Lucrative Business in Nigeria: 10 Smart Picks for 2025

Discover lucrative business in Nigeria. Explore 10 smart picks for 2025 that require low capital and offer high returns for aspiring entrepreneurs.

Look at the high level of unemployment, as well as the damning inflation and low-paying jobs. You will understand why many Nigerians are now focusing on setting up their own business as a way to earn more money and secure their future.

While it’s absolutely good to venture into business, the truth still remains that not every business out there is really profitable.

In fact, some businesses may look just good on paper, but when you decide to venture into them, you might fail woefully because of some contributing situations like poor planning, a high level of competition, or even a lack of demand.

So you must choose a very lucrative business that is capable of bringing you more money, has a ready market, and, most importantly, does not require you to have a huge capital before you can start.

In this article, we will take a look at some of the most lucrative businesses you can venture into here in Nigeria.

It doesn’t really matter if you are looking for something. You’ll start with small money or something that gives you income daily. Even if you are looking for a business that only suits ladies, do not worry; this blog post will touch every part of profitable business in Nigeria.

In fact, we’ll also look at some of the hidden business opportunities that a lot of people don’t know about.

These businesses have the possibility of bringing you cool money on a daily basis here in Nigeria, and most of these businesses do not even need you to have university degrees or connections before you start growing.

The most important thing you will need is the right information, a little capital, and willingness to start immediately.

Real-Life Success Stories

Consider the story of Adeola, a young entrepreneur who started a small catering business from her home kitchen. She invested only a small amount in initial ingredients and quickly built a loyal customer base through word of mouth and social media. Within a year, Adeola expanded her services to include event catering and has seen her income quadruple. Her experience underscores the potential success that can come from careful planning and operation.

What Makes a Business Lucrative in Nigeria?

When you talk about a lucrative business in Nigeria, you are simply looking at a business that is going to bring you really good profit and has a very high chance of success.

Some businesses in Nigeria make more money than others, and factors like the daily demands, population, as well as low running costs, play huge roles. You may ask, but what exactly makes a business profitable or “lucrative” in Nigeria?

High Demand

If there’s a daily need for a product or service every day, then that business will have a really high chance of making money daily. Good examples are food and transportation; they’re in high demand on a daily basis, as people can’t do without them no matter the season.

Low Startup Cost

As one of the poverty capitals of the world, most Nigerians don’t have millions to start businesses. To these set of entrepreneurs, the best businesses for them to start are those they can start with small money and then grow over time. Once a business allows you to start with small capital and then grow from there, there’s every chance that the business is going to succeed.

Daily Cash Flow

Any business that has the capability of giving you income on a daily basis is definitely very attractive. These types of businesses will help you to cover all your daily expenses. You’ll also have the opportunity to reinvest in the business quickly. A good example of such businesses include a POS business, food vending, or even airtime reselling. With these businesses, you are sure of cash inflow on a daily basis.

Easy to Operate

Some businesses are much easier for you to run than others. Suppose the business you are venturing into does not need much experience or special training. In that case, it becomes much easier for you to start these kinds of businesses and manage them effectively on their own.

Scalability

Before a business is called lucrative, there’s every need for it to show signs of growth. What this means is that you should be able to expand your business to other locations. That way, it will be much easier for you to increase your customer base and also add new products or services to your business as time goes on.

Location Advantage

Your business must match what people around that environment need. If, for instance, you are running a food business around a school, there’s every likelihood that the business is going to do better than someone who’s running there in a quiet area. Before you can say a business is lucrative in Nigeria, it should be easy to start; it must be in high demand, and the income should be consistent, too.

Daily Income Business in Nigeria

One of the very best ways you can survive and make a living in Nigeria is for you to start a business that is capable of giving you money on a daily basis. These types of businesses are referred to as “daily income businesses.”

They’re often in high demand and fast-moving. Most of these businesses do not need you to have enough capital before you can start them, so here are our top 10 daily income business ideas in Nigeria that you can start today:

POS Business (Agent Banking)

The Point of Sale (POS) is one of the most popular income businesses in Nigeria. Your duty as a POS agent is to help people withdraw money, send funds, and also buy airtime or data. A lot of places, like rural areas or semi-urban areas, do not really have enough banks and ATMs to take care of everyone. That’s one of the main reasons why POS agents are in high demand.

• Startup cost: It is going to cost you about ₦50,000–₦150,000 (for the POS machine and capital).

On a daily basis, you could be getting a daily profit of around ₦3,000–₦10,000, although your location will play a huge role in how much you are going to earn.

For you to start a POS business, you’ll have to register with a mobile banking company. We recommend companies like Opay, Palmpay, Moniepoint, etc. They’re very reliable.

Food Vending (Cooked Food or Snacks)

Food vending is another daily income business you can consider. People must eat food every day, no matter how bad the country’s economy is. So, if you know how to cook very well, why not start selling some popular Nigerian foods like jollof rice, beans, noodles, or even snacks like buns and puff puff? You could set up your shop by the roadside, near a school, or a marketplace.

• Startup cost: Starting might cost you around ₦10,000–₦50,000, although the size of the food shop you are setting up will decide how much you are going to spend.

•  You can expect a daily profit of around ₦2,000–₦10,000+

For you to really succeed in this business, you must learn to cook very cleanly. Also, your food needs to be really tasty. That way, it will be very much easier for you to get a customer base.

Recharge Card and Data Reselling

Setting up a recharge card and data reselling business is very easy to do, and you do not even need big capital. Almost everyone in Nigeria today has a mobile phone, meaning the demand for data and airtime is on a daily basis. You can decide to sell through your phone. You can use platforms like VTU.ng, Clubkonnect, or Topupgenie.

• For a startup, it is expected to cost you around ₦2,000–₦10,000

•  Your daily profit should be within ₦500–₦5,000+

You could also add cable TV subscriptions as well as make electricity bill payments for customers. That way, it becomes easier for you to make more money.

READ MORE: Fintech Companies in Nigeria: 5 Impressive Performers

Car Wash Business

With more and more cars on our roads and a really dusty environment, the car wash business is another one you can consider. The business is booming right now. To get started, just get yourself a water supply, a very good space, a generator or pumping machine, and other car wash tools.

• For a startup, you should budget around ₦30,000–₦100,000

•  Your daily profit will fall within ₦3,000–₦15,000 based on where your car wash is located as well as customer traffic. Also, you can decide to add a motorbike or even keke washing so as to get extra income.

Laundry and Dry Cleaning Business

A lot of working-class Nigerians don’t really have the time to get their clothes washed themselves. If you are able to give them very clean and neat laundry services, people will be very happy to pay. If you don’t have money to rent a shop, you can even start from your home.

• For a startup, it is going to cost: ₦200,000–₦500,000

•  Your daily profit could be around ₦2,000–₦8,000 or even more.

To start, you are going to need a washing machine. Alternatively, you could go for a handwashing setup. Also, you’ll need an iron and other packaging material.

Selling Cold Drinks and Pure Water

If you are in a busy area that has high foot traffic, then this business will work for you. It’s very good for those whose business center is within motor parks, markets, and junctions. You can make use of a cooler and ice block for a start. As time goes on, you could open a shop.

• Startup will cost you around ₦5,000–₦20,000

•  Expected daily profit: ₦1,000–₦5,000+

This business is not only simple, it’s also effective. Once you upgrade to a small deep freezer and generator, it simply means you are getting more money.

Barbing Salon or Haircut Services

Barbing is a need that’s regular, especially for men and boys. If you are very good at barbing, you can make money daily from haircuts and beard trims. You could also include dyeing and home services.

• For a startup, it’s expected to cost you around: ₦50,000–₦150,000

• Your daily profit: ₦3,000–₦15,000

In barbing, you really need to pay attention to your location. It matters a lot. If you open your business in a busy area that’s close to hostels, it is going to boom. Consider offering home services. That way, you’ll receive extra pay.

Delivery or Bike Logistics Services

Obviously, online shopping, as well as home deliveries, are on the rise in Nigeria. If you have a bike, you can make use of it to deliver food, small parcels, or documents for people and small businesses. You can even decide to partner with vendors or restaurants to make deliveries for their customers.

• For a startup, it could cost: ₦150,000–₦300,000, that’s if buying a bike or renting one weekly.

•  Your daily profit will be around ₦4,000–₦12,000 or more. You can register on apps like Gokada, Kwik Delivery, and Jumia Logistics.

Phone Accessories and Gadget Sales

People are always in need of phone chargers, screen protectors, power banks, headsets, and earphones. This type of business is very active because almost everyone owns a phone. If you are in a market, campus, or roadside store, it will be a plus for you.

• Your initial startup investment could cost: ₦20,000–₦100,000

•  On a daily, your profit: ₦2,000–₦10,000

You can buy in bulk from Lagos, Computer Village, to be precise. Alternatively, you could also buy in online marketplaces and then resell.

Betting Shop or Football Viewing Center

Nigerians’ love for sports is unmatched, most especially football. If you have your own space, you can run a football viewing center where people will pay to watch matches.

If you decide to add sports betting like Bet9ja and SportyBet, it will give you more money. You can also decide to add gaming like FIFA and Pes4.

• Startup cost: ₦100,000–₦300,000

•  Daily profit: ₦5,000–₦20,000, especially on days that are match days.

To start better, you will need to have a television. You also need a satellite decoder, then a generator, chairs, etc. Your space also needs to be ventilated to improve your customers’ comfortability.

How You Can Succeed in Daily Income Business

• Start small: You don’t need to wait till you have everything before you can. Just start with what you have, then grow from there.

• Be consistent: Customers love buying from those who are consistent. They want to be sure that they’re seeing you whenever they come, so always open at the same time every day to sell your goods or services.

• Keep good records: Always know how much money you make every day. That way, it’s easier to know if you are making gains or losses.

• Save and reinvest: Make use of some part of your profit to reinvest in your business. That way, it’ll grow more.

• Promote your business: Finally, you can make use of social media to promote your business so that it can reach more customers. Next chapter, we’ll look at some of the most profitable businesses in Nigeria that need low capital.

Most Profitable Businesses in Nigeria with Low Capital

One of the most frequent excuses most Nigerians give for not starting their own business is that they don’t have enough capital.

The obvious truth is that you don’t really need to have millions of naira before you can start a profitable business here in Nigeria. There are actually lots of businesses that don’t require capital to begin, and you are sure of steady profit.

These businesses are very easy to start, and you’ll need very simple tools or skills to start them. We’ll look at some of those businesses.

1. Mini Importation Business

Mini importation involves buying very cheap products from countries like China and selling them here in Nigeria. You can start with as low as ₦50,000. You can buy items like phone accessories, fashion items, or even beauty products.

These items you can get from websites like 1688.com or AliExpress. You can ship them to Nigeria and sell them through WhatsApp, Instagram, Jiji, or Marketplace. This business is very profitable because you can make up to 2x or 3x profit on each of the products if you decide to sell smartly.

2. Hair and Wig Business

The hair business is booming in Nigeria, especially for women. You don’t even need a shop to begin. You can start small, just one or two wigs, and reselling online will do.

Startup could cost you around ₦20,000–₦50,000. You can use Instagram, Facebook, and your WhatsApp status to sell. This business model is profitable because hair is always in demand, especially among ladies. You can make very high gains per sale.

READ MORE: Online Business That Pays Daily: 7 Legit Options You’ll Love

3. Liquid Soap and Detergent Production

This is one of the easiest small-scale manufacturing businesses you can do right from the comfort of your home.

Obviously, people are always in need of soaps for washing dishes as well as cleaning in general. You can start with around ₦10,000–₦30,000. To start, you’ll need to learn the production processes online. You could also attend a training which is not always expensive.

You can package your soap and sell it to homes and shops that need it. This business is very profitable because the cost of production is low, and you can sell them for profit.

4. Small Chops and Finger Foods Business

This is definitely one of the most profitable food businesses in Nigeria. We know for a fact that some food items like Puff puff, Buns, Chin chin, Meat Pie, etc., are always in very high demand, especially at parties, in schools, and in offices. You can start this business with around ₦15,000–₦40,000.

To start, you can just make a few trays and share the samples. You can also promote them with word of mouth and pictures on your social media platforms. This business is particularly profitable because the ingredients used in making them are actually cheap, and you can sell them at a very good price. People love snacks too much here in Nigeria, so it’s a sure thing for you.

5. Mobile Phone Repairs

For a mobile phone repair, you don’t really need a shop or any expensive tools for you to start small. Once you are able to learn the skills, you can start from your home or even do home services for customers. You can also go to popular markets and attach yourself to businesses that sell phones. Starting up this business can cost you around ₦20,000–₦50,000 for your training and tools. This business is particularly profitable since phones always develop faults. When they consider the cost of buying a new one, repair becomes a better alternative.

6. Thrift (Okrika) Clothing Business

Buying and selling second-hand clothes (okrika) is not only fast-moving, it is also a very low-risk business. All you need to do is to start with a bale. If you don’t have much money, you can go for half a bale. You can start with ₦50,000–₦100,000.

You can buy from major markets like Yaba, Ariaria in Aba, or even Katangua. You can sell them on Instagram, roadside stalls, markets, or roadside. It’s very profitable because they’re very cheap to buy, they’re also easy to sell, and the demand is high.

7. Shawarma and Small Food Stand

In Nigeria, no denying the fact that street foods sell very fast. If you know how to make shawarma, burgers, or egg rolls, you can easily start a small roadside food business. ₦30,000–₦80,000 should be enough to begin with. All you need is a small grill, frying pan, table, and packaging. It’s very profitable because fast food buyers will always buy from you, especially if you stay in busy areas.

8. Dropshipping Business

Dropshipping simply means selling products online without having to stock them yourself. When someone decides to buy from you, you must simply forward the order to your suppliers who will then deliver to the customer. Starting will cost you a meager ₦0–₦10,000. All you need is data and internet connection. You can use Instagram, WhatsApp, and other online marketplaces to sell your products. It’s particularly profitable when you consider the fact you don’t need a warehouse, packaging goods, or the obvious stress that comes with delivery. Your main work is to act as a middleman and keep your profit.

9. Selling Digital Products

Suppose you are good at writing, designing, or making videos. In that case, you can be a digital marketer by selling eBooks, online courses, or templates. You can also make good money by creating logos or social media content for businesses that might need them. It is going to cost you just ₦0–₦15,000 to start. You can create these digital products and sell them on platforms like Selar, Paystack, or through social media. They’re profitable because you just have to create them once, and you can keep selling them forever; there’s absolutely no need for physical goods.

10. Mobile Photography or Phone Videography

Suppose you have a very good smartphone that comes with a clear camera. In that case, you can actually start taking photos as well as recording short videos, especially for birthdays, Instagram content, or business pages. All you need is just your smartphone and maybe around ₦5,000–₦20,000 that you will use for editing apps, and maybe a tripod stand. It’s particularly profitable because everyone wants a nice photo and video. Your target audience could be students, small businesses that want a social media presence, and event planners.

How You Can Easily Succeed in Low Capital Businesses

1. Start small, grow big: You don’t have to wait for everything to be in perfect condition before you can start. Just make use of what you have, then you can grow from there.

2. Use social media: Social media is your friend; make use of it. Use it to promote your business on WhatsApp, Instagram, and Facebook. Always post those videos and pictures; that way, you’ll easily reach new customers.

3. Focus on value: Always focus on values. Once you do this, money will come naturally. Just make sure your services or products are solving problems. Once they add value, people will pay for them.

4. Be consistent: Always show up daily. Nothing kills businesses like inconsistencies. Show up every day.

5. Reinvest your profit: Don’t make the mistake of eating all your gain. Always use some part of it to reinvest in your business so that it can expand and improve. In the next chapter, we’ll look at some lucrative businesses in Nigeria that are suitable for ladies.

Lucrative Businesses in Nigeria for Ladies

Obviously, more women in Nigeria are becoming owners of really big businesses. These women have been creating wealth and supporting themselves and their families. What if I tell you that all you need is to have the right idea, and you can easily start a profitable business and grow it into something really sustainable? This business will suit you irrespective of whether you are a working-class or a stay-at-home mom. We’ll look at some of these profitable businesses you can venture into as a woman and grow into something really big.

1. Hair and Wig Business

The hair and wig business is one of the most profitable businesses any woman can venture into here in Nigeria. Nigerian women are beautiful; they love good hair, too. This has, of course, made wigs to be in very high demand every day in Nigeria.

For you to start, you can resell human hair or synthetic wigs. To get them cheaper, you can buy from local suppliers or, better still, import from China if you know your way.

These products can be promoted on social media platforms like Facebook, TikTok, Instagram, etc. You can start with as low as ₦20,000–₦100,000. You can make a really huge profit for every wig you sell, especially if you are selling to the right customer.

2. Makeup Artistry

If you are someone who loves beauty and makeup, then you might have to consider being a makeup artist. It’s not only fun, it is also financially rewarding. Almost every woman out there needs beautiful makeup partygoers; corporate ladies all need it.

You can learn the skills through a short course online. Preferably, you can learn physically from an established makeup home. You can start with basic tools and improve as time goes on. Those who need home services can reach out to you. With just ₦30,000–₦80,000, you can begin. Clients do pay very well, especially if it’s a bridal or event makeup. You can also sell makeup products just to get extra income.

3. Catering and Small Chops Business

It is no longer a hidden fact that Nigerian women are naturally very good at cooking, and this particular type of business will definitely bring you income daily or weekly. All you need to do is to start from your home or small space.

You can sell moimoi, small chops, jollof rice, cakes, etc. Also, you can sell to offices, schools, or events. The startup cost should be around ₦20,000–₦50,000. We know for a fact that food sells very fast because people are always eating. Just one bulk order can give you a whole lot of money in one day.

4. Fashion Design and Tailoring

Nigerian women who enjoy fashion and clothes could become fashion designers and tailors. This business is very powerful, especially for women. We know for a fact that Nigerian women do love very stylish outfits, especially for weddings, birthdays, Owambe, etc. You can easily learn tailoring at a fashion school or from a very skilled tailor. You just need to start with very simple styles, then grow from there to a full fashion collection.

You can start up with around ₦50,000–₦200,000. This amount is for sewing machines and materials that you might need. Tailors are always in high demand. If you are a very good one, you can make really serious money from it.

Alternatively, you can also sew for men and children. That will be an added advantage.

5. Skincare and Beauty Products Business

Nigerian ladies love looking good, which is one more reason why skincare products are always in high demand. You can start selling body creams, oils, scrubs, or even natural products. To start, you need to learn how to make skincare products. Alternatively, you can also decide to buy in large quantities and then resell them.

Your primary target should be ladies on social media and salons. You can target salons, too. It will cost you just ₦10,000–₦50,000 to start. Some sellers of skincare products can make up to 3–5x of their initial capital. Adding perfumes to your beauty kits will be an added advantage.

6. Online Tutoring and Coaching

Lots of Nigerian women are making money online through online tutoring and coaching. Suppose you are good in English, cooking, mathematics, makeup, or even relationship advice. In that case, you can actually teach people online how to make money. Use WhatsApp, Telegram, or Zoom to host training with your students. Always charge some fees per student.

You may create eBooks or courses as an alternative source of income. You can easily start with ₦0–₦10,000. You don’t even need a shop. All you need is your phone, a very good knowledge of what you are tutoring, and a stable internet connection. If you are a lady who prefers flexible work, then this is perfect for you.

7. Selling Female Clothing and Accessories

You can also make very good money by selling ready-made dresses, quality handbags, shoes, or even jewelry. Obviously, ladies do shop very often, especially for new trends. You can buy from local markets in your area or even import from China, Dubai, or Turkey. All you have to do is resell them on social media or create a small online store for them. It will cost you around ₦20,000–₦100,000 to start. Fashion moves very fast, so if you can package your goods and marketing very well, it will be easier for you to gain regular customers.

8. Social Media Management

A lot of business owners out there are always looking for someone who will help them manage their social media pages like Facebook and Instagram. If you know your way around content creation, you can post regularly.

Many business owners want someone to help them manage their Instagram or Facebook pages.

If you know how to create content and post regularly, this is for you. To start, all you need to do is learn some basic social media skills. You can then offer this service to small businesses, vendors, and coaches. It costs you almost nothing to set up. You can easily manage a lot of pages and charge them monthly fees. If you are a smart lady who is also tech-savvy, then it’s for you.

9. Daycare or Home Babysitting

As a lady who loves having children around, consider babysitting or daycare if you have enough space in your home. A lot of working mothers actually need someone who they can trust to take care of their babies.

All you need to do is to create an environment that is safe and clean. You can then register with parents within your area. All this could be achieved with just ₦20,000–₦100,000. A lot of parents are more than willing to pay for this childcare.

10. YouTube or TikTok Content Creation

Suppose you are creative or funny, and you love sharing stories, fashion tips, or even skits. In that case, you can easily start a YouTube channel or a TikTok account to grow your audience. You just need to make use of your phone to record videos. You can pick any niche that you love. If you remain consistent and engage with your followers, you will grow. All you need is just your phone and data. Once you grow your page, you can earn through monetization, affiliate marketing, and sponsorship ads.

Bonus Tips for Ladies Starting a Business

• Choose what you enjoy: Try to pick a business that you will love doing. That way, it will be easier to remain motivated even when you don’t feel like it.

• Use social media: Your social media platforms like Facebook, Instagram, and WhatsApp are really very powerful marketing tools. Always post regularly to build your brand.

• Start small: You must not wait to have everything before you begin. Just start with the little you have.

• Be consistent: Your customers will only trust you once they know you will show up every day.

• Learn daily: Learning shouldn’t end for you. You can join business groups. You can also attend free webinars to improve your skills.

There are some hidden business opportunities in Nigeria you might be overlooking. We’ll walk you through them in the next chapter so that you’ll know how to go about them.

Hidden Business Opportunities in Nigeria You Might Be Overlooking

When we think of starting a business in Nigeria, most people tend to focus more on ideas that are already popular, like selling clothes, food, or even running a salon. However, there are so many business opportunities people tend to ignore. Although these opportunities may not be as popular as the popular ones, they’re very profitable and are in high demand. We’ll look at some of them.

1. Laundry and Ironing Services

A lot of students, families, and professionals do not really have the time and energy to wash and iron their clothes. If you manage to start a small laundry business, even if it is from your home, it can bring you a very steady income. All you need is a washing machine. Alternatively, you can use your hand to wash. They also need iron and ironing board, as well as packaging materials. It can cost you around ₦30,000–₦100,000 to set up. A lot of people often overlook this as a serious business. The truth is that demand for them is very high, especially in the city.

2. Waste Collection and Recycling Business

In Nigeria, there is a huge waste management problem, but this could be a very good opportunity for a business-minded person. While running a recycling business, you can buy plastic bottles, cartons, nylons, and scraps. You can then convert them into new products. You just need to have a very good knowledge of recycling centers or companies that can buy waste. You can then access local communities where you can collect waste.

You can make use of a keke or van to collect the waste. Starting could cost around ₦50,000–₦150,000. A lot of people don’t normally see waste as money. Still, lots of smart entrepreneurs are actually cashing out, making millions from it.

3. Home and Office Cleaning Services

Cleaning services are quietly booming, and no one is talking about them. Go to places like Lagos and Abuja. You’ll see lots of landlords and business owners hiring cleaners for deep cleaning, regular maintenance, and also post-construction cleaning.

All that is needed for this business is basic cleaning equipment and disinfectants. With just a few staff members, you can even start solo. You can market your business through social media or flyers. Starting up could cost you around ₦80,000–₦120,000. This business is a low-profile service, but one thing is sure, the money is always steady, and if you do a very good job, your clients will remain loyal.

4. Delivery and Errand Services

There is a sharp rise in online shopping. Lots of businesses are looking for people to run errands and deliver for them. You don’t even need to be the owner of the bike. You can just decide to partner with someone who already has one.

Your work is just to pick up these items from shops or persons, and then you get them delivered to buyers. You can also run errands like groceries, document pickups, and food deliveries.

5. Affiliate Marketing

Affiliate marketing is another smart online business where you can easily earn money by just helping other businesses to sell their products. As an affiliate marketer, you don’t need to own anything. You just must promote other people’s goods and earn your commission for every sale.

You can sign up for affiliate programs on platforms like Expertnaire, Stakecut, or Jumia. You can make use of your WhatsApp, Facebook, or blog to promote your business in order to reach more customers.

 All you need is mostly your phone and data to start this business. Affiliate marketing is a digital hustle that a lot of Nigerians have yet to understand. The truth remains that lots of people who have knowledge of affiliate marketing are making six figures from the business.

6. Niche Blogging or Vlogging

You actually don’t need to be a celebrity before you can start making money from blogging or vlogging. You can start your blog or YouTube channel around a particular topic that is of interest to you.

It could be skincare, tech, parenting, farming, or even students’ lives. You can share useful content with your followers. Once you grow, you can monetize with ads, sponsored posts, and affiliate links. It can cost you around ₦10,000–₦50,000 for you to get your domain name, camera, or editing tools. Many people think niche blogging is dead, but the truth still remains that a lot of people are still making cool money from niche blogs and YouTube.

7. Voiceover and Audiobook Services

If you actually have a very good voice, hope for voice overs for ads, YouTube videos, audio books, and e-learning courses. A lot of Nigerian authors, man, want their books to be in audio format.

You just need to be in a very quiet place and have a very good phone. We can also make use of free, cheap editing apps like Audacity. You may not be thinking of your voice as a very good business, too. However, that voice of yours can actually bring you great income. You take advantage of it.

8. Farming of Herbs and Spices

Instead of planting just yam or maize, why not consider growing spices like turmeric, ginger, scent leaf, or bitter leaf? This particular set of crops sells very fast, and they are also in very high demand here in Nigeria and abroad. You can start with just ₦20,000–₦100,000. You can decide to start in your backyard or rent a small piece of land. Your target customers should be herbal product sellers, restaurants, or exporters. You can hardly see people talking much about it. Still, spice farming is actually more profitable than many regular crops out there.

9. Print-on-Demand Merchandise

You don’t actually need to own a printing machine before you can start selling custom t-shirts, mugs, or caps. With print-on-demand, you can easily create designs, and then you will allow a printing company to handle the rest for you.

All you need is to create a very catchy design or slogan. When someone orders any of them, your partner will then print them and deliver them. You can start with ₦0–₦20,000. Only very few Nigerians know how this model works, although it is actually growing fast now, especially on Instagram and TikTok.

10. Pet Care and Grooming Services

As more Nigerians are beginning to own dogs and cats, there has been a very increasing demand for pet services. If you are someone who loves animals, why not start a pet-sitting or grooming service? It could cost you around ₦10,000–₦50,000 to start. Your major clients will be veterinary clinics, pet owners, and breeders. Many people don’t actually see pets as a business, but it is quite lucrative.

How to Discover Hidden Opportunities Around You

• Observe people’s problems: Always observe people’s problems. Never hear someone talking about his services that you wish they had that could be an opportunity for you to explore.

• Look at what’s trending abroad: You should look for what is currently trending abroad. It doesn’t take time before it hits the Nigerian market. Dropshipping and print on demand is a very good example.

• Listen to what people avoid: If you see a business that people are continuously ignoring, it might mean you have less competition, which could be an advantage for you.

Final Thoughts

There are lots of businesses in Nigeria that you can start even though you don’t have enough capital. Some of these businesses can pay you on a daily basis.

The most important thing is for you to start small, always stay focused, and make sure you keep learning and improving on what you already know. You actually don’t need to wait until you know everything before you can start.

Just make use of what you have now and grow from there. A lot of people are making money just by solving very simple problems around them. You, too, can do it, but you must take the first step, and it will only be a matter of time before your business dreams become reality. We wish you success.