HomeTech News20 Business Ideas you can start with 100,000 Naira or Less in Nigeria

20 Business Ideas you can start with 100,000 Naira or Less in Nigeria

Some of you have little cash with you but lack business ideas, here are business ideas you can start with 100,000 Naira or less in Nigeria.

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This article was originally shared by @boda_lanre on Twitter in April 2018, I’m reposting this for the sake of those who missed out on this thread. Here are 20 business ideas you can start with 100,000 Naira or less in Nigeria.

Some of you have little cash with you but lack business ideas on what to do with the cash and how to grow the cash but these business ideas will guide you on which of the businesses you can start.

100k Business Ideas in Nigeria

1. Bedsheet/Beddings Production

Pay a visit to Lagos Island, or Oshodi where they sell bulk materials, pick good designs and there are guys who will sew it for you within the same market. You can start with less than 100K and diligently grow your money.

2. Shirt Production

A sweet side hustles. There are tailors in Lagos Island or environs or you can better learn the skill it will save you all the heartbreaks imaginable. Taiwo street in Lagos Island is where you should be. Materials ranging from N700 – N1000 per yard, sew for N1500/2k and sell for N5000 – N7000

3. Production and Selling of boxers (Aba Market)

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Schedule a trip to Aba Market, The cost of production of boxers, you can get one for as low as N300, all you need is to package it in 3s, and market these babies properly or better still beg your friends on Twitter for RTs, we men buy 3s pack boxers for N1500-N2500… You can sell yours a little lower than that and gradually grow your profit.

4. E-Payment and POS Business


You can get a POS Machine from your bank and activate online banking: if you live in a place where banks aren’t much you can handle e-payments for people and make your small change. I paid someone N200 to withdraw 10k in Ikorodu. ATM queue was crazy.

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5. Mobile and Electronic Accessories

phone accessories

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Such as Pouches, Chargers, USB cables HDMI cables, earphones and more can be sourced from Alibaba, AliExpress, Deal Extreme etc. I once posted something related to that a few years ago here. The more you buy the lower the price. And they are lite so shipping won’t be a burden. You can sell it on Jumia or Instagram etc.

6. POP-Corn Business

We all know this guy, we buy every time… Bags of corn, branded Nylon, sugar, salt and butter. The beauty of this is when properly made, the aroma will attract its customers.

The manual sealing machine is sold for 7/9k, the popcorn machine on Jumia is sold for 65k and remember that everybody likes popcorn.

7. Snail Farming

In Nigeria, snail farming is more popular due to its relatively cheap cost of startup and if you market your products well, your business will thrive. This is a business you can start from your backyard, they are millions of eggs but patience is required as it can take almost a year to mature. I can link you with someone who can guide you through this if you are interested.

8. Fairly Used Clothes

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Such as Jeans, Tops, t-shirts, shoes etc. They could be sourced at Badagry, even Cotonou. 100K can’t get you a bale but you can select and mix them. Wash them and package them neatly. Good packaging will bring you more customers… hence you’ll see your money multiply.

9. Cleaning Services

Some workers are so busy throughout the day that they find cleaning their apartment burdensome, and even their weekends are all engaged. You can simply engage in this service and make your money from it. The more apartments you clean during the weekend, the more money you make.

10. Home Cooking and Delivery

Most especially for our ladies or housewives or guys who love to cook. You can cook a variety of meals well, and apply customer service. People will pay good money for your services. You don’t even need a store to start. You can run it from your home.

Marketing your services on Twitter, Facebook and Instagram will get you your first 100 clients. Remember that first impression count.

11. Digital Marketing

social media apps

The success of any business is in the ability to effectively reach its teeming customers… and this can be achieved via effective marketing. Get a used laptop and smartphone; temporarily your smartphone can act as your hotspot. Passion and persistence are the key.

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12. Internet Services


Forget the extensive coverage of internet and the fact that people can assess it on their phones; do you know how much applicants pay just to have JAMB applications filled online? You need a good system, printer and ISP. People as much as 1k per application.

13. Production of Zobo, Smoothies, cocktail, small chops, cupcakes and chinchin.

The importance of this combo can’t be ruled out. You can render these services with 100k startup capital + proper marketing, branding and packaging.

14. Cakes and Confectionery

This is one business that always comes to play, when people celebrate birthdays, parties or weddings and guess what, bakers are always consulted. You’ll do well if you can acquire skills in this area. I know of a celebrity baker who only bakes for celebrities.

15. Aso-Oke Beading and Stoning

Aso-Oke Beading and Stoning has become sometimes in vogue now, and this is another sweet business one can start with 100k. You just have to learn how to bead and unlock your creative mind.

16. Bead Making

I’m not sure there’s really much to say here. All you need is training, passion, creativity, unique designs and styles, and then adequate marketing. You absolutely don’t need 100k to start this.

17. Home Service Barber

This is another profitable small-scale business. The beautiful thing about this is you bring your services to your clients for an extra token above regular. The starting capital to get the equipment and I’m sure you know we have rechargeable clippers.

18. Tutorial Classes

watch movie smartphone

No matter your age, this is another well-paying job, either part-time or full-time. Many families are willing to spend what it takes for their children’s success and there’s one subject you’re well versed at. Just close the gap, and meet their need for a fee.

19. Adire

This is most common in Abeokuta Nigeria where you can get one adire for N2000 and sell for N5000. Guys/ladies use it to sow befitting dresses, stylish dresses etc. You can even act as a mini supplier to tailors and other people who wish to resell them.

20. Re-invest your seed capital in an existing business

Not everyone has the head for business but they can sniff opportunities. You can always sow your money as operating capital and draft an agreement on profit sharing.

Let us know what you think via the comment box below… or if you have other lucrative businesses one can start with 100k or less. good luck!!!

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Tech Enthusiast | Gadget Lover | Architect | Content & SEO Expert @ SEOEXPERTS.COM.NG | Inter Milan Fan ⚽. Writing history one piece at a time. You can connect with me on social media using the buttons below. Cheers!


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