Haulage & Truck Logistics Business

A single 10-ton truck on haulage contract earns ₦300k–₦1.2m monthly. FMCG companies, cement companies, and agricultural traders all need reliable truck partners constantly.

Monthly Potential

₦300k–₦600k

Difficulty

Advanced

Capital Needed

₦8,000,000

Income Period

Per Month

🧠 Skills You'll Need

High Capital High Return Asset

📍 Works Best In

Lagos Abuja Port Harcourt Nationwide

🚀 How to Get Started

1

Acquire truck: new (₦8m–₦20m) or fairly used (₦2m–₦5m) — inspect thoroughly before purchase
2

Register company with CAC and get road worthiness certificate, permits
3

Apply for contracts: Dangote, BUA, Lafarge, Nestlé, Coca-Cola logistics tenders
4

Join: Association of Logistics Truck Owners for route allocation and industry contacts
5

Manage driver carefully — CCTV in cab, GPS tracker, and strict maintenance schedule

🎓 Sign Up Free to Get Haulage & Truck Logistics Business Course

💰 Ways to Fund This

NIRSAL Microfinance Bank — AGSMEIS (Agri-Business/SME Investment Scheme)

₦500,000–₦10,000,000

Microloan

Nigerian SME or agribusiness owner; must complete a NIRSAL-approved Entrepreneurship Development Institute (EDI) training and get a completion certificate before disbursement.

📊 9% per annum interest (non-interest/Sharia-compliant option also available) — well below commercial or fintech rates. Up to 18-month moratorium before repayment starts.

🌐 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 Industry (BOI) — MSME & Sector-Specific Loans

₦250,000–₦10,000,000

Government Fund

Registered Nigerian business (CAC registration typically required); requirements vary by specific BOI scheme (manufacturing, women, youth, etc.).

📊 Government-subsidized rates, typically well below commercial bank rates — 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.