50 Successful Small Businesses in Nigeria with less capital startup

Updated; 17th January 2019. As I promised, I will keep updating this article on Successful Small Businesses in Nigeria with less capital startup. So after another year of research on successful businesses in Nigeria, I add below additional successful profitable businesses to start in Nigeria 2019 to the already existing list of profitable small businesses in Nigeria with low capital startup; I earlier discussed. Ideas are what most business oriented individuals need and here on naijaonlinebiz.com, we know how to provide it in excess. We suggest you start with the fast growing/moving Small business ideas that we constantly provide on this site if you intend to start small business in Nigeria this year.

  • Fast food Joint and eateries business – Eateries is one of the fastest incomes yielding business in Nigeria. Fast food Joint and eateries business is similar to Restaurant business. The business is a ‘quick to start’ type of business and also fast-moving business in Nigeria. The startup capital varies. It depends on the categories of your customers you wish to cater for.  If you wish to serve High class customers then you need huge capital to start up such eateries. However, if you target customers are low income earners then you need little capital start up. Eateries business is rampant in in places like Abuja wuse, Area I and Garki, Lagos Ikeja and Ikoyi, Kaduna, Ibadan, Kano, enugu, Aba etc. These are big cities in Nigeria and the business is well patronized there.
  • Sackets water packaging and distribution business (the capital input might be a bit high). You need sterilizing and packaging machine, tanks for storing water, distributing bus or truck etc. So, this requires considerably huge capital.
  • Importation /Mini-importation business (seriously affected by exchange rate). Many people starts on a low scale importation (mini-importation) and finally grow to become large importer of different products.
  • Product sales, distribution and marketing (the capital input might be high). However, you can negotiate with the producers or manufacturers of such product(s) to reduce start-up cost.If you need product(s) to start its distribution  in Nigeria today, you can read more on about distribution business  in Nigeria; requirements, profit and how to start .
  • Mobile phone accessory business (though no longer as lucrative as in the years back). If you intend starting Mobile phone accessories business, you can go through our articles on ‘how to start mobile phones accessories in Nigeria’ and ‘the mobile phone accessories business plan’. These articles are complete guide to mobile phone accessory business.
  • Cloth designing and Tailoring – This business requires skills. So, the first step to your success is to acquire skills. Go for both English and traditional wears tailoring, fashion and design training. Once done, boom! You’re made.  Cloth designing and tailoring is often a neglected business idea that is highly paying and the good thing about it is that you can start on a small scale if you like.
  • Okrika bale business – This business is thriving very well in Nigeria as a result of the poor economy of the country. An average income earner in Nigeria hardly enter the boutique in the name to buy first grade clothing.  So, Okrika bale business is a good business to start anywhere in Nigeria but most especially in sub-urban and rural localities. Lagos, Aba, Kano and Onitsha have good market to buy bales of clothes for sale. Startup capital for this business may vary; it depends on you but you can start with a small capital of one hundred thousand naira (N100000) to two hundred thousand naira (N200000)

Rome wasn’t built in a day. It takes time — sometimes years — to master a skill, craft, or habit. And while it’s good to keep perspective on your dreams, I think it’s better to remember the other side of this story”

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, strong financial backup, hard work, having the right mindset 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.  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 that particular business. These are secret of any successful business.

Below are Successful Small Businesses in Nigeria you can start in 2019 and beyond; 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)– read more on cost of starting fish farming in Nigeria

3. Snail Rearing Business – read more on How to Start Snail Rearing Business in your locality and newest methods of rearing snails for commercial purpose

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 – read more on how to start cassava processing business in Nigeria (including machine & factory equipment)

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

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. We have other 30 Online Money Making Business Opportunities; you can consider starting today. These internet based businesses may require little or no capital to start them up.  However, if you think that capital will serve as a hindrance, I will suggest you read up this  Ways to Raise capital to Start Business in Nigeria. 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 determination, diligent and hard work.

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

N.B: I will keep this article updated yearly.

 

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

  1. Oga Emma please I want to start tailoring material that is foreign local fabric available cash now is 200k, will it be enough and secondly is it advisable to partner with some one at this early stage.
    Thank you.

    1. It is not advisable to partner with someone at the stage of the business because of the problem that may emanate in future. I will suggest you increase your startup capital to at-least 300k.

  2. Hi, I want to start a farming business in Lagos like poultry or farming of crops like maize and so on but for Lagos I dont think farming can work but what about poultry will it bring big profit in Lagos and will the environment be OK for poultry how much will that be and I need advice.

    1. Poultry farming is profitable. However, you can loss in poultry business unimaginably.
      1. Poultry farming requires space
      2. it requires adequate care.
      3. it need you constant presence to monitor the farm.
      4. Lagos weather may slightly be harsh but if all conditions are meet, they will survive.
      Crop Farming will not work in lagos.

  3. New arrivals of okrika second hand clothes , shoes , bags etc get the best quality,direct supply now Best of London/U.K. Grade :A.A.A of any kind children and Adults unisex clothes .Very new and neat available at affordable rate.

  4. Good day,

    Please i need your advise on the type of business to engage with as another source of income that wont affect by work during the week but can be engaged with at weekend.
    I await your good response.

    Best regards

  5. Hi….
    I’m Barry
    I’m a software programmer
    Anyone interested in having a software either for Android phones or computer can reach me

  6. Am so sorry for asking too many questions, it just that i don’t have too much capital to start a big business, and my destination is to start a business that will not tied money down, looking at cosmetic its looks like it going to tied money down, just like this i but product too i can only buy the one i want not another, some product may stay one month or more without selling them out, that means money will b tied down, pls am just confused on the king of business to do, as a single girl pls help out, am really confusing myself i don’t have any business ideas, people are just telling me the one there think is good, pls help.

  7. Cosmetic and Palm oil business, which is better profitable, and a capital to start if is palm oil.

    1. Which of them do you have passion for. Palm oil is a perishable and seasonal goods. As a young Lady/woman, I will suggest cosmetics unless you have Palm oil supplier.

  8. My name is Queen. Please want to start a Cosmetic business in Lagos Nigeria, i will like to know how much capital do i need for it, and the kind of location to get. And to know if it’s profitable.

      • Starting a Cosmetic Business in Lagos Nigeria

      Cosmetic business is a Profitable business if properly manage. However, for you to be able to make it in this business; you have to be dealing on different varieties of Cosmetics products and that has to be in cartons.

      COST OF STARTING COSMETICS BUSINESS: There are some carton of body cream and lotions that cost up to N8,000, 10,000 N12,000 and more. So, this business may requires huge capital start up. You need to have at least N750,000 and above to be able to start up a medium scale Cosmetics business.

      LOCATION: The business can be located within streets close to other competitors or within Market close to other competitors.

      Problems associated with this business
      1. There are a lot of fake cosmetics product. So, try as much as you can to buy your products from the manufacturers, distributors or sub-distributors.
      2. Don’t sell on credit base.
      3. Don’t buy on credit base.

      Wish all the best!

  9. Sir. Am a student, do ubhave any business idea in mind that I can start with, which will help me with little of school things and also something that won’t really affect my studies. I really need your answer.

  10. please sir can you also help me on how to start a gotv and dstv centres thank you. Please kindly forward the information to my email am patrick obeten

  11. plz sir, am glad am here..
    plz can i start a purewater business with 40k.. and how should I go about it. ..tnks

    1. Hello Bello,
      I hope you know that there is difference between purewater business and Sachet water business. I want to be sure of the one you are referring to so that I can give a guideline on how start it.

  12. Hello Emmanuel,Goodmorning,please I have a capital of 400,000 and want to invest it I’m eatery and joint. Business ,I work in a pharmaceutical company as an account officer and as such will not have the opportunity to manage it myself,but I intend to employ workers who will manage it for me and monitor them from time to time.But I also intend to give them a target to remit atlest 5000 to me on a daily basis from the profit they make,is it a good idea and can you give me a good advise on how to go about it.Thank you.

    1. Hello Ijeoma,
      Your Idea is a good one.
      My advice:
      1. Make sure you set up a good management for the business.
      2. You need to make sure you have an idea of the profit they make in day (for at least 3months) before you begin to give them target.

      I’m sorry I responded late. I wish you all the best in your new business Venture.

  13. Great one,I am a student of university of Abuja,Abuja .I have 50k,what did u think I can start with why still in university. Thanks in anticipation.

    1. How to start a Weavon attachment Wholesale business with N200000

      First, you have to understand that starting any business in Nigeria is a difficult task no matter how much you have as your capital . You have to be passionate about the business and also be determine to succeed in spite of all odds.
      If you are convinced that Weavon attachment Wholesale business is the right business for you, then here is steps to take to start off the business.

      1. Go for market survey – Right Information is a key to every successful business. Find out from those who are already into the business around your locality how profitable the business is. This will help you determine whether N200,000 is the right amount to start it. Remember, there are varieties or grades of Weavons. There are weavons of N800, N1000, N2000, N3000, N5000, N10000, N15000, N20000, N30000 etc. Find out the most selling grades of weavons and start dealing on the least cost. How many carton or roll will N200000 buy for you and how much will you sell to make profit? Please, try to do your calculation very well before you begin. However, you should never be discourage with result of your market survey.

      2. Choose the right location/shop – The best location should be where ladies do all kinds of things with weavons- Hair plating, weavon fixing and styling etc.

      3. Sell both foreign and locally made weavon – Variety is the spice of life. Allow your customer make their choice. Do not restrict your business to only one type of weavon. I want to believe you already know where you can buy both foreign and locally made weavon at low cost as a wholesale.

      4. Keep accurate records of your sales each day. To be sure you are maximizing profit and still expanding, you have to be keep accurate records of sale.

      In summary, it necessary you get sufficient information on the prices of weavons from those dealing on weavon business around your vicinity because the price of one carton or roll of weavon may vary from one locality to another. Be determine to succeed and you will definitely succeed.

      Wishing you success as you start your dream business!

  14. Please I’m interested in okrika business. Will 100k be enough to start up d business and to get first grade bail? I live in Akure.

    1. Starting Okrika Business with 100K

      If you intend starting a profitable First grade bail Okrika business; I will suggest you increase your start-up capital to atleast N200000. I believe the money will not be meant for only buying cloths.

    1. 2017 best selling products you can actually apply for their distributorship and sub-distributorship
      Here are best selling products you can actually apply for their distributorship and sub-distributorship;
      1. Sachet and Bottle water – This is one of the most selling product and profit making business in 2017. Starting Sachet and bottle water distribution business is very easy and requires little or no capital. The major thing you need to start sachet and bottle water distribution is space car or truck.
      2. Soft drink and Alcoholic Beverages like beer – This is another top selling product in Nigeria 2017 that you can apply for its distributorship.
      Others include;
      3. Toiletries
      4. Skin care products
      5. Drugs and Pharmaceutical products
      6. Poultry feeds and eggs
      7. Aluminium roofing sheets like ALUMACO

  15. I have N500000 and wanna start a poultry business, I already have a land but I fear because I want to start with 500 layers but after I minus the construction expenses, the money dropped down to about N170000, Please which other business can I embark on.

    1. You can embark on sub-distributorship. There are many distributor and sub-distributorship business you can embark on. However, it depends on your location and the demands of the people there.

  16. Thanks for your help and exposition. I need a small business I can do to support my banking job since I am a contract banker. Please help me with business I can do as a young girl to support my banking job

  17. I am a local miner and seller of gold and diamond in Sierra Leone West Africa. I will like to have a Nigerian business partners for our Gold and diamond.

  18. pls I would like to start a provision business near an academic institution probably in uyo.
    I need advice on capital and location
    tanks.

    1. The location is Ok since you said it near an academic institution. Since, you are just starting, try to sell at cheaper rate compare to other provision business around there to gain customers. In terms of capital; if you have at least N200000, you can start with that and grow from there.

  19. Thanks for the good work u are doing. I am a graduate, from imo state but i base in akwa ibom state. Pls i have been out of work for more than a year nw. Pls wat biz can i do with 500k, though i have worked as a sales rep for guinness and GSK. THANKS.

  20. Hello again, please can one use their car to be part of the Uber system or use their car as an airport taxi, please what does it entail to be part of these systems, are there certain payments to be made or groups to be joined to be part of this transportation systems.

    Thank you

  21. Hello, my location is Nigeria ,please i want to know the cost of starting up the business of frying Ankara, plantain, yam and sweet potato, how lucrative is it and how much capital does it entail and what exactly do think is needed to start up this business plus what do you think can be done to make it stand out among similar businesses.
    Thank you

  22. Hello Sir/ma

    Please can you advise me where to start from if i need to start online recharge card/dstv/gotv reload for people i already have client base but need a platform where i can start the website or something

  23. No maize flour in Kenya currently,can someone export it ?Sure you will get very good returns considering its their staple food.

  24. hi, am tega by name, i am contemplating on going into cement business, hw much capital do u think is minimal and does location really matter very much?

  25. Am a student pls i have upto 80k and am planning to start business but i dnt knw exactly to start with plz help me i need an advice

    1. Hello Mic
      There are a lot of businesses that you can start as student. But in all you have to ensure that it doesn’t coincides with the time of your lecture. The eighty thousand naira is ok. You can choose from this list: Businesses you can start as undergraduate or college student.

      You have to know that business and academy does not easily go together; it requires extra effort. So, to succeed you have to work extra hard but when you do, you will be the most happiest man in the world.

  26. I reside Anambra state, Awka to be precise. I have up-to 700K to start up a business to support my work. I don’t know know the kind of business to venture that will also give time for my work. Please I need your advice!

  27. Good day,pls I want to venture into selling of Nigerian made items such as indomie,detergent soap,laundry soap and biscuits pls any advice on this,note I already have a stand business which is imported goods

    1. Hello adeyemi abisola,
      My only advice is that you should know in a business of selling of such products; that what matters is the turn-over. You may need large capital for better turn over. If the turn-over is small after 5 to 6 months of the business, please diversify the business.

  28. God bless you for a well done job here.
    Please i am interested in piggery. what do I need to start up with. start up capital in place like Ogun or Ekiti state

  29. Good day sir,

    I really find your wall interesting and encouraging. This is what we need in Nigeria.

    Please, can you advise me on any dealers of recharge cards; do they by any means do training and if the business is still profitable?

    Thank you.

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