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Today, we will be looking at the most lucrative businesses in Nigeria that anyone can start with little or big capital. These lucrative business ideas are very profitable. They have the capacity to make anyone successful if well handled. Whether you are an employee who wants to have multiple income streams, or you are a student who has decided to venture in a business during holidays and strikes, now is the best time to start a lucrative business in Nigeria with average capital.
Here’s a list of some lucrative businesses in Nigeria:
1. Agriculture business
Agriculture business is one of the most lucrative businesses in Nigeria, agriculture business is an evergreen business. As long as human exists, agriculture business will continue to strive. This makes it a very important business. Examples are; snail farming, fish farming, pig rearing, cattle rearing, poultry and so on.
2. Furniture business
The market for furniture business in Nigeria is huge and demand is high. People seat on furniture, sleep on furniture. Kitchen – furniture, sitting room – furniture. Companies need furniture. We are surrounded by furniture. This makes is a product that people will always need as an essential commodity.
3. Food business
Food business is an evergreen business in Nigeria. People will always eat! No matter the state of the economy, it is an important thing people can never do without. This is a business without season and the demand is daily. In addition to this is the food supply business to events, companies, conferences, seminars, banks and so on. This remains a highly lucrative business in Nigeria.
4. Fashion business
Fashion business is always very much in high demand in Nigeria. People need clothes to go to work, school, occasions e.t.c. It is obvious that Nigerians love parties like weddings, anniversaries, birthdays, end-of-the-year gatherings. You can go into local fashion designing and open a boutique, sell imported clothes.
5. Dropshipping business
Dropshipping business gives you the opportunity to run your own online shop without a warehouse or need the need to have products. All you need to do is open an online store on platforms like shopify, flutterwave, e.t.c. After which you then copy inventory from manufacturers or suppliers and put them in your online shop. Whenever anyone orders, the supplier will ship to them and you get your own share of money!
6. Dry Cleaning business
Companies, professionals, and organizations make use of dry cleaning services very often. This business is very lucrative in the city.
7. Transportation business
People are always moving. Moving to work, church or mosque or moving from city to city. With over 150 million people in Nigeria on the move, this business is highly lucrative. You can start with small capital or big capital. As a side hustle, you can drive Bolt or Uber or even buy okada, keke-napep or buses.
8. Social media marketing
Social media marketing is all about using social media to generate leads and traffic for businesses. You can work as a freelancer and help businesses promote and sell products via social media.
9. Real Estate business
Real Estate business has always been one of the most lucrative businesses in Nigeria and globally. As population continue to increase, real estate business will continue to boom. As people need shelter when they move from one place to another.
10. Hotel business
Hotel provides shelter for people who move from one place to another either for pleasure or business. You could also run additional services within the hotel like event hall where people rent for events, bar and restaurant.
11. Blogging Business
Blogging has enormous opportunities as more people prefer to read news, gists, updates online than newspapers. Bloggers make money through direct advertisement, ad networks, affiliate marketing, product sales, sponsored post, partnerships and many more.
12. Cake and Cupcake Bakery
Baking, decorating, and selling unique cakes and cupcakes for such occasions is a great business idea for the hobby baker to venture into, and one that is potentially lucrative. You can get started on a very small budget by baking and decorating your cakes right from the comfort of your kitchen.
13. Sales of Mobile Phone Accessories
Sales of mobile phone accessories is a very profitable business in Nigeria today. Most 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 like Amazon, Alibaba, etc.
14. Egg Supply Business
Egg supply and distribution is a very profitable business idea to start in Nigeria make money in 2021. Eggs are used in baking and also in the manufacture of products such as soaps, confectioneries, cosmetics, hair conditioners, shampoo and so on.
15. Car Wash Business
Car wash business is very lucrative as most car owners don’t have the time to wash their cars by themselves. The requirements to start a car wash business is the space that can be rented, source of water supply and the washing machine to be used.
16. Call Card Business
Call cards can be sold almost anywhere in Nigeria today. In offices, besides the road, at restaurants and eateries, etc. It’s a lucrative business anyone can start in Nigeria with little capital.
17. Supermarket/Business Store
Owning a supermarket is a profitable business in Nigeria. However, this would require a big capital to set up. You can set it up within your house, estates, locality or any other good location. You can employ the services of a sales boy or girl and pay them either weekly or monthly if you’re in the working class.
18. Cosmetics and Hair Saloon Business
Cosmetic and hair salon is a very profitable business in Nigeria and every part of the world as people naturally want to look good. You could open a unisex salon and have a team that services the needs of both male and female customers.
19. Freelancing Business
You an start a freelancing business in content writing, software/web development, photography, videography, graphics designing, video editing, or in any skill you’ve already acquire or plan to acquire.
20. Daycare Centre
If you have love and required skills for taking care of kids, you can open a day care centre to help busy parents take care of their kids.
These are just some out of many other lucrative businesses you can start either as a side gig or full time business in Nigeria with little or big capital.
Good luck!!!
