If you are finding it hard to generate business ideas – I have compiled a list of hot business ideas you can start in Nigeria. These business ideas are highly lucrative business ideas in Nigeria presently.
In these hot business ideas write up, you will find some untapped business in Nigeria that you can venture into and get a good return for your investment.
So, it doesn’t matter if you are employed, unemployed – even if you are still schooling you will learn how to make money in Nigeria as a student.
There are several thriving businesses in Nigeria on this list you can venture into and get a good return for your investment.
List of profitable business ideas in Nigeria
Table of Contents
1. Fast Food Joint
With many people staying away from home, they will have at least one meal away from home. Therefore the fast food joint is one of the food business ideas in Nigeria you can make good income from.
You can easily start this business even without an office. All you have to do is prepare snacks or food to an acceptable standard in your house or any other place. Afterward, you meet the manager of any organization you would like to supply; get permission and start supplying your customers in that organization.
2. Currency Trading
Many people are making it big in the currency trading platform by trading Forex, indices (Binary), and cryptocurrency, stock, and many more. This is one of the best business ideas you can start from home and make a substantial amount. All you need is learn how to trade from watching YouTube videos, register in any of the trading platforms and practice with the demo account. Once you fill you are good enough from practice. You can then invest little funds. This is among the list of business ideas with 10k or less investment.
Note that: Currency trading business is highly risky; so ensure you learn how to trade and master the act of trading before investing your funds.
3. Feed Production For Farm Animals
There are several farm animals reared in Nigeria such as poultry, rabbit, fish and several others. Many of these farm animals depend on special feeds for their development. For instance, you can’t feed a broiler what you will feed a local fowl.
You can learn how to make a special feed for these farm animals and make good money from doing so.
Related: How To Start Poultry Farming Business And Make ₦600,000 in 8 Weeks
4. Animal Farming Business
Are you looking for business ideas without much investment? then, animal farming is one of the hot business ideas in Nigeria that you can start with little funds. This is a very lucrative business idea in Nigeria because the profit and returns on investment are huge.
You can easily start your animal farming business ideas with low capital and in no time you can become a reputable businessman in Nigeria.
There are several animals you can breed and make good money from doing so; such as:
- Poultry farming
- Rabbit farming
- Snail farming
- Cattle farming
- Goat farming
- Fish farming
- Pig farming
Related:
- Catfish Farming in Nigeria: How to Start a Profitable Catfish Business
- Poultry farming: How to decide between meat or egg production
- The Most Lucrative Agribusiness Ideas in Nigeria
5. Blogging
The competition is still not stiff in the blogging world so we can this business is an untapped business idea in Nigeria.
Blogging can also be placed on the list of top successful home business ideas in Nigeria.
This is one of the fastest growing business ideas in Nigeria. You can make money fast from starting a blogging business from the comfort of your home.
All you have to do is constantly write interesting topics about the things people are searching for. You can monetize your site through AdSense, affiliate marketing or offering space for advert placement on your site Afterward.
Nevertheless, you will need a laptop, mobile data, and writing skills to be a blogger.
6. Transport Business
You can’t overlook the transportation business if you are looking for hot business ideas in Nigeria.
Several people leave far away from their homes or place of work, as a result, make use of public transport.
Running a transport business can be very lucrative, however, you need the will or desire to run this business.
The transport business common in Nigeria is the Keke Napep Business. However, you can decide on something else. All you have to do is make a market analysis on the type of transportation business you want to do to get an idea if it is profitable in your location.
Related: How To Start Keke Napep Business And Make ₦200,000 Monthly
7. Barbing Salon Business
Although, most people overlook the barbing salon business idea for a white-collar job in Nigeria.
However, the barbing salon is one of the easy business ideas to start in Nigeria. It is a smart business you should consider doing provided you have the funds to invest in it. You can make a substantial amount from operating a barbing salon in Nigeria.
What You Need to Run this Business are:
- A good location (shop)
- Standard rotatable barber chairs
- Quality Clippers
- Standby Generator
- Sterilizers
- Standing fans or ceiling fans and/or Air Conditioners
- Cover Clothes
- Wall mirrors
- Cosmetics (Hair creams, sprays, dyes, relaxers, conditioners, facial powders, etc.)
- Miscellaneous tools (combs, scissors, blades, tissue papers, etc.)
- Towels
- Customers sitting chairs
- Electrical installation
- Furniture (decorations, cupboard, tables, etc.)
- Barbing salon pictures & wallpapers, etc.
Related: How to Start a barbing Salon business
8. Buying and Selling Farm Products
You don’t have to be a farmer to own farm products. There are many farm products you can buy from farmers. All you have to do is preserve them after buying and sell them afterward. You can buy products like rice, beans, yams, millet, maize, etc.
Unlike several other businesses in Nigeria, this business is highly profitable and you can become a successful businessman within a short period of time.
Although this business is seasonal, the profit is much because people that are into this business only sell when the farm products price are high.
9. Selling Bales of Okrika
If you are wondering – what kind of business can I start with 30000 naira? Well, if you have 30,000 naira, you can start a small scale Okrika business idea.
Okrika business is one of the smart small scale business ideas in Nigeria. Nigerians patronize Okrika because the clothes are not as expensive as brand new ones.
Therefore, you can obtain bale of tokunbo with the 30,000 naira and make good money from selling them.
Related: How to Start a Small Scale Okrika Business in Nigeria
10. Freelance Jobs
If you are looking for information on how to make money online in Nigeria without spending a dime then you should consider becoming a freelancer.
The freelance work is an online business in Nigeria that pays well and it is a smart business idea for students who are looking for online jobs.
You can make money online in Nigeria without spending a dime in a freelancing platform such as Fiverr, Freeeup, Upwork, and several others.
Benefits of becoming a freelancer
- You are self-employed and you can choose your working hours as result do other activities.
- The payment for freelance jobs is good.
- As a freelancer, you work from the comfort of your home.
- You are your own boss and you are not answerable to anybody except your clients giving you the freelance jobs.
Authors Pick:
- Work From Home Jobs in Nigeria That Really Pays
- Freelance Jobs Online: 9 Best Freelancing Platform in 2019
- How to Make Money on Fiverr: Complete Guide for Beginners
As a freelancer, you can render service online to multiple clients such as:
- transcribing
- translator
- graphic design
- game developer
- social media coordinator
- Blog Write-ups or content writing
- virtual assistant, etc.
Read also:
- How to Start and Finance Business Ideas
- Small Scale Business Ideas that can give you Financial Security
