urban business ideas - GOOD NEWS NIGERIA https://goodnewsnigeria.com ...Since 2011 Sat, 27 Dec 2025 17:20:53 +0000 en-US hourly 1 https://goodnewsnigeria.com/wp-content/uploads/2024/11/cropped-logo-1-32x32.jpg urban business ideas - GOOD NEWS NIGERIA https://goodnewsnigeria.com 32 32 Power Bank Rental Kiosk – How to Profit from Nigeria’s Power Problem https://goodnewsnigeria.com/power-bank-rental-kiosk-how-to-profit-from-nigerias-power-problem/#utm_source=rss&utm_medium=rss&utm_campaign=power-bank-rental-kiosk-how-to-profit-from-nigerias-power-problem https://goodnewsnigeria.com/power-bank-rental-kiosk-how-to-profit-from-nigerias-power-problem/#respond Sat, 27 Dec 2025 17:06:57 +0000 https://goodnewsnigeria.com/?p=2326 1. Overview Rent portable power banks to students, office workers, and commuters in busy areas. Frequent electricity outages create steady demand. 2. Market Opportunity 3. Startup Cost Breakdown (₦) Item…

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]]> 1. Overview

Rent portable power banks to students, office workers, and commuters in busy areas. Frequent electricity outages create steady demand.

2. Market Opportunity

  • Target customers: Students, office complexes, transport hubs.
  • Trend: Nigeria’s electricity inconsistency fuels high daily demand.
  • Competition: Low, especially in crowded areas.

3. Startup Cost Breakdown (₦)

ItemCost (₦)Notes
Power banks (10 units)50,000Small portable units
Charging station10,000Cables, adapters
Kiosk setup15,000Small table, signage
Marketing5,000Flyers, social media
Total Startup Cost₦80,000

4. How to Earn ₦100k Monthly

  • Rent 10 units/day at ₦500 each → ₦5,000/day
  • Monthly revenue (25 days): 25 × ₦5,000 = ₦125,000
  • Subtract charging & maintenance (~₦25k) → Net Profit: ₦100k/month
  • Marketing: Street visibility, social media, word-of-mouth

5. Profit Projection

  • Startup recovery: 1st month
  • Monthly net profit: ₦100k
  • ROI: 125% first month.

6. Challenges & Tips

  • Challenge: Theft or damage → Require small deposit per rental.
  • Tip: Expand units as demand grows for higher profit.

7. Feasibility Verdict

High – Low startup, high daily demand, easy scaling.

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