Nigeria is a big country lacking good leaders that terminate youth's financial empowerment completely while there is no good paying jobs powered by government, this has lifted poverty in the country by 20%. We have notice about 70% Nigerians want to start their own business due to lack of jobs and youth empowerment. We have put together this list of small businesses to start in Nigeria with 5K or 10k



We notice getting loan is not that much easy process if you don’t have any business or some thing that could stand as collateral for you, therefor this makes it almost impossible for up coming entrepreneurs to get loan of good amount that could establish standard business at the beginning.



This list of business will help you to get started. All the business ideas listed on this post are businesses that someone can easily start with 5000 Naira to 10000 Naira



Remember it is far better you have something doing than begging, no mater how small your business is, it's far better than begging. There are so many business one can start with 5k to 10k but i will be listing just few of them here which i think are more lucrative in Nigeria.



1. London Used Cloths (OKREKA)



Okreka are used clothes that are being imported from other countries. About 60% Nigerians wore okreka but you won’t know because they are first class okreka. the facts is that you won’t be able to differentiate okreka from new clothes if joined together. Many boutique in Nigeria stock their shop with okreka and sell them at higher price.



Starting this business is a good idea for Lagos residents and some other populated places in Nigeria. This is the most currently moving business in Lagos which the youth venture into, and it yielding good amount of profit. This business doesn’t required shop to start with if you don’t have the cash, no worries. If you have been to Lagos or live in Lagos then you should understand better why you don’t need a shop to start okreka business.

The people in this business are merely find in popular areas of Lagos such as railways. All they do is arrange the cloths on top of a wide nylon or table. This business doesn’t even required full day and won’t disturb you of your other daily activities. The main appropriate time for this business to start is during the evening when workers are returning from work at (4:30pm-7:30pm).

Buying Okreka cloths bell cost from 10k to 20k and you could find more than 200 pieces of cloths inside a complete set.

The people selling this cloths sell them from the rage of 500 Naira to 1200 Naira. Now if you have a set of cloths bought for 10k and find 200 cloths worth of 500 Naira each, how much will be your profit? if we should calculate it 500 x 300 = 100,000 Naira – 10,000 Naira which is your capital = 90,000 Naira – 4,000 Naira for transportation = 86,000 Naira , wow definitely you will make 85k profit in less than two weeks if you are smart and God is in your side.



Which Nigeria company are ready to pay their workers such salary this days? Note, to succeed in this business you must have to terminate any act of shame in you. you have to act smart calling customers, shouting etc. You have to take it as your means of survival, since you are not stealing you definitely have nothing to be ashamed of.



2. Pure water/bottle water business



If you are living in a populated place such as Lagos then pure water business could be a very good option, this business doesn’t required a lot of start up capital. with just 3000 Naira to 5000 Naira you can start this business in a stable way.



You don’t have to hawk yourself. All you have to do is meet with those people selling pure water/table water along the road and tell them that you are willing to sell to them at a lower rate from the normal price they are buying.



Even you can get those jobless beggars in your area to hawk this sachet pure water for you and on every bag sold they get N50 naira on it while you keep the rest. Afford their lunch, and try to be kind to them, get them a hocking bowl. You can include table waters and caned drinks such as team drink etc. those people hocking sell more than 20 bags of pure water daily if God be for you.



You can get as much as hawkers up to 10 or 15 of them to be selling for you on different location in Lagos, you will be making up to #3000 from this business daily, it highly better than begging or being jobless. The cost of pure water at wholesales is currently 80k per bag.



3. Buying And Reselling.



This is one of the business many people don’t know much about in Nigeria, There are only few people in this business and they are really making it, This business is profitable more than you can ever think and the good part of it is that you don’t have to under goes factory working stress. No shop is needed, this business requires a start up capital of up to 10,000 Naira or above depending on the item you will be dealing on.



This business is the act of sorting for items to buy online and sell them again online. The profitable side of this business is buying already used properties that you can resell and make good money. Phones and computers are the main target items of this business if would like to make good amount of profit.



The secret is that, so many reasons prompt people to sell their current mobiles or laptops, some reason are because of urgent needs for money to solve another issues that is more vital to them than their property. Therefore they will put that property for a very cheap price to be able to get a buyer faster.



All you have to do is meet with the seller and confirm that the item is working 100% perfectly and also be sure the property belong to him/her. Buy item and re-post it for a higher amount of 10k more profit.



The best place to do this business is Olx.com, jiji.com and efritin.com.



You will be able to sell that item as fast as even that the same day or the next day.



Keep repeating this till you could be able to rent your own shop. It a cool business and some wise entrepreneurs are really making it greatly with this business now, because it still very new in Nigeria.