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How To Start A Profitable Watermelon Business In Nigeria

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In this article, I will be teaching you, How to start a watermelon business in Nigeria from farm to market. You’ll also get to see profit in watermelon farming per acre in Nigeria, the price of watermelon in Nigeria, how to start growing watermelons commercially in Nigeria, and watermelon yield per hectare in Nigeria.

Agriculture is now becoming a major source of income nationwide. Although watermelon is not a staple crop, it still has a lot of demand in and out of Nigeria. Watermelon is a plant of the genus Citrullus, a variety of melon. This fruit has a green rind and watery flesh that is bright red when ripe and contains black pips.

I like the idea of venturing into the watermelon farm because planting to harvesting takes approximately 90days (3 months), so you can plant and harvest up to 4 times in a year. China is currently the world’s largest producer of watermelon.

This is a favorable business and can serve as a passive income idea that will generate residual profit for life. That is just the beginning, starting a watermelon farm in Nigeria is cheaper, most farmers start it up with less than ₦50,000 (expect the land).

A watermelon farm is very profitable and has a very high turn over, up to ₦400,000 can be made in 3 months on a plot of land (₦1.6m yearly), resistant to disease and can adapt to various climate changes. So, as you can see, it has little and requires no work at all. And it has an income

So now that I’ve got your attention, let us get down to it. Here is a rundown on,

How To Start Watermelon Business In Nigeria From Farm To Market

  1. Pre-planting procedures For Watermelon

These involve all activities carried out before the seed gets into the ground. And they include

  1. Seed Selection

This is one of the most important actions when it comes to starting up a watermelon farm in Nigeria. There are a series of seeds you can choose from Depending on the variation, watermelon species, and taste. These seeds/breeds vary in shape, color, size, taste, and texture. The most common sorts include:
1. Sugar Baby –

This is the most common of them all. The sugar baby usually weighs at 4 kg, with a duration of 75 days and has the usually sweet red flesh.

  1. Crimson Sweet –

is another breed of watermelon. A mature fruit usually weighs 11 kg and usually takes 85 days to mature. It also has the usual sweet red flesh.

  1. Charleston Gray –

is another breed/species of watermelon that weighs 14 kg when mature and also takes around 85 days to mature. With the usual sweet red flesh.

  1. Orangeglo Golden Midget –

is one of the biggest species of watermelon. It weighs 18 kg and takes about 90 days to mature. It is very sweet and crispy and has bright orange flesh and white seeds.

  1. Jubilee –

This is another amazing breed of watermelon. It weighs 18 kg when matured and takes at most 95 days and has the usual sweet red flesh inside. Other recognized species are

  1. Green gold
    7. Icebox
    8. Kaplan
    9. Sweet beauty
    10. Sangria
  2. Site Selection

After seed selection, site selection is another important factor to consider is the site. There are 36 states in Nigeria and abundant land. When you get your land examine the weather, topography, soil type, survey the area for security, labor, market, etc. Once you’ve done this, you move one to your business plan.

  1. Business plan

Failing to plan is planning to fail. That is why most farmers make losses instead of gains. You should draw a business plan. This will also help you get assistance and sponsorship. Your business plan should include your budget, expenses, expenditure, potential income, and possible partners.

  1. Land preparation

The last step before you plant your first seed land preparation. This step determines your crop yield and it includes weeding and stumping, application of manure and fertilizers, plowing, harrowing, and ridging. Once this is done, you’ll have a smooth planting.

  1. Planting Procedures For Watermelon

These involve all activities carried out after immediately after land preparation and all activities that occur before the fruit is harvested. They include

  1. Planting Watermelon

Watermelon is crawlers and produces a lot of vine during growth, so they require a lot of space. Place a seed an inch into the soil and take two steps forward and place the next seed.

  1. Watering

It is important to water the plants with sufficient twice a week. So the growing plants can have ample space to yield 100%

  1. Weeding and Pest Control

You can use either herbicides or the manual hand picking method for the weeds. And for the insects and other pests, the application of pesticide is not advice. So, you should introduce their natural predators.

  1. Harvesting Procedures For Watermelon

These are all the activities that happen after the watermelon seeds have ripened and are ready to be harvested. They include

  1. Harvesting

Like I said earlier, there are different species but watermelon reaches maturity between 75-90 days.
The dull sound, the base of the water turns from green to a dull yellowish color, and the stem losses its moisture and spiral. These signs proofed that the fruit is ready for harvest.

Before harvesting your fruit, make sure you take some to market and stores and give out free samples if need be to create demand for it.

  1. Storage

Watermelon can be preserved for up to 2 months without going stale if the optimal temperature is between 11°C and 15°C, 85 to 95% optimal humidity 85 to 95%, aren’t exposed to direct sunlight after harvest and piled with other fruits and/or vegetables.

  1. Marketing

You can sell you watermelons as a wholesaler to fruit stands, grocery stores, supermarkets, restaurants, hotels, pharmaceutical companies, or individuals and even export it to other countries.

Let’s take a look at the expenses and profits.

Expenses and Profits Of Watermelon Farming Business In Nigeria

Expenses on a  plot of land

  • 500 grams of imported hybrid seeds – ₦5,300
  • Labor cost for planting and harvesting – ₦5,000
  • Labor cost for weeding and manure applications – ₦5,000
  • 50kg of Organic Manure – ₦3,500
  • Foliar fertilizer – ₦5,200
  • Transportation – ₦3,000
  • Miscellaneous – ₦10,000

It all sums up to ₦38,000 as the estimated/probable expenditure to run this program.

Profit

A plot of land can grow up to 1,596 melons.
The average price of a watermelon is ₦250 (Wholesale price)
1,569 X 250 = ₦392,250
Profit = ₦392,250 – ₦45,000

This nets you a profit of ₦347,250 every 3 months and ₦1.4m annually. In case you don’t know, The price for watermelons for export is twice higher. Take a moment to do the maths.
# you can learn how to export your commodity outside Nigeria by clicking here.

By now you should be able to start a watermelon business in Nigeria from farm to market and awaken the entrepreneur in you. I’m sure I have covered every step and procedure on how to start a watermelon business in Nigeria from Farm to Market. In case I missed any or you would like to share your knowledge, do tell in the comment section below.

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Best Car Spare Parts Market In Nigeria

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If you’re looking for used auto parts in markets in Nigeria or like to know more about the Ladipo International auto spare parts market in Nigeria, you’ve come to the right place.

This post contains a list of car spare parts market in Nigeria that sells Honda spare parts, Lexus spare parts, Volvo spare parts, Hyundai spare parts, Toyota spare parts, and other car accessories in Nigeria.

You won’t know how important it is to know the location of the nearest Car Spare Part Market or an Auto store near you until your car breaks down and your mechanic tells you “the part no dey market” because he is too lazy to look for your car spare part.

The best places to buy car spare parts in Nigeria are mostly located in Lagos, Anambra, Abuja, and Port Harcourt. There are also places that you can purchase rare and scarce car spare parts in Nigeria.

Best Car Spare Parts in Lagos State

The Automotive industry happens to be a leading manufacturing sector on Earth and is made up of companies and corporations involved in inventing, designing, manufacturing, marketing, and selling motor vehicles.

These Companies don’t just manufacture and sell cars, they also produce car spare parts like their engines, tires, doors, windscreen, batteries, chassis, and other car accessories. Best of all, some of these spare parts provided by the manufacturer are cheaper than you’d expect.

Just in case you don’t know, these are some of the best places to buy car spare parts in Nigeria.

1. Ladipo Auto Spare Part Market, Mushin

Ladipo Market is the largest auto spare parts store in Nigeria. You can find a spare part for almost every car here from bolts to engines, tires, rims, windscreen, doors, and chairs. Even rare BMW spare parts, genuine Toyota spare parts, and even Honda spare parts have been found in Ladipo Market.

If you want to buy quality auto spare parts in Lagos, you’ll have to head to promise land.

Promise Land is actually a big warehouse in the Ladipo market that is popular for offloading imported goods especially car spare parts, damaged cars, and other car accessories. If you are looking for the spare parts of a rare car, you’ll definitely find it in promise land.

The very flooring of this place is made of grease and industrial oil. There are over 300 active shops and 11 warehouses that deals in car spare part and car parts, tires, and selling damaged cars. I’m very sure that the spare part of your 1995 Mercedes model will definitely be found here.

There are also Nissan and Toyota parts dealers, Engine retailer, Tire retailers, and other spare parts merchants that makes shopping for car spare parts very easy in this market. Ladipo market is not just the largest auto spare part market in Nigeria, it is also the biggest car spare part market in West Africa and the largest market for European used goods in Africa.

Car spare part is not the only item you will purchase in Ladipo market, you can also get second-hand cars, unwanted vehicles, smart car gadgets like an airbag, jacks, spanners, battery chargers, alarm systems, pliers, brake lock…

Aside from car spare parts, you can also purchase other stuff like bicycles, mobile phones, laptops, computers and accessories, cameras, video players, generator sets, kitchen utensils, foodstuff, home appliances, clothes, shoes, and other accessories.

Most imported goods and commodities imported from Europe, America, and Asia arrive in Ladipo before they get to other parts of the country.

How to Get to Ladipo Auto Spare Part market

If you would like to visit the Ladipo market, simply take a bus heading to Oshodi, and take a stop at the Toyota bus stop cross over to the right-hand side of the road and you will see a couple of warehouses with big red gates.

2. Owode Auto Market, Ikorodu

Unlike the Ladipo market where the goods are of international standards, the Owode scrap market deals with metals found within our sovereign borders. The Owode scrap metal is an Auto market in Lagos where damaged metals are remodeled.

A damaged bicycle can be remade into a metal cabinet or a car recycled and turned into a small shop. This amazing market is one of the oldest markets in Nigeria, it has been active since the 1980s.

The Owode scrap market is not just known for refining waste metal, there is a vehicle section where a damaged vehicle and fairly used cars are piled up for sale. A lot of cars from far and near are brought to Owode auto market to be refurbished.

The Owode auto market has gained global attention due to the wide array of cars, spare parts, and car-related gadgets there. The Owode auto market has a section of rare spare parts, which may be difficult to get in many parts of the country at a low cost.

Spare parts here are quite cheaper than most places in Nigeria. Spare parts from Peugeot, Audi, Mitsubishi, Toyota, Ford, Honda, and even Volkswagens can be found in our local Owode spare part market.

How to get to Owode Auto Spare Part market

If you would like to visit the Owode Auto market, from Mile 12 head to Ikorodu road and take a bus heading to Owode. Tell the driver to stop you at the Owode Onirin or iron Market.

3. Iyana Itire Garage and Spare Part Market, Iyana-Itire

This is another auto market filled with rare and diverse cars and spare parts. There is no end to the spare part of the various brand found here. The retailers in the Onitire International Modern Market and the Iyana – Tire Garage trade both imported parts mostly from Malaysia, Germany, and Japan.

Onitire International Modern Market and the Iyana – Itire Garage Auto Market is one of the best places to seek out car spare parts in Lagos. A visit here will surely put an end to the journey seeking car spare parts.

To meet up to demand for scarce spare parts, these retailers buy some spare parts from old cars, cars involved in accidents, auctioned parts, and imported parts to promote their dominance as a recognized auto market in Lagos. This is one of the best places to get Mercedes Doors and Windscreen.

How to Get to Onitire International Modern Market & Iyana – Itire Garage, Auto Spare Part Market 

If you would like to visit the Onitire International Modern Market and the Iyana – Itire Garage simply take a bus from Oshodi heading to Apapa and stop at Iyana Itire. You can easily access this market from Surulere.

Best Places to Buy Car Spare Parts Online 

There has also been a rapid growth in the online sale of automotive spare parts on online sites like boodmo, Amazon, Jiji, Olx, AuctionExports, and Flipkart. This growing trend is expected to display huge development and growth through online channels in India and other developing countries.

How are Car Spare Parts Gotten?

Salvage cars carry a high risk of malfunction but they can also turn out to be a profitable deal.

When a vehicle gets damaged and the insurance company considers it unfit for repair, then it is termed as ‘salvage’. It can be sold as salvage, junk, or it can be dismantled and used to fix other cars.

Some of these companies figure out that it would be foolish to try to repair the car since the cost involved would be higher than the value derived thereafter so they know it’s better to sell the car.

However, the modern trend is to sell spare parts to potential buyers. This can be a win-win situation for both the buyer and the seller.

While the seller gets some money from the different parts of the vehicle, the buyer can use these parts for his other automobiles or may even try fixing the car, if he has a workshop. There are good auction websites that sell salvage cars at really attractive prices.

These sites pick up these vehicles from an auction at a low price and then offer them for reselling to potential buyers at almost the same price. So, you can pick up these cars at very low prices from these auction sites.

However, you must be prepared to spend some money on the repairs, since most of these vehicles will require a lot of money for them to be completely fixed. If you are ready to pay for such expenses, then go for it.

It would be smart to repair a salvage car and resell them to another customer at a good price or use it for your own use.

Source: InformationNGR

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10 Cheapest Cars In Nigeria And Their Price

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Did you know that there are cars that you can buy with less than a million Naira budget in Nigeria?  In this article, I’ll be showing you the cheapest cars in Nigeria.

You’ll also get to see the prices of popular cars in Nigeria from Mercedes to Lexus, Toyota cars, Ford, Honda, and of course Range rovers.

A lot of people are afraid to go to car dealers because they are afraid that buying a new car will break all their bank accounts. But there are so many cars out there that you can buy and still have enough money for car maintenance, and insurance.

10 Best Affordable Cars In Nigeria

There are so many cars in Nigeria that are very very affordable. These cars are both pocket-friendly and cost-efficient. I’d recommend any of these cars to all average Nigeria who intends to buy cost-friendly cars on a budget.

If you are a Nigerian looking for cheap cars, these 10 cars won’t cost you much.

1. Toyota Camry

10 Cheapest Cars In Nigeria And Their Price [2020]

The Toyota Camry series is one of the most popular cars in Nigeria and the king of cheap cars. Toyota Camry is one of the best-selling compact cars in Nigeria.

This car has a comfy cabin, big boot, spacious interior, and safety features making it a perfect car for a new family. The Toyota Camry can brag of a very strong & durable engine, tires, and brakes.

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This allows this small but mighty car to drive smoothly in both tarred and bumpy roads without any trouble. This car model will suit the needs of any driver. Best of all, the Toyota Camry Series is one of the easiest cars to maintain in Nigeria.

You can get a perfectly working Toyota Camry for less than one million Naira.

Prices of Toyota Camry in Nigeria

The average market price of a Toyota Camry in Nigeria is between ₦800,000 to ₦1,800,000.

  • 2015 – 2017 Toyota Camry ₦1,500,000
  • 2010 – 2014 Toyota Camry –  ₦1,100,000
  • 2003 – 2009 Toyota Camry – ₦900,000
  • 1996 – 2002 Toyota Camry – ₦600,000
  • 1992 – 1995 Toyota Camry – ₦500,000

2. Mercedes Benz C200

10 Cheapest Cars In Nigeria And Their Price [2020]

The Mercedes Benz C200 is another cheap car in Nigeria that you can purchase for less than a million Naira in Nigeria. This car comes with the sweet Mercedes Benz design and usual functions that you are sure to love.

The Mercedes Benz has already established itself as the King of automobiles worldwide. This German brand of automobiles is known for the precise manufacturing of their cars making their vehicles extremely durable and almost indestructible.

This makes people believe the fallacy that there is no cheap Benz in Nigeria. Mercedes Benz is known for it’s luxurious, strong, durable, and exquisite looks. If you are looking for an affordable car in Nigeria, I’d advise you to go for the Mercedes Benz C200.

Price of Mercedes Benz C200 2005 in Nigeria

The average market price for a Mercedes Benz C200 2006 Model In Nigeria is nothing less than ₦800,000.

3. Volkswagen Golf 3 & 4

10 Cheapest Cars In Nigeria And Their Price [2020]

The Volkswagen Golfs Series is perhaps the cheapest car models in Nigeria. This car is also another durable model of cars capable of going long distances and withstanding wear and tear.

In short, the Volkswagen golf series are very durable and easy to maintain. This was what made these models extremely popular in Nigeria in the late 90s.

The Volkswagen Golf MK3 & MK4 series is a small compact car [4,074mm tall] but surprisingly capable of carrying a family of 7 and a load of up to 800kg without breaking down.

Price of Volkswagen Golf 3 & 4 in Nigeria

  • The average market price for a Volkswagen Golf 3 in Nigeria is between 350,000 and 700,000.
  • A perfectly working Volkswagen Golf 4 in Nigeria will cost you anything from 500,000 to 800,000.

4. Honda CR-V

10 Cheapest Cars In Nigeria And Their Price [2020]

Honda CR-V is another popular compact car that can be compared with the Toyota Camry and Corolla models. The Honda CR-V is another Japanese Car Series known for its impressive fuel economy, reliable safety features, small but spacious design.

If you are a bachelor or just starting a family, I’d advise you to go for this car because it’s perfect for men shopping for cars on a small budget. One of the best things I like about Honda CRVs in the fact that the interior is super easy to clean.

Price of Honda CR-V in Nigeria

A good working second-hand Honda CR-V will cost you between 800,000 and 2,000,000 depending on who you’re buying from.

5. Toyota Corolla

10 Cheapest Cars In Nigeria And Their Price [2020]

The Toyota Corolla is the twin brother of the Toyota Camry also made this list. It is one of the best compact cars for wheelchair users and full-time housewives.

Toyota Corolla Models are the second best-selling car in Nigeria and the top-selling car model around the world.

This is famous for its durability and strength. It is very hard to find a Toyota Corolla is a car mechanic workshop. This car rarely breaks down, develops engine failure, oil leaks, or brake troubles.

Toyota Corolla has first launched over five decades ago [1966] and has been redesigned and remodeled to fit the taste of several customers.

If you are looking for cheap durable cars in Nigeria, this model will put an end to your search.

Price of Toyota Corolla in Nigeria

  • If you’re lucky, you can purchase a Tokunbo Toyota Corolla 2001 model in perfect working condition for 600,000.
  • The market price ranges of a Tokunbo Toyota Corolla 2005 is between N800,000 to N1,200,000.

6. Toyota Sienna 2001

10 Cheapest Cars In Nigeria And Their Price [2020]

The Toyota Sienna series can also stand as one of the cheapest SUV cars in Nigeria.  This car is one of Nigerian top-rated SUV and one of the cheapest SUVs in Nigeria.  Siennas can drive easily on bad roads without giving the driver any discomfort what so ever.

First released in 1997, the Toyota Sienna stands as one of the most purchased SUV cars in Nigeria. This car also the first choice SUV car for family men in Nigeria. Siennas are not as elegant as Highlanders or 4runners but there are cheaper.

Price of Toyota Sienna in Nigeria

The price of a Second hand Toyota Sienna 2001 model in Nigeria is sold for nothing less than 1,000,000.

7. Lexus RX300

10 Cheapest Cars In Nigeria And Their Price [2020]

Speaking of SUVs, the Lexus RX 300 is another cheap car that you should consider buying in Nigeria. This car comes with a boss sized interior and a very neat design that will surely leave you stunned.

Lexus RX300 brings premium comfort to their drivers and can easily stand up to the Toyota Siennas. The Lexus RX350 is also one of the most popular SUVs in Nigeria and can boast of reliability, durability, and affordability.

Price of Lexus RX300 in Nigeria

You can buy a Lexus RX300 for 1,500,000 in Nigeria.

8. Honda Accord

10 Cheapest Cars In Nigeria And Their Price [2020]

The list of cheapest cars in Nigeria won’t be complete without a Honda Accord in the list. More than 150,000 Honda Accord cars imported every year and most of them are sold within six months.

This makes this supercar rank as one of the most purchased cars in Nigeria.

Honda Accord is not just cheap, they are also easy to drive, have good fuel economy, compact-sized, and easy to maintenance.

Price of Honda Accord in Nigeria

A brand new Honda Accord can be imported for you for just 2,100,000 from Cotonou.

9. Nissan Xterra

10 Cheapest Cars In Nigeria And Their Price [2020]

Nissan Xterra 2002 model is another SUV car that can go for Chikini money in Nigeria. This car can make any owner look like a boss. The Nissan Xterra model is a compact SUV born in the heart of Japan.

First introduced in 1999, this automobile has now become a household name in Nigeria. If you are looking for a good-sized SUV that can be purchased on a small budget, then sincerely think that the Nissan Xterra is a dope choice.

Price of Nissan Xterra 2002 in Nigeria

You can get your own Nissan Xterra 2002 with a two million budget in Nigeria.

10. Volkswagen Beetle

10 Cheapest Cars In Nigeria And Their Price [2020]

Yes, the Volkswagen Beetle is also one of the cheapest cars in Nigeria. The Volkswagen Beetle also called “The Tortoise car” is another popular car model in Nigeria that you can buy at a giveaway price in Nigeria.

Although the Volkswagen beetle is not a fancy car, it can be regarded as the classics and a collectible. The German Automobile Giants, Volkswagen announced earlier this year that they would stop the production of the beetle model, this supercar can even be regarded as an antique.

Price of Volkswagen Beetle in Nigeria

Depending on the year and model, you can get a good-sized Volkswagen beetle for ₦350,000 only.

11. Kia Soul

10 Cheapest Cars In Nigeria And Their Price [2020]

Last on our list of the cheapest cars in Nigeria is the breathtaking Kia Soul. This is a hybrid car that boasts of being the perfect blend of a compact vehicle and SUV.

The Kia Soul is a mini Powerhorse, although it is not particularly fast, it can easily boast of the ability to travel long distances and carry extra weight without even straining the car.

Price of Kia Soul in Nigeria

A well maintained Kia Soul in Nigeria will cost you only ₦850,000.

Price Of Popular Cars In Nigeria

There is no fixed price for any car. The cost of your dream vehicle can be determined by the model, car store/dealer, location, features, and even size. There are so many factors that can make a cheap car to become expensive overnight.

The table below contains a well-detailed list of some of the most popular vehicles in Nigeria and their average selling price. What this means is that you can buy any of these cars more or less than the price I gave in the table.

Car Price In Nigeria Car Price In Nigeria
Acura MDX ₦1,200,000 Jaguar S-Type ₦950,000
Acura TL ₦900,000 Jeep Liberty price in Nigeria ₦2,000,000
Acura ZDX ₦1,300,000 Kia Sorento ₦850,000
Audi A4 ₦900,000 Land Rover Discovery ₦1,800,000
Audi A6 ₦800,000 Land Rover Freelander ₦1,750,000
BMW 3-Series ₦1,250,000 Land Rover LR3 ₦1,300,000
BMW 5-Series ₦1,400,000 Land Rover LR4   ₦1,500,000
BMW X5 ₦1,300,000 Range Rover Sport ₦2,600,000
BMW X6 ₦1,200,000 Land Rover Vogue ₦1,800,000
Ford Escape ₦1,300,000 Lexus GS ₦5,000,000
Ford Explorer ₦1,500,000 Lexus GX460 ₦1,500,000
Honda City ₦800,000 Lexus RX 300 ₦1,200,000
Honda Civic ₦800,000 Lexus RX 330 ₦1,200,000
Honda Crosstour ₦1,050,000 Lexus RX 350 ₦1,500,000
Honda Odyssey ₦950,000 Mazda 6 ₦1,000,000
Honda Pilot ₦850,000 Mazda MPV ₦1,200,000
Hyundai Accent ₦850,000 Mazda 626 ₦1,200,000
Hyundai Elantra ₦800,000 Toyota 4Runner ₦1,500,000
Infiniti FX45 ₦1,300,000 Toyota Avalon ₦1,200,000
Infiniti QX4 ₦950,000 Toyota Avensis ₦1,350,000
Isuzu Trooper ₦1,200,000 Toyota FJ Cruiser ₦1,350,000
Mercedes-Benz C-Class ₦1,250,000 Toyota Hiace ₦1,200,000
Mercedes-Benz E-Class ₦1,200,000 Toyota Highlander ₦1,500,000
Mercedes-Benz G-Class ₦1,550,000 Toyota Hilux ₦1,800,000
Mercedes-Benz GLK ₦750,000 Toyota Matrix ₦1,000,000
Mercedes-Benz ML ₦2,000,000 Toyota Prado ₦1,500,000
Mitsubishi Endeavour ₦750,000 Toyota Rav4 ₦1,300,000
Nissan Altima ₦1,250,000 Toyota Sequoia ₦1,000,000
Nissan Armada ₦1,500,000 Toyota Tundra ₦1,400,000
Nissan Maxima ₦1,350,000 Toyota Venza ₦1,600,000
Nissan Murano ₦1,300,000 Toyota Yaris ₦900,000
Nissan Pathfinder ₦1,500,000 Volkswagen Jetta ₦800,000
Nissan Primera ₦1,200,000 Peugeot 407 ₦900,000
Peugeot 406 ₦730,000 Peugeot 607 ₦850,000

Source: InformationNGR

 

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100 Best Business Ideas In Nigeria For 2021

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Would you want to start a business in Nigeria with low capital? If your answer to this question is yes, I’ll be showing some of the best businesses in Nigeria with low start-up costs. In this article, you’ll be seeing my top 100 best small scale business ideas that will make you rich in Nigeria.

There are over 1,000 business ideas that can easily make you rich in Nigeria, but you can’t see it because you’re not looking hard enough. Nigeria is an enormous market if you ask me. It is the economic capital of Africa, to be exact, making it one of the best places to invest money in Nigeria.

You can capitalize on this and create wealth for yourself. Why looking for a job when you can create one? I believe the ideas listed in this article can work for anyone interested in starting a business in Nigeria.

Like all businesses, you will see a lot of setbacks, but with hard work, determination, and persistence, you will succeed. If you’re interested, these are some of the best businesses for Nigerian entrepreneurs and foreign investors.

Before we show you the top 100 business ideas in Nigeria, let’s tell you about Wise Business Account.

If you own an international business, Wise handles all the financials from setting up international bank accounts to invoice payments, sending and receiving money from more than 140 countries.

If you believe that your business will have international customers, don’t let receiving money stop you. Wise makes it easy for you to receive multiple currencies from different countries around the world without high recipient or conversion fees.

100 Best Lucrative Business Ideas In Nigeria

Nigeria is the giant goldmine of West Africa, it is one of the best places to invest money or start a company in Africa. If you plan to start a business in Nigeria but don’t know which one, I’ve got a small list of 100 hot small scale business ideas to start in Nigeria.

Are you ready? These are the best businesses that you can start in Nigeria, even if you’re on a budget.

1. Online Advertising Agency

Over $400 billion was spent online on ads in 2018. This business is taking over the world from blogs to Facebook, social media, websites, newspapers, search engines, apps, and games.

With this business, you can easily become rich in Nigeria. Setting up an online advertising agency will help you take advantage of this opportunity and make money easily.

2. Security & Tracking Services

Selling, repairing, and installing CCTV cameras, stun gun, GPS trackers, pepper spray, laser, lasers, alarm systems, car trackers, mobile tracker, and other security gadgets have proved to be profitable especially in areas with high crime rates and elite society.

Urbanization comes with its advantages. Unlike bouncing and security services with you have to do the physically, here the machines do all the work. You can make millions of Naira from this business monthly.

3. Exporting

You might be thinking there is not much to export in Nigeria, but sadly you’re wrong. Exporting raw material is one of the most profitable international trades in Africa.

Exporting raw materials like Cocoa, green vegetables, vegetable oil, yam, cassava, palm oil, or crude oil to other countries can make you rich. Whatever can be grown can be exported, all these items are in high demand outside the nation.

4. Public Relations Services

If you do know how to engage the public, then this skill is ideal for you. There are a ton of jobs waiting for you as a PRO from celebrities to governors, businessmen, and even politicians are your client as long as you can handle their public profile. This fast-rising business opportunity in Nigeria can easily guarantee your financial freedom.

Nothing says easy money like agriculture, planting crops, and rearing animal is a fantastic business idea for Nigerians. Planting staple food like rice, cassava, potato, beans has a high proven to be very profitable.

If you don’t believe us, you should check out our list of profitable Agric businesses in Nigeria. You can easily build a massive network for farmer & agriculturists especially here in Nigeria and head off on your way to financial freedom.

6. Brewery

Alcoholic drinks are kind of necessity in special events and celebrations around the world, this is enough proof that alcohol is in high demand around the world. Here in Nigeria, most people have their preferred beverage, tastes, or flavor.

This business idea has a high start-up cost but is worth it. Setting up your brewery is a game-changer, this high-yielding business idea can turn your life around within 36 months.

7. Showbiz and Entertainment

Over three billion Naira is gathered from showbiz and entertainment in Nigeria. There is a lot of money stuffed in this industry and if you play your cards right, you can grab a couple of millions while you’re still in the spotlight.

Creating entertaining music, movies, videos, or posts on social media is a game-changer. Best of all, going viral in this industry is super cheap depending on your audience. You can start as an influencer, then a model, and then an actress.

8. Juice & Beverage Production

This another great passive income idea that you are sure to love. Starting up a juice factory as an alternative to beer or as diversification for your brewery is one hot business idea that will surely make you rich.

9. Transport Services

The transportation business is another big business in Nigeria. Everything from tricycles to motorcycles, taxis, and buses may seem like small businesses, but these vehicles make close to ₦100,000 every week.

Most people sitting in air-conditioned offices don’t make that amount in a month. You can purchase any vehicle of your choice, hire a driver, and make up to ₦150,000 a month without actively working.

10. Sport Trainer

Nigerians love sport from football to basketball, boxing, golf, cycling, and tennis. As a sports instructor/coach, you have a wide array of customers waiting and trying to get your attention as long as you have the qualifications and their confidence. If you want to get rich fast in this industry, raise your prices and try to get some of your team member abroad or something likes the Olympics.

11. Movie Production

The movie production business has become a mega-business in Nigeria. It is a multi-billion dollar industry and a very lucrative business in Nigeria that anyone can start with very small capital.

Nollywood has become a big source of income for both actors, film producers, stuntmen, cameramen, and other specialized technicians. I bet you can make millions from this business if you can shoot a movie as well as Game of Thrones.

12. Selling Car Spare Parts

In Lagos alone, they are close to three million vehicles moving around the state moving people and goods. In this business, you cannot run out of customers as long as you’re in the right place. Vehicle spare parts like tire rims, brake pads, engines, windscreens, doors, and batteries are in high demand in cities like Lagos, Abuja, Port Harcourt, and Owerri.

Selling car spare parts is one of the best businesses for financial freedom and quick profits. Vehicle parts are always in high demand, especially in populated cities. It has proved to be lucrative in most cases, and a single trade can fetch you up to ₦35,000 in profits from just one trade.

13. Set-up a Filling Station

Vehicles and other machines need petrol to stay operational. Setting up a filling station is another bright entrepreneur idea that will make you rich in Nigeria. This is another viable business idea that Nigerian entrepreneurs can use to their advantage.

Whether you set up your filling station on a large scale or a small scale, selling petroleum products like fuel, diesel, or kerosene is a sure way to make money, especially if you reside in Lagos.

14. Furniture Making

Ikea is one of the biggest furniture makers in the world. It is now a global brand. Anything that will bring out the beauty of a home sells easily in Nigeria. From Tables to cushion chairs, cane chairs, iron chairs, bed frames, and even bookshelf sells fast in Nigeria. You can make furniture and sell them for cash.

Selling cars, vehicles, and other automobiles have proved to be profitable in Nigeria. Like I said earlier, over three million vehicles are moving around in Lagos alone starting your car dealership early enough can fetch you an acceptable amount of profit. If you don’t have the capital to get started, you can partner with any of the car dealers in Nigeria till your own business becomes a trusted brand.

Setting up a grocery store in your area is another perfect small-scale entrepreneur idea to make money in Nigeria. It can also act as a passive income for you, depending on how you started the idea. This is one of the best businesses in Nigeria you can start anywhere in Nigeria.

17. Hotels

It’s no wonder why there are so many hotels in my Neighborhood. This business idea is always fresh, they’re a lot of passive revenue you can accumulate from your hotel business. Some people can spend up to ₦100,000 for just a nightstand in hotels, bars, and lodges. You can start your small hotel and tell me about your experience.

18. Selling Building Materials

Places like Ikotun, Oshodi, Ojo Alaba, and Oduade are popular because they are among the few places in Lagos known for selling original building materials. Selling high-quality building materials like toilet seats, POP, steel frame, cement, and plastic pipes, tanks, metal rods, and sand can make you a lot of money here in Nigeria.

19. Property Flipping Business

This business is always booming and one of the best business ideas for you. You can also talk to a contractor that you can supply the material they need and make millions in days.

This is one of the best business to start if you want financial freedom. The real estate biz always seems to output profit in both short and long terms. This business is surely one of the fastest ways to get rich in Nigeria.

20. Car Wash

Setting up your car wash is another great way to make money in Nigeria. If your location is strategically placed along an expressway, then rest assured that you’ll be making up to ₦30,000 daily.

You can easily own a car wash and hire boys that would do the heavy lifting for you. This is another smart business idea for Nigerians you should consider trying out.

21. Laundry & Dry Cleaning Services

Opening your laundromat is another amazing business that you should try out. This is a business you can start with to start with 20k and still get good profits with very little work. A Laundromat and dry cleaning service are easy to start up business and cost-efficient.

22. Landed Properties

If investing in real estate and property flipping sounds too much for you, then you should try investing in landed property. Landed properties will always appreciate, especially in the long term.

You can start by buying cheap land in Lagos, Abuja, Kano, Warri, Onitsha, or Kaduna, and reselling it when the price appreciates is a really smart business idea if you ask me. You can also invest in landed property by renting it out or selling an already built house to make money.

23. Set up a Private Institutions

It’s not new news that owning a school can easily make you a millionaire in Nigeria. Back then in secondary school, my class alone made output of about ₦700,000 per term. If you have enough money, you can set up your school and start making it.

24. Imports

Importing goods into the country is one of the easiest startup business in Nigeria with massive benefits and income potential.

International trade with China, America, UK, and South America has proven to be very, very profitable, especially car gadgets, health products, and mobile devices.

25. Scriptwriting

This is another superb business idea for you. Writing and publishing comics, series, storybooks, and scenes for movies is a splendid start to financial freedom.

If you don’t have the money to produce your film, you can sell the script and still have full credits for it. You need to let your writing skill go to waste.

26. Consultancy

Do you have any experience in stuff like agriculture, making money, or relationships, then I think that you should open your consultancy firm. This is one big business idea that you would not want to miss. This business idea can easily fetch you a lot of money depending on your area of expertise. You get to make money and help people at the same time. How cool is that?

27. Clinics and Hospital

You don’t have to be a doctor to open your hospital or clinic, you just have to set it up and employ the professionals to do their work. Setting up a clinic or a hospital in your local government area is also one of the best business ideas in Nigeria you can think of. You get to save lives and make money at the same time.

28. Setting up a Pharmacy

Setting up a pharmacy is another amazing business idea to make money in Nigeria. This business is very, very lucrative, especially if you set up your pharmacy in a suburban community with lots of people. This line of business is easy to start up and is also the best alternative if you don’t have enough money to set up a hospital.

29. Event planning

When it comes to big events like weddings, church thanksgiving, and even birthdays, a lot of money can be spent by the organizers to make sure that the event goes on perfectly. As an event planner, you can make a lot of money without actively working for it.

Don’t be deceived, event planning and services can fetch you a lot of money. This is one of the best startups for young entrepreneurs and businessmen in Nigeria. It can fetch you a lot of money whether you do it on a small or large scale.

30. Tailoring

Tailoring is one of the biggest businesses in Lagos today. This business controls most of the sectors in the fashion industry, and that alone is a good reason to consider investing in it.

Both men and women spend a lot of money on their outfits and attires especially if it for a casual event. If you have a creative mind or can recreate a red carpet outfit for your clients, then you will surely make a lot of money.

31. Carpentry

Apart from making furniture, carpenters also make wooden doors, windows, and roofs of a building. This is another entrepreneur’s idea that you can start from nothing. Don’t be deceived or deterred by the manual labor involved, carpentry is a good business for Nigerians.

Carpenters make a lot of money, even though most of them don’t dress like they have money. The income potential of this business is quite jaw-dropping, and it can also serve as a passive income stream if diligently done.

32. Concrete Block Production

If you know how to mix cement and make cement blocks, then this is one of the best jobs for you. This business requires no special skill, unlike most of the jobs on this list. You can get yourself a block making machine and save yourself lots of trouble.

There are thousands of people looking for your services to build their houses, hotels, schools, and church. Besides, you don’t need to spend too much money when setting up your cement factory.

33. Veterinary Services and Pet Breeding

Nowadays, people see pets as a member of the family, and the love for pets, especially dogs and cats, has somewhat tripled over the last decade. If you can start a veterinary services business in Lagos, Abuja, or Port Harcourt, you will make a lot of money.

If you know your animal anatomy or a big fan of pets, this is one of the best businesses you can invest. You can start your animal shelter, sell and treat dogs, cats, birds, and fishes. The income potential is massive and you can earn up to ₦40,000 per service.

34. Photography

Photography is another amazing business idea you should consider investing in. Taking pictures in special events and ceremonies is a legit way to make money in Nigeria. This business is easy to start up and you will improve your skills as you grow up. Photography is a good business idea for students at a university in Nigeria.

35. Video coverage

You can mix this business with your photography idea and make money, even if you are a Nigerian student. Video coverage has a fairly higher income potential than photography, but requires far more experience. Anyway, this business idea can fetch you a lot of money, especially if you are a student in any Nigerian university.

36. Bouncing and Security Service

Bouncing for clubs or working as private security or bodyguard for rich people won’t make you rich but this job pays very well. You can also set up a company that offers security services to interested clients and start making passive income off people you employed.

37. Sachet Water Production

Owning a sachet and a bottled water company is one of the best ways to make money in Nigeria. This is surely one of the best side hustles in Nigeria for part-time workers. With just one machine you can make up to 2,000 sachets of water and up to 700 bottles of water every day. How much do you think you’d make in a month from this business?

38. Bricklaying

This is another business idea that you should try out if you want to legally make money in Nigeria. Bricklaying has one of the highest paying services in Nigeria, but manual labor involved is very exhausting. Aside from that huge disadvantage, this is one job that will fetch you lots of money.

39. Haulage Services

If transporting people isn’t your thing, then you can start up a haulage service and transport goods from place to place. This is one of the best small business ideas for young investors to try out this year. You can earn up to ₦120,000 per service and even save enough to start a second business. You don’t need to be the driver, you can get a truck and lease it out to drivers.

40. Selling Mobile Phones and Gadgets

Every single person moving around today goes with at least one smartphone in his pocket and other accessories like mobile phones, USB chargers, Bluetooth speaker, headset, earpiece, desktop chargers, or power banks. There’s so much to achieve by selling mobile phones and other gadgets. You can easily import any of these gadgets from China, Germany, Belgium, the UK, or the USA and sell them for quick cash in Nigeria.

41. Shoemaking

When I said shoemaking, I’m not talking about those Aboki going around to repair shoes for ₦20, I’m talking about exclusive handmade shoes and slippers that sell for more than ₦3,000 a pair.

Shoemaking is another lucrative business in Abuja that can fetch if a lot of money, especially if your store is located in a popular area like the Jabi Lake Mall or somewhere cool in the Wuse District. I know that each handmade slippers costs like ₦3,500 and confirm leather handmade shoes will sell for at least ₦30,000. This business is profitable and I will implore skilled Nigerians to learn a thing or two from this business.

42. Make-up Services

I’m sure that you already know how expensive good makeup is, especially bridal makeup. This is a business that you can start easily once you know your way around the face and can make your client look beautiful. If you stay in Lagos, get a makeup salon in VI and make money like water.

If you don’t have money to get a salon, you can start small and make sure that you do good makeup because referrals matter a lot in this business. If your service and price are good, your clients will tell their friends about you.

43. Hairdressing & making

This is another cost-efficient business idea for Nigerian women. This is also one of the best side hustles for graduates and students in Nigeria. Hairdressing is easy to startup and pays fasters than most office jobs in Nigeria. Since some women can spend close to ₦20,000 on their hair. So as a hairdresser, you have the chance to make a lot of money by dressing hair depending on how much you charge.

44. Phones, Laptops, and Gadgets Repairs

This is a small-scale service that you can start in Nigeria to make money like dynamite. You can repair mobile phones and other gadgets and start making quick money in Nigeria. There is no fixed price in this business, you are your boss and can charge your customers anything that comes to your mind.

45. Modeling Agencies

You can simply set up your modeling agency and start earning big. There are a lot of modeling agencies in Nigerian that are making passive incomes of the models on their roster. Most Nigerian Youth now venture into the modeling business because of high pay and little work, if you own a modeling agency can earn at least 100k every money even though it is an online modeling agency. It’s not a must that your company has a physical address.

46. Freelance writing

You can also decide to write for newspapers, magazines, on other websites for money. This is one of the best ways to make money online since the job doesn’t require any special skill. This business is one of the best ways for Nigerian graduates to make money online, even while they are applying for other positions in companies.

47. Stationeries

Selling stationeries and other writing materials is another idealistic way to make money in Nigeria. Selling materials such as Onward, Leo Smart, Lucky Ballpen, Big textbooks, math set, pens, pencils, or graph books can fetch you a lot of money especially if your business is located in an especially if you are located close to an academic area with a high consecration of educational institutes.

48. Welding

I’ve seen welders charge over ₦100,000 for a small metal gate and even more when they get contracts for hotels and schools. The welding business is good, especially in Nigeria, where there is rapid urban development going on around major cities across the state. This is another profitable business idea for skilled Nigerians.

49. Restaurants and Eateries

Restaurants and eateries make over 40% of profit every day. This business can fetch you a lot of money, even if you start small. By simply cooking and serving meals, you can make money off people that can’t cook or too busy to prepare their meals. My aunt had an eatery in Surulere she made a lot of money before she traveled abroad. Even now, she wants to start a Nigerian Kitchen in the UK and make money during her stay.

50. Selling Clothes/Accessories

If you can get a boutique or small shop where you can sell clothes, shoes, trousers, watches and other accessories then you will make a lot of money. If you are lucky enough to get a store in a mall or popular business area, with God on your side, you will make a lot of money. You can also get a small slot in Lagos Island to kick start your business.

51. Recruiting Agency

Owning and finding competent staff for companies is also a nice way to make money in Nigeria. Your recruitment agency can help companies, factories, and agencies get the workforce they need for the business and make you rich with no form of stress.

52. Giving Tutorials

Giving tutorials to students, children, and even adults that need help in one academic area or the other is a great way to make money in Nigeria. This is a business idea that can help people and allow you to make money at the same time, which makes it a fantastic business idea for Nigerians.

53. Game houses

Starting a game house close to your house is another amazing way to make money in Nigeria. People pay lots of money to play video games especially adventure games on PlayStation 3 and 4 consoles.

One of my classmates used to spend about ₦1,300 every day on God of War and call off duty before he bought his own PS 3 gaming console. There are hundreds of people like this waiting for you. You can start your own game house and make money without stress.

54. Home/Office Cleaning

Cleanliness is an important attribute of a healthy and environment. Those that are too engrossed in work usually employed people to clean their office, company, or homes. This is a straightforward job for anyone willing to try it out. You just need small equipment like mops, brooms, buckets, and a few flyers advertising your services.

55. Writing Resumes

Writing resumes, CVs, and business proposals is another amazing way to make millions in Nigeria without stress. You’d be surprised if I told you the number of Nigerians that can’t write a simple resume.

When you become an expert at writing resumes, CVs, and small business plans, you have the chance to work with hundreds of entrepreneurs and companies to reach their goals after you’ve given them a well-detailed structure. This business idea is also easy to start and quite profitable.

56. Programming

Although this one requires a lot of skill and ample knowledge about basic and complex languages, programming still ranks as one of the hottest skills that will make you rich no matter where you live. Programming is one business idea that would fetch a lot of money in and out of Nigeria.

57. Apps Development

Coding and making apps are another great way to make money in Nigeria. The income potential of this business is massive. If you can choose to work for someone or a company that makes an app, you still make a lot of money.

You can also make money from Google AdMob, paid adverts, and affiliate links placed on the app. This is not a bad way to make millions in Nigeria since everyone now carries a smart device or gadgets. You can make a simple loan calculator and sell financial advice to your users. How cool is that?

58. Catering

Catering to wedding ceremonies, churches, birthdays, and other social gatherings is another fantastic business idea that can fetch a lot of money even on holidays. Since this business idea is a weekend job, it is the perfect side hustle for Nigerians looking for a second business.

59. Book Publishing

Publishing books is a great way to make money in Nigeria. Books are by far one of the most common means of mass communication. Book publishing can make you very rich fast in Nigeria. Plus, there are many varieties of books to write, print, and publish. This means the income stream of this business will never dry as long as you’re a good writer.

60. Radio station

Starting up a radio station is one of the best financial investments in Nigeria, and it is not as hard as it seems. If you are dedicated to running your FM station, you can make it one of the most popular FM stations in Nigeria. I promise to publish a guide on how to start a radio station in Nigeria very soon.

61. Set up a law firm

You don’t have to be a lawyer to set up a law firm, just like you don’t have to be a doctor to own a hospital. You just set it up and employ competent staff to run the business for you. Your main job is to manage the organization and count your profits. Civil cases are been on a constant rise in Nigeria, so you’re surrounded by potential customers.

62. Sports Viewing Centre

If you like sport and have extra space in your house, why not try out this business? The beautiful game of football is one of the hottest sports in Nigeria. You can open your sports viewing center with just three TV sets and a DSTV console.

Setting up sports betting/viewing center to watch live football games in public will surely fetch you a lot of cash, especially in populated urban centers. Quite frankly, many people enjoy watching football with their friends than watching it alone at home.

63. Freight Forwarding

You can also make money from bringing goods into the country, you don’t have to have an office or spending money importing the goods. You just need a friend abroad that you can send money to buy goods and send them to you. Once the goods arrive in Nigeria, you clear them from customs and enjoy your profits.

Helping people bring their goods into the country and getting paid is a sure way to make millions in Nigeria. To be frank, I think this is one of the hottest business ideas in Nigeria.

64. Entreport

Entreport involves trading with two or more countries or re-exporting goods without repackaging. It is quite similar to the dropshipping business model, just a bit better than you’d expect. What this simply means is that you buy from one country at a cheap price and resell to another that has a high demand for that commodity for profit.

65. Graphic designing

They’re everywhere around you. There are images advertising churches, hotels, factories, businesses, companies, and even government programs. This is not a bad way to start making money in Nigeria, you can start your own graphic design business along with your printing press and make a sweet income as a Nigerian entrepreneur.

66. Youtube Monetization

With a lot of videos and subscribers, you can also make more tons of money from Youtube. Just upload a video or good informative slideshow about something you know to your Youtube channel.

You can monetize your channel with Google Adsense, affiliate links, or even paid advertising from other brands and businesses. This is one of the best business ideas for Nigerians that want to make money online.

67. Making Videos

You can also make money from making videos and posting on other video streaming platform for income as an alternative to Youtube. Yes, you can make and sell quality videos to businesses and individuals for quick profits.

You can start an online course where people pay to watch your video or sell them to other people that need your videos to help send delicate information. It’s that easy.

68. Making Games

A lot of people will give anything to play a fun game much especially kids and grown adults. By simply making a simple but addictive game like candy crush, chess, or subway surf, you can make passive income without any investment.

Sounds too good to be true right? Well, hurry up and build your own game for android or IOS devices. If you don’t know how to make video games, you can start by taking online courses on coding mobile games or designing your game algorithm.

69. Social Media Marketing

Sad enough, a lot of Nigerians don’t know the income potential of becoming a social media manager. Imagine reaching out to a company like Pepsi with a sales cover that you can help them increase sales by creating an amazing post on their Instagram handle. Pepsi would pay you nothing less than ₦200,000 for this deal.

The internet is something more than uploading cute pictures and funny memes, there are millions of dollars waiting for you on Facebook if only you can open your eyes. Start marketing your goods on social media, make them trend, and make passive income.

70. Lead Generation

Lead generation is a sure way to become a millionaire in Nigeria without blood money. Like affiliate marketing, you refer people to certain to purchase a product from a certain brand or business and get paid for every referral. You can choose to get paid per referral or upon reaching an agreed threshold.

71. Website Development

If you are good at programming or understand the concept of web development, you can also try marketing your service online or in marketplaces like Jiji, Upwork, Fiverr, or Iwriter.

You can choose to develop an online business using platforms like Blogspot, WordPress, Laravel, or even Drupal. You‘ll need to know basic languages like Html, PHP, CSS, and Java before you can make money from this business idea.

72. Dropshipping

Dropshipping is another hot business that can fetch you a lot of money all over the world. Similar to freight forwarding, dropshipping is a perfect passive income stream in Nigeria.

You simply create an advertisement for a product you don’t have and buy one every time someone makes an order. Despite several challenges dropshipping still makes lots of people millionaires all across the world.

73. Recycling Waste

Recycling waste is another great way to make money in Nigeria. Especially in populated cities like Lagos where dirt is in huge piles around major highways. You can choose to gather this “garbage” and resell or recycle them for other companies and individuals that need them. This way you are saving the environment and making a lot of money.

74. Nylon Bags Production

Making polythene bags is another great way to make money in Nigeria as a sole proprietor. You don’t need any special skills to start this business. You just a nylon producing machine and you can make polythene bags and sell them for profits.

75. Feeds Production

I started a poultry farm in April 2020 before the Corona Virus lockdown, and ever since I’ve been spending more than ₦2,500 every month on feeds for my birds. It’s difficult at all, but I need feeds to keep my birds alive. Now, imagine supplying feeds to everyone in your community.

Let’s be honest, animal feed comprises over 70% of kitchen waste. You just have to gather the things you threw away when you were cooking and throw them where you keep your birds or livestock. If you have enough garbage, you can industrialize this process and sell them as feed to other livestock farmers.

Don’t you see how easy it is to start this business in Nigeria? Animal feed production is one of the best financial investments in Nigeria.

76. Forex Trading

Although you will need to undergo serious training before you can succeed in this industry. But if you know what you are doing, you can make a lot of money from trading on the Forex market.

We plan to start an in-depth guide on how to start Forex trading in Nigeria very soon. But if you are experienced in FX trading and not making money, then you have serious problems.

77. Trading Cryptocurrencies

Trading cryptocurrencies and mining cryptos is a great way to make millions in Nigeria. Buying and selling cryptocurrencies is also one of the fastest ways to make money online, even as a Nigerian student.

Many people have become millionaires by simply investing in Bitcoins, Ethereum, Tron, Litecoin, and other Cryptocurrencies. You should also know that many people have also gone bankrupt doing trading cryptos, so be careful if you want to invest in this business.

78. Selling Online Courses

Selling Online courses on Whatsapp, Facebook, forums, Udemy, or your website is a great way to make money online even as a Nigerian living abroad. Whether you sell these courses as ebooks or videos, you will grab the interest of some people and make money from their purchase.

79. Blogging

Yes, you can also try blogging for income to make money as a Nigerian entrepreneur. With the rise of rich bloggers like Linda Ikeji, Azeez Makinde, and Seun Osewa, many people have shown interest in blogging for income. If you are looking for a steady passive income stream, then you should try blogging for money.

80. E-commerce

If you don’t enjoy writing to get money, then you should try selling something online to get money. Owning an eCommerce site or trading on commerce sites is another hot business idea you can start in Nigeria.

This is one of the hottest business ideas in Nigeria at the moment. You can also sell on social media or established eCommerce sites like Amazon, Jumia, Konga, Jiji, and even Alibaba.

81. Delivery and courier services

If you have your e-commerce store, then it will be smart to open delivery and courier services to perform waybill and other delivery services to clients and other customers in the states and other customers nationwide.

You can deliberately add an overcharged price and people will still pay since they have no other choice. This business idea is fantastic and one that every Nigerian entrepreneur should consider investing in.

82. Set up a factory

Once you’ve set up a factory that specializes in making essential products like cream, leather, perfume, beverage, or plastic is another way to get rich in Nigeria. You can start your factory, implement a smart marketing strategy, and start cashing out like a pro.

83. Cybercafe

Yes, owing a cyber café is one of the best businesses in Nigeria. There is a wide variety of services offered at cyber cafes including printing, online registration, photocopy, graphic designing, scanning, and typing. You can set up a cybercafé and offer services to people in need of your services.

84. Printing press

Owning a printing press where you can mass produce works like flyers, banners, news bulletins, and magazines is another sure great way to make money in Nigeria. This is one of the best business ideas to get rich fast in Nigeria If you have enough investment capital.

85. Fitness Instructor

You can also set up your gym and work as a personal fitness instructor for people willing to pay extra for your services. A lot of people would pay millions to get the “perfect” body. If you don’t have enough money to rent a place and turn it into a gym, just get a small space in any stadium near you and get gym equipment for your students to use.

86. Mechanics

Your expertise in mechanics can also fetch a lot of money in Nigeria, no matter which machine you specialize in. You can work from home or get a small shop where you can wait for customers to come and fit their damaged machines.

87. Painting and interior designs

Making money as a professional painter and interior designer is another exciting business idea for Nigerian artisans. You can also make a lot of money by painting houses and giving ideas on interior designs. It is super to get started and you can improve your skills.

88. Spa

Setting up your spa where you give your customers special skin treatments, manicures, and pedicures is still an untapped business idea in Nigeria for entrepreneurs in the beauty niche. This business can also make you rich fast in Nigeria. The best thing about this business is that you don’t have to spend too much on maintenance and you can fix your prices.

89. Web hosting services

This is another awesome way to make money online in Nigeria. You can sell web hosting plans to webmasters and bloggers that need quality servers to host their websites. You just create a system and enjoy passive income. Besides, you can set up your own web hosting company using APIs provided by Namecheap, Godaddy, or Interserver.

90. Disc jockey services

Getting paid to be a DJ in an event like birthday parties, wedding ceremonies, and other festivities is a simple way to make money in Nigeria. This business idea is both cost-efficient and easy to start. You can start your DJ service with just your laptop, turntable, and stereo speakers.

91. Music instructor

Giving music tutorials to parents, children, and foreigners in online classes is not a bad way to make money online in Nigeria. If you can play any musical instrument like drums, piano, flute, xylophone, violin, or even a guitar, you can teach your student how to play any of these instruments and earn money from it.

92. Rental services

Renting common items such as gas cookers, speakers, pots, and other equipment needed for festivities and celebrations is another passive income stream that can make you a lot of money, especially in Lagos.

You can purchase all this equipment and rent it out to people that need it for celebrations and other festivities.

93. Aquaculture

You should also consider raising and rearing fish as a side hustle or as a means of income. Rearing fishes is one of the best agric business in Nigeria to make money. You can start a fish rearing business on a plot of land.

This is is another hot business idea for Nigerians and I strongly urge on to try it out. You can rear catfish, tilapia, snail, crayfish, and cod in one small pond and sell them for money.

94. Pottery

Making ceramic pots, china wares, cups, decorations, and other clay products is another amazing business idea for skilled women in Lagos. Most of these products sell faster in urban centers and have a high cost which means big profit.

You can start pottery in Lekki and be cashing out big every day. There is nothing hard about this business. Plus there are lots of people that would be interested in learning the skill, so they will pay you to teach them.

95. Selling cane products & furniture

Selling cane furniture and other can products is another exciting business in Nigeria that you can try out for income.

What is a cane product? Cane products are furniture or artworks made of wooden canes. Tables, chairs, decors, and other items made of cane are also quite pricey on the market because of their elegant build and attractive designs.

96. Modeling

Modeling is another good business idea for our graduates in Nigeria. If you have a good body build and elegant facial looks, you can start our gallery on your social media handle and get a gig in no time.

If you don’t have time to manage yourself, there are a lot of modeling agencies in Nigeria looking for models to work with them. You can enroll in a modeling agency and begin making money like a boss.

97. Data analysis

Selling data analysis on the topics concerning health, food, politics has been in high demand for the past five decades. There are many people and companies like BBC, National Geographic, and even the IMF that will pay for accurate secondary data gathered by data analysts.

Collecting data and selling them to people who need that information is also quite profitable In Nigeria. There are a lot of politicians, health care workers, and multinational organizations looking for information that they can’t gather on their own.

98. Artist

Selling artworks is another great way to make money online in Nigeria. Many Nigerian artists are not rich because they have a poor marketing strategy. If you can adopt the right strategy to make more sales, you will make a lot of money in Nigeria.

99. Bakery

You can also set up your bakery and start making money by making products like bread, doughnuts, cakes, muffins, cookies, biscuits for weddings, parties, special occasions, and other events.

100. Stockbroking

Buying and selling stocks in the Nigerian stock exchange is another passionate way to make money in Nigeria. This business has already made thousands of wealthy Nigerians make more money.

Best of all, you can start and make money from the comfort of your home. You can also sell stocks in the Chinese market, the American stock market, and other stock markets.

These 100 business ideas can work for anyone in Nigeria. You can start today and start making money like a superstar. Now, which of these 100 business ideas do you think that you can start and handle?

Do tell us in the comment section.

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