If you’ve landed on this article page, you’re probably searching for a
good business idea—an idea that’s light on the pocket but heavy on
returns, promising both a fulfilling journey and potential profit.
| How to
start a lucrative security company in Nigeria
A private security company is
a business entity that provides armed and unarmed security
services to private and public clients. It is an organization
incorporated for the sole purpose of protecting lives and
properties. It is a business corporation that provides armed and
unarmed security services to private and public clients.
The National Bureau of Statistics
in its 2023 Private Security Guards Data recorded that 1,810
registered private security companies employed at least 928,502
people in Nigeria from 2021 to 2023. This data was supplied by
the Nigeria Security and Civil Defence Corps (NSCDC), the agency
authorised by law to supervise private security guard companies
in Nigeria.
Starting a new business is never
easy, it involves lots of preparation, steps, strategies,
finances and other relevant needs.
The demand for security guard services is on the rise due
to the increasing need for protection of assets and personnel
from various security threats and potential criminal activities.
Criminal activities have been on the rise at an alarming rate in
the past years in Nigeria and the one of the ways to prevent
this is by acquiring the services of a security guard company.
One of the key factors driving
growth in the private security services market is rapid
urbanization. The movement of people to urban areas has
increased in the last few decades. The shift is more prominent
in emerging economies, as most people find better employment
opportunities in urban areas compared with rural areas.
Licensing Category and Fees–
there are two categories of license. separate licensing
applicable for the categories are as follows:
For category B, you cannot have
more than 3,000 guards. The license fee is the sum of N2,500,000
(Two Million Five Hundred Thousand Naira).
It is advisable for a
new start-up to specialize in one or two areas in order to
provide excellent services. Providing excellent services will
grow the reputation of the business therefore leading to growth
and expansion, after which they company can decide to indulge in
other services.
Location: Another aspect in
providing security guard services is considering a good and
suitable location for your business.
As a business owner, you will need to analyse and
identify where your services are required the most. Take for
example, starting a security guard services in a very rural area
will lead to the closure of the business because people there
will rarely patronise you.
Body guard services and CCTV monitoring are highly
demanded in cities or states like Lagos, Abuja, and
Port-Harcourt. This will also serve as a place where
administrative duties are carried out
Various equipment used by
Security Guard Services Company includes: A walkie talkie,
special microphones that will be used as a means of
communication between staffs. A tool belt to hold a fire arm,
taser gun other items in order to make the hands free. Uniforms
with your company logo that will allow your business appear
professional
Hire and train employees:
The business owner cannot perform all the services and will need
hire personnel. This is another step that may make or break
your company when done wrong. The business owner must invest
time into hiring both experienced and new security guards and
managers. You’ll also need to run background checks on potential
security staff to confirm they have a clean criminal background.
Personnel can be gotten through.
If you hire 100 staff and their
salary in a month is N75,000 naira to N250,000 naira in a month
depending on the clients you dealing with. As a
security company , you’re entitled to N20,000 to N50,000 every
month as an administrative fee for each of your security
personnel. This will add up to N2M to N5M take home pay every
month. This figure can be more if you have up to 1000 security
personnel in your payroll
Launch your business and maintain
your reputation; After all the above steps have been taken, the
final step to take is to launch the business and maintain a good
reputation with customers by delivering excellent services.
After getting jobs, words will spread about your company and the
value of its delivery. If the security guard
services company has a good value delivery, it will give them
the edge over all their competitors
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