GPS Tracker Installation for Vehicles

Install GPS tracking devices in cars, bikes, and trucks for theft protection and fleet management. Nigerian car theft is rampant — vehicle owners and fleet companies pay ₦30k–₦100k plus monthly subscriptions.

Monthly Potential

₦2k–₦80k

Difficulty

Beginner Friendly

Capital Needed

₦50,000

Income Period

Per Month

🧠 Skills You'll Need

Security Automotive Recurring Concox or Teltonika Trackers Wiring Tools Multimeter Monitoring Platform App WhatsApp Business

📍 Works Best In

Lagos Abuja Port Harcourt Nationwide

🚀 How to Get Started

1

Get certified by a GPS brand: Teltonika, Concox, or Eelink offer dealer training programs
2

Buy devices wholesale: ₦15k–₦30k/unit, resell at ₦30k–₦60k for consumer, ₦50k+ for fleet
3

Charge ₦5k–₦15k/month subscription for the monitoring platform per vehicle
4

Target: car dealers (new car GPS as upsell), logistics companies, and individuals with new cars
5

Build recurring revenue: 50 active subscriptions at ₦10k/month = ₦500k passive monthly

🎓 Sign Up Free to Get GPS Tracker Installation for Vehicles Course

💰 Ways to Fund This

SMEDAN Programmes (free registration, training, grant windows)

₦0–₦3,000,000

Government Fund

Nigerian-owned micro or small business. Free CAC business name registration via the CAC-SMEDAN partnership is a common entry point.

📊 Varies by scheme — many components are free or grant-based; some link to subsidized loans.

🌐 Apply

NIRSAL Microfinance Bank — Targeted Credit Facility (TCF)

₦50,000–₦25,000,000

Microloan

Nigerian household, micro-enterprise, or small business; originally COVID-era, has continued as a general SME/household facility — confirm current status before applying.

📊 5% per annum interest — among the cheapest business credit available in Nigeria.

🌐 Apply

Bank of Agriculture (BOA)

₦50,000–₦5,000,000

Government Fund

Nigerian farmer, agro-processor, or agribusiness owner, including aggregators; scheme-specific eligibility varies.

📊 Subsidized agricultural lending rates — confirm current terms per scheme.

🌐 Apply

LSETF (Lagos State Employment Trust Fund)

₦50,000–₦1,000,000

Government Fund

Lagos State resident, business plan required, typically for registered or registering small businesses.

📊 Low/subsidized interest rates for qualifying Lagos-based entrepreneurs — confirm current scheme terms.

🌐 Apply

⚠️ Informational only — not financial advice. Confirm current terms directly with each provider before applying, and borrow only what you can repay.