Are you interested in knowing the best small scale business ideas in Nigeria to start with low capital from home and earn daily income as a student, guy, lady, business enthusiast, stay-at-home mummy, or an unemployed graduate?
Then search no more because this article will provide you with 53 lucrative business ideas in Nigeria that pays daily you can start with little capital this month.
It is incumbent on us to have a side hustle because the inflation rate of the country is now alarming.
The rate of unemployment has left many people distressed because not having money can be harsh.
Hence, to fight the poverty chain, there is a need to get yourself involved in the lucrative business today.
There are many business opportunities for people with low capital to start with.
However, before you can start a business of your choice, it is required that you have:
- Good business idea or plan.
- Space to showcase your business.
- A little capital.
- Choose a name.
- Register your business.
With all this, you are ready to start your business.
However, you can start your business first before registering it.
53 Profitable Business Ideas in Nigeria With Low Capital in 2024
Here are the best small scale business ideas with low capital in Nigeria to start and earn daily.
1. Agriculture Business
The agricultural business is not just a lucrative business in Nigeria, but also evergreen.
This business can never fade as long as humanity exists.
You do not need to have a huge capital and big farmland before you can start this business.
You can comfortably start farming in your backyard or on any little piece of land near you.
Aside from being a business owner, the good thing is you will feed your family without problems.
Besides, you can start this business by collecting loans from philanthropists or the Bank of Agriculture operated by the Federal Government.
Some of the lucrative aspects of agriculture you can venture into are:
Cassava Farming
Cassava farming is getting more lucrative because of its diverse use.
Over the years, cassava has been a source of livelihood and food for millions of Nigerians.
Almost 90% of Nigerian homes consume cassava products (garri, cassava flour, animal feed, fufu) every day.
As the population of Nigeria continues to grow, the demand for cassava products will continue to rise.
In the National Cassava Summit, held in Abuja in 2021, it was stated that Nigeria has the financial ability to generate 427.3 million dollars (₦188bn) from domestic value-addition to cassava.
Also, she can earn an additional 2.98 billion dollars (₦1.2trn) while exporting cassava yearly.
Would you not like to benefit from this magnificent offer?
Poultry Farming
Poultry Farming in Nigeria is one of the most lucrative businesses you can start in agriculture.
As an entrepreneur in poultry farming, you can easily make good money within a short period.
You can never go wrong if you decide to start a poultry business today.
This is so because Nigerians consume about 1.5 million tons of chicken annually.
However, only 30% of this chicken is produced in Nigeria.
Other poultry products, like eggs and feathers, are also in high demand.
Rice Farming
Nigeria has a vast market for rice.
So, if you desire to venture into lucrative agricultural business ideas in Nigeria.
Then you can consider rice farming.
Approximately 7 million tons of rice are consumed annually in the country.
2. Food Business
The food business is also one of the lucrative business ideas in Nigeria to start with little capital.
This is so because there is no way people will not eat.
It is one essential to humans.
You can decide to venture into the raw or cooked one.
You can be rich doing this business if it is well-planned.
The good thing is that the business is all year round.
Below are some changes in the food business:
Food Supply Business
This is one of the most lucrative business ideas in Nigeria to start with little capital.
You can supply food for conferences, seminars, banks, cooperatives, and so on.
If you are venturing into the cooked food business, then you must have excellent cooking skills or employ someone who has.
However, you can also supply raw food to homes, schools, offices, and lots more.
Local Restaurant
If you so desire, you can open a local restaurant that pleas a particular set of food eaters.
For example, you can open a “typical Yoruba restaurant” where you serve the world-famous Abula with Ogufe soup.
You can also start a restaurant where you can prepare Hausa or Igbo delicacies.
However, having a specification in your local restaurants can be a turning point for people.
3. Transportation Business
The transportation business is also one of the lucrative businesses you can start with low capital.
Venturing into this business can make you rich as people will always transport themselves from one place to another.
With over 200 million people in Nigeria on the move, there is no doubt the business is lucrative.
You can be directly involved in the transportation business where you will be the one to drive for commercial purposes.
However, you do not need to do that yourself as you can hire a driver.
4. Delivery Company
Online shoppers are on the increase daily.
Most people are busy with their day-to-day activities hence they buy whatever they need online.
It is appropriate if you venture into the delivery company business as you will certainly make cool cash.
65% of internet users shop online and the number will increase in years to come.
Hence, there is a need for more delivery companies.
5. Anti-aging Spa
People love to look younger and more beautiful.
This is not limited to women alone men nowadays want to look more handsome.
You can open an anti-aging spa if you are in the beauty industry.
6. Bread and Bakery Business
A bakery business is one of the fast-selling businesses you can start with little capital in Nigeria.
A lot of Nigerians consume high amounts of bread daily.
With little capital, you are ready as you do not need to own a bakery before you bake bread.
In a nutshell, you can rent an oven hourly.
72% of Nigeria’s $621m bread industry is dominated by small-scale bakers.
You can supply shop chops to events, schools, offices, and more.
7. Digital Marketing
Digital marketing is one of the most lucrative business ideas in Nigeria to start with little capital.
The only thing needed in this business is a smartphone with a regular internet connection.
Aside from that, you may also require a good marketing strategy or skill.
Then identify your targeted customers and start making your cool profits.
You do not need to rent a shop because everything happens online.
8. Event Planner
Now people hire an event planner to handle their events.
Everyone desires colorful and well-organized events.
However, if you are the type that loves a well-organized party or probably, you’re a creative planner.
Then this is for you.
9. Electrical Home Appliances Repair
Electrical Home Appliances Repair is a lucrative business you can venture into.
Although, this business type is mainly for engineers or electricians.
However, repairing or fixing electrical appliances is a substantial business that doesn’t need a shop to start.
You can easily convert a small space in your home to a shop just to get started.
10. Phone and its Accessories Dealers
This is also one of the most lucrative business ideas in Nigeria to start with little capital.
In our world today, it is hard to find a person with a phone in their hand.
So, selling phones and their accessories (phone charger, battery, memory card, pouch) will certainly yield a great turnover.
There won’t be a day you won’t sell either a phone or one of its accessories.
11. Rental Services
We are in Nigeria, here we love parting.
A rental service business is indeed a great idea, as it requires little capital.
All you need is to get some equipment and rent it out at the desired price.
Some materials you can rent out are plastic chairs, pots, turning sticks, canopies,
or a hall for people.
12. Provision Store Business
Selling provision is not just lucrative, it is also evergreen.
You can venture into this business with little capital.
Though this business already has so many competitors, you will still make your sales.
13. Blogging Business
One of the lucrative businesses to begin with a little capital In Nigeria Is a blogging business.
However, you need to be a content writer or hire one to create unique and outstanding content.
All you need to start this business is a smartphone with regular internet or a laptop.
14. Make-Up Artist
Nowadays, the beauty industry is rapidly growing into a bigger dimension.
If you are the type that loves to beautify people with lipsticks, shadows, and powder.
Then it is advisable to consider starting this business.
Make-up is one of the lucrative business ideas in Nigeria to start with little capital.
15. Online/Offline Travel Planner
You can be an online/offline travel planner with low or no capital.
The rate at which people leave the country is high.
So many people need a trustworthy planner who can help them in planning their travel.
If you are a disciplined individual that won’t run away with people’s hard-earned money, be sure of getting customers.
16. Sales of Frozen Foods
Venturing into the frozen food business can be done with little capital.
All you will need is a freezer, a shop, and probably a scale for measurement.
However, you do not require a special skill to start this business.
17. Sales of Cooking Gas
Most households now make use of gas to prepare their meal.
You will hardly find a house without a gas cylinder.
As an entrepreneur with little capital, you can consider starting this business and making great sales.
18. Freelancer
As we all know, we are now in a digital world where almost everyone makes use of the Internet.
You can become a freelance writer and earn nonstop.
19. Fashionista
As human beings, we must clothe ourselves with a cloth.
The fashion designer business is lucrative.
Provided you have the required skill, all you need is a sewing machine.
You do not require a shop to start this shop.
20. Day Care Services
Daycare service is one of the lucrative business ideas in Nigeria to start with little capital.
Since working-class nursing mothers need to resume their place of work.
Most of them desire a place to keep their baby.
Hence, putting into daycare service would be a great idea.
All you need is a conducive apartment, beds, and some toys.
21. Real Estate
The real estate business is one of the most lucrative businesses in Nigeria to start with little capital.
Since people will always require shelter over their heads, then the businesses are worth venturing into.
The good news is that you do not need to have money before starting this business.
You can be an agent.
22. Furniture Business
The furniture business is no doubt among the most lucrative businesses you can start with little capital.
The everyday demand for furniture is high.
However, you can still start the business with any skill.
Just hire a professional carpenter that will help you do the job.
You can get a shop and help furniture display their country work.
23. Online Video Business
People spend more time online stuffing the internet than they spend watching TV.
Hence, consuming video online is becoming prominent.
Most especially on YouTube and Netflix.
You can easily start a video blog on YouTube and concentrate on the topic you are vast.
24. Dry Cleaning Business
The dry-cleaning business is lucrative, most especially in the city.
Busy workers mostly rely on dry cleaners for their laundry.
Also, companies and organizations make use of dry-cleaning services frequently.
Provided you are in the right location, be sure of great sales.
25. Pure Water Business
The most essential thing humans can never do without is water.
This business makes it one of the most lucrative businesses in Nigeria.
You do not need a shop.
You can easily sell from the comfort of your home with little capital.
26. Drop shipping Business
Dropshipping business is also a lucrative business you can start with small capital.
You do not need a warehouse, all that is needed is a smartphone with internet.
Open an online store, then copy inventory from manufacturers and put them in your online shop.
If anyone desires a good, the supplier will ship it to them, and you get your money.
27. Hotel Business
The hotel business is among the most lucrative businesses in Nigeria.
You can start up your business in a less competitive environment.
You can consider having an event hall alongside the hotel for people to rent for events.
28. Tutoring
If you have what it takes, then you can tutor people and make your cool cash.
This can be done both online and offline.
All you need is a smartphone, Internet connection, chalk or marker, and board.
It is one of the lucrative business ideas in Nigeria to start with little capital because teaching can never be out of date.
29. Consulting
Are you a skilled person?
If yes, then you can monetize the knowledge, experience, and skills you’ve gained over the years in your field.
This can be done by providing people with advice and charging them.
All you need is a smartphone, an Internet connection, and an office.
30. Okirika Business
Okirika business is a lucrative business in Nigeria.
Most Nigerian cannot afford to buy clothing in the boutique.
Therefore, when you venture into Okirika business, you will certainly make a great profit.
You do not need a shop before you can start your Okrika business.
31. Printing Business
The printing business is one of the most lucrative business ideas in Nigeria to start with little capital.
Although, it may require a huge amount of money.
However, you can start with a little money first.
32. Professional Car Wash
The car wash business is common in Nigeria and other parts of the world.
It is one of the most lucrative business ideas in Nigeria to start with little capital.
To start this business, all you need to do is to identify a busy environment with little to no car washes.
So far there is a constant source of the wash.
Just get a nice detergent and start your dream business.
33. Skin Care/Cosmetic Store
You can start a skincare or cosmetic store with little capital.
You can start this business easily in front of your house.
Just look for a supplier of the products you want to sell and start your business.
34. Barbershop
The barbershop is also a lucrative business.
You can start with little capital.
However, you need to get a shop to make it classic to some extent.
You may put up a TV for your customers to watch football.
Doing this, you will surely have more customers.
You can also charge tokens for football matches.
35. Affiliate Marketing
Affiliate marketing is also one of the lucrative business ideas in Nigeria to start with little capital.
You may not even need a starting capital before starting this.
However, it is required that you have a smartphone with a regular internet connection.
You can make your own money by selling other people’s products.
36. Create and Sell eBooks
Creating and selling eBooks online in your area of expertise is a lucrative business you can start in Nigeria.
People will buy from you immediately because they know you are an authority.
You do not need an office.
All you need is a smartphone and an Internet connection.
37. Hairstyling
Fashion at large is a big deal in Nigeria.
You can easily start this business with little capital.
You may not require a shop to start.
Venture into it now and watch your business grow.
Also, you can render home service, here you go to people’s houses to style their hair.
38. Auto Repair
Another lucrative business you can venture into is the auto repair business.
With a little capital, you can start this business even in front of your house.
If you are trustworthy and an expert, you will certainly have lots of customers.
39. Soap Business
Every household requires a shop to carry out several functions, which include washing plates, clothes, bathroom, and others.
Venturing into the soap business is a good idea.
Though the market is competitive, you will certainly have customers if your soap is good.
40. Viewing Centres
Establishing a viewing center is now a lucrative business.
This is so because of the growing interest of people in sports activities.
You need a steady electricity supply and a cable subscription.
Also, you will need a TV, benches for people to sit on, and a cover for the viewing center.
41. Web Design
As a web designer, you can build and design websites for individuals.
It is a lucrative business that requires little capital to start.
42. Organic Fruit Business
You can grow organically based fruit and sell your fresh fruit and vegetables.
Fresh fruit, vegetables, and herbs can be grown in a room in your home.
It is a lucrative business idea in Nigeria to start with little capital and be sure to earn lots of profits.
43. Plantain Chips Making and Sales
Production of plantain chips can be achieved with little capital.
You can supply offices, shops, and schools or even get people to hawk for you.
You do not require a shop as you can do this business from your kitchen.
44. Ice Block Production and Sale
Ice block production is a lucrative business you can venture into in Nigeria.
Most Nigerians love to take cold water or cold drink because we are exposed to an abundance of sunlight and heat.
However, most people do not have access to cold drinks because of poor electricity.
Hence, this makes ice block production a money-spinning business to do.
45. Mini Importation
Many people have ventured into importing items online through eCommerce sites like Alibaba, Aliexperess, and others.
You require a paltry amount of money to start this lucrative business.
46. Mobile Phone Repairs
With a phone repairs business, you will certainly earn good money if you are good at repairing it.
With ₦50k, you can start a phone repair and maintenance business directly from your home.
47. Marriage Counseling and Therapy
The rate of divorce is at its peak.
If you are a professional marriage counselor.
Then you can minimize your service.
All you need is an office equipped with some furniture.
48. Solar Energy Sales and Installation
Sales of solar energy and its installation are no doubt a lucrative business to start in Nigeria with little capital.
This is so because of the unstable power supply in Nigeria.
Therefore, many Nigerians are considering buying solar energy.
However, you do not need to own a solar energy company.
You can be an agent for a solar energy company and still earn your cool cash.
49. Shoe Making
The acceptability of Nigerian-made shoes is now on the increase.
Therefore, you can consider entering the market with little capital.
50. Custom Clothing
It is no more news that Nigerians love fashion.
The business of customizing cloth is one of the most lucrative business ideas you can start in Nigeria with little capital.
51. Event MC
Most Nigerian love parties.
For this reason, consider starting the business of any event MC.
However, you must love to talk a lot and can make people laugh.
52. Ankara Business
The clothing business is one of the most lucrative business ideas in Nigeria.
You can start with a little capital.
Aside from cloth, it is an essential item for humans.
Nigerians are known as great users of Ankara of different types and grades.
From personal usage to Aso Ebi attire.
Hence, considering this business will be great because it can make you rich.
53. Fitness Instructor
Do you love to keep fit and agile?
If your answer is yes, so also many people.
Most Nigerian are conscious of their weight and would pay any amount just to achieve that.
If you are an excellent instructor and have the skills required to be a fitness instructor, consider this gold mining business.
Ultimately, you do not need to have a fitness center before you do this.
You can always render home service.
Top 53 Small Scale Business in Nigeria
List of small-scale business ideas in Nigeria to start with low capital.
- Agriculture Business
- Food Business
- Transportation Business
- Delivery Company
- Anti-aging Spa
- Bread and Bakery Business
- Digital Marketing
- Event Planner
- Electrical Home Appliances Repair
- Phone and its Accessories Dealers
- Rental Services
- Provision Store Business
- Blogging Business
- Make-Up Artist
- Online/Offline Travel Planner
- Sales of Frozen Foods
- Sales of Cooking Gas
- Freelancer
- Fashionista
- Day Care Services
- Real Estate
- Furniture Business
- Online Video Business
- Dry Cleaning Business
- Pure Water Business
- Drop shipping Business
- Hotel Business
- Tutoring
- Consulting
- Okirika Business
- Printing Business
- Professional Car Wash
- Skin Care/Cosmetic Store
- Barbershop
- Affiliate Marketing
- Create and Sell eBooks
- Hairstyling
- Auto Repair
- Soap Business
- Viewing Centres
- Web Design
- Organic Fruit Business
- Plantain Chips Making and Sales
- Ice Block Production and Sale
- Mini Importation
- Mobile Phone Repairs
- Marriage Counseling and Therapy
- Solar Energy Sales and Installation
- Shoe Making
- Custom Clothing
- Event MC
- Ankara Business
- Fitness Instructor
Final Thoughts
We are sure by now you have already decided on which lucrative business ideas in Nigeria to start with low capital.
Start one now and leave the group of urgent 2k.
We wish you a successful business as you start.
See you at the top.
