Are you looking for lucrative trending small scale business ideas in Nigeria with low investment? I am sure the answer is yes. Last few months my mailbox is flooded with inquiries from my Nigerian friends asking me for advice for right business opportunities. Here I have compiled 30 plus trending profitable small business ideas in Nigeria to explore. Read on.
Top 30+ Trending Profitable Small Scale Business Ideas in Nigeria
1#. Agricultural Support and Equipment Leasing
Farmers in Nigeria is showing a lot of interest in a more mechanised form of farming. Commercial farming is encouraged by present day government and many farmers are looking forward in remodelling their farming operations more technology driven. You can lease farming equipment to local farmers. You can also support farmers by providing good quality fertiliser, seeds, herbicides, insecticides, medicines & vaccines, micronutrients, etc
2#. Soy Beans Processing
Commercially soya beans processing to produce milk, soy flour, soya sauce, soyabean oil, natto etc is a very profitable agriculture business ideas to start with moderate capital investment. With proper marketing strategy, an entrepreneur can start this business in small scale also.
Soybean processing involves a series of steps to produce commodities for food, industrial, and animal feed uses. You can start a small bean processing plant as demand is huge in Nigeria.
3#. Cultivation and Processing of Maize
Maize is one of the most important crops cultivated in Nigeria. There is a huge potential in cultivation and processing of maize into flour, oil in Nigeria. Efficient planning and marketing will surely make this venture in Nigeria hugely profitable.
4#. Vermicompost-Organic Fertilizer Production
Vermicompost organic fertilizer production has now become a major component of agro-business models across Nigeria with a very low initial investment. An entrepreneur can start this business with a proper know-how of the production process. Read More...
5#. Organic Farm GreenHouse
An organic farm greenhouse business has a high potential to grow in Nigeria and succeed because steadily the demand for organically grown farm products has grown considerably. But since the demand for organically grown food products is now increasing, people are investing in land for organic farming. Read More…
6#. Fish Farming
Commercial fish farming business is a lucrative investment that can spin money at any time of the year continuously. With the implementation of modern techniques, an entrepreneur can start this business with moderate capital investment. Read More…
7#. Livestock Feed Production
This business is small scale manufacturing. Having confidence in distribution, one can start this business to make money out of livestock feed production. Read More…
8#. Flour Milling
Flour milling business has many diversified fields. An entrepreneur can start this business with a proper business plan. Establishing your own brand product is highly profitable in this business.
9#. Fruit juice-Jam-Jelly Production
Fruit juice-jam-jelly production business has a huge market opportunity in Nigeria. Anybody can start this business as the production process is simple and easy and can be started with a small investment.
10#. Groundnut Processing
Having confidence in the sourcing of raw material (ground nut) an entrepreneur can start this business with moderate capital investment. Processed groundnut has very good market potential globally.
11#. Cashew-nut Processing
Processed cashew nut is a consumer durable product and has huge market potential in the FMCG industry. An entrepreneur can initiate this venture semi-automatic small scale basis.
12#. Quail Egg Farming
Commercial quail farming is all about raising quails commercially for the purpose of profitable eggs and meat production. In Nigeria, quail farming is playing an important role in fulfilling the daily family nutrition demands and earning livings. Quail egg farming business in Nigeria is worth considering.
13#. Shrimp Farming
Shrimp farming is an aquaculture business that exists in the freshwater environment, producing shrimp or prawn for human consumption. The demand for this product is increasing globally.
14#. Fish Hatchery
A fish hatchery is a place for artificial breeding, hatching, and rearing through the early life stage of finfish and shellfish in particular. Hatcheries produce larval and juvenile fish primarily to support the aquaculture industry where they are transferred to on-growing systems.
15#. Poultry Farming
Love for poultry meat and eggs has grown at a staggering pace in Nigeria with growing population and improved economy. The young population in Nigeria are the highest consumers of poultry products. Poultry farming is one of the biggest business opportunity at present in Nigeria to be explored.
16#. Alternative Energy Solution Provider
Nigeria has seen a huge increase in the demand for power supply. Solar energy, Wind energy, and bioenergy are some of the alternative power supply sectors have created a platform for creative investors to explore.
17#. Cement Sales Distribution
With the growing population, the demand for housing is also increasing in Nigeria. If you have good networking skills and contact with builders, cement sales and distribution is surely a profitable venture in Nigeria.
18#. Mobile Phone Sales and Repairing
With the growing of aspirational young population in Nigeria, the growth in sales of mobile phones in Nigeria is staggering. Mobile phone sales and repairing is, therefore, an obviously profitable business opportunity in Nigeria at present.
19#. Bottled Water Production
Packaged drinking water is being used in every office, schools, party while travelling, and in homes at almost all cities in Nigeria. The growing demand for bottled water provides a viable option for investors to invest in this business opportunity.
20#. Soap making
Soap is a fast moving consumer product and has a good demand in Nigeria. Production of soap making is simple. Even you can start from home. Read More…
21#. Rabbit Farming Business
Rabbit farming is a good small business idea which you can start in Nigeria with small money. You will need right breed of rabbits, pellets, well-constructed rabbit hutches and labour to start this business.
22#. Small Bakery
You can set up a small bakery. You need baking equipment (pans, ovens, mixing equipment, cake decorating equipment and measuring equipment), raw materials (flour, eggs, sugar), consistent recipes, business permits and licenses and good marketing skills to start this business. As you make more profits, there is always an option of scaling up.
23#. Restaurant business
Scope of profit in food business is high as the economy of Nigeria is growing especially in cities like Nairobi. You can start a restaurant business. Passion for food is a prerequisite to be successful in this business.
24#. Laundry Business
Clean and dry the laundry of your customers. This easy to start profitable business is very easy to start. You just need a washing machine, pressing irons to start this business. Read More…
25#. Security Services
Security is a big concern in Nigeria. You can set up a security company, employ and train young individuals and provide security services to institutions and individuals.
#26. Computer Related Business
With the increase in sales in computers and laptops, scope of various services will automatically grow in Nigeria. There are several ways of initiating computer based businesses as the home based also. Read More…
27#. Adventure Club
You can start an adventure club providing training in mountaineering, scuba diving, surfing or caving.
28#. Advertising Campaign Developer
You can plan and build creative online campaigns and content for your clients— from successful social media campaigns, apps, mobile contests, video, email distribution, search engine optimization, online media ad buys — or a mix of all of the above.
29#. Baby Sitting
People who like children and lot of leisure time in hand can easily start babysitting business. Babysitting is simply taking care of other’s child in absence of their parents. This home based business is simply offering your clients peace of mind about their child in terms of qualifications and security. Good money making idea for women entrepreneurs in Nigeria.
30#. Mobile Food Truck Business
A person having minimum experience in food service industry can initiate this venture in city area of Nigeria. From food truck you can sell frozen and packaged items like ice cream, soft-drinks, sweets, and snacks or you can go for cooked items with specific menu including for breakfast, tiffin, lunch. Read More…
31#. Cartridge Refilling
Cartridge refilling business is providing ink and toner cartridge refilling service to your client instead of replacing the printer. For starting this business you will need to have skills and expertise of cartridge refilling. You can start this business in Nigeria with small capital investment. Read More…
Nigeria is a growing economy. Thus creates enormous opportunity for entrepreneurs. Manufacturing and service industry along with agriculture are the best sectors to start a business in Nigeria.