Look no further! In this article, we will explore 13 lucrative business ideas that you can start with just 100,000 Naira in Nigeria.
These businesses are not only affordable to launch but also have the potential to generate a steady income. Let's dive in.
Businesses You Can Start With 100k In Nigeria: 13 Most Profitable
Below are the list of Lucrative businesses you can start with 100k in Nigeria;
1. Poultry Farming:
Investing in poultry farming can be highly profitable. With 100,000 Naira, you can acquire chicks, feed, and basic equipment. Start small by rearing a few birds and gradually scale up as you generate profits.
2. Snail Farming:
Snail farming requires minimal space and resources. With your 100,000 Naira, you can purchase snails, construct a small enclosure, and provide them with the necessary food and care. Snail meat is in high demand, making it a lucrative venture.
3. Fish Farming:
Setting up a fish farm is a great business opportunity. Allocate funds to purchase fingerlings, fish feed, and basic equipment like tanks or ponds. Fish is a staple food in Nigeria, ensuring a constant demand.
4. Popcorn Production:
Popcorn is a popular snack loved by many Nigerians. With 100,000 Naira, you can invest in a popcorn machine, kernels, packaging materials, and marketing. Sell your tasty popcorn at local events, schools, and markets.
5. Ice Block Production:
In Nigeria's hot climate, ice blocks are in high demand for cooling purposes. Start an ice block production business by purchasing an ice block machine, plastic bags, and a freezer. Supply to restaurants, shops, and individuals.
6. Mobile Food Vending:
Nigeria's bustling cities offer a vast market for mobile food vending. Invest in a food cart, cooking equipment, and ingredients. Target high-traffic areas such as office complexes, schools, and marketplaces.
7. Event Planning:
Event planning is a thriving industry in Nigeria. Use your budget to register your business, create a website, and purchase essential planning tools. Network with vendors, caterers, and venues to offer comprehensive event planning services.
8. Fashion Designing:
If you have a flair for fashion, start a small tailoring business. Use your funds to buy a sewing machine, fabrics, and accessories. Offer customization and alteration services to clients in your community.
9. Hair Salon:
Invest in basic hair salon equipment, such as styling chairs, hair dryers, and beauty products. With proper training or hiring a skilled stylist, you can attract customers seeking trendy hairstyles and grooming services.
10. Soap Production:
Nigeria's large population ensures a steady demand for soaps. Purchase raw materials, molds, and packaging materials to produce and sell different types of soap. Market your products locally or online.
11. Digital Marketing Agency:
Tap into the growing demand for digital marketing services. Set up a website, invest in online marketing tools, and acquire relevant certifications. Offer social media management, content creation, and SEO services to businesses.
12. Cleaning Services:
As urbanization continues, cleaning services are in high demand. Allocate funds to buy cleaning supplies, equipment, and marketing materials. Target residential complexes, offices, and commercial spaces.
13. Tutoring:
If you have expertise in a particular subject, consider offering tutoring services. Invest in teaching materials, create a study space, and promote your services within your local community or online.
Conclusion:
Starting a business with a limited budget is challenging but not impossible. With 100,000 Naira, you can venture into various profitable businesses in Nigeria. Remember to conduct thorough market research, develop a solid business plan, and provide excellent service. With these, you can excel with 100k in Nigeria.