Are you looking for opportunities for investment in Nigeria? Do you want to know the best business opportunities in Nigeria you can start with little capital or no capital? This article will list them out and give a brief explanation on them.
Investing in Nigeria is the best decision anyone can make. There are businesses making millionaires around the world, which is also taking effect in Nigeria.
Nigerian’s are not lazy, but the problem facing the Nigerian citizen is lack of capital to start their own business and again is FEAR. Yes “FEAR”. This have many meaning in Nigerian businesses, For example: Fear of loosing money, fear of business downfall or failure, fear of not making it.
Irrespective of all these challenges, Nigerians are still eager to venture into any small capital business opportunities here in Nigeria.
Lucrative businesses are always coming out everyday, it is now left for the individual to grab the opportunity.
Nigeria has a population of 200 million + people, that’s very huge; is it not wonderful doing business in Nigeria? Absolutely YES, it gonna be a success if done well. Without wasting much time, let’s dive in on the purpose of this article. Read On!
21 Lucrative Businesses You Can Start With Little Or No Capital In Nigeria
Here are successful businesses in Nigeria, you can start with little or no capital:
(1) Popcorn Business
There are lot of money to be made from this business. Popcorn is widely consumed by Nigerians, and many people prefer it as their snacks. Popcorns are high in demands in occasions, party, ceremonies, etc.
This business is the cheapest business with little capital in Nigeria. Why not consider this business?
(2) Snail Farming
Snails are very popular in Nigeria and has a huge demand in markets due to it’s delicious taste. You can start making good income through snail farming in Nigeria. It is a low risk business and one of the examples of small businesses in Nigeria.
(3) Car Wash Business
This business involves washing and cleaning peoples car in exchange for money. Majority of car owners in Nigeria finds it hard to wash their own cars especially most of this rich men (due to their limited time. This is what brings about the profitability of car wash business.
You will need proper training on the techniques needed in washing cars. This business is not capital intensive on small scale.
(4) Internet Business
Online business opportunities have been thriving seriously in Nigeria.
There are low capital online businesses you can fit in: like Blogging, Affiliate marketing, Freelancer, Online consultant, etc.
(5) Phone Repair
Phone repair business is a lucrative business in Nigeria. There are lots of phones getting spoilt daily and it requires the service of a phone repairer. Before you start this business you will need a good location, Your location will determine the amount of customers you will get.
(6) Poultry Farming
Poultry farming is a profitable business, although it is a risky business, seriously it requires good and proper management.
You can start a backyard poultry farming which requires little capital. There is a huge profit on this business.
(7) Bead Making
Bead making business is currently booming in Nigeria. The demand for beaded materials like bags, necklace, bangles, earrings are very high. This business requires little capital like N10,000 to get started and it is very profitable.
The only requirements needed to start this business are: Creativity and Capital (CC).
(8) Fruit Salad Business
Fruit salad business involves selling different varieties of fruits like cucumber, apples, pineapples, bananas, pawpaw, carrots, watermelon, grapes. The demand for fruit salad is relatively high especially in urban areas.
Before you start this business, ensure you can mix fruits to form a good tasty fruit salad, start by mixing small quantities for friends and families.
(9) Cake Production
The cake production is a profitable business in Nigeria that requires small capital. Cake is the most consumed baked snacks in Nigeria, The demand for cakes especially at Birthdays, Wedding, Events and Anniversaries is very high. Cakes are very cheap to purchase.
The cost of starting this business all depends on how you want to get started. Make research and get necessary trainings before getting started.
(10) Selling Of Cell Phones
Technology keeps on increasing daily. 90% of Nigerians own a phone, And 70% still want to buy new phones. Phone selling business is a lucrative venture for serious mind. Understand the market and have business plan for your business.
Location of your phone shop matters a lot, Site your phone business where people can easily notice you.
(11) Footwear Business
Everyone needs footwear. The lucrativeness of footwear business is very high. Starting this business in Nigeria is very easy, First you need to get the necessary training’s, then good business location, and choose the part to specialize in (Whether children’s wear, women or men’s wear) and a marketing skills.
(12) Soap Making Business
Soap is a daily use products, And soap making is a very profitable business here in Nigeria. You will need training, capital, and equipments for your soap making business.
(13) Graphic Designing
Graphic design is a business of using images, motion or topography to make a design (visual concepts). Before establishing this business, you will need business plan on how to run your graphic design business.
You can run this business from home, don’t forget that marketing is very important in generating income for your business (So have a marketing plan).
(14) Barbing Salon
Barbing salon is one of the best business opportunities in Nigeria that requires little capital. Barbers do make money on a daily basis. Don’t overlook this business because it profitability is very huge.
(15) Dry Cleaning
Laundry or dry cleaning services are a successful business in Nigeria which does not require any huge capital. This business can be run from home. Get more knowledge on the business model and get started.
(16) Hair Salon
If you are looking for small capital businesses that yield income on daily basis, then consider hair salon. Some think this business is only for the ladies, but eventually, men do engage in this business.
You will need experience, capital and nice location in order to startup this business.
(17) Watermelon Farming
Watermelon is one of the most cultivated crops in Nigeria and it is widely consumed by Nigerians. Take on the necessary steps needed to start this business.
(18) Bakery Business
Bakery business is one of the most lucrative businesses one can start in Nigeria. The demand for baked products like breads & cake are high and it still needs more bakeries to fill in those demands.
This business requires proper training, planning and applying the right strategies. Bakery is not a difficult business, but it requires total dedication.
The photography business is very easy to start. It requires training and been experienced, it takes time for you to become a professional on it. The market is HIGH! There are various events like weddings, birthday, anniversaries etc, they all require the services of a photographer.
Start this business and you will enjoy the fun & income that comes from it.
This business is very lucrative in Nigeria, But not many people have an idea about it. You can make money through drawing and sketching (cartoons), this business requires creativity.
Cartoon business can make you be your own boss, it is quite rewarding.
(21) Jewelry Business
This business of jewelry can be profitable!, almost everyone walking on the streets has jewelries (most especially ladies).
This business is very easy to start, run and managed. You can do this business either part time or full time. Do research on the requirements needed to run this business.
- Before starting a business, it requires an idea, then passion and the next step is BUSINESS PLAN AND MARKETING PLAN. All these businesses mentioned here are some of the profitable businesses in Nigeria with low investment. Start Today And Enjoy The Benefits!!!