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Lucrative Business ideas in Nigeria You Can Start with 100k

Are you in search of business ideas in Nigeria that you can start with 100k or less? If yes, then you’ve come to the right place. Remember when relying on just one paycheck was enough? Well, times have changed. With everything getting more expensive and jobs becoming less stable, having more than one way to make money is smart. Even millionaires have lots of different income streams! So, if they can do it, why not us, right?

That’s why today we’ve put together a list of 14 cool businesses you can start in Nigeria with just 100k. These ideas don’t need a lot of money upfront, but they can pay off. Whether you want to earn extra cash, follow your passion, or save up for big dreams, these businesses could be your ticket. So, if you’ve ever thought about starting something new but didn’t know where to begin, stick around. We’re about to show you how far 100k can take you!

In this blog post, you will find the following business ideas in Nigeria: 

  • Pos/E-payment business
  • Wig Making, Revamping, and Styling
  • Liquid Soap Making
  • Mobile Phone Accessories
  • Baking/Catering
  • Fruit Selling
  • Laundry Business
  • Shawarma Selling Business
  • Cryptocurrency Trading
  • Small-scale Importation Service
  • Popcorn Business
  • E-commerce Store
  • Makeup Artist Business

Let’s get started.

POS/E-Payment Business

Have you ever thought about starting a POS or e-payment business and becoming the go-to person in your area for convenient financial transactions? With just 100k, you can acquire a POS machine from reputable providers like FirstMonie, Kuda, or Opay and set up a shop in a bustling area. Throughout the day, people can come to you to withdraw cash, transfer funds, or pay bills, and every transaction earns you a commission, adding up to a tidy sum by the end of the day. After covering the initial setup fees, you’re all set to start earning. So why not give it a try and become the go-to person for convenient financial transactions in your area?

How to start POS business in Nigeria

Wig-selling business ideas in Nigeria

Women love wearing wigs, but not everyone can make them look great due to a lack of time or expertise. This is where you can help. By investing around 20-30k and having a creative flair, you can learn the art of wig-making, revamping, and styling. You can transform ordinary hair bundles into stunning wigs or revamp old ones to make them look brand new. With your new skills and a modest budget, you can start a thriving business. Collaborating with hair vendors can help expand your customer base and ensure a consistent flow of clients.

How to start wig selling business
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Liquid Soap Making

Liquid soap is an essential item in every household that has a variety of uses, from washing dishes and doing laundry to cleaning surfaces. You can tap into this high-demand market with just 100k and a little creativity. Imagine concocting batches of fragrant liquid soap in your kitchen, packaging them in attractive containers, and watching them sell out quickly. By implementing the right marketing strategy and prioritising quality, your liquid soap business has the potential to become a household name in no time.

How to make Liquid soap

Mobile Phone Accessories

Smartphones are everywhere, and so are the accessories that go with them. With 100k, you can dive into the lucrative world of mobile phone accessories. Imagine stocking your shelves with trendy phone cases, fast chargers, and sleek screen protectors. Whether you choose to sell online or set up a physical store, the profit potential is immense. With the right mix of quality products and savvy marketing, you’ll have customers lining up to access their devices.

How to start phone accessories business in Nigeria


Baking and catering as a business idea in nigeria

Picture this: the aroma of freshly baked bread wafting through your kitchen as you prepare delicious treats for your customers. With just 100k, you can turn your passion for baking into a profitable business. Imagine crafting custom cakes for birthdays, weddings, and special occasions, or serving up mouthwatering dishes at events and gatherings. With the right ingredients, equipment, and marketing strategy, your baking/catering business can become a household name in your community.

Fruit Selling business

Fruit selling as a business idea in Nigeria

Selling fruits is a great way to start a business with just 100k in Nigeria. With plenty of delicious options like oranges, watermelons, and pineapples available year-round, there’s something for everyone. You can set up your fruit stand in busy areas or go door-to-door in neighbourhoods. By offering fresh, tasty fruits at fair prices and being friendly to your customers, you’ll quickly build a group of regular buyers. It’s a simple yet rewarding way to turn your investment into profit while spreading joy with healthy snacks!

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Laundry Business

Laundry Business as a business

Dirty laundry is a fact of life, but not everyone has the time or inclination to deal with it. That’s where you come in. With 100k and a bit of elbow grease, you can start your own laundry business and become the hero of busy families everywhere. Imagine transforming piles of dirty clothes into fresh, clean linens, all while earning a tidy profit. With the right equipment, detergents, and marketing strategy, your laundry business can become a staple in your community.

 Shawarma Selling Business

Shawarma is the ultimate street food indulgence. With 100k, you can set up your own shawarma stall and become the talk of the town. Imagine the sizzle of marinated meat on the grill, the aroma of spices wafting through the air, and the satisfied smiles of your customers as they bite into your delicious creations. With the right ingredients, equipment, and marketing strategy, your shawarma business can become a hot spot for hungry foodies.

How to start shawarma business in Nigeria

Cryptocurrency Trading

Cryptocurrency trading is the future of finance, and with 100k, you can become part of this exciting industry. Imagine buying and selling digital assets from the comfort of your own home, watching as your investments grow and flourish. With the right knowledge and strategy, you can turn a modest investment into substantial profits. Whether you’re a seasoned trader or just starting out, cryptocurrency trading offers endless possibilities for financial growth and success.

How to start trading crypto currency in Nigeria

 Small-scale Importation Business

Scouring international markets for unique products, negotiating with suppliers, and bringing in goods that people can’t find anywhere else. With 100k, you can start your own small-scale importation business and become a go-to source for specialty items. Whether it’s fashion accessories, gadgets, or home decor, the world is your marketplace. With the right connections and a keen eye for quality, you can build a thriving importation business from the ground up.

How to start a mini-importation business in Nigeria

Popcorn Business idea in Nigeria

Popcorn is a timeless snack that brings joy to people of all ages. With 100k, you can start your own popcorn business and become a staple at events, cinemas, and street corners. Imagine the sound of kernels popping in your trusty popcorn machine, the aroma of buttery goodness filling the air, and the smiles on your customers’ faces as they indulge in your tasty treats. With the right ingredients, equipment, and marketing strategy, your popcorn business can become a local favourite in no time.

How to start a popcorn business in Nigeria

E-commerce Store business ideas in Nigeria

The internet has revolutionised the way we shop, and with 100,000, you can join the e-commerce revolution. Imagine building your own online store or using a platform like QShop, curating a selection of products that appeal to your target audience, and watching as orders roll in from around the country. With the right platform, marketing strategy, and customer service, your e-commerce store can become a thriving hub of online commerce, offering convenience and quality to shoppers everywhere.

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Mobile Phone Repair

Mobile Phone Repair as a

Mobile phones are essential tools in today’s world, but accidents happen. With $100,000, you can start your own mobile phone repair business and become the go-to expert in your community. Imagine diagnosing and fixing common issues like cracked screens and malfunctioning batteries, all while earning a steady income. With the right tools, expertise, and customer service, your mobile phone repair business can become a trusted source for fast and reliable repairs.

Makeup Artist Business idea in Nigeria

Beauty is big business, and with 100k, you can carve out your own niche in the lucrative world of makeup artistry. Imagine wielding your brushes and palettes to create stunning looks for weddings, photo shoots, and special events. With the right training, products, and marketing strategy, your makeup artist business can become a sought-after service in your community, helping people look and feel their best on their most important occasions.

How to start a makeup Artist business in Nigeria

There you have it. 14 lucrative business ideas in Nigeria you can start with 100k or less. So, if you’ve been contemplating starting your own venture but felt limited by budget constraints, let these business ideas in Nigeria inspire you to take the leap. With 100k and a whole lot of determination, the possibilities are endless. Here’s to your entrepreneurial journey and the exciting adventures that lie ahead!

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