In this post, we outline the best small business ideas in Nigeria. Some of them can be started with very little capital.
This post explains what is needed to successfully run execute these business ideas.
*You can click on any of the listed ideas below to jump right into it.
Your Options for Business Ideas in Nigeria include:
- Cosmetics Production Business
- Tomato Farming Business
- Gym Business
- Sale of Mobile Phone Accessories
- Mobile Phone Repairs
- Plantain Chips Production and Sales
- Ice Block Production and Sale
- Liquid Soap Production
- Car Wash
- Rental Services
- Mini Importation
- Information Marketing
- Affiliate Marketing
- Website Design and Maintenance
- Call Card Business
- Food Cart/Mobile Food Business
- Sports Betting Agency
- Cloth Designing and Tailoring
- Okirika Bale Business
- Uberpreneur – Driving for Uber
- Freelance Content Development/Ghost Writing
- Cake and Cupcake Bakery
- Small Chops Packaging
- Email Marketing Business
- Social Media Marketing
- Daycare Business
- Dry Cleaning Business
- Restaurant Business
- Car Rental Business
- Hamper Business
- Film Production Business
- Eggs Supply and Distribution
- Internet Radio Business
- Mobile Car Wash Business
1. Cosmetics Production Business
If you love beauty, then going into the cosmetics business will be your best bet. For you to do well in this business in Nigeria, you will need to engage in some deep research.
Why is this important? This is because you will need to learn new things about the cosmetics industry that will keep you up to date, creative and innovative in business.
2. Tomato Farming Business
This business is rewarding, and at the same time, not expensive to start up. However, before you start the tomatoes business in Nigeria, you’ll need to find out what type of tomatoes are in demand. This information can be gotten from those who supply seeds, as they will be able to inform you better on popular demand. Also, they will let you know the varieties that are patronized best. You will also need to ensure that the seeds you finally pick will grow well.
3. Gym Business
Fitness has always been a source of concern and Nigerians have also caught the bug. This is because of the high rate of cancer that continues to ravage people. If you are a fitness and health enthusiast, then you can look towards starting a gym-related business in Nigeria. You will need to have enough finance to equip your gym center.
If you can write or have the capacity to learn how to write, start a blog. Blogging is now a good way to launch an internet business. All you need is internet access, good research skill, an interest, and a laptop and a lot of time. Your most important and perhaps expensive investment in a blogging career is your time.
Set up a free blog with WordPress or Wix or if you have some money, set up your blog on self-hosted server; populate your blog with quality content, get people to read your content (drive traffic), get their confidence and monetize your blog with Google AdSense, display advert, affiliate marketing or sell information products such as ebooks, etc.
5. Sale of Mobile Phone Accessories
This is a very lucrative business in Nigeria today. With as little as N50,000 saved using a platform like PiggyVest, you are good to go. While you will do well by renting space if you have the money, this business can also be done in mobile fashion i.e by carrying your products to places they are needed.
In this case, you have to first identify your market and feed them with their needs.
What drives this business is the rapid growth in the use of mobile phones in Nigeria. Nigeria has an estimated population of 180 million people. There are more than 160 million connected through their mobile phone line.
Accessories that are common in demand include batteries, memory cards, battery chargers, earpieces, screen guards, pouches, etc. You can get supplies from Computer Village (Lagos) or online stores. Phone Accessories business is one sure way of getting into online importation.
6. Mobile Phone Repairs
This is a business idea that will fetch you good money if you are patient to learn how to repair and maintain mobile phones. With less than N50,000 you can start a phone repair and maintenance business in Nigeria.
All you need to start is a little training, a laptop, software tools, some regular home tools (screwdriver, soldering iron, brush, battery tester, etc.) and some marketing to let people know what you do. You will also need to develop good relationships with dealers of quality accessories. With as low as N5,000, you can purchase a repair kit from any eCommerce stores. Just make payment with your debit cards, and you’re ready for business.
7. Plantain Chips Production and Sales
You have seen it everywhere – the delicious crunchy snack made from unripe plantain. Hawkers sell them along the highways. The catch is, you probably did not realise how lucrative it is.
What else, you don’t need to be a UAC or Leventis Food to engage in the plantain chip business in Nigeria.
A small-scale plantain chip enterprise with an initial investment fifty thousand is capable of returning N10,000 in profit daily. If you’re looking for business ideas in Nigeria with low capital, you should really consider this.
You can start this right from your kitchen. Just place your brand name on the transparent nylon, and you’re good to go. You will need to get some coaching from someone already doing the business, learn some recipes and develop a supply chain both for your raw materials (plantain) and finished products.
8. Ice block Production and Sale
Nigeria is located within the tropical climate region with an abundance of sunlight and heat.
Unfortunately, the electricity supply is very poor, making it difficult for homes to maintain adequate stock of cold water in their refrigerators. This is what makes ice block production a money-spinning business in Nigeria.
People require ice blocks to keep their water and drink cold. Your market includes households around your neighbourhood, retail shops, restaurants and bars that need to keep their drinks ice-cold at all times.
The good thing about this business is that you can kick off with the little you have. You need A deep freezer as well as a medium-sized generator and you’re all set. As you make money, you can scale up by acquiring an ice block making machine.
9. Liquid Soap Production
The market for liquid soap in Nigeria is so large that the well-established brands are not meeting demand.
Every household in the country needs this product. So there will always be a demand for it. You just have to be the one supplying.
If you look around you, you will find homemade liquid soaps with no branding at all, packaged in used plastic bottles being sold for between N50 and N100. With a little investment, you can make so much money producing liquid soap and selling to supermarkets and other shops that retail to end-users, restaurants, bakers, caterers and home keepers.
You may have to acquire some training that is available at vocational centers run by churches, government, and non-governmental organizations. Create a large market by branding and fine packaging and you will smile to the bank.
10. Car Wash
The need for car wash will always be on the rise and anybody can do this business irrespective of age. With a little more capital, you can start a car wash that appeals to upwardly mobile individuals by setting up a sitting area decorated with a TV set where your customers will sit while their cars are being washed. You can make it a multiple income stream business if you have space by adding the sale of drinks, shawarma, etc at the sitting area. The critical things needed for a car wash business is the space that can be rented, source of water and the washing machine.
11. Rental Services
People constantly need things that they do not possess. Some of the things you can start contracting out includes chairs, canopies, vacuum cleaners, cutleries, cooking utensils, music box, ladder, etc. Once you are known to be engaged in this business in your environment, you may not be able to meet demand.
If you have an interesting range of expensive gadgets or equipment, you might consider exploiting them for side income businesses hiring them out on hourly use basis. If the business gets going, you can add more items as you discover what people like renting. Prepare a leaflet, advertise in a local newspaper or use social media to announce your services.