Will you like to know the most profitable business in Nigeria with low capital? Here, am going to show you list of lucrative business in Nigeria.
This business can easily be started with low capital and you will be sure of making huge amount of money daily. Imaging a business you started with 5k generating over 50k weekly profits.
The small scale business in Nigeria which am talking of here can be started in any where and anyone can start it either graduate or student.
Not just that this business will keep helping you to make daily income without much investment, if you are thinking of starting a business with low capital kindly keep reading…
Most profitable business in Nigeria with low capital
1. Hotel business
Hotel business is the most profitable business in Nigeria with low capital that is capable of generating steady income to your wallet.
The good news is that you can be running other business while still into the business. It can only cost you much cash if you are the one building the hotel, but if you rent one and use, the start up cost will be lower.
You will earn a lot of money during December period when lots of individuals will be back to town.
2. Making soap, cleaning agents and cosmetics products
Another lucrative business in Nigeria with low capital is liquid soaps, cosmetics, and different cleaning agents making.
This business is simple and it’s a good recommendation because it does not require such a big capital to start. Once you have learned to how to make these, then you can start the business right away.
Without any iota of doubt, soap making is one if the most profitable business in Nigeria with low capital, for an average Nigeria.
You may not get rich over night doing this business but for those good enough in marketing their products, there’s high chance of making a lot of money.
The profit as you may imagine definitely amasses the capital investment on this business.
Read: How To Start Provision Store Business In Nigeria
3. Importation of Tokunbo spare parts
One of the most profitable business in Nigeria with low capital for most men is importation of tokunbo spare parts.
It’s a business that may require some skills, networks and understanding of the business system,
Since, most Nigerian believe that fairly used spare parts always last longer than the new ones, not just that it’s cheaper than new ones.
You will make a lot of money doing this lucrative business in Nigeria with small capital.
Read: 4 Ways To Start Mini Importation From China To Nigeria
4. Laundry business
The top 4 lucrative busines in Nigeria with small capital on our list is Laundry or dry cleaning business.
Dry cleaning business has gone so professional in Nigeria that most people offering these services now have business cards, the business has recently been receiving a lot of branding and recognitioha
People are making it here, it’s profitable and low risk business.
The good thing here is that, with the population of people growing in Nigeria, and most people getting busy with work or when there are a lot of stress for one, then this is where dry cleaners comes in.
There are people who do this business full time, and make a lot of profit.
5. Taxify/Uber driver
With the help of digital companies that are now emerging such as Taxify, Uber and Bolt. Making a lot of money legitimately has become more guaranteed.
Taxify business is easy, and comes with no risk, and it’s just as lucrative as the businesses we have mentioned so far or in fact more lucrative.
However this kind of business currently yields well in the urban areas.
This business is now well known and currently moving so well in big cities like Lagos, Port-harcout, Ibadan, Benin city and so on.
6. Online/Social media advertising agency
Another business that young guys are currently cashing out from now is digital advertising business.
They make money by helping different companies to run their business advert online.
Gone are the days when people only rely on traditional advertising, most business now solely depend on digital advertising medims to push their business.
So Nigerians have found this as business opportunity, most people create social handles and start giving their audience contents, these content help them to attract a large audience.
And when they get deals to advertise for other companies then they use these social media handles to run their advertising and make a lot of money.
It’s safe to say this is actually the top lucrative business in Nigeria today; there is space for everyone to thrive if you are good and understand the system.
7. Dropshipping
This business is still strange to many because it has a system that must be understood before you can know how to thrive in dropshipping business.
But what we do want to tell you is that it’s a simple and we can call it risk-free, legit, and straight forward businesses.
So in summary, the business involves selling products/services for other people, without the goods actually being in your store, usually an online store.
It works by taking order from people and helping them fulfill their orders by getting whatever they may have ordered from retail or wholesale sellers and this kind of business is usually carried out using digital mediums.
Even though it’s possible to deliver the orders to your clients physically. You can learn more about dropshipping business on shopify.com.ng.
8. Sport betting
Sport betting is popular in today world, and people are still diving into the business. If you have heard about BetKing, Nairabet or Bet9ja then you are already familiar with the sport betting businessi
By far, it’s a lucrative business in Nigeria with small capital.
You can start this business when you understand how it works, it very possible to run into loss if you do not understand how to run a betshop so before investing you, do ensure you are very ready and you know how the business works.
9. Freelance writing/ Web design/digital development
This is one of the most profitable remote business that involves you working online, without much emphasis.
It’s not news that the world is getting fully digital, so people do get good and lucrative jobs to do these days from the comfort of their homes.
Part of the things you can do is write for companies, web design or other kind of digital services. You can get started on freelancing platforms such as UPWORK, FIVERR and other websites where you can sell your gigs.
The Business is top 5 in scale and ranking of most profitable business in Nigeria with low capital.
Read: How To Become A Freelance Writer In Nigeria With No Experience
10. Mini importation/E-commerce
This business involves purchasing and importing goods online from manufacturers which gets shipped to Nigeria to be sold for more profit.
You can stay in Nigeri and purchase goods at cheap rate in China and they will help you to ship it down to Nigeria.
Once the goods arrive Nigeria you can sell it at a moderate price and make your gain. Learn more on how to start mini importation from china to Nigeria.
11. Food cart/Restaurant business
Another most profitable business with low capital that we have added on our list is food business, it’s a one of the fastest growing businesses in Nigeria. You can use food carts/truck to sell food depending on your scale and location.
You can also open a restaurant, come rain come shine, people will always be in need of your service as along as you are in a place where you can be well noticed.
12. Livestock farming
Livestocks farming deals with rearing of different kinds of animals such as; poultry farming, cow, pig farming and fish farming.
Livestock product is among the major source of protein for man, which makes it to be among the most demanding product in Nigeria.
If you can invest into any area of livestock farming you will really be making enough cash daily or week for instance; someone that is into poultry farming will have chance of selling; eggs and also poultry feeds, and be making extra income.
13. Maize production
I do not know if any other person like pap the way I do! And the issue is that the price of maize which is the source of the pap keep going high each day.
If you can venture into this maize production business in Nigeria you will really make it big, as maize are been used for many purposes most especially for pap production.
This profitable business doesn’t cost much capitals to start you can easily start it with as low as N20,000 and you will be sure of making high profits.
14. Buying and selling of used vehicle spare parts
Buying and selling vehicle spare parts is a lucrative busness in Nigeria, and this business doesn’t cost much to start with just little capital you can rent a shop and start this business any where in Nigeria.
Since price of everything is going higher in Nigeria most especially the price of car parts, people have developed interest in purchasing used vehicle parts if they need any instead of going for new one.
You do not need to rob a bank before you can start this business with just little capital you can start this business by buying people’s old vehicle at cheap rate and scatter it and bring out the ones that are still good and start selling to those that need it.
15. Pets breeding
Pets breeding is a process of raising different kinds of pets, like; dog, cats, snakes, and birds. This is one of the high rated small business in Nigeria with low capital that need a lot of experience before starting.
This business is profitable in Nigeria, you will hardly see people that are doing this type of business that is, you will have more chance to succeed in this business if you start it in Nigeria.
16. POS business
Point of sales business is another lucrative business in Nigeria with low capital and high profits, this business is one of the best daily income business in Nigeria that doesn’t need much capital to set up.
To start this business you just need to decide the POS company you need to be their agent register with them and get the POS machine and start using it to offer service to people.
17. Car wash business
Most people do not use to have chance to wash their car after or before going to work, most usually lack water to use and wash the car and some are lazy to wash their car by themselves.
This might be your chance to make hug money by opening car wash center where you will be helping people to wash their car in Nigeria.
18. Daycare centre
Starting a daycare business in Nigeria will really be a good source of income if you are a kind that like playing with kids, you can rent a very cool centre where you can be helping parents to take care of their babies.
Most parents usually don’t have enough time to look after their kids, and most will not also like to carry their child to work which my be due to the nature of their job or the stress the child might be given them.
It is your opportunity to invest into the daycare business, the major things is just for you to rent a comfortable place that is healthy and secure, many people will like to always patronize you daily.
19. Okirika business
Selling of London used cloths is another lucrative business in Nigeria to start with little money and you have the chance to earn high profits in returns.
London used cloth is always very cheap in the wholesale market, unlike the new cloths that the price is going higher everyday which is among the reasons why many individuals have developed interest in wearing okirika clothes.
okirika business is very easy to set up in Nigeria with any amount it doesn’t need much capital to start and it is not a must that you will have a shop.
20. Nylon bag production
I just discovered that nylon bag is one of the most used in Nigeria today as everything you purchased in the market must be packaged with the use of nylon bag.
The most interesting thing is that their are few producers but much users, and it is your chance to quickly invest into this small scale business in Nigeria with low capital.
21. Yam flour production
Yam flour is a product of yam, that is gotten by simply; pilling yam and dry it using sun. after drying it very well you can then ground it.
Most individuals do this at home to avoid the yam from spoiling, and the yam flour is always very enjoyable when eating because it usually look exactly like pounded yam.
If you like eating pounded yam and you have not tasted yam flour before you are really missing something.
As someone that have idea of this kind of business you can simply start this small scale business in Nigeria with low capital and you will see how it will be bringing reliable income to your wallet.
21 lucrative business in Nigeria with small capital
- Hotel business
- Making soap
- Importation of Tokunbo spare parts
- Laundry business
- Taxify/Uber driver
- Online advertising agency
- Dropshipping
- Sport betting
- Freelance writing
- Mini importation/E-commerce
- Food cart/Restaurant business
- Livestock farming
- Maize production
- Buying and selling of used vehicle spare parts
- Pets breeding
- POS business
- Car wash business
- Daycare centre
- Okirika business
- Nylon bag production
- Yam flour production.
Conclusion
I have been able to reveal to you top lucrative businesses in Nigeria that you can easily start with low capital and be sure of making daily profits.
There are lots of businesses that are very profitable which may not be on our list.
However, we only list most profitable business in Nigeria with small capital which we have tried or any of our friends have tried before.
I will like to hear your view about other businesses which are not on this list.
Please am interested in Nylons bags production. How do I go about it please. Where do I get materials for the production?
Dear Promise, to start nylon bag production will not cost you much if you have the machine for it. but, If you want to be cutting the white nylon and also sell different varieties with different sizes then you will need at least 100k for a start.