Table of Contents
30. Daycare Center
Even after having children, the need to earn a living will always exist. As a result, if you’re seeking startup business ideas in Nigeria, you can start it right now.
Their services are absolutely necessary.
An excellent choice if you enjoy caring for children is opening a childcare facility. Before beginning this type of business, it’s important to keep in mind that you must properly register it in order to stay out of trouble with the law.
31. Exportation Business
Perhaps you believe that exportation businesses do not exist in Nigeria. I’m going to break your bubbles: Nigeria still has highly successful enterprises where you may invest in export.
One of the most lucrative international businesses in Africa is the export of raw commodities like cocoa, yam, vegetable oil, cassava, palm oil, textiles, groundnuts, etc.
On the international market, there is still a huge demand for these products. As a result, you can successfully launch an exportation business in Nigeria.
Consider starting an exportation business if you’re looking for a profitable buying and selling venture in Nigeria.
32. Car Dealership
Sales of autos, including cars, trucks, and other vehicles, have unquestionably proven profitable in Nigeria. Starting a car dealership business, particularly in Lagos, Nigeria, is sufficient to bring you a respectable quantity of profit given the people there.
If you don’t have enough money to start, you can work together with established car dealers in Nigeria until you can attract clients and generate enough money to operate independently.
33. Furniture Making
In Nigeria, everything from tables to bed frames, cushion chairs, iron chairs, and bookcases sell very quickly. A profitable business to go into is anything that enhances the attractiveness of homes.
A quick approach to make money conducting business in Nigeria is to start a furniture business.
34. Bouncing and Security Service
In Nigeria, starting a bouncer and security service company that provides services to clubs, wealthy people, and celebrities is a brilliant business idea.
You could generate passive revenue from this business.
35. Exportation Business
Perhaps you believe that exportation businesses do not exist in Nigeria. I’m going to break your bubbles: Nigeria still has highly successful enterprises where you may invest in export.
One of the most lucrative international businesses in Africa is the export of raw commodities like cocoa, yam, vegetable oil, cassava, palm oil, textiles, groundnuts, etc.
In the international market, there is still a huge demand for these products. As a result, you can successfully launch an exportation business in Nigeria.
Consider starting an exportation firm if you’re looking for a profitable buying and selling venture in Nigeria.
36. Starting a Pharmacy
One of the most lucrative businesses in Nigeria that you may start to earn money there is this one.
In Nigeria, opening a pharmacy can be quite lucrative, especially if you locate it in an area with a large population.
In Nigeria, you don’t have to be a doctor to open a pharmacy. To be accepted, you could, nevertheless, need a license.
37. Tomato Farming Business
In Nigeria today, agriculture is still one of the top business investments. This business is profitable and doesn’t cost a lot of money to start.
To establish a tomato business in Nigeria, it is essential to understand which varieties of tomatoes are in high demand.
As they will be better able to inform you about consumer demand, seed suppliers are a convenient source for this information.
Based on market demand, they know the fast-selling varieties, which ensure that the seeds you pick are good seeds that’ll grow well.
38. Consultancy
Are you an authority in this area? Do you possess a unique talent that you could impart to others?
Then you ought to think about launching a consulting company.
Sharing the knowledge and expertise you have accumulated over the years can earn you money. In Nigeria, running a consulting firm has the potential to make you a multi-billionaire.
You can consult for companies and individuals outside of Nigeria through this business and get paid in dollars.
39. Scriptwriting
You should launch this additional business venture in Nigeria. Writing and publishing novels, children’s books, comics, and movie scenes is a fantastic way to start living comfortably.
To be successful, your film does not need to be produced. You can still receive credit for your script even if you sell it. You can earn money doing what you love as a scriptwriter.
40. Sports Viewing Centre Business
Do you enjoy sports and want to earn money playing your favorite sport? Then, this is among the most affordable businesses in Nigeria to launch.
You only need to have a viewing area, a television, and a DSTV console to get started. As you develop, you can add a betting store to it.
This will make you a lot of money very quickly in Nigeria because football is one of the most popular sports there.
41. Forex Trading
This is another another successful business venture you can launch in Nigeria. Before you can flourish in this industry, you must, however, receive the necessary training and skills.
You can be guaranteed to make a lot of money from trading on the market once you have mastered the art of Forex trading.
You can also locate a Forex mentor who will show you the way to success.
42. Fitness Instructor
Many people are prepared to spend hundreds of naira in order to have the ideal figure. You can open a gym and provide your skills as a personal fitness trainer to people who need them.
Getting clients has been increasingly easier thanks to social media. All you have to do is make sure your gym center has the appropriate apparatus for your students.
43. Photography
Another profitable venture you might think about in Nigeria is photography. People wish to preserve memories of the many events that occur every day.
As a result, you can make money from this business quite quickly. As you build your firm, you will become more skilled and draw in more clients as your brand becomes more well-known.
Starting this business as a student in Nigeria is a fantastic idea.
44. Airbnb Rental Services
One of the quickest ways to make money in Nigeria is to rent out a property for a brief period of time.
The population is growing in most Nigerian cities, especially Lagos, making it profitable to start an Airbnb rental business.
All you need to do is post your home on the Airbnb website and other vacation rental websites, then you can begin accepting paying guests.
45. Printing Press
One of the oldest and busiest small businesses in Nigeria that is still profitable is this one. One of the popular and lucrative business ideas in Nigeria is starting a printing press operation where you can make items like news bulletins, magazines, banners, and flyers in bulk.
The printing press is one of the best business ideas to get rich quickly in Nigeria if you have the necessary resources and the appropriate geographic location.
FAQs on Top Lucrative Business Ideas in Nigeria to Start
Can I Launch a Business Without Any Funds?
Absolutely. You can launch a few enterprises with no upfront financial commitment. However, you will require a computer or mobile device, as well as access to the internet.
What kind of business can I start in Nigeria with ₦10,000?
You can launch a lot of enterprises with ₦10,000 or less. As was mentioned above, the list of hot new company ideas will serve as a roadmap for beginning your enterprise in Nigeria right now.
What kind of business can a Nigerian student start with ₦20,000?
As a student in Nigeria, there are a few enterprises that you may launch with 20k.
In Nigeria, you can start the following businesses with ₦20,000 if you’re a student: freelancing, photography, email marketing, ice-block manufacturing, and plantain chip manufacturing.
What Kind of Business Can a Student Start?
You can start a variety of enterprises while you’re still in school, from ghostwriting to working as a freelance content developer. Businesses can also use your social media management services.
Which businesses are currently in high demand in Nigeria?
All of the aforementioned businesses are in high demand in Nigeria. Please take a look at the list of profitable starting businesses in Nigeria that was just provided.
Summary
In Nigeria, a person’s ability to run a successful business mostly rests on that person (what goes well with you).
Before beginning any business in Nigeria, you need to take essential elements into accounts, such as the business’s location and the market’s demand.
As a result, some market research must be conducted. It’s crucial to work at something you love, that is in high demand, and that has a healthy profit margin.
We hope that these lists of the most lucrative businesses in Nigeria that require little startup money and new business opportunities in Nigeria will give you the motivation you need to get going.
