With Nigeria being the largest black nation in the world, it not only has natural resources, but also opens up many business opportunities that can be started without a lot of capital.
The business opportunities in Nigeria are not limited to people with fortunes. For as little as N20,000 to 50,000, you can easily start a small business that will bring you profits.
Start-up businesses in Nigeria are quite lucrative, so you can make a huge profit almost immediately by starting these businesses.
You may be looking for a full-time business idea to invest in Nigeria as an employee, or you may simply want to generate multiple streams of income. If so, this article will be a great resource for you to get started.
We have gathered a list of the 20 best small business in Nigeria that you can start today, if you plan on starting a Small Scale Business in Nigeria.
20 Small Scale Business In Nigeria 2022
1. Bread Making Business / Bakery
No doubt about it, Nigerians love bread. After rice and beans, bread is the most commonly eaten food in Nigeria. So starting a bakery business wouldn’t be out of place.
When you do your research well, you could make huge money from this. Just ensure you do it right. You could also add the different varieties often demanded by customers: coconut bread, sardine bread, etc. It’s really lucrative business if one has got the courage to start one.
2. Food Business / Owning a Food Shop
No matter how hard the economy is, food will always be a profitable business in Nigeria. Business owners should recognize that food is an evergreen business. People will always eat.
When run properly, this kind of business can bring you great wealth and it is easy to win loyal customers. People will never stop coming back if the food is delicious, and being courteous.
A few food business opportunities include franchising, international restaurants, food supply businesses, and local restaurants.
3. Fashion Designing
The fashion business in Nigeria can easily be ranked among the most lucrative businesses since Nigerians love parties, be it weddings, birthdays, and end of the year gatherings. Even during funerals, there is often a way to celebrate. There are uniforms for all of these events.
Clothing is in high demand. People need clothes whether they’re going to school or work. Using clothes to sleep is not an option. The Fashion industry is very popular.
It is a fact that people will always wear cloth. Whether it is children’s clothes, babies’ cloths, female clothing, wedding clothes, African prints, and so on.
4. Agriculture Business
The business of our forefathers! The agriculture industry in Nigeria is one of the most lucrative and evergreen businesses.
As long as humans exist, the agriculture industry will continue to thrive. This makes the agriculture industry a very strategic and influential business.
Nigerian agriculture entrepreneurs have an array of choices available in terms of loans and financing, which adds to the appeal of the business.
Poultry farming, palm oil business, cattle farming, fishery business, and so on are some of the agriculture business opportunities.
5. Laundry Business
If you’re looking for a lucrative business opportunity in Nigeria today, try the laundry business.
What you need to do is connect with people in your area, and before you know it, you’re already being well supplied with many clothes to wash and iron on a regular basis.
One beautiful thing about this business is that you don’t even have to have all the expensive equipment ready to start. A little effort and consistency from you are all you need for a start. And before you know it, more and more people are bringing you their clothes.
Laundry Business in Nigeria is very lucrative.
6. Blogging Business
The blogging business is one of Nigeria’s most profitable businesses. More and more people prefer reading news on the web rather than in newspapers.
News blogs are gradually replacing newspapers for many people. This presents tremendous opportunities.
A full-time blogger in Nigeria makes over 20 million Naira per month from direct advertising, ad networks, affiliate marketing, product sales, sponsored posts, and more.
7. Transport Business
There has never been a business more essential to human life than transportation. People are always on the move from work to the church, from church to mosque, from mosque to mosque, from city to city. People are always on the move.
If you have a car, you can register on Uber to earn extra money. You can buy buses, okadas, or Keke-napep for extra income.
The market is huge and very much in demand. People are constantly on the move!
8. Bottle/Sachet Water Business
The most important element of human existence is water. That is why pure water businesses are listed among the most profitable businesses in Nigeria.
This business in Nigeria is very profitable since there are 180 million people in Nigeria today who drink water.
There will always be people to buy your products, so this is a profitable endeavour.
9. Soap Making
Soap making is also a cool business one could start with little capital. You really don’t have to worry about so many things when you want to start this business.
As learning to make soap isn’t really difficult, you could make money from this venture by making soap and taking it for household use.
You can even go as far as taking yours to the market. But you will need a lot of branding to really sell well.
10. Mini Importation Business
Goods shipped from abroad sell very well in Nigeria. So this is another goldmine if you’re looking to start a small business that can fetch you reasonable profits.
You can engage in this business by ordering goods from abroad from sites like Alibaba, Aliexpress, Wish or Amazon and selling here in Nigeria.
You can do this on a small scale and break even from it. You only need the right information and the determination to succeed.
11. Beauty Salon
When it comes to looking beautiful, Nigerians are at the forefront. They want to attend a wedding and have people keep talking about their looks long after the wedding. Yes o, in Naija, we gat styles. And what does this mean for businessmen and women like you?
Today, tying a gele or headgear is money, not to talk of making up for brides or an owambe guest as they prepare to wow that event they plan to attend.
Need we say that this is also one of the profitable business opportunities in Nigeria you can start with.
Can you take a great shot and make people look even more beautiful than they really are? Then good news for you. You can begin a photography business that will generate you consistent income.
Equipped with your camera and your skills, you can make good money taking pictures of people at weddings, graduation and other ceremonies.
You can even get yourself an affordable digital camera or better still, an iPhone or an OPPO or a smartphone with great pixel to take the best shot of your choice.
See, you really do not need to have everything to start this business, just your smartphone and probably a laptop for editing.
13. Home Cleaning
As one of the profitable business ideas in Nigeria with low capital, a home cleaning service can fetch you reasonable bucks regularly. Nowadays, people get busier with one job or another engagement here and there and yet the idea of hiring a housemaid is a big No.
So here’s where you come in. You only need to agree to clean the house and nothing more. And at the end of the day, you depart with a tangible amount for your effort. Cool, isn’t it?
14. Event Planning
With nearly all the Saturdays and Sundays in Nigeria already booked for parties and owambes, you should consider this business of event planning.
As a good event planner, you can make a substantial amount from this venture when you pitch people who are planning one event or another.
This is also one of the profitable business opportunities in Nigeria today.
15. Mobile car wash Business
Car wash is a top small Business in Nigeria Mobile auto car wash eliminates the need for a physical business location, therefore limiting start-up costs considerably.
Start a mobile car detailing business with inexpensive supplies and tools and grow as needs arise.
As a mobile detailer, you will perform jobs in customer parking lots, driveways and garages, giving you the advantage of visibility for marketing purposes.
The downside includes not being able to work outdoors in inclement weather and the limitations of having to travel with all necessary tools and supplies, including large quantities of water.
16. Freelance Writing Business
It’s very possible to become either a full-time freelance writer earning a living, or to be a part-time freelancer supplementing a regular paid income.
Another role is to simply do it for fun or to build up a broader portfolio of skills.
16. Baby Sitting
People who like children and have a lot of leisure time in hand can easily start a babysitting business. Babysitting is simply taking care of other’s children in the absence of their parents.
This home-based business is simply offering your clients peace of mind about their child in terms of qualifications and security. It is a good money-making business for ladies in Nigeria.
There is a good demand for quality tutors in Nigeria. You can help students for preparing themselves for exams and help them in completing project assignments.
You can also opt for online tutoring if you have a computer with an internet connection. Tutoring is a good way of making a handsome income especially for high school and Nigerian college students.
18. Gaming Business
There are a lot of people who love games. This should be one of the things that should drive you. Starting a gaming business requires that you first lean the ropes from those who have gone before you.
After you have done that, then you can begin to look at how to set your own business up. By buying a PlayStation console, TV, generating set, Chairs, Fan.
19. Sales of Mobile Phone Accessories
Sales of mobile phone accessories is a very profitable business in Nigeria today.
According to Statista, the number of phone users in Nigeria is projected to grow to more than 140 million in 2025.
There are likely chances of the mobile phone owners to need one or two phone accessories every now and then.
Selling mobile phone accessories can’t be a bad idea.
Amongst the common accessories in demand include, batteries, airpod, battery chargers memory cards, earpieces, pouches, screen guards, etc.
You can partner with vendors at Computer Village (Lagos) to get your supplies or you can get them from online stores.
20. Egg Supply and Distribution
Egg supply and distribution isn’t a bad idea, you can as well own a poultry farm to make things easier for yourself.
You can be supplying the eggs to hotels and to retailers.
The egg is consumed on a daily basis and it is a good source of animal protein.
Apart from that, eggs are used in the manufacture of products such as soaps, confectioneries, cosmetics, hair conditioners, shampoo, glue as well as face masks etc.
Hence, egg supply and distribution is a very profitable business idea to start in Nigeria make money.
As you build your customer base, the business will grow and you will make more profit.
A person who wants to start a business in Nigeria does not need to overthink it. Worrying over how you can start with a large amount of capital should not be the first thing you think of.
The key is to identify the type of business you want to start. And when you examine our list of small business in Nigeria, you’ll discover that it isn’t that challenging to start a profitable business.