In this guide, we’ll cover a range of Lucrative Businesses You start with 100k in Nigeria that are budget-friendly and have excellent potential for growth. Let’s dive in and find the perfect business for you to start with ₦100k!
10 Lucrative Businesses You start with 100k in Nigeria
1) Food Business
Starting a food business in Nigeria with a ₦100k budget is achievable and can be highly profitable if planned carefully. With the growing demand for affordable and delicious meals, you can set up a small food business that meets local tastes and budgets.
Several food businesses have grown from small shops that only sold to coworkers, friends, and family to large companies that serve a wide range of people. You can open a smoothie, cupcake, parfait, finger food, rice, and other food businesses.
If you try to do this along with school or work, it might be too difficult. You can, however, choose to only serve your customers on certain days or if they place an advance order. You can avoid waste, feel less stressed, and keep standards in check this way.
How to start a food business in nigeria in 2025
| Pros | Cons |
|---|---|
| Low Start-up Cost: Affordable entry point with minimal capital. | Limited Menu Options: Budget constraints may limit variety. |
| High Demand: Constant demand for affordable, tasty food. | Location Restrictions: Prime locations may be expensive. |
| Flexible Setup: Can operate from home or a small space. | Quality Control: Maintaining quality on a budget can be challenging. |
| Fast Cash Flow: Potential for daily sales and quick returns. | Limited Marketing: Advertising options may be limited without extra funds. |
| Growth Potential: Opportunities to expand as profits grow. | Operational Strain: A limited budget may mean doing most tasks yourself. |
2) Wig Making Business
Pretty sure that most women don’t make their own wigs, but every woman has at least one in her closet. Women usually pay between 3 and 5k to have their hair bundles made into wigs and between 5 and 10k to fix up old wigs. You can spend ₦20k to ₦30k to learn how to make wigs, fix them up, and style them if you don’t already know how.
You can start your own wig-making business with basic tools like needles, thread, models, styling materials, and, if you want, a sewing machine (a used one should cost around ₦35k).
To get more customers, you can work with a hair seller who sells bunches. You can make up to three wigs in a day, which is great because it means you can get enough work to make a good living every day or every month.
| Pros | Cons |
|---|---|
| Low Start-up Cost: Affordable to start with minimal capital. | Limited Inventory: Budget may restrict wig variety and materials. |
| High Demand: Constant need for quality wigs in Nigeria. | Quality Materials: High-quality hair can be costly to purchase initially. |
| Flexible Workspace: Can work from home to save on rent. | Skilled Labor Needed: Requires skill and practice in wig-making. |
| Good Profit Margins: Potential to make a good profit per wig. | Limited Marketing: Budget may restrict promotional options. |
| Growth Potential: Easy to scale up as profits grow. | Time-Intensive: Wig-making can be time-consuming, especially handmade options. |
3) Liquid Soap Making Business
One of the most well-known small businesses in Nigeria is liquid soap. Everyone must wash their dishes, regardless of household wealth. The process of making liquid soap is covered in a wealth of videos and information.
To offer your product at a discounted price, all you have to do is develop a marketing plan, enhance your packaging, get premium stickers, and contact supermarkets and eateries. Every household and a variety of enterprises use liquid soaps, so you should be ready to package your items in an eye-catching way.
Therefore, there are a number of factors to take into account before starting a profitable liquid soap business. For instance, is your product ecologically friendly? How does your package appear? How are you going to market your business? These problems require a deliberate response.
| Pros | Cons |
|---|---|
| Low Start-up Cost: Affordable to start with small capital. | Limited Branding: Budget may restrict professional packaging. |
| High Demand: Daily need for soap in households and businesses. | Competition: Many small-scale producers in the market. |
| Easy to Learn: Simple process with accessible materials. | Quality Control: Requires careful ingredient measurement for consistency. |
| Flexible Workspace: Can produce from home to save costs. | Storage Needs: Finished products need space for safe storage. |
| Scalable: Potential to grow with reinvestment. | Regulations: May need permits or quality checks as you expand. |
4) Baking and Catering Business
If you enjoy cooking and have a talent for making others happy, this is a fantastic business. You can start by providing catering for small gatherings like weddings and birthday parties, then expand from there.
When starting a catering business, you need to research the local catering market and pick a specialization. Examine your market research for any gaps or neglected areas that can be filled.
The following catering specialties are available to you: birthday parties, business lunch packages, concerts and festivals, bars, etc. Pick a spot that specifically appeals to your ideal client. This is significant.
Social media may also be used to sell your food business online. Share high-quality photos of your food on social media sites like Facebook, Instagram, and Twitter. By sponsoring these blogs, you may expand your audience and possibly position your catering business for success.
| Pros | Cons |
|---|---|
| High Demand: Consistent need for baked goods and catering services for events. | Limited Menu: Budget may restrict the variety of items offered. |
| Flexible Setup: Can start from home, reducing rent costs. | Cost of Ingredients: Quality ingredients can be expensive. |
| Quick Cash Flow: Potential for regular orders and quick payments. | Storage Needs: Requires space for ingredients and baked goods. |
| Custom Orders: Can charge more for personalized cakes and treats. | Time-Intensive: Baking and catering require significant time and effort. |
| Potential to Grow: Can expand services and menu as profits increase. | Marketing Limitations: Budget may restrict advertising options. |
5) Shawarma Selling Business
Shawarma is a snack that is filled with either chicken or beef. Chicken and beef slices are stacked in a cone shape and cooked on a spit that moves slowly in this traditional Middle Eastern dish. One business that can be started with as little as ₦100,000 naira and is well-liked in Nigeria is…
A person in the selling shawarma business can easily make up to ₦200,000 Naira each month after making an initial investment of ₦100,000. You need to be trained in the shawarma-making process before you can start the business. The next thing to do is pick a nice spot to start selling. It is best to set up your business in a place where selling to customers won’t be difficult.
You can get the most out of your investment by putting your shawarma shop near the door to an estate, a bar, a hotel, the area around a supermarket, or a student neighborhood. Pots and spoons, a shawarma toaster, a show glass, and bug spray for flies are all things that the business needs.
| Pros | Cons |
|---|---|
| High Demand: Shawarma is popular and loved by many in Nigeria. | Limited Ingredients: Budget may restrict quality or variety of ingredients. |
| Low Start-up Cost: Can begin with minimal investment in equipment. | Location Dependency: High sales depend on a strategic, high-traffic location. |
| Quick Returns: Daily sales can generate immediate cash flow. | Competition: Many shawarma vendors exist, especially in urban areas. |
| Easy Setup: Can operate from a small stall or cart. | Quality Control: Maintaining consistency with low-cost ingredients can be challenging. |
| Scalable: Potential to add more menu items as profits grow. | Food Safety: Requires adherence to hygiene to avoid health issues. |
6) Car Wash Business
Having a car wash business is one of the most successful businesses you can start today with ₦100,000 naira. Anywhere there are many automobiles and enough water, a car wash can start.
Today, a lot of people don’t have time to wash their cars; others are stressed out after a long day at work, and some people can’t wash their cars properly, so they have to take them to a car wash.
In Nigeria, the car washing business does well in both dry and wet weather, so you won’t have any problems running it. Also, if you want to start a car wash business, you need a good website. The place you choose must be somewhere that everyone can see.
If you can’t afford to rent a place, you can wash people’s automobiles from home. There’s no question that starting a car wash with ₦100,000 naira in Nigeria is a great way to make money.
| Pros | Cons |
|---|---|
| High Demand: Consistent need for car wash services in busy areas. | Water Supply Costs: Reliable water source can be expensive. |
| Low Start-up Cost: Affordable entry with basic washing equipment. | Location Dependence: Success relies heavily on a high-traffic location. |
| Daily Cash Flow: Potential for steady income from daily customers. | Labor Intensive: Requires physical work, especially without automated tools. |
| Flexible Setup: Can operate from a rented space or roadside spot. | Weather-Dependent: Business may slow down during rainy seasons. |
| Scalable: Can add more services, like interior cleaning, as profits grow. | Limited Marketing: Small budget may restrict advertising and signage. |
7) Laundry Service Business
There is a very profitable business idea that is also very easy to start. At this point in time, people are so busy that washing clothes is not a top concern, which opens up jobs.
A good site is very important for the success of your laundry business. Think about places that are easy for a lot of people to see and don’t have much competition.
Your location should be in residential areas, estates, or high-income neighborhoods where clean water is easy to get to, among other things.
| Pros | Cons |
|---|---|
| High Demand: Consistent need for laundry services, especially in urban areas. | Labor Intensive: Requires significant time and effort, especially without machines. |
| Low Start-up Cost: Can begin with basic supplies like detergent, iron, and basin. | Limited Equipment: Budget may not cover washing machines, increasing manual work. |
| Flexible Setup: Can operate from home to save on rent. | Water and Power Costs: Regular expenses for water and electricity can add up. |
| Regular Income: Potential for steady repeat business from loyal customers. | Weather-Dependent: Drying clothes may be challenging during rainy seasons. |
| Scalable: Can invest in better equipment and expand services as profits grow. | Quality Control: Requires careful handling to avoid damaging clients’ clothes. |
8) Mini Importation Business
Mini importation is one of the most profitable businesses in Nigeria to start with ₦100k and be successful. People make money by importing things from other nations at a low cost and selling them at a high price in Nigeria. If you want to succeed in business, you simply must perform your marketing correctly.
Before you start your tiny importation business, you need someone to guide you, and you should start with the things that people buy the most. Before ordering any goods, you should conduct a market survey.
Depending on what you wish to market, you can import from China or any other country. Discover how to set up a small importation business in Nigeria.
| Pros | Cons |
|---|---|
| Low Start-up Cost: Can start with a small budget and scale up later. | Market Saturation: Many people are entering the mini importation business, leading to high competition. |
| High Profit Potential: Opportunity to make significant profits on imported goods. | Shipping Delays: Importing items may face delays in shipping and customs clearance. |
| Diverse Product Range: Ability to import a wide variety of products based on market demand. | Quality Control: Risk of receiving low-quality products or items not matching descriptions. |
| Flexibility: Can operate from home and sell online or through social media. | Import Regulations: Must navigate customs regulations and tariffs, which can be complex. |
| Growing E-commerce: Increased online shopping in Nigeria provides a ready market. | Capital Risk: Potential loss if products do not sell or are damaged during shipping. |
9) Perfume Making and Cosmetics Business
Starting a perfume and cosmetics business in Nigeria can be really profitable. You can totally kickstart a profitable beauty business with just ₦100k in capital. Perfumes, lotions, and cosmetics are always in demand in Nigeria, which makes it a great opportunity for entrepreneurs.
Hey, you can totally use online platforms like social media, e-commerce sites, and marketplaces to connect with more people and boost your sales.
Plus, providing unique and locally sourced products can really set your brand apart and draw in loyal customers. If you keep up with your marketing, come up with new products, and make sure your customers are happy, your perfume and cosmetics sales business can really take off and make good money in Nigeria.
| Pros | Cons |
|---|---|
| Growing Market: Increasing demand for personal care and cosmetics products. | Initial Learning Curve: Requires knowledge of formulation and safety regulations. |
| Low Start-up Cost: Can begin with basic ingredients and supplies. | Quality Ingredients: High-quality raw materials can be expensive. |
| Creative Outlet: Opportunity to express creativity through custom scents and products. | Competition: Many established brands and new entrants in the market. |
| Scalable: Potential to expand product lines as the business grows. | Branding Challenges: Building a recognizable brand may take time and effort. |
| Flexibility: Can operate from home and sell online or at local markets. | Regulatory Compliance: Must adhere to health and safety regulations for cosmetics. |
10) POS Business
The point-of-sale terminal business has grown in recent years as financial institutions have increased their need for agency banking. Running a POS business allows you to earn commissions on the transactions you complete for your customers.
You can immediately start a POS business by going to a financial institution like Moniepoint MFB. Ensure that you give all necessary papers, such as your business account information. Start this profitable small business today without requiring a large retail area and with as little as ₦30,000.
| Pros | Cons |
|---|---|
| High Demand: Increasing need for cashless transactions in Nigeria. | Limited Profit Margins: Commissions on transactions can reduce overall profits. |
| Low Start-up Cost: Affordable to start with minimal equipment and setup. | Dependency on Network: Requires stable internet and network connectivity. |
| Flexible Location: Can set up in various locations, including markets and shops. | High Competition: Many vendors are entering the POS business, leading to saturation. |
| Daily Cash Flow: Potential for regular income from transaction fees. | Security Risks: Vulnerability to theft or fraud, especially in busy areas. |
| Easy to Scale: Opportunity to expand services or locations as profits grow. | Regulatory Changes: Subject to changes in government policies affecting fees and operations. |
11) Massage business
Are you a trained physical therapist looking for a job that fits your skills? You can start a massage business with ₦100,000 naira and provide people in Nigeria with on-the-go massage services. As a massage therapist, you have the option to charge by the hour or offer your services for as little as ₦10,000 per session.
To start, you’ll need towels, blankets, oils, and germ killers. After that, you can buy more expensive tools and materials, such as massage beds and massage guns.
| Pros | Cons |
|---|---|
| Growing Demand: Increasing interest in wellness and relaxation services. | Initial Training Required: Requires skills and certification to provide quality services. |
| Low Start-up Cost: Can start with basic equipment and supplies. | Location Dependent: Success often relies on a strategic, high-traffic location. |
| Flexible Hours: Ability to set your own working hours and schedule. | Physical Demand: Can be physically taxing on the body over time. |
| Potential for Repeat Clients: Good service can lead to loyal customers and referrals. | Marketing Challenges: May require effort and budget to attract clients initially. |
| Scalable: Potential to expand services or offer packages as business grows. | Licensing Requirements: May need to meet local regulations and obtain necessary licenses. |
12) Wig revamping and cleaning business
Revamping and cleaning wigs is a thriving industry in Nigeria — especially for those who master the craft. Although it may not appear as profitable as selling wigs, there is a significant opportunity to earn by assisting wig owners in restoring and revitalizing their hairpieces.
To launch this business, you’ll require essential hair products such as shampoos, conditioners, and possibly a hair dryer. Absolutely, mastering the art of cleaning and revamping wigs is essential to keep your customers delighted.
how start a Hair Revamping Business
| Pros | Cons |
|---|---|
| Low Start-up Cost: Affordable to start with minimal equipment and supplies. | Limited Awareness: May require educating potential clients on the benefits of revamping and cleaning wigs. |
| Growing Demand: Increasing popularity of wigs creates a steady market. | Time-Consuming: Revamping and cleaning wigs can take significant time per item. |
| Flexible Location: Can operate from home or a small space to save on rent. | Skill Development: Requires skill and practice to achieve high-quality results. |
| Potential for Repeat Clients: Good service can lead to loyal customers and referrals. | Quality Control: Need to ensure the use of proper techniques to avoid damaging wigs. |
| Scalable: Opportunity to expand services, such as offering repairs or customizations. | Competition: Many vendors may already be offering similar services. |
Conclusion
Even if you have more than enough money to set up shop, starting a business in Nigeria is not easy. You can turn your ₦100,000 car start-up into a successful business, though, with careful financial planning, strong business concepts, and first-rate customer service.
