To be honest, the most successful businesses in the world start from tiny ideas, and they work their ways up. For you to start a successful business in Nigeria, you need appropriate planning as the world of business is tough.
Do you want to start a new business, and you need some ideas on the types of business in Nigeria that are lucrative? You are in the right spot.
This article will cover some of the untapped and most lucrative businesses in Nigeria that you can start with reasonable capital. With good business management skills, anyone with money to invest can make it big in Nigeria.
Keep reading to discover these type of business oppunities you can start today. Sure and consistent profit is guaranteed!
Untapped business in nigeria
Many popular business ideas today in Nigeria have been flooded with people, including big businesses. However, there are several untapped businesses in Nigeria today. These business opportunities are thriving. You can venture into any of them and begin cashing out before they become saturated.
Below are some untapped businesses in Nigeria you can consider:
- Training centres.
- Hall leasing.
- Real estate development.
- Palm oil production.
- Radio station.
- Electricity alternative.
- Wallpaper production.
- Investing in tech company.
Business to start with 500k in nigeria
Are you tired of helping another man or woman build his/her business empire while you are being rewarded only peanuts? Mane you have some money saved up and plan to invest this fund in something that would give you extra income. That’s great! For you to become wealthy, you must develop the mindset of the rich – the rich keep getting rich because they never stop investing in themselves and businesses. They always find ways to multiply their money.
There are lucrative businesses you can start in Nigeria with up to N500,000.
Here are some of these profitable businesses:
- Block building business.
- Printing and publishing.
- Computer service center.
- Food processing.
- Renting service for building materials.
What kind of business can I start with 30,000 naira
One major challenge a lot of people with sound business ideas have in Nigeria is lack of start-up capital. Many Nigerians are hard working, with good business spirit in place.
Some aspiring business men and women go further by trying to secure loans to begin their businesses. This too is challenging in Nigeria.
What’s the way out of this? There are several profitable businesses in Nigeria thatcan be started with as low as N30,000.
Listed below are some of the top businesses you can start with 30,000 Naira. Just find the right location and you will always be in consistent profit.
- Poultry
- Pop corn production.
- Tutorial classes.
- Fairly-used clothes, a.k.a okrika clothes.
- Dry cleaning services.
- Mobile and electronic accessories.
- Home service hairstyling and barbing.
- Bead making.
Daily income business in nigeria
If you are tired of the 8-to-5 trap of having to work long hours for someone else before you can earn a living, then you need to step up with some real actions.
Do you need a daily income (Check out the top 11 Daily Income Business in Nigeria) where you don’t need to get bossed around for no reason ? You can invest in and manage any of these businesses in Nigeria.
- Dry cleaning business.
- Freelance writing or graphic design.
- Car wash business.
- Transport business.
- Hair styling/hair cut business.
Top 10 small scale business in nigeria
There are lots of profitable small scale businesses in Nigeria. Below are the top 10:
- Cosmetics production business.
- Gym business.
- Tomato farming business.
- Selling mobile phone accessories.
- Mobile phone repairs.
- Ice block production and sale.
- Plantain chips production and sale.
Fast growing business in nigeria
In Nigeria today, certain businesses are growing rapidly and you hav to always pay close attention to them if you want to milk out some cool profit.
Here are some of them:
- Real estate.
- Poultry business.
- Catfish farming.
- Haulage and outsourcing.
- Daycare centre.
- Food processing.
- Bottle/sachet water production.
Untapped business in nigeria 2020
Year 2020 presents a bunch of untapped business opportunities in Nigeria.
Here are few of these untapped businesses:
- Home alternative energy.
- Waste and sanitation management.
- Organic farming business.
- Food truck/container business.
- Blogging and digital marketing.
Lucrative business in nigeria with small capital
What are some lucrative business in Nigeria with small capital? Many Nigerians often ask this question.
Below are some of the best profitable businesses in Nigeria (Check how to exactly how to register a business in Nigeria) that you can start with small capital:
- Plantain chips making and sale.
- Selling drinks and water.
- Mobile phone repairs.
- Bread supply and distribution.
- Dry cleaning and laundry services.
- Selling mobile phone accessories.
- Egg supply and distribution.
Author
Daniel is a Digital Marketer and a Copywriter.
He is a member of the Association of Business Executives (UK).
On most days, he enjoys writing, soccer, and spending time with Nature.