Highway Breakdown Recovery Service

Operate a tow truck or recovery vehicle offering roadside assistance for broken-down vehicles on major highways, a service in constant demand given Nigeria's road conditions.

Monthly Potential

₦30k–₦150k

Difficulty

Advanced

Capital Needed

₦6,000,000

Income Period

Per Day

🧠 Skills You'll Need

Vehicle Recovery Skills Mechanical Basics Fast Response

📍 Works Best In

Lagos Abuja Nationwide

🚀 How to Get Started

1

Acquire or partner to access a tow truck suited to typical car and small truck recovery
2

Position yourself along a highway stretch known for frequent breakdowns
3

Partner with insurance companies offering roadside assistance as part of their policies
4

Advertise a phone/WhatsApp emergency number at fuel stations along your route
5

Charge a flat callout fee plus distance-based towing rate, clearly stated upfront

🎓 Sign Up Free to Get Highway Breakdown Recovery Service 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.