Stats: 3,187,163 members, 7,931,973 topics. Date: Monday, 26 August 2024 at 03:33 PM |
Nairaland Forum / Nairaland / General / Business / What Type Of Business Can I Start With ₦4M (45987 Views)
Business Ï Can Start With 4m / What's The Best Bank For Savings Of Business Income? / Which Good And Profitable Business Can I Start With 500k (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (13) (Reply) (Go Down)
Re: What Type Of Business Can I Start With ₦4M by seanwilliam(m): 12:36pm On Dec 11, 2020 |
Lol... see dem nairalanders giving you businesses they read on google., no worry your eyes go clear... My advice to u is, invest the money on ‘ the thing that gave you the 4m’ And if you were going to try a new business, never invest more than 30% of your capital . Incase things go south u go see something to fall back on 4 Likes 1 Share |
Re: What Type Of Business Can I Start With ₦4M by Synergyajy(m): 12:36pm On Dec 11, 2020 |
Micro lending business.... You won't regret.... As high as 8-10% monthly ROI |
Re: What Type Of Business Can I Start With ₦4M by yusufmurry: 12:37pm On Dec 11, 2020 |
blackpanthar: Can u give details on 9 & 10 |
Re: What Type Of Business Can I Start With ₦4M by SolarEdge: 12:37pm On Dec 11, 2020 |
From your post Op you don't have any prior business skills, no business experience also. 4 molla is not a small money at this time sir.. Business is not as easy as you may perceive it sir. I'll give you my candid advise that may seem brutal.. Lol 1. Go for at least 12 months apprenticeship in any business you decide to venture into. It may look difficult but it's very possible.you will thank me later. 2. Beg your uncle to add 1M to that money and apply for a masters program in Germany, most of their schools are tuition free.. You only need about 10k euros in your block account which is your living expenses. To survive in business in Nigeria is not child's play. LEAVE NIGERIA SIR.... our policies are not friendly for startup.. If you have such amount please relocate, you'll still thank me later. Hey! Some of you may come spewing what you like.. I'm only advising the young man, to avoid regret. 4 million Naira is huge from his uncle but in the real sense it's nothing in the Nigeria business space.. TO GET A SHOP AT ARENA MILITARY SHOPPING COMPLEX IS OVER 5 million Naira.. I have fact. So after getting a shop where will you get money to buy goods you're not even sure of having buyers for... Op please JAPER O... I REITERATE JAPER... 14 Likes 2 Shares |
Re: What Type Of Business Can I Start With ₦4M by TheSparrow: 12:37pm On Dec 11, 2020 |
There are several businesses you can start and run profitably in Nigeria. Below are six that readily comes to mind: 1. Rice Milling: (You can start on a small scale with ~4m) One of the best businesses one can venture into in Nigeria today is parboiled rice production (Rice Milling). Nigerians currently consume over 5 million metric tons, which is equivalent to over 100 million 50Kg bags of rice annually. With the current population growth rate of Nigeria, the consumption of rice is estimated to reach about 35 million metric tons (700 million 50Kg bags) by the year 2050. There is high demand for rice in Nigeria. With a population of over 180 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large and growing market for rice. As it stands, the current producers of good quality rice in the country cannot even meet up to 50% of the current demand. This is the reason why the market is flooded with poorly produced and low quality rice. New entrants into the rice milling industry that can produce good quality parboiled rice will have an evergreen market waiting to be sold to. 2. Drinking Water Production: ( You can start producing pure (sachet) water with ~4m) Another good business that does very well in Nigeria is drinking water production (Bottled water and Sachet Water). The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically produced and well packaged food products like bottled water. The market for packaged water is high and cut across all parts of the country. With a population of over one hundred and eighty million (180,000,000) people, and an estimated national population growth is 5.7% per annum, Nigeria has a large and sustainable market for packaged water. 3. Poultry Farming: (You can start small with ~4m) Poultry farming is yet another business that gives good returns on investment. Poultry farming has risen to become one of the most lucrative businesses in Nigeria today. This aspect of livestock farming, if set-up and managed properly, provides legitimate continuous income for entrepreneurs within a short period of time. There are over 160 million consumers in Nigeria and over one billion in Africa. This provides a large, growing and sustainable market for poultry farmers in Nigeria, and Africa in general. 4. Pounded Yam Flour Production: (You can start on a small scale with ~4m) Pounded yam flour is another product that you can chose the invest in its production. Pounded yam is a popular delicacy produced from boiled yam tubers, and is consumed by many people across Africa. However, a lot of people, especially the middle class find it difficult to prepare pounded yam the traditional way which involves boiling yam, pounding it in a mortar using a piston, until it becomes a succulent dough. The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically processed, easy to prepare and well packaged food products like yam flour. 5. Maize (Corn) Flour Production: (You can start on a small scale with ~4m) This is another business that you can quickly setup and make good money with. Maize can be processed into several products including Maize Flour, Maize Grits. Starch, etc. With few producers focusing on the production of maize flour in Nigeria, there exists a large gap that needs to be filled by aspiring entrepreneurs in the country. This supply gap will continue to grow as the population of the country grows. 6. Cooking Oil Production: (You can start on a small scale with~4m) The production of Cooking oil, also called Vegetable oil is yet another viable business you can quickly setup and make good money in Nigeria. The present production level of Vegetable Oil in Nigeria is yet to meet the demand of Nigerians. There is currently a ban on the importation of vegetable oil into the country. The ban was placed in other to encourage local producers to expand their operations, and new investors to go into the production of Vegetable Oil. This has made the business to be very lucrative. To read more, Visit: https://planbiz.com.ng/five-lucrative-businesses-you-can-start-in-nigeria-today-and-make-big-money/ Wishing you all the best in your quest. PS: I can prepare a Bankable business plan for you on any of the above business at a discounted price of N10,000 only. The business plan is ideal for existing or aspiring entrepreneurs who want to maximize their chances at securing a loan or investment. The plan will have: * 3 years production forcast * 3 years sales forecast * 3 years gross profit forecast * 3 years OPEX forecast * Net profit analysis * Customer segmentation Etc Reach out via WhatsApp: 09022106607 4 Likes 2 Shares |
Re: What Type Of Business Can I Start With ₦4M by boyejodapo123(m): 12:37pm On Dec 11, 2020 |
Bro look for who do catfish business, invest on it, I promise u, u will never regret. 2 Likes |
Re: What Type Of Business Can I Start With ₦4M by Fvckhypocrite(f): 12:38pm On Dec 11, 2020 |
King44:Love to knw more sir |
Re: What Type Of Business Can I Start With ₦4M by ebexofficial: 12:38pm On Dec 11, 2020 |
Oga go into a business you have knowledge about. Phone accessories is good 3 Likes |
Re: What Type Of Business Can I Start With ₦4M by Fvckhypocrite(f): 12:40pm On Dec 11, 2020 |
RioCarputo:But it seems is only for graduate? |
Re: What Type Of Business Can I Start With ₦4M by Risentouch(m): 12:40pm On Dec 11, 2020 |
Agency banking is the best 1 Like |
Re: What Type Of Business Can I Start With ₦4M by Nobody: 12:40pm On Dec 11, 2020 |
paix:better location win am 1 Like |
Re: What Type Of Business Can I Start With ₦4M by Nobody: 12:40pm On Dec 11, 2020 |
paix: |
Re: What Type Of Business Can I Start With ₦4M by Mayannar(m): 12:40pm On Dec 11, 2020 |
1 Like |
Re: What Type Of Business Can I Start With ₦4M by RioCarputo(m): 12:40pm On Dec 11, 2020 |
The best thing is don't venture into business you known little or nothing about. take your time and think about what you already have knowledge.. for instance if I want to go into business, I do prefer buying and selling of phone accessories because I really know about it - earphones are sold at 100h per one and you do sell it 250 or 300....same as charger......and many more.....as you can see I have prior knowledge about it..... 3 Likes 1 Share |
Re: What Type Of Business Can I Start With ₦4M by RioCarputo(m): 12:41pm On Dec 11, 2020 |
Fvckhypocrite:yes,BSC/HND. |
Re: What Type Of Business Can I Start With ₦4M by femijay8271(m): 12:43pm On Dec 11, 2020 |
Samakus: can u pls tell me more about this cfx? 1 Like |
Re: What Type Of Business Can I Start With ₦4M by Kaiser20: 12:43pm On Dec 11, 2020 |
HerMajestyCares:Since you have a multimillionaire uncle ask him to add 6m to make it round number 10 million,then start cattle ranch business. If you buy cows from Daura farm nurse it and sell in the south. After 5 years you will become very rich & if you like the governor of your state while your uncle is state contractor. 3 Likes 1 Share |
Re: What Type Of Business Can I Start With ₦4M by kuruf: 12:44pm On Dec 11, 2020 |
mymoney001:Asa My brother travel out of this useless country |
Re: What Type Of Business Can I Start With ₦4M by poseidonsaiz(m): 12:44pm On Dec 11, 2020 |
Block machines hire for building companies and sites that makes use of blocks and interlocks price of one block machine is N1,500,000 or, Peanut Coating Machines for small and medium scale productions of finely coated peanuts. small size is N160,000 medium size is N280,000 1 Like 1 Share
|
Re: What Type Of Business Can I Start With ₦4M by incometeacher: 12:47pm On Dec 11, 2020 |
Bro invest in the technology industry. Here are 3 lucrative technology businesses you can get into • Cryptocurrency mining: You can get your own personal cryptocurrency miners, a computer or two, a space to assemble your tools, ensure you have an AC in the room to ensure the machines are not overheated. You can mine $100+ worth of cryptocurrency daily using this method. I’m not time you will recover your initial investment and the rest of income generated will be profit. • eCommerce: Pick up an untapped niche market, import products from abroad, brand your products, do digital marketing. www.affipedia.org can help with that. • Dropshipping: This is similar to eCommerce but in this case, you’re not going to need to handle the goods in tangible form, just get a supplier, spike your price up, sell, advertise and get orders. Once you get an order, simply pay the supplier the original amount for the product and deduct the rest as your profit. E.g: You’re selling a touch worth $2 for $8, $2 is for the supplier and $6 is for you. All these businesses make profit in $ and not Naira, so you understand where I’m coming from. Stand out from the crowd and you will succeed. There are a whole lot. Send an email if you’re interested Mrihiabe at G mail dot com |
Re: What Type Of Business Can I Start With ₦4M by koko3: 12:48pm On Dec 11, 2020 |
Bread. Either Agege or the sliced bread. I do not have Financial Projections for this but for Egg Production, I've that. austinofo: |
Re: What Type Of Business Can I Start With ₦4M by michjunior: 12:48pm On Dec 11, 2020 |
MondayOsunbor: just because your Uncles are wicked does not mean every other uncles are also wicked... my own uncle is not wicked 1 Like |
Re: What Type Of Business Can I Start With ₦4M by Fvckhypocrite(f): 12:49pm On Dec 11, 2020 |
Re: What Type Of Business Can I Start With ₦4M by pacespot(m): 12:49pm On Dec 11, 2020 |
Someone has said it all, ask your uncle first for the business idea, you can learn more from others. if your uncle can make this much to be able to lend or give you N4m, definitely he knows where the market is. 1 Like |
Re: What Type Of Business Can I Start With ₦4M by Mandyoluchi(m): 12:50pm On Dec 11, 2020 |
Rice business is the best. Na my field. Go north buy am, process and bag am. Send am go south. Two weeks time you go back market. Very easy business. U can use ur spare time for other things. Foreign rice na contraband till tomorrow. People are entering that business wella. 1 Like |
Re: What Type Of Business Can I Start With ₦4M by UkBalesNig(f): 12:51pm On Dec 11, 2020 |
When you finally decide on what to do. Please use just 1M out of the 4M to try the business so if it doesn't work out, you won't be stranded. Business is full of uncertainty 4 Likes |
Re: What Type Of Business Can I Start With ₦4M by Gift96: 12:51pm On Dec 11, 2020 |
You can go into importing and exporting of crude |
Re: What Type Of Business Can I Start With ₦4M by Danny50: 12:52pm On Dec 11, 2020 |
Recharge card |
Re: What Type Of Business Can I Start With ₦4M by poseidonsaiz(m): 12:52pm On Dec 11, 2020 |
TheSparrow: |
Re: What Type Of Business Can I Start With ₦4M by joey150(m): 12:53pm On Dec 11, 2020 |
RedPanthar: How about you draw yourself a business plan and make 50% returns annually? Except of course you're selling snake oil. |
Re: What Type Of Business Can I Start With ₦4M by Risingsunn: 12:53pm On Dec 11, 2020 |
sylve11:take this advise and thank the poster later 1 Like |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (13) (Reply)
Nigerians To Start Paying For Bank Deposits In 2020 / Should I Give My Oga The N1.3M I Saved From His Business Or Do I Keep It? / Invest And Export Timber ( Kosso Wood ) And Earn Dollar Into Your Account.
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 69 |