In today’s economy, starting a small business could be an excellent escape plan from the grip of unemployment. In Nigeria, it is not an exception, and it can even be more lucrative because of the country’s massive population. Nigeria’s population of almost 200 million people presents a wealthy and untapped market for entrepreneurs.
Starting a small business in Nigeria does not necessarily require a large sum of money. In this article, we would be discussing 20 small businesses that you can start in Nigeria with little capital.
Top 20 Small Businesses you can Start in Nigeria with Little Capital
Here are list of 20 businesses you can start in Nigeria today with little or no cash. You can actually make it big if you are determined and focused!.
1. Freelance writing
Freelance writing is an excellent way to earn extra cash and offers a lot of flexibility. You can decide to either freelance on your own or find a Freelance writing platform where you can get clients at a fee.
2. Retailing of Mobile phones and accessories
The use of mobile phones has become an essential part of our daily lives. Retailing of mobile phones and accessories in Nigeria can be a good business idea, especially when you focus on the fast-moving brands and accessories. You can run a mobile accessory retail shop online, or use social media platforms to advertise and sell.
3. Sale of Handmade Products
If you are creative, you can start making handmade products like bags, dresses, and jewellery. There is a growing demand for handmade services in Nigeria, and you can join the trend without significant capital.
4. Event planning
Event planning is lucrative in Nigeria, especially when you can organise events professionally. You can start your event planning business by creating a detailed portfolio of your past jobs and registering with one or two event planning platforms.
5. Graphic Design
In today’s digital world, graphic design is an essential aspect of businesses that want to create an online presence. You can start your graphic design business by downloading and learning how to use graphic design software. You don’t need to have a physical office, as all transactions can be done online.
6. Cleaning Services
Cleaning services are in high demand in Nigeria, especially in the commercial sector. You can start your cleaning business with a few cleaning materials and advertise your services to individuals and business owners.
7. Food Delivery
Starting a food delivery business in Nigeria is easy. You can partner with different eateries and offer delivery services to their customers. Most food outlets have no delivery option, and you can capitalize on this to create a food delivery business.
8. Social Media Management
Managing social media accounts for individuals and businesses is a lucrative business idea. You can start this business without significant capital, and all you need is a smartphone to access social media applications.
9. Ride-hailing Service
Ride-hailing services like Oride, Bolt, and Uber are popular transportation options in Nigeria. You can start your ride-hailing business without owning a car by partnering with car owners and earning a commission off each ride.
If you are passionate about taking photos, you can start your photography business in Nigeria with a small capital. You can offer photography services for events or shoot portraits.
11. Tutoring and Coaching
Offering tutoring and coaching services either online or in person can be a viable business idea, especially when you are skilled and experienced in the particular area you want to teach.
12. Car Wash Services
Car wash services are in high demand, and you can start a car wash business with a limited amount of money. You can advertise your business by sharing fliers or posting your services on social media platforms.
13. Laundry Services
Laundry services are also in high demand in Nigeria. You can start your laundry service business by picking up and delivering laundry to people in your neighbourhood.
Starting a tailoring business in Nigeria requires little capital. You can start by making clothes for people and then expand as you grow.
15. Content Creation
Content creation involves creating content for websites, blogs, and social media platforms. It can be a good business idea if you have a passion for writing and other aspects of content creation.
16. Make-up Artist
Make-up artists are high in demand in Nigeria, especially with the rise of events such as weddings. You can open a makeup studio or work with an event planning company and offer your make-up services.
17. Bookkeeping Services
Many small businesses in Nigeria need bookkeeping services. You can offer bookkeeping services remotely or work from your physical office.
18. Virtual Assistants
Virtual Assistants are becoming increasingly popular in Nigeria. You can provide administrative services, such as scheduling appointments, responding to emails and calls.
Blogging is a lucrative business idea that can earn you a lot of money in Nigeria. It requires little capital and can be done from home. You can earn money from advertising, affiliate marketing and sponsored posts.
20. Agricultural Businesses
Agriculture businesses are also a profitable business idea in Nigeria. You can start by growing vegetables or raising poultry and selling them to individuals or businesses in your locality.
In conclusion, starting a small business does not require a large sum of money, and Nigeria provides many avenues to start and grow such businesses. The business ideas discussed in this article present opportunities that can be maximized to earn good returns.
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