Nigeria is a country with a population of over 200 million people and a vibrant economy. There are many opportunities for entrepreneurs who want to start a small business in Nigeria with a small capital. In this article, we will explore some of the best business ideas that you can start with less than 100,000 naira (about $250) and make a good profit.
Baking and Snacks
Baking and snacks are popular products that have a high demand in Nigeria. You can start a baking and snacks business by making cakes, bread, cookies, pies, doughnuts, chin-chin, plantain chips, and other delicious treats. You can sell your products to customers directly or supply them to shops, schools, offices, and events. To start this business, you will need a baking oven, baking pans, mixing bowls, measuring cups, spoons, ingredients, packaging materials, and a good recipe book. You can also learn how to bake from online tutorials or attend a baking class. You can start this business with as low as 50,000 naira.
Mobile Phone Accessory
Mobile phone accessory is another lucrative business that you can start with less than 100,000 naira in Nigeria. Mobile phone users are always looking for accessories such as chargers, earphones, power banks, phone cases, screen protectors, memory cards, and more. You can source these products from online platforms such as [Jumia] or [Konga] or buy them from local wholesalers at a cheaper price. You can sell your products online or offline by setting up a small shop or kiosk in a busy area or market. You can also offer services such as phone repair, unlocking, and flashing to increase your income.
Selling Second Hand Clothes Known as Okrika
Okrika is the Nigerian term for second hand clothes that are imported from abroad. Okrika clothes are very popular among Nigerians because they are affordable, fashionable, and durable. You can start an okrika business by buying bales of clothes from dealers or importers and sorting them according to quality, size, and type. You can sell your clothes at a higher price to customers or retailers in markets, streets, or online platforms such as [Facebook] or [Instagram]. You can also specialize in selling specific items such as shoes, bags, jeans, dresses, or children’s wear. You can start this business with as low as 30,000 naira.
Road Side African Snacks like Akara and Potatoes
Akara and potatoes are two of the most common roadside African snacks that you can find in Nigeria. Akara is a fried bean cake that is usually served with spicy sauce or stew. Potatoes are boiled or fried tubers that are eaten with pepper sauce or ketchup. These snacks are cheap, tasty, and filling. You can start a road side African snacks business by buying akara and potatoes from local farmers or markets and frying them on a large pan over firewood or gas. You will also need oil, salt, pepper, sauce ingredients, plates, spoons, napkins, and a table or cart to display your products. You can sell your snacks to pedestrians, motorists, students, workers, and other customers who are looking for a quick bite. You can start this business with as low as 10,000 naira.
Dried Fish Selling
Dried fish selling is another profitable business that you can start with less than 100,000 naira in Nigeria. Dried fish is a preserved fish that is dried under the sun or smoked over fire. Dried fish is widely used in Nigerian cuisine as a source of protein and flavor. You can start a dried fish selling business by buying dried fish from fishermen or wholesalers and selling them to customers or retailers in markets or shops. You will need a scale, a knife,
a basket or sack to store your products. You can also add other products such as crayfish,
stockfish,
or prawns to diversify your offerings. You can start this business with as low as 20,
000 naira.
Underwear Selling
Underwear selling is another simple and lucrative business that you can start with less than 100,
000 naira in Nigeria. Underwear is an essential item that everyone needs and buys regularly.
You can start an underwear selling business by buying underwear from online platforms such as [AliExpress] or [Alibaba] or from local wholesalers at a low price.
You can sell your underwear online or offline by setting up a small shop or stall in a busy area or market.
You can also offer delivery services to your customers for convenience.
You can specialize in selling different types of underwear such as bras,
panties,
boxers,
briefs,
camisoles,
or nightwear.
You can start this business with as low as 40,
000 naira.
Soap Production
Soap production is another creative and profitable business that you can start with less than 100,
000 naira in Nigeria. Soap is a product that is used for washing,
cleaning,
and bathing purposes.
You can start a soap production business by making soap from scratch or using a soap base.
You will need ingredients such as oils,
lye,
water,
fragrance,
colorants,
and molds to make your soap.
You can also add other ingredients such as herbs,
flowers,
seeds,
or exfoliants to make your soap unique and attractive.
You can sell your soap online or offline by packaging them in attractive wrappers or boxes and labeling them with your brand name and logo.
You can also offer customized soap for different skin types or occasions such as weddings,
birthdays,
or anniversaries.
You can start this business with as low as 30,000 naira.
Noodles Kitchen
Noodles kitchen is another easy and profitable business that you can start with less than 100,000 naira in Nigeria. Noodles are instant noodles that are cooked in boiling water and served with sauce, vegetables, eggs, meat, or fish. Noodles are a popular and affordable meal that many Nigerians enjoy. You can start a noodles kitchen business by buying noodles from supermarkets or wholesalers and cooking them in a large pot over firewood or gas. You will also need sauce ingredients, vegetables, eggs, meat, fish, plates, spoons, napkins, and a table or cart to display your products. You can sell your noodles to customers who are looking for a quick and satisfying meal. You can start this business with as low as 15,000 naira.
Farming
Farming is another rewarding and profitable business that you can start with less than 100,000 naira in Nigeria. Farming is the cultivation of crops or animals for food, fiber, or other products. You can start a farming business by renting or buying a piece of land and planting crops such as maize, cassava, yam, rice, beans, tomatoes, pepper, okra, or plantain. You can also raise animals such as chickens, goats, pigs, rabbits, or snails. You will need seeds, fertilizers, pesticides, tools, feed, water, and shelter for your farm. You can sell your farm products to customers or retailers in markets or shops. You can also process your farm products into other products such as flour, oil, cheese, or meat. You can start this business with as low as 50,000 naira.
Roadside Food; Rice and Beans
Roadside food; rice and beans is another popular and profitable business that you can start with less than 100,000 naira in Nigeria. Rice and beans are staple foods that are cooked together or separately and served with stew or soup. Rice and beans are cheap, nutritious, and filling. You can start a roadside food; rice and beans business by buying rice and beans from local farmers or markets and cooking them in large pots over firewood or gas. You will also need stew or soup ingredients such as tomatoes, pepper, onions, oil, salt, spices, meat, fish, or vegetables. You will also need plates, spoons, napkins,
and a table or cart to display your products. You can sell your rice and beans to customers who are looking for a hearty and affordable meal. You can start this business with as low as 25,
000 naira.
Production of Organic Skin Care
Production of organic skin care is another innovative and profitable business that you can start with less than 100,
000 naira in Nigeria. Organic skin care is the use of natural ingredients to make products that nourish,
protect,
and beautify the skin.
You can start a production of organic skin care business by making products such as soap,
cream,
lotion,
scrub,
mask,
toner,
or serum from natural ingredients such as honey,
shea butter,
coconut oil,
aloe vera,
cocoa butter,
turmeric,
lemon juice,
or oatmeal.
You will need containers,
labels,
and packaging materials to store and sell your products.
You can sell your products online or offline by creating a website or social media page for your brand and marketing them to potential customers.
You can also offer free samples or discounts to attract more customers.
You can start this business with as low as 40,
000 naira.
Phone Charging Business
Phone charging business is another simple and profitable business that you can start with less than 100,
000 naira in Nigeria. Phone charging business is the provision of electricity to charge mobile phones for a fee.
You can start a phone charging business by buying a generator,
a stabilizer,
extension cords,
and multiple sockets to power up your charging station.
You will also need a secure place to to start the business.
These are just a few examples of low-cost business ideas that you can start with less than 100,000 Naira in Nigeria. Remember to conduct thorough market research, develop a solid business plan, and provide excellent customer service to increase your chances of success.
Please note that starting any business requires dedication, hard work, and continuous learning. It’s important to adapt your business strategy based on market trends and customer feedback.
I hope this information helps you get started on your entrepreneurial journey! 🚀