business to start with little capital in Abakaliki
If you are a business man or a fresh graduate looking for any business to start with little capital in Abakaliki, Ebonyi state capital, this post gets you covered.
Starting a business does not always require millions in capital. In a place like Ebonyi State blessed with natural resources, a growing population, and expanding economic opportunities, you can start small, grow steadily, and eventually build a profitable venture. Whether you are a student, a fresh graduate, or someone looking to escape unemployment, here are some of the best businesses you can start with little money in Ebonyi State.
Table of Contents
Business to Start with Little Capital in Abakaliki
1. Cassava Processing
Ebonyi State is widely known for agriculture, and cassava is one of its leading crops. You can start small by buying cassava from local farmers and processing it into garri, fufu, or cassava flour.
- Capital requirement: ₦50,000 – ₦150,000
How To
- Go to local markets and source cassava tubers. It is always very cheap.
- Process the cassava tubers into garri and package in clean sacks
- Transport to big cities like lagos, Abuja, Port-Harcourt where it is sold at high prices
- It is advisable you sell in bags, it is faster and easier
- Network with foodstuff vendors and hotels which will be standby buyers
2. Mobile Food Vending
Mobile food vending is one of the business to start with little capital in Abakaliki with little capital; Selling ready-to-eat meals like rice, beans, yam porridge, and snacks to workers, students, and traders can be highly profitable. You don’t need a permanent shop, just a portable stand or food warmer.
It is most feasible around university campuses like FUNAI, EBSU, AI-FPU, Ikwo college of Education etc
- Capital requirement: ₦30,000 – ₦100,00
3. Palm Oil Trading
Palm oil production is huge in Ebonyi State, and prices fluctuate across the year. Buying in bulk during the harvest season and selling later at a higher price can yield good profit.
- You can also chose to buy palm fruits and process them to palm oil before transporting to cities for sales. Network with local populace, they will help you source the palms.
- You can also buy palm oil around June to November and sell it from late December to April. Prices of palm oil is always higher within those peroid
- Capital requirement: ₦50,000 – ₦200,000
4. Phone Accessories Sales
This is a very high paying business to start with little capital in Abakaliki. From charging cables to phone cases and earphones, small-scale phone accessory business can be started in busy markets like Abakaliki Main Market or Kpirikpiri Market.
- Connect with the likes of Paul Feng who is expanding his telephone accessory hubs around South east and entire Nigerian market.
- Capital requirement: ₦30,000 – ₦100,000
5. Poultry Farming (Small Scale)
You don’t have to start with thousands of birds. A mini poultry with just 20–50 broilers or layers can grow over time.
You may be qualified to enjoy the state government agro business empowerment programs
- Capital requirement: ₦70,000 – ₦200,000
6. POS (Point of Sale) Business
If you have a good location an you are looking for a business to start with little capital in Abakaliki, POS businesses is still thriving especially outside the capital where there is limited banks and ATMs, POS services are in high demand in Ebonyi State. You can start with a small booth or even operate from your home.
- Visit your bank and request for POS, You can also request for Opay or Moniepoint POS
- Capital requirement: ₦50,000 – ₦150,000
7. Groundnut and Rice Packaging
Ebonyi State is known for Abakaliki rice, and groundnuts are widely grown. Packaging them in clean, attractive bags for sale to urban markets or even online can be a lucrative niche. It is the most popular business to start with little capital in Abakaliki among students.
- Ebonyi Rice Mill is fully operational. You can buy raw rice immediately after harvesting and take it to the mill for processing
- You can register your brand, brand your sacks or silos and use it for your packaing
- Transport to cities and sell to already waiting customers
- Capital requirement: ₦40,000 – ₦120,000
8. Second-Hand Clothing (Okrika)
Selling fairly used clothes is a profitable venture, especially in student and low-income areas. You can start with just a bale or a selection of specific items like children’s wear or jeans.
- Capital requirement: ₦30,000 – ₦80,000
9. Fish Farming (Small Pond)
Another business to start with little capital in Abakaliki is fish farming. If you have access to a small plot of land or even a large tank, you can start catfish farming.
You can also get big water tanks and use it for fish ponds. Fish business has high profit yields of over 200%
Get the fingerlings and feed them with food remains and special formulas available in commercial quantity
- Capital requirement: ₦70,000 – ₦200,000
Also read: Top 5 Businesses Fresh Graduates Can Start in Nigeria to Become CEOs Instead of Job Seekers
Deciding a business to start with little capital in Abakaliki, you must first consider the location, services in demands and the ease of sourcing products and getting it to the end users
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