Top 20 Lucrative Business Ideas in Nigeria to Start with 100k

Nigeria’s thriving economy and population of over 200 million offer numerous opportunities for entrepreneurs with limited capital. With ₦100,000, you can launch a profitable small-scale business by tapping into high-demand sectors such as retail, food, agriculture, and digital services. Below is a curated list of 20 lucrative business ideas tailored for Nigeria’s market in 2025, each requiring a startup capital of around ₦100,000 or less. These ideas are selected for their low entry barriers, scalability, and alignment with current market trends.

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1. POS (Point of Sale) Business

Provide electronic payment services in areas with limited banking access, earning commissions per transaction.

• Startup Costs: ₦50,000–₦100,000 (POS machine, kiosk setup, initial float).
• Why It’s Profitable: High transaction volume in busy areas, with daily profits of ₦5,000–₦10,000.
• Tips: Partner with providers like Moniepoint or Opay and target high-traffic locations.

2. Zobo Drink Production

Produce and sell Zobo, a popular hibiscus-based beverage, to health-conscious consumers.

• Startup Costs: ₦30,000–₦80,000 (ingredients, packaging, distribution).
• Why It’s Profitable: Low production costs and growing demand for healthy drinks.
• Tips: Use attractive packaging and sell to offices, schools, and gyms.

3. Perfume Oil Sales

Sell affordable perfume oils as a budget-friendly alternative to branded fragrances.

• Startup Costs: ₦50,000–₦100,000 (stock, bottles, marketing).
• Why It’s Profitable: High demand for cost-effective scents among young adults.
• Tips: Source from wholesalers and promote via WhatsApp and Instagram.

4. Thrift Clothing (Okrika) Resale

Sell quality second-hand clothing, shoes, or bags sourced from local or international suppliers.

• Startup Costs: ₦50,000–₦100,000 (stock, marketing, small shop).
• Why It’s Profitable: Strong demand for affordable fashion, especially among youths.
• Tips: Focus on trendy items and sell online or at local markets.

5. Small-Scale Food Vending

Sell homemade snacks like chin-chin, puff-puff, or plantain chips in high-traffic areas.

• Startup Costs: ₦50,000–₦100,000 (ingredients, packaging, small stall).
• Why It’s Profitable: Constant demand for affordable snacks in urban areas.
• Tips: Ensure hygiene and target busy locations like markets or schools.

6. Bead Making and Jewelry

Craft and sell handmade beads or jewelry for fashion enthusiasts.

• Startup Costs: ₦50,000–₦100,000 (materials, tools, marketing).
• Why It’s Profitable: High margins on unique, handmade accessories.
• Tips: Build a portfolio on Instagram and sell at events or local stores.

7. Recharge Card Retail

Sell mobile recharge vouchers for telecom providers like MTN, Airtel, or Glo.

• Startup Costs: ₦50,000–�▓100,000 (stock, small kiosk).
• Why It’s Profitable: Steady demand for airtime and data across Nigeria.
• Tips: Operate in a busy area and offer small denominations.

8. Soap and Detergent Production

Produce small batches of liquid or bar soaps and detergents for households.

• Startup Costs: ₦50,000–₦100,000 (chemicals, containers, packaging).
• Why It’s Profitable: High demand for affordable cleaning products.
• Tips: Learn production techniques and distribute to local shops.

9. Home Tutoring

Offer tutoring for students preparing for exams like WAEC, JAMB, or school subjects.

• Startup Costs: ₦30,000–₦80,000 (teaching materials, marketing).
• Why It’s Profitable: Growing demand for academic support in Nigeria.
• Tips: Offer online classes to reduce costs and reach more students.

10. Mini Retail Shop

Sell daily essentials like toiletries, drinks, or snacks in a small kiosk.

• Startup Costs: ₦50,000–₦100,000 (stock, shelf or kiosk).
• Why It’s Profitable: Consistent demand for convenience items in residential areas.
• Tips: Stock fast-moving goods and choose a high-traffic location.

11. Content Creation

Create videos, blogs, or graphics for platforms like TikTok, YouTube, or Instagram.

• Startup Costs: ₦50,000–₦100,000 (smartphone, editing apps, internet).
• Why It’s Profitable: Monetization opportunities through ads and sponsorships.
• Tips: Focus on a niche like lifestyle, tech, or comedy to build a following.

12. Mini Importation Business

Import small-scale goods like phone accessories or cosmetics for resale.

• Startup Costs: ₦50,000–₦100,000 (product sourcing, shipping, marketing).
• Why It’s Profitable: High profit margins (50–200%) on trending products.
• Tips: Use platforms like AliExpress and sell via Jumia or social media.

13. Laundry Services

Provide laundry and ironing services in urban areas with busy professionals.

• Startup Costs: ₦80,000–₦100,000 (washing machine, detergents, small space).
• Why It’s Profitable: Growing demand in cities like Lagos and Abuja.
• Tips: Offer pickup and delivery for convenience.

14. Snail Farming

Breed and sell snails for local restaurants or markets, a low-maintenance agribusiness.

• Startup Costs: ₦50,000–₦100,000 (snail pen, breeding stock, feed).
• Why It’s Profitable: High demand with minimal space and costs.
• Tips: Learn proper rearing techniques to maximize yield.

15. Vegetable Farming

Grow high-demand crops like tomatoes, peppers, or spinach on a small plot.

• Startup Costs: ₦50,000–₦100,000 (seeds, fertilizers, tools).
• Why It’s Profitable: Quick harvest cycles and steady food demand.
• Tips: Use modern farming methods to increase productivity.

16. Event Decoration

Offer decoration services for birthdays, weddings, or small events.

• Startup Costs: ₦50,000–₦100,000 (décor materials, marketing).
• Why It’s Profitable: High demand for professional event setups.
• Tips: Build a portfolio on Instagram and network with event planners.

17. Phone Accessories Retail

Sell phone chargers, earphones, or cases in a small shop or online.

• Startup Costs: ₦50,000–₦100,000 (stock, marketing).
• Why It’s Profitable: High smartphone usage drives accessory demand.
• Tips: Offer minor repair services to boost income.

18. Home-Based Catering

Prepare and sell meals for offices, events, or daily customers from home.

• Startup Costs: ₦50,000–₦100,000 (cooking utensils, ingredients, packaging).
• Why It’s Profitable: Constant demand for affordable food in urban areas.
• Tips: Promote on social media and offer delivery services.

19. Digital Marketing Services

Offer social media management or content creation for small businesses.

• Startup Costs: ₦50,000–₦100,000 (laptop, internet, software).
• Why It’s Profitable: Growing demand for online visibility among SMEs.
• Tips: Build skills via online platforms like Fiverr and target local clients.

20. Small-Scale Bakery

Produce bread, cakes, or snacks for local markets from a home-based setup.

• Startup Costs: ₦80,000–₦100,000 (oven, ingredients, packaging).
• Why It’s Profitable: High demand for affordable baked goods.
• Tips: Distribute to shops and schools for steady sales.

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Key Tips for Success

• Market Research: Validate demand and competition in your area before starting.
• Digital Marketing: Use WhatsApp, Instagram, and TikTok for cost-effective promotion.
• Customer Service: Prioritize quality and reliability to retain customers.
• Financial Discipline: Track expenses and reinvest profits to grow.

With ₦100,000, these business ideas offer low startup costs, scalability, and alignment with Nigeria’s market demands in 2025. Choose a venture that matches your skills and local needs, and execute with strategic planning to achieve profitability.