If you are reading this post, then I believe you are one of the lucky N-power beneficiaries in Nigeria and in this article, you will discover some business ideas you can invest your N-power stipends into.
After the introduction of Nigeria N-power, several Nigerians has benefited from it by receiving stipends every month.
N-power Nigeria has helped several Nigerians to cope with the high rate of unemployment in the country.
Although the N-power stipends are not too big, however, as the name stands for, it is meant to empower Nigerian youths. And if you can make a wise investment as an N-power beneficiary, then you can get financial freedom.
10 Business Ideas For N-power Beneficiaries
Table of Contents
Here are good business ideas our team at Infotips wants several N-power beneficiaries to consider investing their funds into.
1. Poultry Farming
This is a lucrative business idea you can easily start with capital as little as 20,000 and you can subsequently invest other N-power stipends into. This will make the business grow in a short period.
There are several types of poultry birds you can rear such as turkey, geese, quail, chickens, etc.
You can learn how to start a poultry business here
Related: How to Start and Finance Business Ideas
2. Barbing salon business
The barbing salon business is a very lucrative business idea in Nigeria presently. I know the N-power stipend fund of three months can’t open a standard barbing salon. However, if you strategize well enough you can save your stipends for several months and open your salon business.
Related: How To Start a Barbing Salon Business
3. Selling bales of Okrika
The Okrika business is a good business you can easily invest your N-power stipends into. Because there is a high rate of inflation in the price of things in Nigeria and the low standard of living. Most Nigeria patronizes Okrika products because it is cheap.
Related: How To Start a Small Scale Okrika Business in Nigeria
4. Blogging
You can easily start a blogging business. All you need is the ability to write good posts, a laptop, and internet access. Similarly, you need to purchase a domain name and pay for hosting.
It is relatively cheap to own a blog these days and with the N-power Nigeria stipend, you can easily pay for your web hosting and buy your domain name. You can learn how to set-up your blog by Google searching it.
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5. Freelance jobs
This is a good business idea you can start also. Even with little funds, you can start this business. All you need is a good personal computer and internet access. You can register on freelancing platforms like Fiverr, Upwork, Toptal, 99 design, Freeeup, etc. and make good money from doing freelance jobs.
Related: Freelance Jobs Online: 9 Best Freelancing Platform in 2019
6. Photography business
If you have good eyesight for capturing important events, then, you can become a professional photographer and earn from it. All you need is a good camera and some other photography kits. If your pictures are really good, you may get noticed by other big potential clients.
Related: How To Start a Profitable Photography Business
7. Catfish farming
You can easily start a catfish business. There are several catfish joints in Nigeria that will pay you good money once you harvest your catfish after farming them.
It is not that expensive to start a small scale catfish business in Nigering. Therefore by saving like 2 – 3 months of your N-power stipends you can easily start this business.
Related: How to Start a Profitable Catfish Farming Business
8. Laundry business
You can easily a start laundry shop. All you have to do is render laundry services such as washing, drying, and ironing of clothes for customers. You can start manually however, buying a washing machine if you have the funds to invest will increase your chance of making good money.
Related: How To Start a Laundry Business in Nigeria
9. Cake and Pastries
If you have baking skills then you should consider investing your N-power Nigeria stipends into the cake and pastries business. There are several events in Nigeria such as weddings, birthdays, graduation, anniversaries, etc. that can patronize one you get noticed.
10. Mini importation business
It’s not really hard to import goods from abroad these days. You can easily start your mini importation business in Nigeria with your N-power stipends and make good money from selling them here in Nigeria.
Conclusion
I have shared business ideas you can start with your stipends I hope henceforth as an N-power beneficiary you will not complain of how small your stipends is rather, you will choose a business from this list you can start and give yourself a standard of life.
You are free to drop your comment in the comment section and also ask questions if you have any.
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Read also:
- Plantain Farming Business Idea in Nigeria
- Pig Farming Business Plan and financial analysis in Nigeria
- The Most Lucrative Agribusiness Ideas in Nigeria
- Poultry Farming: How to decide between meat or egg production
