Even though there are many profitable businesses one can start in Nigeria, it is good to know that they are profitable more than one another. In this article, we will explore 20 of the most profitable businesses in Nigeria that require low capital.
With little capital, you can start a business and become the boss yourself. This article is aimed to guide you and show you those businesses you can start in Nigeria without having to break your savings.
20 Most Profitable Businesses in Nigeria with Low Capital
The following is the list of the top 20 most profitable Businesses in Nigeria that you can start with low capital:
1. Poultry Farming: Poultry farming is a highly profitable business in Nigeria, with a high demand for chicken and eggs. You can start small by buying a few chickens and gradually expanding your flock. With proper care and management, poultry farming can be a lucrative business.
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| Poultry farm in Nigeria |
Another good reason why you should start Poultry farming is that you can start small in your compound and expand later.
2. Catering Services: Nigerians love food, and catering services are always in high demand for events and parties. The food business is one of those businesses that is moving very fast here in Nigeria and you should take advantage of that.
Starting a catering business requires minimal capital, and you can gradually build your reputation and client base. People will start looking to buy from you especially when your food is tasty.
3. Car Wash Services: Car wash services are in high demand in Nigeria, with many car owners looking for affordable and efficient ways to keep their cars clean. Starting a car wash business requires minimal capital and it gives a high income.
Car wash in my area charges around #3,500 - #9,000 per wash depending on the car you brought. Imagine washing 10-15 cars per day, you are going to make a lot of money.
4. Hair Salon: Hair salons are a lucrative business in Nigeria, and many people are looking for quality hair care services. Starting a hair salon requires minimal capital, and you can gradually build your reputation and client base as time goes on.
5. Cleaning Services: Cleaning services are in high demand in Nigeria, with many people looking for affordable and efficient ways to keep their homes and offices clean. Starting a cleaning business in Nigeria requires minimal capital, and you can gradually expand by offering additional services.
6. Freelance Writing: Freelance writing is a great business opportunity in Nigeria, with many businesses and individuals in need of content for their websites and publications. Starting a freelance writing business requires minimal capital, and you can gradually build your reputation and client base.
7. Snacks and Confectionery: Snacks and confectionery businesses are highly profitable in Nigeria, with a large market for snacks such as popcorn, doughnuts, and cakes. Starting a snacks and confectionery business requires minimal capital, and you can gradually expand by offering additional products.
8. Event Planning: Event planning is a lucrative business in Nigeria, with many people looking for professional event planners to organize their parties and events. Starting an event planning business requires minimal capital, and you can gradually build your reputation and client base.
9. Fish Farming: Fish farming is a profitable business in Nigeria, with a high demand for fish in the market. Starting a fish farming business requires minimal capital, and you can gradually expand your farm as your business grows.
10. Laundry Services: Laundry services are in high demand in Nigeria, with many people looking for affordable and efficient ways to keep their clothes clean. Starting a laundry business requires minimal capital, and you can gradually expand by offering additional services.
11. Photography: Photography is a lucrative business in Nigeria, with many people in need of professional photography services for events and businesses. Starting a photography business requires minimal capital, and you can gradually build your reputation and client base.
12. Fashion Design: Fashion design is a profitable business in Nigeria, with a large market for clothing and fashion accessories. Starting a fashion design business requires minimal capital, and you can gradually build your reputation and client base.
13. Online Tutoring: Online tutoring is a growing business in Nigeria, with many students in need of additional support for their studies. Starting an online tutoring business requires minimal capital, and you can gradually build your reputation and client base.
14. Mobile Phone Accessories: Mobile phone accessories are in high demand in Nigeria, with a large market for phone cases, chargers, and screen protectors. Starting a mobile phone accessories business requires minimal capital, and you can gradually expand by offering additional products.
15. Digital Marketing: Digital marketing is a growing business in Nigeria, with many businesses in need of online marketing services. Starting a digital marketing business requires minimal capital, and you can gradually build your reputation and client base.
16. Computer Repair: Computer repair services are in high demand in Nigeria, with many people in need of repairs for their laptops and desktops. Starting a computer repair business requires minimal capital, and you can gradually expand by offering additional services such as selling accessories like phone chargers, cables, and memory cards. In short, if you are good at what you do, people will start looking for you to give you jobs that will fetch you a lot of money.
17. Soap and Detergent Making: Soap and detergent making is another profitable business in Nigeria, with a large market for cleaning products. Starting a soap and detergent-making business requires minimal capital. Liquid soap ingredients do not cost much. I have an aunt that is into soap making, so I know what I'm talking about. With low capital, you can start making liquid soap and sell it in schools, motor parks, and your home environment.
18. Dropshipping: Dropshipping is a business model where you sell products online without holding inventory. This is a great business opportunity in Nigeria, as it requires minimal capital and can be done from anywhere.
19. Web Design: Web design is a lucrative business in Nigeria, with many businesses in need of professional websites. Starting a web design business requires minimal capital, and you can gradually build your reputation and client base.
20. Social Media Management: Social media management is a growing business in Nigeria, with many businesses in need of professional social media management services. Starting a social media management business requires minimal capital, and you can gradually build your reputation and client base.
Conclusion
In conclusion, starting a profitable business in Nigeria with low capital is possible, and there are many business opportunities available. It is important to choose a business that you are passionate about and willing to put in the effort to make it successful. With the right mindset, dedication, and hard work, you can build a successful business in Nigeria.