Water Borehole Service

Alimosho, Badagry, and Ikorodu have the worst pipe-borne water supply in Lagos. Sinking a borehole and selling water at 100200 per drum or 5001,000 per trip to a community of 500 households earns 50k–150k/day with almost zero running costs after setup.

Monthly Potential

₦50k–₦150k

Difficulty

Beginner Friendly

Capital Needed

₦300,000

Income Period

Per Day

🧠 Skills You'll Need

Technical Know-How Reliability Tools/Equipment Local Reputation

📍 Works Best In

Lagos Abuja Port Harcourt Nationwide

🚀 How to Get Started

1

Research the local water borehole service market in your area — pricing, competitors, and demand
2

Start small: test with minimal capital before committing fully
3

Build relationships with 2-3 reliable suppliers, partners, or first clients
4

Market via WhatsApp Status, Instagram, and word-of-mouth in your target area
5

Reinvest early profit into scaling — more stock, more capacity, or more clients

🎓 Sign Up Free to Get Water Borehole Service Course

💰 Ways to Fund This

National MSME Awards Grant (FG "Renewed Hope for MSMEs")

₦100,000–₦5,000,000

Grant

Registered or registering Nigerian MSME (CAC registration usually required or fast-tracked). Application windows open periodically, not year-round.

📊 Non-repayable grant — no interest, no repayment.

🌐 Apply

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

NIRSAL Microfinance Bank — Amazon Loan (women-owned businesses)

₦100,000–₦1,000,000

Microloan

Group of 5–10 women forming a business group; designed to remove collateral barriers women commonly face at commercial banks.

📊 Reduced/subsidized interest with relaxed collateral requirements versus standard bank loans — confirm current rate at application.

🌐 Apply

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