There are so many startup busines ideas in Nigeria that can generate a whole lot of income you may like to start in 2021.
Maybe you are looking for a full-time business idea to start in Nigeria as an individual or you just want to have multiple streams of income then look no further, you are at the right place.
In Nigeria, There are more than 1000 business ideas that can fetch you plenty of money but in this article, we have compiled the list of business ideas in Nigeria that are very lucrative that you can go into and make a lot of money from it.
One of The 1st things to do before you venture into any business in Nigeria is to at least have an idea of what kind of business to start. Then putting such idea to work could make you become a multi-millionaire if you do it well.
If you have plans of starting any lucrative business in Nigeria, the best time to do it is right at this moment.
If you’re a student who wants to venture into a business when it’s holidays or Maybe strikes, or you are just an individual looking for another source of income, a full-time housewife who wants to make money from home? then this is the right time to go into a very lucrative business with small capital.
This article has been tailored for people
- who is searching for startup business ideas
- that wants to have numerous streams of income in Nigeria.
- that want to go into business and make lots of profits .
- who are employed but want to set up a business from the scratch.
- who wants to put their business ideas into work.
- Students who want to make money by the side while schooling
Right now I know you can’t wait to see the list of these lucrative business ideas but before you scroll down, I will like you to bookmark this page.
Listed below is examples of some startup business one can start In Nigeria with small capital and make a huge profit from it.
Top 10 Lucrative Business Ideas in Nigeria (2021 Full List)
1. Real Estate Business
Real estate tycoon Robert Kiyosaki once said and I quote
“Real estate business is the one to take”.
Do you know why?
In this business, you can make money at any time and any day even when you are fast asleep.
It is the dream of every entrepreneur to retire one day and be financially free and this can only be possible if you build a passive income in the real estate business.
2.Buying And Selling Mobile Phone Accessories
Buying and Selling Mobile phone Accessories is a very lucrative and profitable business in this part of the world.
The number of mobile phone users in Nigeria, according to Statista is expected to exceed 140 million in 2025
Every now and then, these phones owners are likely to need these mobile phone accessories.
This is why the Sales of Mobile Phone accessories is a very good idea.
Common Accessories that are very high in demand include, memory cards,
earpieces,airpod, batteries, battery chargers, pouches, screen guards, etc.
To get started, you can easily partner with wholesalers at Computer Village (Lagos State) for your supplies or you can place your orders from online stores.
Phone Accessories business is one business that can easily help you start an online importation.
3.Egg Supply and Distribution business
Eggs and distribution is a business you can start with a small capital and make a huge Profit, with this business you can also own a poultry farm which can make things much easier for yourself.
You can supply eggs to food Vendors, Caterers, Retailers, individuals, etc.
The egg is a high source of animal protein and it is consumed daily by almost everyone.
Aside from this, eggs can be used for manufacturing household and beauty products like cosmetics, confectioneries, hair conditioners, cosmetics, shampoo, glue, and even face masks, etc.
This is why egg supply and distribution is a very lucrative business idea to venture into in Nigeria and make money this 2021.
While you build your customer base, this business will boom and you will make plenty of profit.
4.Cake & Pastries
In today’s society, we can all agree that events are the order of the day – ranging from weddings, naming ceremonies to birthdays, end of the year parties, and anniversaries
This right here brings massive opportunities to the baking industry at large.
If you are a skilled Baker, you can make so much money by selling your cakes at these events.
Beyond every reasonable doubt, baking is a very lucrative business that you can start with small capital in 2021
Yes, You can start on a very small scale by baking and decorating these cakes from the comfort of your kitchen at home.
One of the best ways to market your cake as a baker is by sending samples of your work to potential clients and explaining your services to them. You can also post beautiful pictures of your cakes on top social media platforms like Instagram and Facebook and get more customers.
5. Car Wash Business
A car wash will always be on the increase because this is Profitable business anyone can start irrespective of your age.
Most car owners don’t have time to wash their cars due to the nature of their businesses or work schedule. They rely on Car washers to wash their cars. Now you understand why the business is very lucrative
To start a car wash business, all you need is to rent your space with good roads, mostly by the roadside with a running source of water.
You can also spice things up by setting up a TV by the side to entertain your waiting customers as you wash their cars. An average car washer makes up to 5000 to 10000 naira on a daily by just washing cars
6.Fashion and Design/ Tailoring
This is another skill that you can turn into a business idea
If you acquire this skill, just know you are ready to cash out big time and
These days tailoring has become even more lucrative than it has ever been
A lot of people love sewing clothes in Nigeria and tailors are the ones who get
the job done. As a tailor or fashion designer, you can find clients on social media by advertising your handwork to them. If you consider this a business idea you want to venture into but you don’t have the skills, you can apply to learn the skill and become a professional at it.
7.Iceblock Production and Sale
Most times When people think of start-up business ideas, Ice Block Production is what comes to mind and this could be because of the Climate state of Nigeria coupled with the sun that makes everywhere hot.
Anyways it’s a very Profitable business and Can be started with a small capital which can fetch you plenty of profit.
Starting this business is pretty easy. All you’ll be needing is a good Refrigerator, Power supply, and water which will become ice when frozen.
Considering the state of Power supply in Nigeria, people need electricity to preserve food items like soups most especially beverages and drinking water.
Now just imagine making money from just water. Amazing right?
Of course yes , because water has been transformed into a solid-state which is iceblock and it’s now used for a different purpose.
Blogging is one business, that makes you a boss instantly, you get to work anytime, anywhere from the comfort of your home.
What you need is a niche that you are passionate about and start creating content around it.
To start a blog in Nigeria, you need a domain name, a good laptop, a strong internet connection and you are on your way to being a blogger.
The dream of every blogger is to have their site appear on search engines like Google without having to promote their blog every time.
This is why you need to acquire a top digital marketing skill like SEO or you can just hire a professional in the field to get the job done for you.
To get started, you can build your a free blog on wix, blogger or WordPress or you can use a self-hosted server..
After hosting, start publishing quality content, drive organic traffic to your site, gain the trust and confidence of your visitors, monetize your blog with Google AdSense, affiliate marketing or sell products and knowledge inform of Ebooks, etc.
9. Mobile Food Business
Have you ever wondered what could be the fastest-selling product in the market? Food is an essential need of every human.
Whether rich or poor, whichever class they belong everybody needs food to stay alive and healthy. This is why the food Business is the of the most lucrative and Profitable businesses ever.
There are people who don’t cook at home, especially bachelors and extremely busy personalities, they’ll always need the service of a food vendor.
They order from these mobile food vendors and get it delivered at their doorstep or any location of their choice.
People eat every day and junk food is not an option to be considered.
If you consider being a Mobile food Vendor, It is highly advisable to be unique, have a niche, and focus on it, try to be good at it then you’ll get quality customers that will recommend you to others.
You can also use top social media platforms like Facebook, Instagram, Twitter to promote your business and get more customers.
Over the years Fitness has become a great source of income and so many Nigerians has ventured into this line of business.
If you’re a health enthusiast, you can look towards starting a gym business in Nigeria.
Starting up a gym business can be capital intensive but if you have enough money to set it up, you can make so much profit from it
Starting up a lucrative business and succeeding in it is the dream of everyone but your determination to succeed is what will make you succeed.
Before starting any kind of business either as a side hustle or a full-time business you should consider some important factors like government policies, economic factors, and the business’s geographical location.
To make the best decision on this, a lot of research has to be carried out to ensure everything goes well.
Good luck to everyone looking forward to starting a business today.