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Businesses to Start With 100k in Northern Nigeria

by Michelle Anama Abari | Jun 6, 2022 | Business & Finance

Every small-scale business starts up as a big idea and some with capital while others without capital. Starting a business with a budget of 100 thousand naira in Northern Nigeria is a very lucrative thing to do. With the current economic hiatus in the country, there are still businesses to start with 100k in northern Nigeria.

There are a lot of lucrative businesses and also profitable businesses to start with 100 thousand naira in Northern Nigeria. If you have been wondering what these best businesses to start with 100 thousand naira are, then think no further, they include…

Businesses to Start With 100k In Northern Nigeria

1. Clothes Business

Most Nigerians want to look good, I mean who doesn’t right? Everyone wants to wear the latest outfit on a cheap budget, that’s where all these thrift otherwise known as Okrika or what hausas would like to call gwonjo clothes come in. Most Nigerians buy fairly used products like clothes in Nigeria. So why not have a start-up capital of 100 thousand naira to help you start this profitable business.

Nigeria is a very large market in terms of any business and Northern Nigeria is the largest region with even large states and populations, we are a large consumer, so why not exploit this opportunity, have a start-up capital of 100 thousand naira, and then you are good to go.

2. Laundry Business

The laundry business does not entail much to start. We are now in an era where people go to office jobs every day and every time even in the Northern part of Nigeria, and these working-class people have little to less time for themselves talk more of having to do their laundry.

This is where, people like you, who are looking for businesses to start with 100 thousand naira in Northern Nigeria come in. All you would need your start-up capital of 100 thousand naira to get you for this business is

A bucket
Stable water supply
Light bills

An iron
An ironing board
Detergents

These are simple equipment to get for your laundry business since you are starting with 100 thousand naira.

3. Mini Importation Business

As the name implies ‘mini’ means small, you don’t need to import big products like cars, electrical appliances, and all. This is when you import a small volume of goods from a manufacturing country like China to Nigeria or from Chad and Niger to Kano because they share boarders with Kano at a minimum cost and maximum profit.

All you need to do is go to websites like Alibaba and then look for cheap products in China or any cheap country and then you purchase them and then pay for shipments and wait for your goods. Most of you may think that this is a very big business that requires a lot of money, but it does not, all you need is a start-up capital of 100 thousand naira and where to purchase your goods from. It’s one of the profitable businesses to start with 100k in Northern Nigeria.

4. Daycare Services

If you are a lover of kids and want to train children, then this business is a profitable business to start with 100 thousand naira.

With a small apartment that could be yours, or a small building you could be renting, you can get toys and then start up a daycare service. It doesn’t have to be a big place before you know it is a good enough place for daycare.

There are a lot of working-class mothers these days even in the north, and staying home or looking for a nanny to take care of their kids is a very worrisome deal for most mothers. Most working-class mothers rely heavily on daycare services, they don’t mind paying extra, the most important thing is that their kids are in the hands of a registered daycare.

5. Interior Decoration

This business is not capital intensive, but it is a business you can start with 100 thousand naira and it will become a profitable business as you grow in this business.

When starting, start small to grow and become a big interior décor business. To pitch your business, ask people who are moving to new places if you could design their homes for them. Do a good job and you’re good to go.

This business is good and it can even be a side hustle for you if you are also into other businesses.

6. The Food Business

Everyone loves food, but not everyone can prepare their favorite dish or even have time to make a meal for themselves, this is where the food business comes in.

You can start a food business with as low as 100 thousand naira in the North and will be sure it will grow rapidly over time. You can pitch your food business in areas and states like Kano, Sokoto, PLATEAU, Kaduna, Abuja amongst others. These are states in Northern Nigeria that are highly populated and have a lot of working-class people, you can use this to your advantage, and you’re on your way to growing a food restaurant.

The food business in Northern Nigeria is growing rapidly because Nigeria has a lot of diverse cultures who in turn have their dishes and people come out to prepare these dishes and sell them, you too can pick a dish you like and start preparing to make a profit from it.

You can start this business with 100 thousand naira, and use this start-up capital to buy equipment like…

Gas
Spices

Plates
Foodstuff like rice, yam, beans, vegetables, etc.
Pots, pans, and cooking utensils

These are some of the equipment needed to start up a food business in Northern Nigeria and this return business will yield good returns.

7. Hair Dressing

A lot of people think this is just a gender skill and it doesn’t apply to the North, but in fact, it consists of both genders, and I have a friend who is into this hair dressing business in the North and she is doing very well. Hairdressing is a very profitable business to start with 100 thousand naira in Nigeria especially in the North.

It is very lucrative and gets you a lot of customers if you know how to do your job well. Hairdressing is a skill that everyone can learn and one of the businesses you can start with 100k in Northern Nigeria. All you need to start a hairdressing business are…

Hair combs
Shampoo and conditioner
Hairdryers

Hair creams and other hair products
Mirror
Table and chairs

Hair extensions
Heater

All these and even more are equipment you can buy with your start-up capital of 100 thousand naira at a cheaper rate. All you need to start this business is a start-up capital of 100 thousand naira and also a business plan. Once you have these, you are on your way to becoming a successful hairdresser.

8. Barbeque Business

Most Nigerians are not vegans so this can work to your advantage. Meat is a very lucrative business to start and 100 thousand naira is good start-up capital.

Beef is one of the cheapest meat to purchase especially in the North, you can purchase beef with a sum of 20, 000 thousand naira and it will be enough to start a barbeque business. Northern Nigeria has a lot of cows and this barbeque business can be something you can start up with less than 100 thousand naira and it is one of those businesses that can be grown into a franchise over time.

A lot of people who started with barbeque and fish grill businesses have made a fortune for themselves and are moving rapidly to grow other branches for their businesses in other states asides in the North, some of the equipment your 100 thousand naira start-up capital can get you to include…

Barbeque machine
Grilling machine
Charcoals or firewoods

A large chunk of beef
Spices
Soy sauce

Cooking oil
Vegetables, like cabbage and cucumber

This barbeque business is one of the best businesses to start with 100 thousand naira in Northern Nigeria because the return is worth the start and also asides you growing your business with your start-up capital of 100 thousand naira, it’s lucrative and most northerners are diving into this opportunity.

9. A Fruit Business

You can start a fruit business with 100 thousand naira, and the good thing about this business is that it’s a very affordable and profitable business no matter how bad the economy is, especially in the North.

Everyone loves fruits, even though we humans have a preference on which fruits we prefer. To start this business, you can purchase at a cheaper rate from some online foodstuff companies that are very reliable and efficient. I mean, this business is one of the best businesses to start with 100k in northern Nigeria because your profits will be so much.

10. Car Wash Business

While this may seem very awkward to some, it is very lucrative and it doesn’t even need a lot of start-up capital for it to kick up. You can start with 100 thousand naira, and you can use this money to get equipment like car wash soap, buckets, payment for a good water supply, a rented area amongst others.

This business is very good and you get paid at least 500 naira on each car you wash, so just imagine how much you get paid in a week! And then a month! And then a year! In this business, you will get to understand that you can gain more than you put into the business when you started. I don’t know about others, but this is one of the businesses I would love to venture into as time goes on, even if it means having a car wash company, it is still a win and the profit and experience are huge.

11. Agricultural Business

This business is a very lucrative but strategic and tactful one. You have to have basic knowledge of the area you want to explore. This means that in whatever field of agriculture you want to venture into, be it crop farming, livestock farming, or even cattle rearing, you have to understand the field.

For instance, if you are venturing into crop farming, you should know how long it takes to grow cereals like rice or legumes like beans or tubers like yam, cassava, or even vegetables like carrot, cucumbers, cabbage, etc. all these agricultural edibles need to be studied and how long they grow and how they should be preserved. The same goes for livestock and cattle rearing farming, you have to know the animals and how they breed, and also, their lifestyle.

Once you have mastered all these, then you are on your way to being a successful agricultural entrepreneur.

12. Poultry Farming

This includes the rearing of chickens and it’s a good business to start with 100 thousand naira. You can open up a small space for poultry, even if it is at the back of your house, and start rearing your chickens.

You can purchase chicks at a cheaper rate at 2000 thousand naira on each and you can feed these chicks until they become mature chickens before you start selling them. By doing this, you are utilizing your start-up capital of 100 thousand naira and investing it in your poultry farm.

I know some people who are into this business and also turkey farming and they are doing very well. Most of them buy their chickens and turkeys young and then feed them healthy meals and when they are all grown, they sell them. Just reading this, you will see that poultry farming is one of the best businesses to start with 100k in northern Nigeria.

13. Skin-Care Business

Everyone wants their skin to look nice and all sparkly but we have very few skin-care businesses that do justice to healthy skin.

This can be your niche if you are a business person and you want to invest your 100 thousand naira into something that will yield profits over time. You can start this skin-care business by asking people around you about problems they are having with their skins and how they want these problems solved, then you can research healthy products that can help tackle these problems, and then you can use your 100 thousand naira to start up a skin-care business.

This makes entrepreneurship easy when you have a problem and you are trying to solve it. Once you see yourself solving these problems, you will realize that skin-care businesses are part of good businesses to start with 100 thousand naira in Nigeria.

14. Hair-Care Product

Most people do not value their hair, and that is very sad. Im very skeptical about my hair because it is natural hair and we all know that the afro is kinky and very hard to maintain, so you can imagine the number of hair products needed to make the hair soft. So it is very annoying when I go to the supermarket to purchase hair products and I realize that there are fewer companies that manufacture hair products needed for natural hair and most times these products are all sold out!

I encourage us, who are into hair maintenance to start a hair-care business. it doesn’t have to be a full-blown business, but it can be something you can start with, maybe say 100 thousand naira and see what works. If it works for you and it works for some other people with the same type of your hair then be sure that I will be a customer.

Most companies that manufacture hair products fail to realize that there are different types of hair ranging from 1A-4C hair( 4A, 4B, and 4C hair are usually afros) and they only pay attention to 1A-1C, 2A-2C hairs because they are easier to maintain. You can exploit this opportunity and make products that include both 1A down to 4C hair, and believe if you do not know your business will grow rapidly, I just literally gave you a very good business tip to start a hair-care business with 100 thousand naira.

15. Photocopying and Passport Business

To be honest, this business is underrated. I know someone who started this business with 50 thousand naira and she is reaping her reward.

These days every document needs a passport to look all formal and all and this is where a passport business comes in. you can start with 100 thousand naira and buy equipment like…

Photocopying machine
Camera
Packs of A4 papers

Ink
Pens and books
Binders

Scanner

I’m sure you may be thinking these things are way over a budget of 100 thousand naira, but it is not. You can get all this equipment at a cheaper rate and quality ones at that.

Students and even professional workers all need one or a million documents to be photocopied so why not pitch your business in these areas. All you need are the equipment listed above and maybe more and also have some knowledge of photography.

16. Palm Oil Business

I’m very sure that this would not have been one of your top 50 businesses to start, but it is a good business, and people selling raw foodstuff are very much making a lot of profit from this business even in the North! Did you know that Northern Nigeria sells one of the best and cheapest palm oil?

A large keg of palm oil is going for about 28 thousand naira and in the North it can go for cheaper, so if you start with 100 thousand naira in this business, you will get at least 3 large kegs of palm oil, and selling this into smaller bottles will be very profitable. After all, now a small bottle of palm oil is going for 8 hundred naira which is quite much but to you the seller it is profitable because you can use this to restock your market.

This is a very profitable business to start with 100 thousand naira in Nigeria, so why not keep pride, procrastination, and laziness aside and save up 100 thousand naira and start this business.

17. Perfume Oils and Fragrance Sales

I have this very good friend of mine who is into this business and she started with her saving of less than 100 thousand naira and today she can restock her market and sell wonderful and nice perfumes.

I mean, this business sometimes can take time to grow, but everyone wants to smell nice and look good at a cheaper rate, so why not start with at most 100 thousand naira and with consistency, see where it leads you.

18. Data and Recharge Card Selling

Did you know that with the right data plug, you can get 1GB of data at just 300 naira? I mean this may sound very delusional but it is true and I can testify to that myself.

I have these friends who are into the data and airtime business and they didn’t need to start with 100 thousand naira, all they had to do was register to a platform/small company that sells data and airtime at cheaper rates and they became their agents and today one of them has her own online data business. With this knowledge, you will see that you can sell your data product online and you will also see that this business is very profitable you can be sure to sell your data and airtime because people are mostly online and also need airtime to call.

19. Affiliate Marketing

With affiliate marketing, all you need is a platform where you can display or sell goods. You don’t need to have an inventory or shop. This business is one of the best businesses to start with at least 100k in northern Nigeria.

All you need to do is have enough internet access and also have a company that you market for and that pays you on each sale you make, I mean this is how affiliate marketing works.

This has helped me a lot because im also this affiliate marketing of a thing and I am doing well if o say so myself. All I need to do is have a good audience that wants to buy what I’m marketing and then I get my cut (not a certain percentage) on each sale I make. This is also linked with digital marketing because I also post what I market on social media and these days people are online very often so I’m always sure to find my buyers on the internet. This is a very affordable business to start with little income.

20. Content Writer

If you are passionate about writing, this is for you. You need; a phone, an internet subscription, and great knowledge of content writing.

You can apply for writing jobs in companies that deal with content writing and there you will see that you don’t need much to write. Or if you are looking to open a content writing company as a content writer then it also isn’t a bad idea to start with at least 100 thousand naira. All you need is a good website that can be done at a cheap rate, one or two skilled editors, and a little partnering and sponsors and you are good to go.

This business is very tactful but it is one of those businesses to start with 100k in northern Nigeria.

21. Digital Marketing Expert

This is cost-effective and efficient marketing for businesses with a small budget of say, 100 thousand naira. All you need to do here is to have the knowledge of digital marketing and how it works and then you are good to go.

You as a digital marketing expert don’t need much to start; all you need is a very stable internet subscription, phone, laptop, and a conducive place to work. Once you have all these, with consistency, hard work, and honesty, you will be on your way to marketing Tesla for Elon Musk!

22. Photography

This kind of business deals more with skills than anything else. All you need is a good camera, good lights and a good laptop for editing.

I have this friend that is into photography and he told me that he uses stock photos that relate to his niche of photography to get customers and it is working well for him because he has the knowledge and skillset in photography. This business is very lucrative because a lot of people love taking pictures, be it for weddings, modeling a clothing or skin-care line, or anything else, photographers are needed so why not venture into this business and let it complete your happiness.

23. Egg Retailing/Supply

Eggs are so much in this country that you can start an egg business. a crate of an egg is going for 2 thousand naira, so if you are starting an egg business with 100 thousand naira, you will be purchasing at least 40 crates of eggs, if not more and if you are selling, you can add your profit on it.

This business is very lucrative although it may seem weird. It is a profitable business to start with good capital and then watch it flourish over time.

24. Sales of Original Honey

You have to source original honey before you can start this kind of business. Honey is used very essentially by us humans because we use this honey for literally anything, things like hair, skin, small ailments amongst others. So why not start with a sum of 100 thousand naira and see where this business takes you.

This business is low-key to a profitable business you can start with 100 thousand naira in Nigeria, the returns and journey will be sweet, as your product!

25. Cement Sales Distribution

You may be thinking that this is a ridiculous business to start with 100 thousand naira, but this business is very profitable, sys one of my friends is into this business and sells at least 100 bags of cement in a week.

A bag of cement depending on the company manufacturer varies but its around the price range of 3000-5000 naira per bag, and this is good because you can start with 100 thousand naira and pitch your business in locations where a lot of building and construction are done and then, you are good to go on making enough profits.

Conclusion

There are a million businesses to start with 100k in northern Nigeria and these businesses are all set out to be profitable and successful by default setting it all depends on how you handle your business.

Businesses generally need to be treated like babies; they always need the attention and therefore need extra hands and equipment. If you’re looking to start a business with 100 thousand naira, look for your niche because there are a lot of businesses to venture into in Nigeria.

FAQs

Are there a lot of businesses to start with 100 thousand Naira?

Yes, there are a lot of businesses to start with 100 thousand naira in Nigeria.

What business can I start with 100 thousand Naira?

You can start businesses like painting business, drawing business, photography, cement business, food business, among others.

What can I invest my 100 thousand Naira in?

Phone charging business, food vendor business, palm oil retailing, car business amongst others.

21 Lucrative Businesses to Start With Little Income in Nigeria

by Michelle Anama Abari | Mar 15, 2022 | Business & Finance

We cannot deny the high rate of unemployment in Nigeria today. A lot of people are left without jobs, especially with the 2020 pandemic. Nonetheless, there are lucrative businesses you can start with little or no capital here in Nigeria! I know to most, it sounds bizarre and ridiculous, but it is true.

The truth is that there are a lot of opportunities in Nigeria and all we have to do is search for these opportunities and the rest is history. Some advantages to these lucrative businesses are:

You put your destiny in your own hands. No one can tell you what to do when you are your boss.

Opportunity to grow and build a brand for yourself when running your own business, you are building a brand.
It allows you to get rich. You have the opportunity to impact the economy by creating jobs and providing a livelihood for other Nigerians.

With these advantages and more, you can see that a business especially a lucrative one is very important and beneficial to an individual and the economy at large.

Now that you must have known some key advantages to a lucrative business, let me educate you on some lucrative businesses you can start with little or no income in Nigeria…

21 Lucrative Businesses You Can Start With Little or No Income in Nigeria

1. Blogging

Blogging has earned a place amongst the most lucrative businesses in Nigeria. Because of globalization, a lot of people prefer sourcing for news and the latest gossip from the internet. As you must know, bloggers make money through direct advertisement, ad networks, affiliate marketing, product sales, sponsored posts, partnership, and many more. Take for instance the famous female Nigerian blogger, Linda Ikeji, who started blogging in 2006 and became an active blogger in 2007 using a blogger sub-domain. Now she is the richest blogger in Nigeria earning at least N50,000,000 a month.

On average, high-end bloggers makeover N20,000,000 every month in Nigeria. It is easy to start with very small capital. To start a self-hosted blog will cost you about N4,000 for the domain name and N27,000 for hosting for a year. You pay both for a year. That is just less than N35,000 to start a business that can make you N20,000,000 every month.

2. Furniture Business

The good thing about this business is that people will always use furniture. People seat, sleep, write, cook, etc on furniture. So why not start up a little furniture business to get more money?

You can open up a little carpentry shop with as little as N10,000. All you have to do is get the required tools and a plank of good wood, make a piece of furniture, put it on display, and let the beauty of that product speak for your pocket. I do not know anyone who started a furniture business and did not go far.

Furniture is an essential commodity and you can earn a minimum of N10,000 depending on your location and high demand for furniture in your area.

3. Social Media Marketing

With so many people spending most of their time on social media, it has to be among the most lucrative businesses in Nigeria. Social media marketing is all about using the social media platform to find leads for businesses. You can work independently and help businesses make the best of social media or you can promote and sell products via social media.

Social media is a very large market and it is also a branch of digital marketing and marketing on this platform is lucrative and a profitable business in general. A social media marketer gets an average of N50,000 to N200,000 depending on the agreement on their pay. So, why not start marketing for small companies, a good place to get companies to market is on Linkedin, you will get a lot of companies especially if you input social media marketing into your profile and portfolio.

4. Dry Cleaning

The good thing about this business is that most people, especially busy workers rely on dry cleaners for their laundry needs. Companies and organizations make use of dry cleaning services very often.

Take, for instance, states like Lagos and Kano which have at least 10,000,000 million people, and at least 60% are busy workers who need dry cleaners at all times. Why not exploit this opportunity? This is a very lucrative side hustle where you earn a minimum of N5,000 a week if you are in the right location. So why not go for this…there is this lady who comes to my compound in school, every week and she gets at least N3,000 a day if there are a lot of people looking to get their clothes and rooms cleaned.

Dry cleaning is a very lucrative business and it does not even require any capital at all! All it requires is your manpower and willingness to work.

5. Carwash Services

The purchasing of cars in the country is very high and the car wash business is in high demand, therefore, starting this kind of business will bring in a large profit. The car wash business is fast rising in the country and some people started this with no capital today they have at least N40,000 in their account. This business that people overlook is lucrative.

You earn at least N2,000 a day. Too small you may think, but multiply N2,000 by 7, that’s N14,000. That means you earn N14,000 a week! Some days it may be less than N2,000 other days even higher. The bottom line is that the carwash business is a lucrative business that you can start with little or no capital in Nigeria.

6. Another Lucrative Business to Start With Little Income Is Hair Making

If you can make hair, then this lucrative business is a win for you. The good thing about this business is that it is not gender-based, although some people will say otherwise.

Hairdressing is one of those businesses you can start with little capital. You can start with a minimum of N20,000. All you need to do is get the required equipment like hair dryers, combs, hair creams, shampoos and conditioners, mirrors, chairs, some attachments amongst others. This is a very profitable business because women along with some men cherish and want to see their hair neat at all times. With this business, you can get a minimum of N50,000 only if you are in the right location with high demand for your services.

I have this friend who is into hairdressing. She makes wigs, plaits hair, and even does dreadlocks. She gets a minimum of N80,000 a month. Christmas period she gets at least N100,000 because of her services and her talent for making hair. My guys, you aren’t left out because I know some guys who have done my hair for me and I was so impressed with their work that I had to tip them.

If you can make hair as a talent, or know how to make hair as a skill then hairdressing is also a lucrative business you can start with little income in Nigeria.

7. P.O.S Business

A lot of people do not know the profits one makes from a P.O.S Business. You can cash out big time from this lucrative business, if you own your P.O.S stand, you serve as an agent for the bank whose P.O.S machine you are using and you can get an average of N50,000 depending on the bank. Or if you are a sales boy or girl working at a P.O.S terminal you can earn an average of N10,000 depending on how you agreed to be paid.

P.O.S business does not require much to start, the main thing is that it is one of those few businesses which requires putting little capital and watching your pocket grow over time. Looking for a lucrative business to start with little capital in Nigeria? P.O.S Business is it for you…

8. Agricultural Practices

One of the best ways to make money on a tight budget is to become a farmer. Now by reading this you would think I sound ridiculous. Well, I’m not. You won’t have to buy any piece of land for this and even if you don’t have access to good land, you can always start with a flower pot.

This is a very lucrative business because it gives you profit. In a country like Nigeria that is blessed with good soil and a lot of crops, one would say, exploit your opportunities. You can start with vegetables like waterleaf or go for other crops that cost less but grow fast and would require little attention. As time goes on you will be earning a million naira a year.

I have an uncle who harvests rice and he supplies 200bags of rice a year to local markets. Just imagine how much he makes a year, this business is good and lucrative, I for one would love to venture into this lucrative business.

9. Trading Cryptocurrencies

This is more like an investment that has the potential to make you rich, however, it is not a get-rich-quick scheme and you are less likely to make a profit in a matter of months.

While this business is lucrative, especially in the long run, it requires patience and tactics. You have to be patient, especiallywhen there is a little downfall (dip) in your transaction. If you are looking to only be buying and selling, it is also good especially when there is high demand and the cryptocurrency you are selling has a lot of value.

If you are great at this business, you can cash out on an average of N1,000,000 and build your portfolio quickly, however not the business for someone looking for quick cash, like I said earlier. Cryptocurrency is a lucrative business that requires a start-up capital of N100,000 if you are looking to go far as time goes on.

10. Selling Recharge Card

Selling a recharge card is one of the easiest businesses to start on a small budget. You can easily make a profit though it would be minimal, if you are selling at a busy terminal point, your turnover would be huge by the end of the month. You can get an average of N20,000 a month depending on your location some days you can even get as high as N50,000. Also, you could easily sell N10,000 worth of recharge cards in a day and count your profit.

To get started, you would have to get connected with a vendor and as time goes on, you can move to sell for mobile companies like MTN, Airtel, GLO, Etisalat… this is a lucrative business to start with little capital in Nigeria.

11. Photography

A lot of people may not know this, but photographers make a huge amount of money. One earns a minimum of N50,000 depending on the deal he or she is doing and how skilled that person is.

Photography is a very lucrative business and requires little capital to start. I have this friend who is into photography, he just recently got his camera and he told me that photography does not require much, just get the right camera and the right models or environment to snap and let your work speak for you.

12. Painting

Painting too is a very lucrative business to start with little or no capital in Nigeria, especially when you are talented in this area. A lot of unemployed people I know have turned to paint as their haven and it has proved to be very profitable to them.

A friend I know makes a minimum of N20,000 on each painting he sells, and this is because he is skilled in this area and he has used it to his advantage and he is gaining money. Painting is really good and is a lucrative business to start in Nigeria. You can take any of your paintings or drawings to an art gallery near you and strike a deal with them on payment and all and you have your money coming into your pocket with a sweat.

13. Acting as an Agent for Car Dealers

Selling cars is indeed a lucrative business that requires no capital at all! This is indeed a profitable business if I do say so myself. You don’t need much at all, all you need is a car stand owner to help market your cars and you get your cut on each car you sell.

You can get any amount of money in this business, you can get an average of N5,000 to millions if your deal is huge. I deal with cars and I can tell you that it is indeed a lucrative business to start in Nigeria with no capital at all. It also leads you to get to know more people thereby building connections and giving a higher knowledge 0ncars which works in your favor.

14. Writing

Writing to some is a skill while to others it’s a talent but only a few use it as a business tool. It gets you more money than you could ever imagine! Especially when it’s on sites that pay you well. It is very lucrative and enhances your skill in writing as you go on.

You can earn a minimum of N2000 a month or sometimes a week. Too small you may think, as you journey through writing, you enhance your writing skill and you get paid higher as time goes on. A site like a fiver pays well and is good for writers to start with.

15. Real Estate Agent

The land is the most valued asset in the world, everyone knows that, and earning money from the most valued asset in the world is a golden win. The amount of profits most realtors earn is most at times in millions, no matter the currency.

The land has never depreciated that is why most, if not all rich people invest in land, by building houses and giving it out for renting or buying lands and selling. A realtor can earn a minimum of a million depending on the deal, and mind you most land deals are always high, we talking of at least N100,000,000 for Nigeria at least. So you can imagine how huge your profit will be. And it does not even require any capital especially if you don’t have money at all. Just get acquainted with someone who owns an apartment complex and then helps them market and gets your cut. It is a very lucrative business, I have friends in this business and it has proved fruitful for them.

16. Food Business

Everyone loves food. Even those who claim to be on a diet have to eat. So this is enough opportunity to use to work for your pocket. There are a lot of food businesses in the country and it still is not enough because an average human is supposed to eat at least 6 times a day and we all have a preference of food we eat. So why not pick up a particular food or some foods to learn and use to make money.

To start this type of business is not hard when you have a food delivery company that helps you deliver your foodstuff to your doorstep. This business is indeed a lucrative business that requires little start-up capital in Nigeria.

17. Be a Cab Driver

Rent a car. A cab driver in Abuja earns an average of N12,000 every day. This business is worth giving a try by investors. You can register on any driving app like Bolt or even Uber.

This business is very lucrative and can earn you a lot of money. It is one of those few lucrative businesses in the country that you can start with no capital at all. All you need is a required car and the needed credentials.

18. Cake Production

Cake production is a profitable business in Nigeria that requires small capital. The cake is the most consumed baked snack in Nigeria. The demand for cakes especially at birthdays, weddings, events and anniversaries is very high. Cakes are very cheap to purchase.

The cost of starting this business all depends on how you want to get started. One can earn a minimum of N30,000 depending on the event of the day or of that time.

This is surely another lucrative business you can start with little or no capital in Nigeria.

19. Act as an Agent to Sell Gadgets

Technology is fast rising and the world is moving into the digital world rapidly. 90% of Nigerians own a gadget and 60% still want to buy more gadgets. Gadget business, be it phone, laptop or whatever is a lucrative business for serious mind understand the market and have a business idea.

Location of your phone shop matters a lot, try and site it where there is high demand and you can see yourself earning a minimum of N100,000.

20. Jewelry Business Agent

Jewelry business can be very profitable. Almost everyone, most especially ladies wears jewelry and it is a very good business to venture into.

The business is very easy to start, run and manage. It can be done either full time or part-time and most people who start this business usually don’t have money. They start as being salespeople to jewelry shops and get paid from there. One can earn an average of N30,000 depending on the type of jewelry being sold.

21. Gift Basket Packaging Service

If you have a flair for gifts and souvenirs why don’t you look for clients who could put together baskets that hold the things that people with this interest would like too!

With a capital of N50,000 – N100,000, you can start this business. Marketing your gift basket services is not a stressful task, especially online, just talk to friends and family to help spread the word on what you do, from there you find customers.

Bottom Line…

There is always a lucrative business, all that matters is your business plan and how well you strategize that plan.

Every small business is always lucrative only if you have the right resources like money, good location, and equipment. The country is hard and the last thing one needs is to be cashless in this time. Try looking for what works for you, all you have to do is find your preferred business and exploit every opportunity you get!