Making money and being the boss in charge is the average Nigerian citizen’s dream, due to the bad economy we have in Nigeria, getting a job is very difficult and most don’t even pay well which is why people go into Businesses in Nigeria.
Today am going to exposing you to 40 Lucrative Buѕіnеѕѕеѕ іn Nigeria You Can Stаrt With Small or No Capital, But before that, I’d like to explain a few concepts that we often ignore while starting a business which is vital to its success.
What Most People Don’t Know About Starting Businesses In Nigeria
the business opportunities in Nigeria are almost endless but only 1 factor determines those who venture into it and that is “SKILL”.
Skill is such a big factor that scares a lot of Nigerians from starting businesses in Nigeria because many see it as a requirement but that is not true.
I’ll give you a good scenario, let’s say you wanted to start a tailoring business in Nigeria but you don’t know to tailor clothes. The steps you would need to follow are simple, first find another tailor shop around your area and screen for an apprentice that has learned and is about to leave, strike a deal with him/her in terms of salary or percentage cut per contract.
After doing this you rent a shop. Congratulations, you just started a tailoring business in Nigeria without any skills, all you need to do now is find clients and market your business. If you want Additional staff for absolutely free ( You will even be paid) then offer apprenticeship services for aspiring tailors.
Now note that this can be applied to all other businesses in Nigeria, you just have to come up with a good plan.
40 Lucrative Buѕіnеѕѕеѕ іn Nigeria With Little Capital Startup
- Drop Shipping
- Affiliate Marketing
- Mini Importation Business
- Content Creator
- Computer Training Center
- Office Supply
- Cyber Cafe
- Digital Marketing
- Unisex Hair Saloon
- Tutoring Service
- Data Reseller
- Recharge Card Printing
- Okrika Bale Business
- Music Promoter
- Home-Based Bakery
- Soap Making Business
- Car Wash
- Consultant Firm
- Website Design
- App Developing
- Advertisement Company
- Graphics Designing
- Delivery Service
- Female Hair Business
- Mobile Phone Accessories Business
- Event Management Business
- Day Care Center
- Mobile Money Agent
- Jumia Jforce Business
- Photography Business
- Betting Shop Business
- Cryptocurrency Trading
- Book Promotion
- Driving Business
- Ice Block Business
- Piggery Business
- Transportation Business
- Fish Rearing Business
Drop shipping is all about creating an online E-commerce Store where people buy things at your own price and you, in turn, buy and send it to them, you act as Middleman between big companies that sell these products and Customers willing to buy. It is very Easy to start and it doesn’t require much capital to start this business in Nigeria.
I know someone that started this business with a WhatsApp Group and is now making thousands daily.
Just like Drop Shipping, Affiliate Marketing is one of the Best Businesses in Nigeria that requires absolutely no Capital.
Affiliate Marketing is about driving sales for E-commerce Stores online i.e Jumia, Amazon, Konga etc.
After you register in one of these E-commerce platforms offering Affiliate Marketing you’ll be given an Affiliate link or a way to Generate Affiliate Links. If any customer buys a product via your link a small percentage (Some platforms offer up to 10% Commission) of the price will be paid to you.
Imagine selling a laptop worth N200,000, you could earn as high as 20K per sale. You can easily start Affiliate Marketing in Nigeria By Reading this Article: Affiliate Program – Steps of Joining and Start Making Money 2019.
Have you ever wondered why these businessmen and women in Nigeria normally say things like “Am Expecting my Goods to arrive” and some similar statements? Well, it’s called Importation business.
This kind of business requires a lot of patience and is risky at first but if you can pass through the process and learn all it entails then get ready to make millions from home as it’s among the best businesses in Nigeria.
Nigeria’s economy is bad at the moment but that is not true for other countries like China and the rest, things are cheaper there which is why Importation Business in Nigeria is very profitable, with websites like ALIBABA or ALIEXPRESS you can order for any kind of product from home in bulk and receive it 2 – 3 weeks later then sell it at the Nigerian cost price.
Blogging is the number 1 source of income in Nigeria for those who are gifted with knowledge in writing articles and is one of the easiest businesses in Nigeria to start up.
With as little as N10,000, you can set up a standard blog for a specific niche (Entertainment, E-commerce, Jobs etc.) and make serious cash over the years.
This is a Business that am into my self and have earned a lot from, the general way of earning with this is via Google Adsense Advertising program which shows Adverts on your Blog and in return pays you money monthly. the more people reading your articles the more you’ll earn.
Just like Blogging, Vlogging is another Passive income business in Nigeria which once you put in some time into, you continue to earn for years and years to come. Starting Vlogging business in Nigeria Requires No Capital per Se, but it has certain things required to start, these include:
- A Camera or Phone with Good Camera
- A Laptop To Upload and Edit Videos
- Stable Internet Access
If you have all these requirements then the next step would be to head over to a video Network like YOUTUBE and create your own channel, You can make up to N30,000 – N50,000 monthly with Vlogging Business in Nigeria.
6. Content Creator
Are you good at writing stories? or you’re a comedian with a lot of ideas, when it comes to Content Creation it actually depends on what your good at and what people might find interesting. Content creating just as it sounds like is about creating content that is really engaging and getting paid to do it.
All these Content creators above I mentioned are just normal people who create funny and informative videos and info-graphics daily and earn millions in the process.
To start this Business in Nigeria it requires NO CAPITAL, all you need to do is choose a social network to focus on, Instagram and Twitter are the two best choices as of 2019.
If you’re more of a real-life person but you’re still passionate about computers then opening a Computer Training center might just be the best option for you, even if you don’t know anything about Computers you can hire someone to teach and run the business for you.
With as little as N150,000 you can start up a standard Computer training center Business in Nigeria (Depending on your Location in the country it might cost less or more), all costs covered.
8. Office Supply Business In Nigeria
Office supply Business in Nigeria, as petty as it may seem is actually a very good source of income if you really know what you’re doing. what an office supplier does is provide easy access to common things office workers normally consume daily, these could include Dishes, Snacks, Water and Drinks, Ordering Service, Car Wash, and Maintenance etc.
The best thing about this business model is that you can start it without any capital and later expand it into a Full-time Ordering Service that provides the same service for different companies.
9. Cyber Cafe Business In Nigeria
Starting a cyber cafe is a certified way of making legit cash & is considered a lucrative business in Nigeria, the number of customers you get daily can be as high as 400 – 500 or more people depending on your location and time of the year.
JAMB registration, WAEC registration, NECO registration, Air force and Prison Service registration etc. are among the countless ways you get customers. In fact, many Cyber Cafes suffer from crown during certain kinds of registration.
Unlike some other Nigerian businesses on this list, this one requires a large amount of capital to start and maintain because of the countless requirements you are going to be needing. It’s always best to start small and slowly expand.
10. Digital Marketing Business In Nigeria
Currently, Digital Marketing is a skill that a lot of companies are currently in search for and are willing to pay for and can easily be converted into a full-time business in Nigeria.
Digital marketing is when you’re able to advertise products online using various digital marketing methods and platforms, as of this 2019, Facebook remains the most popular platform for digital marketers because of its cheap promotional services compared to others.
This is one of the most Lucrative businesses in Nigeria and requires no capital to start, you learn about Digital marketing on YOUTUBE or find a free online course on it.
11. UNISEX Hair Saloon Business In Nigeria
When it comes to hair saloon business in Nigeria, the first thing that comes to mind is “But I don’t know how to make hair” but don’t forget what I told you at the introductory part of this Article; “you don’t need to have the skill before opening one”.
There are many SSCE graduates, mostly females that have the skill and are not working yet, just rent a 2 shop space or one if it’s big enough and separate it into men’s section and women’s section. After which you search for young Skilled hairdressers and agree on a salary with them, that’s all their is to it.
This is a Lucrative business that’s cashing people thousands of thousands of Naira daily without much stress or effort.
12. Tutoring Business In Nigeria
an average tutor in Abuja earns at least N40,000 – N60,000 depending on the subjects they teach, tutoring is a business in Nigeria that requires just your knowledge to start.
Just like I stated before now, even if you don’t the skill of teaching you can put people on salary and connect them with your clients.
You can even go as far as opening an Agency but initially starting this business requires that you have a passion for teaching and you are at least educated to an extent.
13. Data Reseller Business In Nigeria
Data reselling is a very popular Business in Nigeria right now, the daily income is very liquid and can be quite high depending on your customer base.
The key to succeeding in this Lucrative business is having a good customer base that depends on you. You can easily start this business in Nigeria with low capital and grow with time.
Most networks in Nigeria offer Bulk data purchase from N5,000 and above, after you pay for a data reseller package you will be given a good amount of data that you can resell at your own set price.
It is best to start this business small and alongside another major business since its so easy to manage.
14. Recharge Card Printing Business In Nigeria
Ever since buying airtime via Bank and online apps became normal many people have pulled out of the recharge card printing business. Unknowingly to them, the customer base is still as robust as before.
Starting this business in Nigeria requires you to have capital upfront because of machine cost and some maintenance costs. after you get regular retail customers all those expenses will be covered from your income.
Selling Okrika has always been classified as a petty Business in Nigeria, in major countries like the USA, this is a very lucrative business (Thrift Shop).
With as low as N10,000, you can get a bale worth of clothes or shoes depending on what you want to sell, this business is lucrative because you can always set your prices and many people will still buy from you.
Making money with this business requires no staff and little capital. This is one of the best businesses in Nigeria as of 2019 as its very profitable.
16. Music Promoter Business In Nigeria
This business is more associated with those who already have digital marketing skills, music promotion is a service sort out daily by countless of musicians who are willing to pay a good sum of money just to make their song go viral.
To start music promotion, all you need is a social account with huge following members i.e Facebook page. You can also network with other music promoters and give them a share of each payment to promote on your behalf.
17. Home Based Bakery Business In Nigeria
Many people think starting a bakery business in Nigeria requires a huge building and a giant oven. No, it doesn’t need all that when you’re starting up.
A simple kitchen with a normal sized oven will work just the same only that you will have a smaller quantity of bakes each time.
Home-based Bakery is a very lucrative business in Nigeria right now as Maintenance cost is minimal, you don’t even need to pay for rent.
You can bake birthday cakes, donuts, meat pie etc. and supply to several schools around your area or create a local product that you can sell in shops around.
All you’d need to consider is Time and packaging cost but its a really profitable business in Nigeria if you plan well.
18. Soap Making Business In Nigeria
Just like other businesses in Nigeria, you don’t need to know how to make soap to start this business.
You can always employ skilled labor and train additional people for free to increase your staff number for free.
Generally, this business isn’t capital intensive. Once you purchase the chemicals and the simple inexpensive equipment, all that’s left is production and packaging.
You can easily scale your business and match production rate with depending in the area as well as make cheaper versions to drive more sales.
19. Car Wash Business In Nigeria
When it comes to common businesses in Nigeria, this would be among the top 10 on the list. Starting a car wash requires some capital to start (Buying or renting Land) but after setting up, a mere N5,000 can keep the business going.
Most of the time you only buy more washing materials which are generally cheap (Detergent and cleaning agents), you don’t even need to pay salary as the workers you have normally prefer a percentage cut payment per service.
So if a customer visits your car wash for car cleaning services, from the payment you receive a small percentage will go to the worker as agreed before employment.
You can hire a manager to help manage the business while you find other Business models to indulge in.
20. Consulting Firm Business In Nigeria
Are you extremely good at your field? Do you have a lot of experience in your field? Then this is for you.
A consultant is someone who provides business insights and top-notch advice on a particular field of business.
You get paid to give advice to people starting businesses. You can either create an office or just make your house the address itself, starting this business in Nigeria is very easy and doesn’t require any capital, just your knowledge.
21. Website Design Business In Nigeria
One of the things I major in apart from blogging is web design, I have years of experience in this field so I’ll use my self as an example.
Learning how to create websites using different technologies has been the best decision of my life so far, I designed this Blog and my other blogs myself.
I charge roughly N40,000 – N60,000 per site design and implementation, the best part about all this is that I Learnt web design for free.
On Youtube there are countless Web design videos that you can benefit from big time, It takes 6 months to be good enough to start creating your own websites and earn really well from it.
Even if you don’t have the skill, don’t forget my introductory point, you can always hire people to start this business in Nigeria.
22. App Developing Business In Nigeria
Just like web design, this is yet another skill I have myself and am earning from. Building apps for small businesses in Nigeria to solve common problems; payment systems, Menu systems, Hotel management systems etc. all these are the countless services you can offer.
You can also create your own apps to earn from over time using google ADMOB as a monetizing agent.
It is also free to learn. on YouTube, there are many courses you can watch and follow to develop apps and its easy to learn as there are many technologies out there for making apps.
23. Advertisement Business In Nigeria
Have you ever wondered how companies in Nigeria like MTN, INDOMIE etc. always advertise on several TV Stations, Newspapers etc.?
Well, that’s what an advertisement company does, I know it sounds like an expensive venture but it’s not.
Actually, you don’t even need an office or any staff to start this, all you need is a connection.
You need to contact and develop a working relationship with media houses all over the country which isn’t that hard in this era of the internet. You can reach out to TV stations via social media to inquire about their prices for Advertisement.
once you have enough of these channels and advert agents you simply set your own rates and start marketing your advertisement company.
24. Graphics Designing Business In Nigeria
Graphic designing is a very common skill today with a lot of potential customers, an average graphic designer earns nothing less than 20k – 30k per month just designing logos and fliers for various organizations (I made N3,000 today from just 1 logo).
Churches, Offices, New Businesses, Event Planners etc. are just a few out of the hundreds of potential customer you could offer services for income.
The major issue about starting this business in Nigeria is that it requires skill, but like I said in the start of this article, you can create a business plan and hire apprentice level graphic designer and outsource some advanced Graphic design works till you have a good working force.
25. Delivery Business In Nigeria
The major difference between this business model and full grown transportation business in Nigeria is that; a Delivery service Business in Nigeria is less capital intensive to start and easier to manage over time.
People normally start this business in one area with few vehicles and then expand with time, this is a very profitable business in Nigeria because you can charge flexible prices depending on the weight or size of delivery.
This business requires some initial capital though because of the vehicles involved and a building for staff members.
26. Female Hair Business In Nigeria
Ignore the gender factor in this business because it doesn’t matter, all that matters is packaging and your marketing skills.
This business model quickly became popular last year when a few people started posting human hair pictures on social networks like Instagram and Facebook. Soon it became a trending way to spot and buy nice looking hair in Nigeria.
To start this business in Nigeria you need NO CAPITAL per se, all you need is an android phone and a stable internet connection.
You need to find a hair supplier near you and make a business deal with him or her, get the prices for all his products and agree on a percentage commission per sale. Then you create your own prices for extra income when marketing it on social media.
27. Phone Accessories Business In Nigeria
This business involves selling common mobile phone accessories like earphones, chargers, headsets, USB connectors etc.
You don’t need much capital to start this business in Nigeria as phone accessories when purchased in bulk don’t actually cost much, with just N20,000 you can start this business in Nigeria and start earning from it.
To make it more standard you could open a shop and hire someone to manage the business.
28. Event Management Business In Nigeria
This business requires some experience in setting up and managing events if you know how to organize events such as birthday parties, weddings, meetups, seminars etc. then you can surely make it in this business.
Like some of the businesses on this list, this particular business doesn’t require any capital to start but due to the high competition in this business model, you need to keep money aside for marketing your business brand to people, once you have your first few customers, they will refer you to other people and your business will continue to expand over time.
29. Day Care Center
Now if your a full-time housewife or someone that have a lot of free time then this business model might be for you.
It involves taking care of children and educating them in the process, parents who don’t have the time or who have busy jobs are normally searching for trusted daycare centers.
To start this first off, you must be trustworthy and its advisable to start with people close to build trust.
This kind of business does require Capital for rent and a staff force, so its advisable to start this when you have enough cash.
30. Mobile Money Business in Nigeria
This business is one of the easiest businesses in Nigeria to set up without much capital, you can run this business along your normal day to day business.
It involves providing money withdrawal and money transfer services to individuals who live nearby and wouldn’t want to sacrifice time and effort going to the bank.
A commission will be charged per transaction performed from each customer you get, the best part this business is that it requires No Capital to start or maintain over time.
If your a student and would like to make serious cash with just your phone then this business model is for you.
Jumia Jforce has been in existence for some time now, its about buying products via Jumia online store for people and earning serious commission in the process.
The commission rate is really lucrative, even selling simple products would gain you a lot of cash which can be withdrawn anytime.
If you would like to Register then visit their JFORCE website and fill the registration form.
32. Photography Business In Nigeria
Photography business in Nigeria is one of the most profitable businesses in Nigeria this 2019. The number of customers is limitless ranging from local weddings to big events all over Nigeria.
The Advantage this business has over other businesses in Nigeria is the fact that it requires Low capital to start and the earning potential is very flexible.
The only costly equipment you’d ever need is a camera which costs around N150,000 to N200,000 depending on the quality of images you want to offer.
33. Betting Shop Business In Nigeria
Betting is an activity that is common among the youths in Nigeria today, everybody is looking for how to make quick money easily and betting has become the medium of doing so in Nigeria.
Starting a betting shop business in Nigeria is very easy, you just have to go to your preferred betting site e.g bet9ja, Nairabet etc. & register to become an agent for the betting company.
The requirements will be stated by the betting company during registration and will determine if you’re qualified enough. Having customers is not a problem in a betting shop business at all because youths always patronize a betting shop to book their daily predictions.
You can start this business in Nigeria without any capital or staff.
34. Cryptocurrency Trading Business In Nigeria
Getting started with Cryptocurrency trading requires some in-depth learning and research before starting, its one of those businesses in Nigeria that anyone can start without considering qualification or skill level.
Cryptocurrency trading is all about buying cryptocurrencies like Bitcoin and Litecoin, and selling them for a higher price when the market value increases.
currently, it is a trending business in Nigeria, You can make up to a million within a day if you’re lucky because of its all about luck and predicting the market’s direction.
Though being simple to understand, Cryptocurrency Trading is also a very risky business in Nigeria as you can also lose all your money.
This business requires at least N100,000 capital or more to start.
35. Book Publishing & Promotion Business In Nigeria
Book promotion is just like any other promotional service on this list, the difference is the low competition in the market right now.
In some states in Nigeria, finding a Book publisher is really hard. Some even have to travel to other states just to get a book published.
You can utilize this as an opportunity if you decide to start the business, you don’t need to have a licensed or any of that. Just get connected to other publishers and outsource your customer’s books to them.
36. Driving / Escort Business In Nigeria
Driving / Escort business is another cool business in Nigeria that requires no Capital to start. It involves hiring a driver for a specific period of time by clients.
One thing about this business is that you don’t need to own a car as clients will always have their personal car to be used for the escort service.
You can charge on per hour base or per total duration, it really depends on you as most customers will be high class and often wealthy.
You can take this further by starting an agency that connects escort drivers with potential customers, you can collect a percentage commission for each successful connection.
37. Ice Block Business In Nigeria
Some of you might be wondering why I added a petty business model to this list, well you need to be informed that’s why.
Ice block business in Nigeria can yield anywhere from N70,000 to N100,000 per month or more if you plan it well.
as petty as it seems it is a very lucrative business in Nigeria that requires a good amount of capital to star (Factory & Refrigerators ). after you start it up managing the business is not too difficult.
The only resource you need is water and water is almost free in terms of supply.
You can either set up this business in a small way (Using a freezer you own at home) or make it standard by building an Ice Block factory.
38. Piggery Business In Nigeria
The cost of a single pig in Nigeria can range from N30,000 – N70,000, only this fact alone should tell you the possible income from starting this Lucrative business in Nigeria.
Many people owe their fortune today to starting a pig barn and selling pigs which by the way is very easy to rear, pigs eat roughage which isn’t expensive or hard to get.
Though starting this business in Nigeria is capital intensive, it is a business that will continue to grow over time without much effort from your part.
Possible customers include Restaurants all over Nigeria and companies that utilize pigs for some of their products.
39. Transportation Business In Nigeria
Transportation business is one of the most common businesses in Nigeria but it doesn’t mean you can’t start yours. In terms of daily income, I don’t think any other business can match up to transportation.
People travel every day so customers would never be an issue, it is generally a good idea to start this business small and locally before expanding to other locations.
buying 2 – 3 tricycles (Keke) for a start is a good idea before you extend to cars and buses, this business needs a lot of capital to start.
For a long time now, Fish rearing business has been a cool business in Nigeria. With little capital, you can easily start up this business locally.
Fish rearing involves growing fishes from small to medium sizes and supplying them to consumers i.e Restaurants.
It is a very profitable business as fishes normally reproduce in large numbers, the most commonly reared fish is the Catfish because of its ease to the rear.
Read Article: How to start Fish Rearing Business In Nigeria
Thanks for reading this post, I hope it helped you decide what business you would like to start in Nigeria this 2019.
if you have any contribution or question don’t hesitate to Leave a Comment Below.