Top One Hundred 100 Small Businesses To Start Up With One Hundred Thousand 100,000 Naira; Best Business to Start IN NIGERIA 2018

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Business start up
Start up
  • Laundry
  • Gift Baskets
  • Scrap Sales
  • Gas Retail…

Best small business to do in Nigeria, Best Business to Start in Nigeria, What Business Should I start in 2018

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This is a well researched list of the top one hundred small businesses one can start in Nigeria immediately. Have you been thinking of a good business to start with small capital? If you have been waiting for millions, then, this post is for you. However, relax and read to the end. As a matter of fact, you will discover what suits you the most.

Before we set out on this journey, I’ll like to advice you to see the income as secondary. Your primary aim in starting any business should not be to make profit, but to provide a service. Have it in mind that if money is your main drive, you may get frustrated in the early stages. We understand how tough it could get in the beginning. Hence the reason for this little piece of advice. The truth is that  profit is a natural implication of consistently solving problems.

Raising Capital for Your Business

Table of Contents

In the first place, raising capital is not easy. However, having the right idea for your budget is by far harder. Are you a youth corps member, working or simply unemployed? Do you have as little as fifty thousand naira (50,000), or even 19,800? If no, read here to know how to raise capital.

Otherwise, join me on our business journey. Furthermore, do not hesitate to consult us for further info and advise.

How To Point Out The Best Business For You

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First of all, the I.M.F has predicted about 3.4 percent growth in 2018. Inspite of this, there is no guarantee for more jobs in Nigeria. In short, the only hope is in entrepreneurship. In view of this, the C.B.N has specially devoted huge resources to SMEs.This is obviously the best time to start up a business.

Now, one of the reasons most start-ups fail is following the crowd. You should not just take up a venture because it is working for someone else. Everyone is uniquely different. Look out for where you have comparative advantage. Next, let us review the businesses one after the other.

  1. Laundry. 

    You do not have a shop straightaway, do not worry. This is one business you can even do from the comfort of your home. As long as you can prove yourself trustworthy, business will come. In fact, most people do not care about your procedures. All they want is result after all.

  2. Poultry Farm.

    This is one of the most profitable businesses in Nigeria presently. On the more positive side, you have the power to decide your scale. In other words, go for what your capital can carry. Maintain a small scale, until you have all it takes to expand. Indeed, you are permitted to start small.

  3. Cake Making.

    Cakes are some of the most common features of celebration in Nigeria. They must be used as long as marriage or birthday ceremonies keep happening. Meanwhile, some of your customers could pay you in advance.

  4. Perfume, Soap and Detergent Production. 

    Almost every household in Nigeria uses detergent. You can cash in on this and make good returns.

  5. Barbing/Hairdressing.

    In this field, the most important factor is skill. Obviously, most people would prefer home service. It is important to realize that the most basic equipments are not too expensive.

  6. Recharge Card Business.

    Ordinarily, you can start selling recharge cards with almost nothing. In fact, no need to advertise. People would always recharge their phones after all.

  7. Refuse management.

    Ever thought of this before? You have probably heard the adage “cleanliness is next to godliness” countless times. You can go a step further. Just clear people’s refuse for a pay.

  8. Car Wash.

    I will continue to emphasize on starting small. You must not wait for high tech equipments. Even Innoson Motors started with spare parts.

  9. Make-up Art.

    Behind almost every beautiful woman is a make-up artist. Although it looks expensive, you could start with a make-up kit as little as 50,000 naira.

  10. Phone Accessories Sales And Repairs.

    With the right skills, you do not need much to start with. Less than 100,000 naira should get you the basic tools.

  11. Used Clothings.

    As a mater of fact, OK clothes and shoes are the most widely selling fashion wares. This is probably because of cost, as well as the quality. Most people have a taste for quality designs, but just can not afford them. The only viable alternative however is second hand clothing.

  12. Mobile Food Vendor.

    Have you ever imagined avoiding the stress of cooking, and yet not visiting a restaurant? A thousand and one people are surely facing this now. Why not cash in, and earn big.

  13. Private Classes.

    Many people face difficulties while preparing for exams. An example is JAMB. Since a lot of them are out of school, private classes would be appreciated.

  14. Property Agency.

    For the most part, being a property agent may not require great expertise or finance. All you need do is to look out for people who want to sell. Afterwards, connect them with buyers for a commission. You may equally involve other agents to ease your work.

  15. Computer Business Centre.

    This will work best around schools or offices. People are obviously going to require such services like photocopying and printing. No advanced computer skills are required.

  16. Viewing Centre.

    In Nigeria, one of the most followed events is sport. However, most people prefer paying tokens at viewing centres. This is mainly due to the NEPA factor, as well as the high cost of satellite systems.

  17. Internet Marketing.

    Do you have a good internet presence? You may start making money from your followers. There are many ways to make this happen. Follow our page for a step-by-step guide and advise on starting soon.

  18. Fish Farming.

    With the ongoing mass defection from meat, I’m sure you can see the huge market. Do not be scared, it is not too difficult to start. With a small parcel of land and a good water source, you are good to go.

  19. Blogging.

    Regardless of your location, or academic qualification, you could be the next big blogger. I’m sure you probably have heard about people like Linda Ikeji. You may start your blog, or team up with an existing blog like ours.

  20. Mini Importation and Exportation.

    Now, I have chosen to add “mini” so as not to scare some people. I believe they are both the same, whether big or small. First of all, you could start by trying out sites like Ali Express.

  21. Recruitment Agency.

    According to the National Bureau of Statistics, the economically active population stands at about 109 million, as at 2016. On the other hand, most employers complain of a shortage of adequate manpower. Just being a link could be a big business.

  22. Gas Retail.

    Unlike premium motor spirit (PMS) aka petrol, liquefied natural gas LNG has no retailing ban anywhere within Nigeria. A good number of people refill their cooking gas with small scale retailers. It is a good area to invest in. But before that, conduct a little research. Also, uphold necessary safety standards.

  23. Ice Block Sales.

    You may never understand the value of this business, until you have spoken with some street hawkers. Have you ever been held up by traffic congestion, and suddenly need a cool drink or water? Now, what do you think sustains the temperature of that drink? Of course it is Ice block. With no access to a freezer, those hawkers rely on others to produce the blocks. I would recommend you give it a try.

  24. Sports Betting Agency.

    Sports betting is the new oil business in Nigeria. Nairabet, Bet9ja, Lotto or even pools houses offer some agency packages you could take advantage of.

  25. Scrap Sales.

    Have you ever seen some scavengers offering to even buy your old, waste metals? Do not see them as fools, they would make a whole lot from the sale of those cheap waste to recyclers. Personally, my eyes are looking towards the nearest waste bin, LOL.

  26. Daycare centre/Creche.

    With a growing number of women joining the professional world, there is a growing need for someone to feel the traditional role of housewives. You would gain more from running your own centre, than being employed as a nanny.

  27. Haulage/Logistics.

    You have probably heard of the cost DHL bills for moving goods from one location to another. With just a means of transportation, you are as set as ever. However, note that just like every other business, there are risks involved.

  28. Artwork Gallery/Exhibition.

    Are you an artist, or a lover of art? Organizing exhibitions could fetch you real income. Think of auctions like that of Monalisa and tutu the risen Phoenix.

  29. Small Scale Tech Gadgets.

    Can you build useful gadgets like small robots or CCTV cameras, you could be the next millionaire. Just commercialize it.

  30. Frozen Food Sales.

    Cool room business may seem expensive. However, if you stay in a location where power is relatively constant, then one hurdle is off. The good thing is that you do not have to worry much about the spoilage of your goods, as long as power is constant.

  31. Event Planning.

    Everyday, ceremonies are being held. Most people would appreciate having someone to ease some stress. Here, all that is needed is your creativity and expertise. Think of big brands making millions. They probably started small.

  32. Oil Palm Business.

    The palm tree is one of the most valuable plants available. The oil is needed in almost every home in Nigeria. Noteworthy tip: it is mainly available in the south – south and south east parts of Nigeria. Also, the product is very scarce and expensive in the north.

  33. Online Clothing and Accessories sale.

    One advantage of online business is the unlimited market. Also, shop rent is not an issue. Wondering how to start? Contact us to get some advice. We could help you with some publicity for free.

  34. Gift Baskets.

    Not everyone has the time and knowledge to buy the right items as gifts. During special occasions and seasons plenty people would appreciate an all-in-one gift basket.

  35. Fitness Instructor.

    Just advising people on the right physical exercises, to keep them fit, could fetch you good income. If you have professional qualifications, better.

  36. Spa.

    Don’t get it twisted, this is a big business. Do you have sufficient knowledge, why not go commercial.

  37. Virtual Assistant.

    Some people are so busy that just finding someone to help them manage  their time could be more valued than a few thousands of naira. I guess you know of a few people in need of personal assistants. The most important qualification here is integrity. Just be trustworthy, and you could run someone’s life for a pay.

  38. Disc Jockey.

    Once upon a time, DJ jobs were mainly viewed as hobbies. I’m sure you must have probably heard of DJ Khaled, Exclusive and so on. They are making it big time.

  39. Song/Article Writing.

    We all have this talented part of us. Do you think your writing skills are good enough, then don’t just do it for fun. Make money selling your write-ups to people who are wiling to pay. We buy too. Just contact us.

  40. Travel Agency.

    People are always travelling everyday. Helping them book their flight or bus tickets would save them valuable time.

  41. Snacks Production.

    You know one thing people hardly have enough of is snacks. From schools to events and even supermarkets, the market is enormous. It doesn’t cost much to get started, but the long term potentials are huge.

  42. Toy Production.

    Nigeria has a large population of children. At least two in every three children have or need a toy to play with. Have you ever imagined the size of the industry? Do not forget they are cheap and hardly durable. However, an average child gets at least six toys in a year.

  43. Appliance Repair.

    Most Nigerians prefer repairing their old products to buying new ones. Some may be influenced by cost, their fear of fake products or just their love for such goods. Putting your skills to use could both solve their problems, and at the same time fetch you some income.

  44. Care Giving.

    You may probably be very conversant with nanny jobs for children. Do you know that there is a rising number of people seeking care givers for their aged parents? You could work for more than one family. The pay is okay.

  45. Barbecue

    Nigerians will never get tired of eating kebab(suya), roasted chicken, plantain, yam and so on. Don’t underrate what you can make from this business.

  46. Event Ushering.

    This is a booming business. You could assemble a team to work with. Reach out to event planners or owners of events and get your pay.

  47. Photography.

    Do you have access to a camera? You could be making good money.

  48. Small Scale Lending.

    A lot of  micro finance banks started as small scale lenders. Do you know a regular income earner? You could offer him some finance up front for an interest.

  49. Grocery Store.

    Everyday we buy provisions. You could start a superstore with little money. All you need is effective management skills.

  50. Facility Management.

    You could make money by maintaining facilities for people or organisations.

  51. Social Media Promotions

    Gone are the days when social media was just for entertainment. Now you could earn a living by simply living your life. Think of all those “influencers” on Instagram, Facebook and Twitter. Most have now made a full time career out of it. Business owners pay good money to advertise. Just get some inspiration from Instablog9ja or even Tweet Oracle.

  52. Online Freelancing

    Have you heard of sites like fiverr.com, upwork.com or freelancer.com? Do you know that there are thousands of people looking out for minor services you can render? Try it out today sell your skills and get paid. No matter the skill you have, even if it’s just praying, know that there is someone out there seeking to hire you.

  53. Pig Farming

    One of the least regarded, yet highly scarce meat is pork. Although some religions consider it unclean, the meat is still highly sought after.

  54. Modelling

    Here I will consider it i two ways. You could simply seek out brands to model for them, or start up a small agency. You’ll surely get there with time.

  55. Affiliate Marketing

    Affiliate marketing involves just selling other people’s products for a commission. You don’t need to go about advertising the brand as is the case with regular marketing. All you need do is to review and recommend a product on your blog or website. You will be given a unique link, and if your followers follow that link to buy, you get your commission.

  56. Language Program

    Do you know any language other than English? You could make money teaching that to others. You could also be a professional translator.

  57. Personal Shopper / Errand Services

    Have you ever had so many things or places to do or go, and wished you could just have someone to help out? Yeah, a thousand and one people face that same situation a lot of times. Try it, and see the response.

  58. Paint Making

    From my little research, making of paints does not require a fortune to start up. Just learn the processes and become your own boss.

  59. P.O.S Business

    Think of times like Christmas or other holidays when cash gets so scarce nationwide. Even on normal days, not everyone wants to go through the regular bank hassles. Start something.

  60. Dating Service/ Match Making

    Do you know bringing two “single and searching” fellows could bring you money? Don’t worry, I’ll write more on that later.

  61. Event Planning

    I doubt you need up to a hundred thousand Naira to start this business. Anyway, just visualizing someone’s event, and offering practical guides on achieving a successful event could earn you a handsome reward.

  62. Rental Services

    This is another small biz anyone can start with very little. I will not specify the particular product. But think of what is often in need around you. In most places, tables, chairs and canopies are always hotly demanded every weekend. You could acquire anything you can operate perfectly, with the main aim of renting out.

  63. Potable Water Sales and Distribution

    Think of the quantity of “pure water” consumed everyday across the country. You could just cash in. No machines or special techniques are required.

  64. Recharge Card Business.

    Ordinarily, you can start selling recharge cards with almost nothing. In fact, no need to advertise. People would always recharge their phones after all.

  65. Refuse management.

    Ever thought of this before? You have probably heard the adage “cleanliness is next to godliness” countless times. You can go a step further. Just clear people’s refuse for a pay.

  66. Car Wash.

    I will continue to emphasize on starting small. You must not wait for high tech equipments. Even Innoson Motors started with spare parts.

  67. Make-up Art.

    Behind almost every beautiful woman is a make-up artist. Although it looks expensive, you could start with a make-up kit as little as 50,000 naira.

  68. Phone Accessories Sales And Repairs.

    With the right skills, you do not need much to start with. Less than 100,000 naira should get you the basic tools.

  69. Used Clothings.

    As a mater of fact, OK clothes and shoes are the most widely selling fashion wares. This is probably because of cost, as well as the quality. Most people have a taste for quality designs, but just can not afford them. The only viable alternative however is second hand clothing.

  70. Mobile Food Vendor.

    Have you ever imagined avoiding the stress of cooking, and yet not visiting a restaurant? A thousand and one people are surely facing this now. Why not cash in, and earn big.

  71. Private Classes.

    Many people face difficulties while preparing for exams. An example is JAMB. Since a lot of them are out of school, private classes would be appreciated.

  72. Property Agency.

    For the most part, being a property agent may not require great expertise or finance. All you need do is to look out for people who want to sell. Afterwards, connect them with buyers for a commission. You may equally involve other agents to ease your work.

  73. Computer Business Centre.

    This will work best around schools or offices. People are obviously going to require such services like photocopying and printing. No advanced computer skills are required.

  74. Viewing Centre.

    In Nigeria, one of the most followed events is sport. However, most people prefer paying tokens at viewing centres. This is mainly due to the NEPA factor, as well as the high cost of satellite systems.

  75. Internet Marketing.

    Do you have a good internet presence? You may start making money from your followers. There are many ways to make this happen. Follow our page for a step-by-step guide and advise on starting soon.

  76. Daycare centre/Creche.

    With a growing number of women joining the professional world, there is a growing need for someone to feel the traditional role of housewives. You would gain more from running your own centre, than being employed as a nanny.

  77. Haulage/Logistics.

    You have probably heard of the cost DHL bills for moving goods from one location to another. With just a means of transportation, you are as set as ever. However, note that just like every other business, there are risks involved.

  78. Artwork Gallery/Exhibition.

    Are you an artist, or a lover of art? Organizing exhibitions could fetch you real income. Think of auctions like that of Monalisa and tutu the risen Phoenix.

  79. Small Scale Tech Gadgets.

    Can you build useful gadgets like small robots or CCTV cameras, you could be the next millionaire. Just commercialize it.

  80. Frozen Food Sales.

    Cool room business may seem expensive. However, if you stay in a location where power is relatively constant, then one hurdle is off. The good thing is that you do not have to worry much about the spoilage of your goods, as long as power is constant.

  81. Event Planning.

    Everyday, ceremonies are being held. Most people would appreciate having someone to ease some stress. Here, all that is needed is your creativity and expertise. Think of big brands making millions. They probably started small.

  82. Oil Palm Business.

    The palm tree is one of the most valuable plants available. The oil is needed in almost every home in Nigeria. Noteworthy tip: it is mainly available in the south – south and south east parts of Nigeria. Also, the product is very scarce and expensive in the north.

  83. Online Clothing and Accessories sale.

    One advantage of online business is the unlimited market. Also, shop rent is not an issue. Wondering how to start? Contact us to get some advice. We could help you with some publicity for free.

  84. Gift Baskets.

    Not everyone has the time and knowledge to buy the right items as gifts. During special occasions and seasons plenty people would appreciate an all-in-one gift basket.

  85. Fitness Instructor.

    Just advising people on the right physical exercises, to keep them fit, could fetch you good income. If you have professional qualifications, better.

  86. Spa.

    Don’t get it twisted, this is a big business. Do you have sufficient knowledge, why not go commercial.

  87. Virtual Assistant.

    Some people are so busy that just finding someone to help them manage  their time could be more valued than a few thousands of naira. I guess you know of a few people in need of personal assistants. The most important qualification here is integrity. Just be trustworthy, and you could run someone’s life for a pay.

  88. Toy Production.

    Nigeria has a large population of children. At least two in every three children have or need a toy to play with. Have you ever imagined the size of the industry? Do not forget they are cheap and hardly durable. However, an average child gets at least six toys in a year.

  89. Appliance Repair.

    Most Nigerians prefer repairing their old products to buying new ones. Some may be influenced by cost, their fear of fake products or just their love for such goods. Putting your skills to use could both solve their problems, and at the same time fetch you some income.

  90. Care Giving.

    You may probably be very conversant with nanny jobs for children. Do you know that there is a rising number of people seeking care givers for their aged parents? You could work for more than one family. The pay is okay.

  91. Barbecue

    Nigerians will never get tired of eating kebab(suya), roasted chicken, plantain, yam and so on. Don’t underrate what you can make from this business.

  92. Event Ushering.

    This is a booming business. You could assemble a team to work with. Reach out to event planners or owners of events and get your pay.

  93. Freelance Photography.

    Do you have access to a camera? You could be making good moneyJust be creative.

  94. Small Scale Lending.

    A lot of  micro finance banks started as small scale lenders. Do you know a regular income earner? You could offer him some finance up front for an interest.

  95. Grocery Store.

    Everyday we buy provisions. You could start a superstore with little money. All you need is effective management skills.

  96. Bead Making

    Making fine beads could just be the perfect source of that much needed income.

  97. Raffia Production

    Opportunities abound in this area. This business is slowly creeping into the top of the market.

  98. Tying Gele (head gear)

    Whether it’s for weddings or just more casual events, women are increasingly adopting the gele fashion. With ankara gaining wider acceptability, head gears will continue to be used. Likewise, professionals to tie will continue to be in hot demand too.

  99. Catering Services

    Do not waste your kitchen skills, commercialize it.

  100. Online Store.

    Think of one area you have sufficient knowledge of and advertise products for sale to potential online customers. You don’t even have to have all the products. You may just be a sub-dealer for another seller whom you are sure can always supply whenever you want.

I’m sure this post has been helpful. Do well to drop your comments below.

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