shawama while drinking at a bar and like to shop for their families. The perfect place for this business is in front of a beer shop, or club.

You can start a shawama or sausage business for as little as 20k.

19. Small Import Business

Nigeria depends on imports, it is disturbing that Nigeria imports matches and toothpicks, but we cannot do without them, so as we are not yet ready to produce them we must continue to import these items. There are so many imports that will interest Nigerians. In an interview with a Nigerian businessman, he said the export business is very profitable and everyone in Nigeria who knows how to do it is sure to become a millionaire in the near future.

According to him, he noted that the import business can start at # 20,000 to # 50,000 and make sure you make # 150,000 every month, if you import the right products. You can start an import business while in Nigeria, Alaba International Market is the answer, go on alibaba and look for something cheap $ 2 - $ 3 and import 10 of its pies. Hidden camera, luxurious phone cases, Bluetooth speakers and the like are the best in foreign destinations. You can meet retailers to offer them wholesale prices upon arrival, or sell online at olx, jumia, konga or city.

20. Okrika Bale Business

It is one of the business ideas in Nigeria that you can make a profit that doubles the real value of the calculation.

You can post photos online at attached prices or you can sell them individually to people.

Okrika is one of the cheapest and most lucrative business ideas. It will always be purchased because of this economic situation. It is therefore a very lucrative business to start in Nigeria today.

Lagos, Onitsha, Kano and Aba, have good markets to buy a lot of clothes for sale.
The starting fee may vary as it depends on you. It can be less than 20,000 to 200,000 Naira.
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