The amount of capital required to start a food business in Nigeria can vary depending on a number of factors such as the type of food you intend to sell, your location, and the size of your business.
However, in general, you can start small food business in nigeria Capital between ₦50,000 and ₦200,000. This amount should be enough to cover the cost of buying bulk food, renting a small space, and buying basic equipment like scales, bags, and containers.
If you plan to operate on a larger scale, you may need higher capital of around 500,000 to 1,000,000 or more. This amount should include the cost of renting a larger space, hiring staff, buying more equipment and buying a lot of food.
It’s important to note that the success of a food business also depends on other factors, such as product quality, marketing strategies, and the ability to manage finances effectively. So while having good capital is important, it is not the only factor that determines the success of a business.