Would you want to start a business in Nigeria with low capital? If YES, in this article you’ll see 100 best small scale business ideas & investment opportunities that will make you rich in Nigeria.
There are over 1,000 business ideas that can make you rich in Nigeria but you’re not looking hard enough. Nigeria is a big market, it is the economic capital of Africa to be exact. You can capitalize on this and create wealth for yourself.
Why looking for a job when you can create one! I believe the ideas listed in this article can work anywhere in Nigeria. Like all businesses, you must face setbacks but with extra effort and persistence, you can succeed anywhere you start any of this business in Nigeria.
Lucrative Business Ideas In Nigeria
Nigeria is a giant goldmine and more. Ideas in the article are from personal experience. I’ve got a small list of 100 hot small scale business ideas to start in Nigeria, if you’re ready, here they are:
Online Advertising Agency
Over 400 billion dollars was spent online on adverts in 2018. This business is taking over the world from blogs to facebook, social media, websites, newspapers and search engines and I’ve even thousands of adverts on apps and games.
With this business, you can easily become rich in Nigeria. Setting up an online advertising agency helps you take advantage of this opportunity and has wide income potential.
Security & Tracking Services
Urbanization comes with its advantages. Unlike bouncing and security services with you have to do the physically, here the machines do all the work.
Selling, repairing and installing CCTV cameras, stun gun, GPS trackers, pepper spray, taser, lasers, alarm systems, car trackers, mobile tracker, and other security gadgets have proved to be profitable especially in areas with high crime rates and elite society. You can make millions of Naira from this business monthly.
You might be thinking there is not much to export in Nigeria but sadly you’re wrong. Exporting raw material is one of the most profitable international trades around Africa.
Exporting raw materials like Cocoa, green vegetable, vegetable oil, yam, cassava, palm oil, etc just name it, all these items are in high demand outside the nation. Picking a niche in this trade and becoming dominance in it that makes you very very rich in Nigeria.
Public Relations Services
If you do know how to engage the public then this skill is ideal for you. You have tons of jobs everywhere from celebrities to governors and even businessmen as your prospective clients, whose profile you’ll handle. This fast-rising business opportunity it’s one of your best bet to financial freedom.
Nothing says easy money like agriculture making staple food like rice, cassava, potato, beans has a high build a massive network for farmer & agriculturist especially here in Nigeria. You can start up your backyard farm and start earning a couple of bucks for yourself
Alcoholic drinks are kind of a necessity in special events & celebrations. People have different tastes and choices from Star Lager beer to Guinness, Origin, etc.
This business idea is low start-up biz with high-profit potential. Setting up your brewery is a game-changer. This business idea can turn your life around.
Showbiz and Entertainment
About two hundred and fifty million Naira is gathered from showbiz and entertainment nationwide. There is a lot of money stuffed in this industry and if you play your cards right, you can tap a couple of bucks this business.
Creating entertaining music, movies, videos or posts on social media is a game-changer. Although it often requires large start-up capital, it pays in long and short runs.
Juice & Beverage Production
This another great passive income idea that you are sure to love. Starting up a juice factory as an alternative to beer or as diversification for your beer factory this is one hot business idea that will surely make you rich.
The transportation business is another big business in Nigeria. Tricycles (Keke Napeps), motorcycles (Okada), taxis, Volkswagen buses (Danfo) all these are common transport vehicles around us and most of these vehicles cost less than ₦300,000. You can purchase one of your choices and start making up to ₦10,000 daily
Nigerians love the sport from football to basketball, boxing, golf, cycling, etc. A sports instructor/coach you have a wide array of customers waiting and trying to get your attention as long as you have the qualifications and their confidence. You’ll be rich especially in football and basketball that are by far in high demand.
The movie production business has become a mega business in Nigeria. A multi-billion dollar industry. Movie Production is a lucrative business in Nigeria that can be started with small capital.
Nollywood has become a source of profit for both actors and film producers. Gathering a few bucks from this business will sure set you for life. I believe a Nigerian can make a movie as good as Game of Thrones.
Selling Car Spare Parts
In Lagos alone, they are over 2 million vehicles moving around, In this business, you cannot run out of customers as long as you’re in the right place. Parts like tire rims, brake pads, engines, windscreens, doors, and batteries are highly sorted after.
Selling car spare parts is one of your best bets for financial freedom. Vehicle parts are always in high demand, especially in populated cities. It has proved to be lucrative in most cases and a single trade can fetch profit of up to ₦35,000.
Set-up a Filling Station
Vehicles and other machines need petrol to stay operational. Setting up a filling station is another bright entrepreneur idea that will make you rich in Nigeria. This is another viable business ideas in Nigeria.
Whether you set up your filling station on a large scale or a small scale, selling petroleum products is a sure way to make money especially fuel and diesel in high demand in Nigeria.
Ikea is one of the biggest furniture makers in the world. It is now a global brand. Anything that will bring out the beauty of a home sells easily in Nigeria. From Tables to cushion chairs, cane chairs, iron chairs, bed frames, etc. sells fast in Nigeria. This is one of the best businesses to invest in Nigeria.
Selling cars, vehicle and other automobiles have proved to be profitable in Nigeria. Like I said earlier, over 5 million vehicles are moving around in Lagos alone starting your car dealership early enough can fetch you a nice amount of profit.
Grocery Store and Supermarket
Setting up a grocery store in your area is another good Entrepreneur idea to start making money. It can also act as a passive income for you. This is one of the best businesses in Nigeria you can start anywhere you can start small and increase your size and the capacity of your words over time.
It’s not wondering why there are so many hotels in my Neighborhood. This business idea is always fresh. Some people can spend up to ₦100,000 for just a night in hotels, bars, and lodges. it’s no wonder why hotels keep springing up here and there.
Selling Building Materials
Places like Ikotun, Oshodi, Ojo Alaba and Oduade have been making money selling high-quality building materials from toilet seats to POP, steel, frame, cement, and plastic pipes, tanks, metal rods and so on.
This business is always booming and one of the best business ideas for you. You can also talk to a contractor that you can supply the material they need and make millions in days.
Real Estate/Property Flipping Business
This is one of the best one of your best bet to financial freedom. In the real estate biz always seems to output profit in both short and long runs.
This business is surely one of the fastest ways to get rich in Nigeria. This entrepreneur’s idea for Nigerians can make you very very wealthy in a matter of days.
This is another cost-efficient business idea for you. If your location is strategically placed along an expressway then the rest assured that you’ll be making up to ₦30,000 daily.
You can easily own a car wash and hire boys that would do the heavy lifting for you. This is another smart business idea for Nigerians you should consider trying out.
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Laundry & Dry Cleaning Services
This is another amazing business that you should try out. This is a business you can start with to start with 20k and still offers good profits and is one of the most lucrative businesses in Nigeria. A Laundromat is easy to start up business and cost-efficient. Professional dry cleaners make a handful of money daily.
If real estate is too much for you, then investing in landed property is your alternative. Landed properties will always appreciate especially in the long term.
You can start by buying cheap land in Lagos, Abuja, Kano… and reselling it when the price appreciates. You can invest in landed property by renting and/or selling an already built house to make money.
Set up a Private Institutions
it’s not new news that owning a school can easily make you a millionaire in Nigeria. Back then in secondary school, my class alone made an output about ₦700,000 per term. If you have enough money you can set up your school and start making it.
Importing goods into the country is one of the easiest startups business in Nigeria with massive benefits and income potential.
International trade with China, America, Uk and South America has proven to be very very profitable especially car gadgets, health products, and mobile devices.
This is another superb business idea for you. Writing and publishing comics, series, storybooks, and scenes for movies is a great start to financial freedom.
If you don’t have the money to produce your film, you can sell the script and still have full credits for it. You need to let you writing skill go to waste.
Do you have any extra specific/generic knowledge in any niche? Then open up a consultancy firm. This is one big business idea that you would not want to miss.
This business idea can fetch you a lot of money especially in areas like marriage, law, agriculture, and health. You can easily make money and change lives positively from this business.
Clinics and Hospital
Setting up a clinic or a hospital in your local government area is also one of the best business ideas in Nigeria you can think of.
They’re pregnant women, injured people, sick people trooping in and out to get affordable healthcare. Saving lives becomes the duty of the day.
Setting up a Pharmacy
Setting up a pharmacy is another amazing business idea to make money in Nigeria. This business is very very lucrative. it is easy to start up and is also the best alternative if you don’t have enough money to set up a hospital.
When it comes to big events like weddings, church thanksgiving, and other events, a lot of money is usually grown to make this event perfect and event planners are there to save the day.
Don’t be deceived event planning can fetch you a lot of money. This is one of the best startups for young entrepreneurs. Event planning and services can fetch you a lot of money whether you do it on a small or large scale. This is a good business idea for ladies in Lagos.
Tailoring is one of the biggest businesses in Nigeria today. This business controls most of the fashion industry and that alone is a good reason to consider investing in it.
Both men and women spend a lot on their outfit and attires investment in this business. If you have a creative mind or can recreate a red carpets outfit, you’re sure to be popular In no time. This business can set you for life. Tailoring is another business to start with 200k in Nigeria.
Apart from making furniture, carpenters also make doors, windows, and roofs of a building. This is another entrepreneur’s idea that you can start from nothing.
Carpenters make a lot of money, forget the roadside packaging the show. The income potential of this business is quite a jaw-dropping and it can also serve as a passive income stream if diligently done.
Concrete Block Production
If you know how to mix cement and make block this is one of the best jobs for you. This business requires no special skill unlike most of the jobs on this list. You can get yourself a block making machine or 2 and save yourself lots of trouble.
With a fast-growing population, the need for shelter especially in the urban areas is fast rising and if you can provide concrete blocks and other services when needed.
Veterinary & Pet Breeding and Services
Pets are slowly becoming close members of the family worldwide. The love for a pet has somewhat tripled over the last decade especially in middle-classed and urban areas. Vet services are a hot business in Abuja.
If you know your animal anatomy or a big fan of pets, this is one of the best businesses you can invest in this country. You can start your animal shelter well you sell and treat dogs, cats, birds, and fishes. The income potential is massive you can get up to ₦100,000 per service.
Photography is another amazing business idea you should consider investing in. Taking pictures in special events & occasions is a sure way to make money in Nigeria. This business is easy to start up and as you progress, you get better. Photography is a good business idea for students at a university in Nigeria.
You can mix this with photography or diversify to this business. Video coverage has a fairly higher income potential than photography but requires far more experience. Anyways, this business idea can fetch you a lot of money especially graduates.
Bouncing and Security Services
Bouncing for clubs or working as a private security/bodyguard has massive income potential. You just need to be well built and you’re all set to go.
You can also set up a company that offers security services to interested clients. Just a CV or a massive body structure and you’re all set to start working.
Sachet Water Production
Setting up your sachet and bottle water company is one of the best ways to make money in Nigeria. This is surely one of the best side hustles in Nigeria for part-time workers.
With just 1 machine you can make up to 2,000 Sachets of water daily and up to 700 bottles of water which net up to ₦100,000. The first set of sachet water producers already multi-millionaires setting up this business is pretty easy and cost-efficient.
This is another business idea that you should try out. Bricklaying has one of the highest payment per service of all vocational works but the manual work involved is strenuous. Aside from that, this is one job that will fetch you lots of money.
If transporting people isn’t your thing, then you can start up a haulage service and transport goods from place to place. This is one of the best small business ideas for young investors to try out this year.
And the end of the day you make up to ₦120,000 per service especially when transporting foodstuff i.e rice, yam, potatoes, tomatoes or beans, and petroleum products ie fuel, diesel, Kerosene around Nigeria.
Selling Mobile Phones and Gadgets
Every single person moving around today go with at least one mobile gadget in his pocket and other accessories like mobile phones, USB chargers, Bluetooth, headset, earpiece, desktop chargers, power banks and so on selling any of these devices or accessories cash fetch to a lot of money in Nigeria.
When I said shoemaking, I’m not talking about those Aboki going around to repair shoes for ₦20. I’m talking about handmade shoes and slippers. Shoemaking is another lucrative business in Abuja.
Each of these footwear costs at least ₦3,500 for the slippers and up to ₦28,000 for handmade shoes. This business is profitable to those with the experience but very very profitable.
I’m sure that you already know how expensive good makeup is especially bridal makeups. This is a business that you can easily start up but buying the pieces of equipment toll on your finance. This is a good business idea in Lagos, Ibadan, and Abuja.
Hairdressing & making
This is another cost-efficient business idea for you. This is also one of the best side hustles for graduates. Hairdressing is easy to startup and pays fast.
Average students spend between 5 to ₦10,000 monthly on her hair and other hair product. So as a hairdresser, you have an income potential of up to ₦50,000 monthly
Phones, Laptops and Gadgets Repairs
This is a small scale business to start in Nigeria. You can repair mobile phones and other gadgets and start making quick money in Nigeria. There is no fixed price in this business, you state the price for your services and losses in this line of business is usually controlled if there is any at all.
You can simply set up your modeling agency and start earning big. Most Nigerian Youth now venture into the modeling business because of high pay and little work, if you own a modeling agency can get at least 100k monthly. You can even start on your social media pages.
Writing for blogs newspapers and other news outlets can’t refresh a lot of money especially if you write for big companies. This business is one of the biggest online business for graduates in Nigeria.
You can start today by contacting your preferred company via email, introduce yourself and tell them of your services.
Onward, Leo Smart, Lucky, Big and other brands/companies that make stationery such as books, math set, pens, pencils or graphs are now giants. This line of business can make lots of money.
Stationeries are required by almost everyone especially students. So, you have a vast range of customers just waiting for you. Making stationeries is a good investment in Nigeria.
I’ve seen welders charge over ₦100,000 for a metal gate. The welding business is good business especially in Nigeria where there is rapid urban development going on around majors centers across the Nation. his is another profitable business idea for Nigerians.
Restaurants and Eateries
Restaurants and eateries make over 40% in profit daily. This business can fetch you a lot of money just by cooking and serving meals, especially in middle-class society. My aunt had an eatery in Surulere and I am writing from personal experience, this business makes sense well well.
A boutique for selling clothes, shoes, hats, caps, trousers and even watches in malls, markets or on the street side also has high-income potential, especially for hard-working entrepreneurs. The men in Lagos Island are good examples of people that are good in this line of business.
Owning or/and finding competent staff for companies is also a nice way to make money in Nigeria. You can help companies, factories, and agencies get the workforce they need for the business for a price. This business idea is still untapped or known especially in industrial areas.
Giving tutorials to students, children and even adults is a great way to make money in Nigeria. This is another great way to meet public demand and still make money from it. With as little as two to three hours daily, You can be making up to 20k monthly.
Starting a game house close to your house or place of convenience is another amazing way to make money in Nigeria. People pay lots of money to play video games especially the PlayStation 3 & 4 consoles. I had a friend that spends ₦1,000 daily on God of War for a month. There are hundreds of people like this waiting for you.
Cleanliness is an important attribute of a healthy and environment. Those that are too engrossed in work usually employed to help them clean around which includes company and homes. This is an easy job for anyone willing to try it out.
Writing resumes, CVs and business agendas is another amazing way to make millions in Nigeria. When you become an expert at writing resumes, CVs and business plans that will help potential clients reach their goals, there is a lot of money to be made. This business idea is also easy to start and quite profitable.
Although this one requires a lot of skill and ample knowledge about basic and complex knowledge programming it still ranks as one of the hottest businesses that will make you rich in Nigeria. Programming is one business idea that would fetch a lot of money in the Nigerian market locally and internationally.
Coding and making App is another great way to make money in Nigeria. The income potential of this business is massive. If you can choose to work for someone or a company that makes an app, you still have a lot to earn.
You can also make money from Google Admob or other adverts and affiliate links placed on the app. This is not a bad way to make millions in Nigeria since everyone now carries a smart device or gadgets. You have potential customers all around you.
Catering in events, churches, birthdays, weddings and other social gatherings also fetch a lot of money to spend some money on the top and advertisement you can start making a passive income
Publishing books is a great way to make money in Nigeria. Books are by far one of the most common means of mass communication. Book publishing can make you very rich fast in Nigeria. Plus, there are many varieties of books to write, print & publish. This means the income stream of this business may never dry as long as you’re a good writer.
Starting up a radio station is one of the best financial investments in Nigeria and it is not as hard as it seems. If you are dedicated to running your FM station, you can make it to the top in no time and have your channel playing in cars, homes, and offices
Set up a law firm
You don’t have to be a lawyer to set up a law firm. You just need half a dozen or more lawyer on your pillow, set up the organization and you’re all set to go. Civil cases are been on a constant rise in Nigeria, so you’re surrounded by potential customers
Sports Viewing Centre
If you like sport and have extra space, why not try out this business. The beautiful game of football is one of the hottest sports in Nigeria. Setting up a sports betting/viewing center to watch live football games in public will surely fetch you a lot of cash especially in populated urban centers.
You can also make money from bringing good into the country. it’s as simple as that you work as an individual or company. Helping people bring their goods into the country and getting paid is a sure way to make millions in Nigeria.
Entrepot involves trading with two or more countries or re-exporting goods without packaging. This is simply the ix between imports and export. You buy from one country at a low price and resell to another that has a high demand for that commodity.
They’re everywhere around you, there are images advertising churches, hotels, factories, businesses, companies, and even government programs. This is not a bad way to start making money in Nigeria.
With a lot of videos and subscribers, you can also make more tons of money from Youtube. Just upload a video or good informative slideshow to your channel. You can monetize your channel with Google Adsense, affiliate links or even advertising other brands and businesses.
You can also make money from making videos as an alternative to Youtube. You can start an online course where people pay to watch your video, get quality/private video tutorials or other information concerning your area of expertise.
A lot of people will give anything to play a fun game much especially kids. By simply making a simple & addictive game like candy crush, You are sure to make millions. You can start by taking online courses on coding mobile games or designing your game algorithm.
Social Media Marketing
If the only thing you do on your page is to upload “cute” pictures and funny videos, then you are missing a lot. There are millions of dollars waiting for you on Facebook if only you can open your eyes. Start marketing your wares on social media, make them trend and make millions.
This is a sure way to make millions in Nigeria. Like affiliate marketing, you refer people to certain to purchase a product from a certain brand or business and get paid. You can choose to get paid per referral or upon reaching an agreed threshold.
If you are good at programming or understand the concept, you can also try merging it with website design and development. You can choose to develop Blogspot, WordPress or even Drupal sites for clients. You ‘ll need to know basic languages like Html, Php, CSS, and Java and you’re all set to make money from this business idea.
Dropshipping is another hot business allover the world. Similar to freight forwarding, dropshipping is a perfect passive income stream in Nigeria. Despite several challenges dropshipping still makes lots of people millionaires in Nigeria.
Recycling waste is another great way to make money in Nigeria. Especially in a popular city where waste piles up, you can choose to gather this “garbage” and resell or recycle for other companies & businesses. With the right connection, you can easily make millions from recycling waste.
Nylon Bags Production
Making polythene bags is another great way to make money in Nigeria. From the common black nylon bag to the super-strong sack both are required by consumers for packing and carrying their wares all around Nigeria. Making and supplying this commodity is very profitable in Nigeria.
Let’s be honest animal feed comprises over 70% kitchen waste or industrial waste so you spend little money or nothing at all if you want to start this business but gain plenty.
Making animal feed and supplying them to farmers and other people that are partaking in animal husbandry is one of the easiest ways to make money in Nigeria. Animal feed production is one of the best financial investments in Nigeria.
Although you will need to undergo serious training and read lots of ebooks and bulletin before you can succeed in this industry. Other than that, the Forex market is a great place to start making money online in Nigeria.
Trading cryptocurrencies and coin mining is a great way to make millions in Nigeria. Buying and selling cryptocurrencies is also one of the fastest ways to make money online.
A lot of people have become millionaires by simply investing in bitcoins and other Cryptocurrencies. You should also know that a lot of people have also gone bankrupt doing trading cryptos so be careful.
Selling Online Courses
Selling Online courses on Whatsapp, Facebook, forums or even on your website is a great way to make money online In Nigeria whether you sell these courses In form of an ebooks or online courses o sites like Courseera, Edx or Khan Academy.
You can also start blogging for income and start making money online in Nigeria. With the rise of Linda Ikeji and a lot of people have taken into blogging. Blogging is another passive income stream that you can easily start in Nigeria.
if you don’t like writing to get money then try selling something online to get money. Owning an eCommerce site or trading on commerce sites is another hot business idea you can start in Nigeria.
This is one of the hottest business ideas in Nigeria at the moment. You can also sell on social media or established sites like amazon, Jumia, Konga, and even Jiji.
Delivery and courier services
if you have your e-commerce store, then it will be smart to open delivery and courier services to perform waybill and delivery services to clients and other customers in the states and other customers nationwide
Set up a factory
Once you’ve set up a factory making any desired product, getting rich In Nigeria is easier than you think. You can set up a factory that makes beauty products, processed food, fabric, and even stationaries.
Yes, owing a cyber café is one of the best businesses in Nigeria. There is a wide variety of services offered at cyber cafes which include printing, online registration, photocopy, graphic designing, scanning, and typing. This is not at all a bad way to make money in Nigeria.
Owning a printing press where you can mass produce works like flyers, banners, news bulletins, ad magazines is a great way to make money in Nigeria. This is one of the surest ways to get rich fast if you have the capital to start one.
A lot of people would ways millions to get the “perfect” body. You can set up your gym or train people as a fitness instructor at a stadium close to you or your gym ad start enjoy the bundle of benefits it brings.
Your expertise in mechanics can also fetch a lot of money whether, in cars, generators sets, ac, television sets and other machine repairs can fetch you east money. You can work from home or get a shop where you ca base and start making money.
Painting and interior designs
you can also make tons of money by painting houses and giving ideas on interior designs. It is easy to start up but is best you learn it if you want to be professional.
Setting up your spa where you give treatments like manicure, pedicure, facial treatment, skin treatment, and ear a living from it. This is still an untapped business idea in Nigeria. This business can also make you rich fast in Nigeria.
Web hosting services
This is another awesome way to make money online in Nigeria. You can sell web hosting plans to webmasters ad bloggers. you just sit around and the automatic system does all the work, you make money by simply housing other people’s blogs and websites. it is a great person income idea for ay Nigerian entrepreneurs.
Disc jockey services
DJ in an event such as birthday celebration parties ceremonies and others is a great way to make money in Nigeria this business idea is born glad you thought of as long as you have the skill
There is a lot of money in giving music tutorials to parents, children and even teaching it online. if you have any experience in any musical instrument like drums, piano, flute, xylophone, violin or even a guitar, you can teach the prospective student the skills and earn money from it
Renting common items such as gas cookers, speakers, pots, and other equipment needed for festivities and celebration is another passive income stream that can make you a lot of money especially in Lagos.
You should also consider raising/rearing fish as a side hustle or as a means of income. Rearing fishes and other aquatic life to make money is another hot business idea for Nigerians and I strongly urge on to try it out.
Selling Pottery making ceramic pots, china, cups, decorations, and other clay products is another amazing business idea for skilled women in Lagos. most of these products sell faster in urban centers and have a high cost which means big profit.
Selling cane products & furniture
what is a cane product? Cae products are furniture or artworks made of wooden canes. Tables, chairs, decors ad other items made of cane are also quite pricey on the market because of their elegant build ad attractive designs.
Modeling is another good business idea for our graduates in Nigeria. if you have a good body build and elegant facial looks, you can start our gallery on your social media handle ad get a gig in no time.
Data analysis on the population o topics concerning health, food, politics has been on high demand since the past 5 decades in Nigeria. Collecting data and selling them to people who need that information like politicians, health care workers, multinational organizations is also quite profitable In Nigeria
Selling artworks is another great way to make money online in Nigeria. These works are needed for pleasure, as decor in homes, hotels and even recreational centers. you should try to make artworks if you are blessed with this gift and start making money.
You can also set up your bakery and start making money b making products like bread, doughnuts, cakes, muffins, cookies, biscuits for weddings, parties, special occasions, and other events.
Buying ad selling stocks o the Nigeria stock exchange is another hot way to start making money in Nigeria. This business has already made millions of rich ad best of all you can do it all from the comfort of your home. You can also sell stocks in the Chinese market, American stock market ad other stock markets.
These 100 business ideas can work for anyone in Nigeria. You can start today. One of the biggest questions entrepreneurs ask themselves before they invest in any business is “how much capital is needed?”
If you have the answer to this question and properly calculate your risks, you are closer to financial stability than you think. Now, which of these 100 business ideas do you love the most? Do tell us in the comment section and if you loved this article, do share using any of the social share buttons below.