50 Successful Small Businesses in Nigeria with less capital startup

Ask how any multi- national company or big corporation began, you will discover that they all started from nothing. Becoming successful in any small business in Nigeria is a difficult task; it requires serious dedication, hard work and taking the right steps. I have earlier discussed some of the right steps you can take to begin a profitable small business in Nigeria.

Are you a Nigerian looking for small business that you can start with little or no money money.  Are you an entrepreneur searching for small business to invest on? Do you have small amount of money but you don’t have any business idea. There are lots of small business opportunities in Nigeria. Here are list of most Successful Small Business in Nigeria with little capital investment and some with no money startup.

If you are dedicated with this business, you won’t mind putting up extra hours into it and definitely you will succeed. Be passionate about your business and you succeed. Try to visit other people who are in the same business with you, share ideas with them so that you can be updated on the current trend in the business. These are secret of any successful business.

Below are Successful Small Businesses in Nigeria you can start in 2015; I have group these businesses into sector by sector for easy comprehension.

SMALL PROFITABLE AGRICULTURAL BUSINESS-Small Agricultural businesses are the most successful small business in Nigeria that requires little capital start up. Most of the major inputs are space (land), water and the viable breeds (crops and animals). The businesses can be started as a sole-proprietor and then grown to Limited Liability Company.

Here are small lucrative Agricultural Businesses
1. Poultry farming business
2. Fishery Business (catfish and Tilapia Rearing)
3. Snail Rearing Business
4. Piggery Business
5. Dog Rearing and Breeding Business
6. Livestock feed production
7. Floral business (Growing flower )– the best floral money-makers, include:
• Cut flowers
• Everlastings
• Woody Ornamentals
• Flower bulbs
8. Maize processing Business
9. Rice Milling Business
10. Cassava processing Business
11. Palm oil Processing Business

LUCRATIVE SPECIAL BUSINESS SERVICES-The major inputs or materials for this type of business include: canopies, chairs, tables, stools, table dress cloth, big cooking utensils, and ribbons for hiring and manpower. These types of businesses are not difficult to start. It will best suit women than men but anybody can start the business.
12. Rental Service Business
13. Event Management business
14. Party Planner and Event Planner Business
15. Bakery confectioneries

Ambulance service business

SUCCESSFUL EDUCATIONAL SECTOR BUSINESS-The major inputs in these businesses are computer, manpower and space.
16. Home tutoring and Coaching Business
17. Tutorial and Lesson centre Business
18. Catering centre and Catering school business
19. Nanny Service and Day care centre
20. Self empowerment centre and Workshop centre
21. Computer and business school

COMPUTER AND TECHNOLOGY SERVICES BUSINESS-The major materials needed are computer or laptop, sets of screw drivers and testers, printing machine, phones and mobile phones, internet connection and manpower.
22. Computer repair and services Business
23. Mobile phone repairs Business
24. Mobile apps development
25. Games development
26. Graphic Designer and Printing business
27. Directory Publisher
28. Mobile money agents business

PROFITABLE SPECIAL PRODUCTION BUSINESS
29. Liquid soap production business
30. Perfume, and body ornamental production business

INTERNET BASED SERVICES BUSINESS
I have written a post on 20 Ways of Making Cash Online in Nigeria; these are all internet based Businesses and they are specified means of making money online in Nigeria. These internet based businesses may require little or no capital to start them up. You can actually make money online by those ways if you are dedicated and hardworking. There is no hard and fast rule about making money online.

In conclusion, I believe that what you have read above will be resourceful to you.
There are other lucrative and successful small businesses in Nigeria which any serious minded entrepreneur can do. All that are needed are diligent and hard work.

I wish you good luck as you set to start up any of the above successful small business in Nigeria.

24 thoughts on “50 Successful Small Businesses in Nigeria with less capital startup”

  1. Thanks for this list of profitable and lucrative businesses in Nigeria.
    Please, which of these businesses can I invest a capital less than twenty thousand naira ( N20,000) in Nigeria. I’m considering starting a poultry farming business.

    1. Hello Ben, Poultry farming business is a lucrative business but it you need a enough space. You can start small with boiler and cockerel rearing then grow it big to Layers poultry farming. N20,000 is enough to start this business if you have space.

  2. Thank u for this great info, pls how much does it take to start up a cat fish business and what’s the space like. Pls I need ur phone number or email so that I can communicate with u directly on some other things. Thank u.

    1. Hello Micheal,

      COST OF STARTING CATFISH BUSINESS

      I don’t know where you are reading this article from; however, I want you to understand that situations and environments differ.

      If you are reading this article from Lagos, others from Imo, PH, Ekiti, Kano,Enugu and countries outside Nigeria may think the cost I have given here will be same. You can’t expect the cost of land to build pond (for instance) in Lagos to be the same with that of Oyo?

      You can’t also expect the cost of labour in Akwa Ibom to be the same with the cost of labour in Kano?
      Even some other materials you might expect to be of the same price are not (even in the same city). The best way to do this is to move out and ask questions.

      You`ll definitely get the cost of things you need to get started in your locality.

      If you`re planning to start the business in a big way, you may need a bole hole, a tank, a fish pond, dependable electricity to pump water and some staff to work with you.

      You will also have to get the price of the feeds you`ll need for feeding your catfish.

      The major reason why I usually avoid discussing about the cost or price on this site is because cost, price or profit are all relative.
      For example, the amount you`ll need to purchase a hectare of land to construct a fish pond in Abuja can comfortably take care of all your cost in certain part of Oyo state and the price you will sell an average catfish in Lagos may be what you`ll sell two in Kano.

      You`ll see that it doesn`t make sense to jump into conclusion that certain amount of money is what you`ll need to start a catfish business or that certain amount is what you`ll make.

      The best way I think will be to go out and investigate both your cost of starting the cat fish business and your likely profit. How much can a pond be constructed in your locality? How much it will take you to get a bole hole done? How much can you get a tank to store water? Then, how much can you get 100, 500, 1000 etc catfish fingerlings?

      Know who your competitors are and how to win there in the business.
      You can start your cat fish business where the cost of labour is low so as to sell at competitive price?

      Don`t try building your fish pond yourself, if you don`t know how to do so.
      The catfish pond should be standard. Consult some nearby fish farmers who have ponds for advice.

      Even if every other thing is alright, a bad pond can kill your profit.
      Catfish is freshwater animal. Poor quality water alone can kill your efficiency. The best sources of water for fishing business are borehole and river. Rain water and tap water from treated source is not good for your fish.

      Check acidity of your water. Acidic water is bad for fish. To check this, you`ll need to buy a PH meter, read your water and see the acid level.

      Also about the feeds. Your fish must be well feed. Your feeds should contain proper nutrients like lysine, arginine and methionine. Some farmers try using local meals to feed their fish.

      This may be good provided those meals contain the essential nutrients your fish. You have to increase your fish feeds as they grow, or otherwise, they will suffer malnutrition.

      My email address is immax2005@gmail.com
      Phone number;234-703-884-4464

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  4. Recharge cards businesses are a great one to start with little investment. The business is so lucrative that you will make a living out of it.
    What I found more interesting about selling the recharge cards is that no matter the small denomination produced, you will surely sell to people that need them. and another good thing about the business is that there is NO wastage in it.

  5. I want to open a woman,s shop for my wife.We live in a not too open area in Ikorodu.She prefers to start it at home because she thinks that in the next 2 years the place will open up.I am of the opinion that we should start it in an open area and later build one at home when she is well known.
    Please advise me.

    1. Hello Aisuan David,
      I will suggest that you open up the shop for your wife in a highly traffic area, may be that is what you meant by “open area”. Opening up the shop at home can also be good if the area is a high populated residential area. However, ensure that the open area is secured before opening the shop for your wife otherwise follow your wife suggestion…which is starting business from home.

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  6. Hello Am Patrick by name am a sales Representative at OGBEFUN OBIAHON Company Benin city. Business is one major thing in all country that individuals do normally love to go into but not everyone have ideal of which of the business to go into. Some young ladies and men have money but they don’t even know what to do with the money and as well what kind of business they should go into with it. Nigeria as a country have grow so very high and large in population,since 2001,2002,2003,2004, most people do go for new clothes but now are days is not like that most young men and girls mummies / daddies , they are all going for foreign use clothes which is popularly know as OK clothes or OKRIKA in the local markets. What we are doing now is to give help to those individuals that have interest in starting their own business we notice in Nigeria now most people prefer OK clothes it last more than the new clothes. Do you want to start your own OK or OKRIKA business and you are thinking how to start or thinking about the money to start,worry know more my dear friends,we deal on all kinds of bails LONDON Bails ,CHINA Bails ,KOREA Bails and lots more. We render our service to all part of this country,we deal on WHOLESALES AND RETAILS, E.G SUIT BALES ,LEATHER BELT BALES,SOCKS BALES,CAPS BALES,SHOES BALES,INDIAN GOWNS BALES,ALL KINDS OF ALL BALES. You can easily purchase bales from us as well even when you don’t have much money with you. Don’t stress yourself of transportation we always take care of that. contact us today, number:08156017900 call or whatssapp email:bestbailsservice121@gmail.com GOD BLESS YOU.

  7. Hi,I live in United States of America and thinking of starting up a business in Nigerian,but am not sure of what to do because I have lots of business ideas.opening up a cosmetic shop,or selling children’s wears and toys,or kids party planing.

    1. Hello Nike,
      If you ask me to choose for you among the business you mention above; I will choose a cosmetic shop. If all things being equal, the business is profitable however; you need to consider some factors. These factors include; where you will situate the business (location), competition, target market, capital startup, management etc

    2. Hi Nike, that sounds wonderful, once you have decided on your business idea we can provide you with the best quality branding and marketing services, we are based in South Africa and can build a network so you can showcase you product in South Africa and around Africa. Please do follow us on facebook for more info.
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  8. Greetings,am mrs Ngozi from nigeria. I just finished my service and am looking for a business to do. Pls advice me whether to chose poultry feed,printing of recharge card pin, cosmetics, and saloon business.. Pls help me

    1. Hello Ngozi,

      it all depends on;

      1. your capital (whether you want start it as a large scale, medium scale or small scale business)
      2. the one you have little or good knowledge of.
      3. your location and where you intend locating the business.
      Etc.
      However, being a young woman; I suggest you start with cosmetics and saloon business.

      If you need a good business plan on cosmetics and saloon business, we can provide that for you.

  9. Hello Emma, I’m based in the UK. I’m on the verge of sending 500,000 naira to my younger sister in Lagos to start a business. Is this amount substantial for a small scale business and if so which business can bring her monthly income in the shortest possible time?

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