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Top 50 Lucrative Business Ideas to Start in Nigeria

Nuelson Penuel Sunday, June 4, 2023 Business

 
In this post, you will learn about 50 profitable business ideas in Nigeria to start in order to earn food cash for a living: 1. Food truck business - A great option for those who love to cook and want to sell their food to a larger audience. Food trucks are also becoming popular at events. 2. Agriculture business - Agriculture is a highly lucrative business in Nigeria. Farming is a great option to start from small, and as the business grows, the farmer can expand it into a large commercial farm. 3. Cleaning services - Cleaning services can be started with low capital and can be very profitable. It includes cleaning offices, houses, industrial facilities and public places. 4. Delivery services - As more people are buying online, delivery services are in high demand. Delivery companies can offer different delivery options, including same-day delivery and express delivery. 5. Catering services - There is always a need for catering services in Nigeria, whether it's for corporate events or personal gatherings. There's a lot of competition, but with good quality food and low prices, a catering service can be very successful. 6. Event planning and management - Planning and managing events is a great business idea for those who are creative and organized. There is always a need for event planners in Nigeria, and with the growing economy, this business is highly lucrative. 7. Real estate agency - The real estate industry is growing rapidly in Nigeria, making it a perfect time to start a real estate agency. Real estate agencies help clients buy, sell and rent properties. 8. Personal training and fitness services - Nigeria is becoming more health-conscious, with many people turning to personal trainers and fitness services. Starting a personal training business doesn't require a lot of capital, and with the growing demand, it can be very profitable. 9. Fashion design and production - Fashion is a growing industry in Nigeria, and those with a creative eye can easily start a fashion design and production business. The business can range from designing and producing clothes to creating accessories such as bags and shoes. 10. Import and export of products - Importing and exporting different products is a great business idea for those who have experience in international trade. Nigeria's abundance of natural resources makes it an attractive market for importing and exporting. 11. Phone accessories and repair services - With the high demand for mobile phones, phone accessories and repair services are in high demand. Starting a phone accessories and repair services business requires little capital and can be very profitable. 12. Advertising and marketing services - Advertising and marketing are essential for businesses to gain exposure and reach their target audience. With Nigeria's growing economy, there is a high demand for advertising and marketing services, making it a lucrative business idea. 13. Graphic design services - Graphic design services include creating logos, business cards, and web design for businesses. This business requires little capital and can be operated from home. 14. Car wash business - In Nigeria, car wash business has a high demand due to dust and bad roads. It is a profitable business that requires low capital. 15. Transportation and logistics services - Transportation and logistics services are always in demand in Nigeria due to the growing economy. Start with a single truck and grow your business by adding more vehicles to your fleet. 16. Daycare and babysitting services - For those who love children, starting a daycare or babysitting service can be highly rewarding. Daycare and babysitting services are highly in demand due to parents' busy work schedules. 17. Interior design and home decor - With the growth of the economy, there is a high demand for interior design and home decor services. Starting a business in this field requires some experience and expertise but can be highly profitable. 18. Electrical services - Electrical services include installations and repairs of electrical appliances and equipment. With Nigeria's infrastructure growing, this business is highly in demand. 19. Beauty salon and spa business - Beauty salons and spas are in high demand among Nigerians. A beauty salon and spa business require a moderate amount of capital to start. 20. Photography and videography services - Photography and videography services include taking pictures and videos for events, businesses, and individuals. Starting this business requires some photography skills and equipment. 21. Social media management services - Social media management services include creating and managing social media accounts for businesses and individuals. This business can be operated from home and requires little capital. 22. Virtual assistant services - Virtual assistant services include administrative work, research, and data entry. It's a flexible business idea that can be done from home. 23. Web development services - With the growth of the internet, web development services are in high demand. Starting this business requires coding knowledge and some experience. 24. Travel agency and tour services - Nigeria has a lot of tourism potential, making travel agencies and tour services a profitable business idea. This business requires knowledge of different travel destinations and expertise in organizing travel itineraries. 25. Health and wellness products - With the growing health consciousness among Nigerians, health and wellness products are in high demand. This business requires knowledge of various health supplements and healthy products, making it a lucrative business idea. 26. Electronics repairs and maintenance services - With the high demand for electronic devices, electronics repairs and maintenance services are highly in demand. Starting this business requires some experience and knowledge of electronics. 27. Computer sales and repairs business - Computers are an essential part of Nigeria's growing economy, making computer sales and repairs a highly lucrative business idea. 28. Inland waterway shipping and transport services - Inland waterway shipping and transport services need little capital to start and can be highly profitable. 29. Online store - An online store can be operated from anywhere, and it requires little capital. There are also many channels for selling your goods, such as Jumia, Konga, etc. 30. Cybercafe business - Cyber cafes are still popular in Nigeria, and they can offer services such as printing, scanning, and surfing the internet. 31. Printing press business - Printing press businesses can offer printing services for businesses such as letterheads, business cards, and more. 32. Waste recycling business - A waste recycling business can be highly profitable, as there's always demand for recycling. 33. Courier services - Countless businesses need courier services, making it a highly lucrative business idea. It's a low capital business idea. 34. Copywriting services - With the growth of internet marketing, copywriting services are in high demand. It requires writing quality marketing copy for businesses. 35. Cryptocurrency trading and education services - Cryptocurrency trading and education services are in high demand among Nigerians. Starting this business requires some experience in cryptocurrency. 36. Furniture production and sales - Furniture production and sales require technical skills in furniture-making and a space to produce and sell them. 37. Mobile money and payment services - Mobile money and payment services are in high demand in Nigeria due to the country's growing economy. Starting this business requires knowledge of financial services and good relationships with banks. 38. Snail farming business - Snail farming is a highly profitable business that requires little capital. Snail farms have low maintenance and can be set up in any space. 39. Bakery business - Bakeries are in high demand in Nigeria, and there are different types of baked goods that you can specialize in, from bread to cakes. 40. Poultry farming business - Poultry farming is a highly profitable business that requires little capital, but it requires knowledge and experience in poultry farming. 41. Fish farming business - Fish farming is in high demand due to the large percentage of fish being imported into Nigerian markets. 42. E-commerce business - E-commerce businesses are popular in Nigeria, and they can sell anything from clothes to cars. It requires knowledge of e-commerce platforms such as Shopify or WooCommerce. 43. Solar energy products and installation services - Solar energy is in high demand in Nigeria, as it's an alternative source of energy that can be used in homes and businesses. 44. Laundry and dry-cleaning services - Laundry and dry-cleaning services require knowledge of different fabrics, cleaning methods, and equipment. 45. Computer training institute and tutorial services - Computer training institutes offer computer skills classes, and tutorial services offer personalized computer education services. 46. Gift shop business - Gift shops offer different gift items that can be sold to individuals or for corporate events. 47. Sporting goods and fitness equipment sales - With the growth of Nigeria's health and fitness industry, sporting goods and fitness equipment sales are in high demand. 48. Hair extension and wig business - Hair extension and wig businesses require knowledge of different hair types and textures. It's a huge industry in Nigeria. 49. Grocery store business - Grocery stores offer essential items such as food and household items to customers on a daily basis. 50. Livestock farming business - Livestock farming is a highly profitable business that requires knowledge of different animals such as cattle, goats, and sheep.

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