Top 10 business ideas in Nigeria you can start with 100,000 Naira

TRIBUNE

In a country where economic deficit and unemployment have become the order of the day, conceptualizing a business idea in Nigeria and subsequently starting it can be likened to a goldmine which offers an opportunity for people to tap into a better livelihood.

According to Statista.com, a total of 32.5% of Nigerians were unemployed in 2021, with a forecast unemployment rate of 33% in 2022. 

Apart from being a gateway to self-employment and helping to put an end to job hunting, starting a private business from various business ideas also comes along with several advantages which include but are not limited to: 

• Unlimited freedom 
  Unlike working under someone or organization, where your mode of operation and work is being dictated by your boss/superior, personal l business gives you the privilege to work at your own pace and with ease. This is most suitable for people who may not have what it takes to work for a company due to certain conditions such as old age, underlying medical issues, limited time, etc.
• Fulfillment of dreams and ambition
  Getting a job is one thing, getting a dream job is another. While the former may be a little bit difficult, the latter is almost next to impossible to come by. We live in a country where a majority of people do a job they don’t really want or because they have no option. But with a proper business idea and conceptualization, one can fulfill his/her lifetime dream by starting a business that is in line with such a dream.
• Financial freedom
  Financial reward is yet another importance of starting a personal business. It is no longer news that most employers in Nigeria pay their staff peanuts for salary. The prices of commodities are on the high side, and the money being paid to the average worker is far from being enough to cater to their daily needs. A good business idea when materialized is capable of turning things around and subsequently giving financial freedom to the originator.

From the foregoing, it can be deduced that having a business idea and materializing it is of immense importance for whosoever deems it fit to give it a shot.

While there are many constraints to starting a personal business, capital to start with remains a major constraint.