20 Small Business Ideas in Nigeria – Are you looking to start a small business in Nigeria this year? Well, do not worry, because I have got you covered. While many Nigerians are looking to become entrepreneurs and begin a small business but do not know what business to venture into. In this guide, you will discover the top 20 small business ideas in Nigeria that can earn you up to 10k and above profit daily and weekly.
Why Start a Small Business in Nigeria?
There are many reasons why you should begin a small business in Nigeria. First, Nigeria is known for its large population of over 200 million people. In other words, you can reach out to many customers for your products.
Secondly, the country has fast technological growth. This means that even if you run a physical business, you can go ahead and use online means to boost and market your products and services online.
Undoubtedly, Nigeria is known for its powerful culture of entrepreneurship. Moreover, a lot of people are very creative and innovative when it comes to opening a business. So, if you are someone with a lot of ideas and would like to put your skills and ideas to use, you can open a business and grow it yourself.
20 Small Business Ideas in Nigeria
Here are the top 20 business ideas in Nigeria that you can try out if you want to make your dreams come true:
- E-commerce Store.
- Food Delivery Service
- Health and Wellness Center.
- POS (Point of Sale).
- Real Estate.
- Fast food restaurants
- Laundry and Dry Cleaning Service
- Digital Marketing Agency
- Mobile food truck
- Solar Energy Installation
- Social media marketing business.
- Mobile App Development
- Event planning and management
- Transport Business.
- Beauty and Grooming Salon
- Copywriting Business.
- Poultry Farming.
- Personal Catering.
- Makeup Business.
- Photography Business.
Opening an e-commerce store in Nigeria is one of the best small business ideas you can have. Furthermore, a lot of people are turning to online shopping. Besides, you can also promote and boost the sales of your products online through this means. So, you can create an online website, use a powerful marketing strategy, and sell high-quality products. This way, you will be able to build a successful store online.
Food Delivery Service
Next on the list is the food delivery service. Due to the rise of online food delivery services like Uber Eats and Jumia Food, you can begin your food delivery service in Nigeria. What’s more, you can also collaborate with local food restaurants to provide delivery services to interested customers in your community.
Health and Wellness Center
Health is wealth, they say, and a lot of Nigerians are taking into consideration their health, so opening a wellness center is a very lucrative idea. Moreover, you can provide nutritional counseling, yoga classes, and fitness training.
POS (Point of Sale)
POS is one of the most popular and lucrative businesses to start, especially in Nigeria. Furthermore, thanks to cashless transactions, this could work in your favor. So, to start, follow the right procedure, obtain a POS from any legit agencies, and start.
Real estate is a profitable business not only in Nigeria but in other parts of the world. What’s more, the market is expanding rapidly, creating more opportunities for new businesses. But if you want to start, you need to make sure that you use the right strategy and technology to create your own business and start making money.
Fast Food Restaurants
A lot of people eat fast food when they are in a hurry or do not feel like cooking. But if you start this type of business, you will find that you will have a lot of interested potential customers. However, you need to make sure that your food is prepared under hygienic conditions and is made with the best ingredients. By doing this, you will find out that a lot of people will want to purchase from you.
Laundry and Dry Cleaning Service
For those who are not aware, laundry and dry cleaning services are in high demand in the country, and it would be quite lucrative if you started up a business in this category. Besides, you will find out that it is profitable in areas with a high population.
Digital Marketing Agency
One of the best small business ideas in Nigeria is opening a digital marketing agency. As a digital marketer, you will be responsible for assisting businesses in boosting their online visibility through SEO, digital marketing strategies, and social media marketing.
Mobile Food Truck
This is another popular and lucrative business in Nigeria. Though it may not sound like much, it is indeed profitable. Moreover, a lot of customers and final consumers find this means very convenient and comfortable. It is also very affordable.
Solar Energy Installation
This may not sound like a good business idea, but it is. Furthermore, Nigeria is known to experience a lot of power shortages, and a lot of residents have turned to solar energy instead of generators. So, if you have the experience to install solar energy equipment, then what are you waiting for?
Social Media Marketing Business
A social media marketing business is a good business idea to become an entrepreneur in Nigeria. Furthermore, brands and business owners are looking for social media managers who can help them promote their businesses on various social media platforms and meet marketing goals as well.
Mobile App Development
A lot of business owners are searching for mobile app developers who can work with them and help them. This is also a very profitable business to start in Nigeria. So, when you work with these companies, you can assist them in designing custom mobile applications.
Event Planning and Management
Nigerians love celebrations and special events, and if you have excellent planning skills, you can set up a business in Nigeria. But sure, you have the skills and experience to open this type of business. If you do, you will get recommendations and great reviews as well.
I am sure you are aware of the population of Nigerians, and a lot of them take public transportation to move from one place to another. So, if you are looking to start your own business and you have an interest in transport, you can own a vehicle and begin to take people from place to place while you earn money daily.
Beauty and Grooming Salon
This is another good small business idea in Nigeria. Furthermore, a lot of people are willing to pay money to groom their hair. So, if you are a hair stylist or a barber, this is an amazing business opportunity you can dive into.
To be able to start this type of business, you need to be creative, have an amazing level of writing skills, and be able to understand customers. Besides, this business idea is very lucrative, and you can start on your own or employ other workers.
Poultry farming is one of the most profitable businesses you can start in Nigeria. What’s more, there is a high demand for livestock, and it is a great way to start making money. But before you start, be sure to draw out a business plan, use the right strategy, and manage it well.
To be able to begin this type of business, you need to find out the pricing and advertise your business to people you know. As time goes on, you will be able to get more clients who are interested in using your services.
A lot of people go to parties, weddings, or special events every day, and to look good for these events, they visit make-up artists who can give them the best looks for the event. So, if you are skilled and have experience in this field, you can open your own makeup business in Nigeria.
This is a fun and lucrative business idea in Nigeria to try out. However, if you want to run this type of business, you need to make sure that you have the right equipment and provide excellent services to customers. Besides, the demand for photographers in Nigeria is very high, and you stand a chance to begin your own business and start making money.
There you have it. The above listed are the top and most lurcative 20 small business ideas you can start in Nigeria and earn cool cash. You can go through this list and find a business idea that suit your need.