In a country where the economy is not balanced and graduates are jobless, coming up with businesses and ideas and implementing them will be a way to access a good life. In this article, we will show you the Top 25 profitable businesses to start with 100k in Nigeria.
You also need to know that starting a private business from different business ideas also comes with different benefits.
Top 25 profitable businesses to start with 100k in Nigeria
Starting a business in Nigeria can be exciting and rewarding but with a booming economy and a large consumer market,
There are lots of opportunities for entrepreneurs to succeed. Knowing the right business idea that fits within the budget can be difficult.
Below, we will explore 25 profitable businesses to start with 100k in Nigeria:
Everyone needs to dress their hair to look good; the industry is in high demand. This will be beneficial for both male and female hairstylists.
Anybody who wants to start a hairdressing business in Nigeria will be successful, and that’s if they have the required skills as the country’s population increases. To start this business, you need to create a bar and start bringing in regular clients.
If you want something that will generate money for you daily, then this is one of the businesses you need. All you need to do is visit any of your preferred banks or any POS service and request a POS machine to get started.
When you have cleared the necessary fees with the POS company and become an agent with a POS machine, your business will help other people perform financial transactions, and you will get paid for it.
This is one of the oldest businesses that has been serving or fetching money for people over the years. Some people are too busy to watch their children, so they would rather pay people to do it for them.
If you want to start this business and succeed in it, then you must buy a washing machine and set up an office. Then you are good to go.
If you are good at cooking, then you need to start an eatery. Men who can cook may also start this company, not only women. To increase your restaurant revenue, you may also provide fast meals, cold drinks, and water.
Trading is defined as the act of buying and selling; therefore, all you have to do is buy cheap things in larger quantities and create a place to sell them.
The truth is that people will always have two needs; therefore, if you can fill those needs in exchange for money, then you will be a successful daily income trader.
Note: This is one of the fastest-growing daily-income enterprises in Nigeria.
Mobile Phone Repairer
This is another business you can start with 100K in Nigeria. All you need to do is know how to repair phones and accessories. People often have phone issues and need to get them repaired. All you need to do is be positioned in the right place.
Tailoring and Fashion Design
There are lots of people who have become wealthy and make their living in the fashion sector. This is an amazing business opportunity for anyone with tailoring expertise. There are ways to acquire new skills, and you’ll need to launch this business to attract clients.
The soap-making business is simple, doesn’t cost a lot to start, and is still profitable. Soaps made by hand are in demand due to their natural ingredients and unique designs. You can learn the craft online and purchase the needed ingredients with your 100,000-naira budget.
Plantain Chips Production
This is another popular snack that sells well in Nigeria. With a 100,000-naira budget, you can get the necessary equipment and ingredients for production.
Snail farming is a low-capital venture with high demand, yet it is one of the most underrated businesses in Nigeria. Snails are considered a delicacy, and their market value always increases. You can start small, learn about snail care, and gradually expand your farm.
Food Delivery Service
Starting a food delivery service can be a lucrative business idea because, these days, people want to get things from the comfort of their homes.
You can partner with local restaurants and offer delivery services to customers within a specific area. Make sure you have a reliable means of transportation and establish a user-friendly online platform so you can get orders.
Mobile Accessories Retail
70 to 80 percent of Nigerians are smartphone users, so the demand for mobile accessories is very high. With 100, 000 naira, you can start a small retail store that sells phone cases, chargers, earphones, and many other accessories.
If you love fashion, why not start a boutique? That could be a great business idea. With just 100,000 naira, you can get a collection of trendy and affordable clothing.
These days, this business can even be done online by posting your products on your social media platform for people to patronize. Or you could also create an inviting store atmosphere.
If you are passionate about capturing moments, then starting a photography business can be a fulfilling venture. All you need to do is invest in a qualified camera and offer services for weddings, portraits, events, and product photography. Lastly, you will have to build a strong portfolio to showcase your skills and attract clients.
Home Cleaning Services
Due to busy lifestyles, the demand for home cleaning services has increased. With little investment, you can start a cleaning business and offer services such as house cleaning, deep cleaning, and post-construction cleaning.
Pet Care Services
As pet ownership rises, the rate of pet services increases. If you are a pet lover, then you should consider starting a pet care business. To start, you need to offer services such as dog walking, pet sitting, grooming, or training.
Printing and Branding
With 100,000 naira, you can start a printing and branding business. invest in printing equipment and offer services such as card printing, flyer design, and promotional item branding.
As technology becomes more versatile daily, computer repair services are in high demand. For you to start this business, you need to provide services such as hardware troubleshooting, software installation, and virus removal.
Cooking Gas Sales
Almost every house in Nigeria has cooking gas. This business is one of the most profitable to start in Nigeria with a small amount of money. This business has a lot of great sales where there are traffic people and areas where there are not so many cooking gas sellers already.
Perfume Oils and Fragrances Sales
This is another business to start with 100,000 in Nigeria. If you know how to mix perfume oil and awesome fragrances, you should consider this business. You can learn this skill if you don’t have it.
Frozen food is another great business that is profitable any time, any day. To start, you need to have a deep freezer, and you need a place around a residential area so lots of people can patronize you.
You can start this business with 100K. Many homes do not have running water systems, so they end up buying sachets of water for those in the middle class. It doesn’t spoil or expire.
Shawarma Business/Barbeque Business
In doing this business, you need to know how to make shawarma and barbeque. Therefore, this business is very lucrative, and if you are making these delicacies, people will come.
Nigerians majorly depend on poultry produce for their daily consumption, such as chicken and eggs. By investing your hundred thousand and backing it up with lots of passion and determination, you will easily start poultry farming.
Nigeria’s yearly revenue currently stands at N620 billion, with a daily revenue of N1.7 billion, assuming that 50 percent of its population consumes at least an egg every day for a year.
The egg market in Nigeria is undeniably substantial, making it a great business opportunity, particularly for those with a limited budget.
Frequently Asked Questions
What’s the fastest-growing business in Nigeria?
Cryptocurrency and fintech businesses are among Nigeria’s most lucrative and fast-growing businesses. With more people adapting to digital payment systems, there is an ever-increasing demand for these services.
Which business makes money faster?
Investing in a babysitting business requires minimal capital—only reliable transportation and a website or social media presence.
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