Top 10 Small Business Ideas in Nigeria


Today we are going to dive in to the nook and crannies of the top 10 small business ideas in Nigeria. Usually, people start small before developing into something great in order to start a profitable business. 

A business you start and maintain has a great chance of making you a whole  lot of money. 

We will present some of the best top 10 small business ideas in this article to help you decide what you want to do, and the best way to do it. 

Follow our advice and you will be wealthy in no time! 

A lot of potential Nigerian entrepreneurs want to start a business in their own country and search for the most successful small business ideas in Nigeria. There are actually a lot of lucrative ideas you can explore. To find a niche that suits you, you may need to dig deeper and put more effort into your research.

Tips to consider when drafting a small business ideas in Nigeria

Be a solution:

Instead of focusing on what you want to sell, consider what problem you want to address. When your company is solving an issue, it's much simpler to build a strong client base. Your small business idea should fill in a gap in a particular market or niche.

Focus on why you're starting your own company. Understanding your motivations will assist you in developing a brand and marketing your business. Understand the issues that your target consumers experience and how you might help them.

Make it simple:

If you're like most entrepreneurs, you've come up with a company concept and are ready to put it into action. Keep in mind that your notion should not become overly complex. You could wind up with an overpriced, complicated final product that no one wants to buy.

Start small and restrict your focus as a new business owner. Learn how to put your company concept to the test. Make a straightforward, high-quality product or service. Customers should be able to count on a successful company concept to deliver on its promises and to surpass their expectations.

Remove elements that detract off your services and cost you money. You don't need all the bells and whistles of a large organization as a small business firm. As your company expands, it will be easy to add to it.

Here are the top 10 small business ideas to start in Nigeria

You can start one from these top 10 small  business ideas with average capital and make a profit! Learn what are the best businesses to start with little money, and try one out for yourself. 

1. Livestock farming 


Among the fastest-growing businesses in Nigeria is livestock farming. It is an industry whose full potential is yet to be explored. It is possible to start a livestock farm even in your backyard, as long as you understand how to operate the equipment and take care of the animals. This business requires patience, knowledge, and experience. Among the niches that you can explore are catfish farming, poultry farming, cattle grazing, goat rearing, snail farming, and among others.

2. Agricultural products exportation


Nigeria is a country rich in natural resources as well as high-quality cuisine, agricultural products exportation is one of the top 10 small business ideas in nigeria you can venture into. If you register with the Export Promotion Council of Nigeria and select the specific product which is  ideal for exporting, you may start your own exportation business. Cassava flakes, cocoa, yam flour, groundnut, chili pepper, cashew nuts, mango, and a variety of other items are in high demand overseas. You can stay at the local level and sell your products on the Nigerian territory if you don't want to become engaged in exporting agro-production or don't have the cash to do so. Buying and reselling palm oil may make you a lot of money.

3. Mining


When it comes to natural resources, Nigeria is a very active country. Coal, iron ore, limestone, bitumen, and other minerals are particularly abundant in our nation. Nigeria's mining industry is expanding. The mining industry is also supported by the government. However sarting a small mining business in Nigeria will sure pay your bills if done properly.You might try your luck in this area if you have a solid, trustworthy staff as well as financial resources.

4. Sewing uniform


If sewing clothes is a hobby that you enjoy and would be willing to do for a living, this is one of the top 10 small business ideas in Nigeria to look into. Every state has a large number of schools, and all of them require uniforms for their students. Furthermore, many corporate organizations have employees who wear uniforms, such as security personnel. And that's not all: uniforms are required by various military organizations, and because they employ a large number of people, they are constantly in need of new ones. As a result, you can volunteer to sew uniforms for people and organizations who require them. You can market yourself as a uniform supplier and make a lot of money from it.

5. A writing consultation firm/company


Excellent writing is in demand these days, and you can earn money by doing freelance writing. You won't even require any initial capital to begin your journey; all you'll need is the ability and desire to succeed.

You can either look for orders online or write to a company that needs your texts. The main advantage of this job is that you won't have to go to the office or do any hard work – you can do it from the comfort of your own home, with a cup of coffee. You can later hire other writers and start your own company as your business grows. Writing content, especially high-quality content, is in high demand these days, and it's usually difficult to find writers willing to put their lives on the line for this job. This is a useful small  business idea for you if you have a good skill and a way with words.

6. A call center company:


Because there are so many people who need guidance, advice, or want to complain about services, the call center business is very popular. As a result, you can start a call center agency and work for large corporations on a contract basis.

This business will also not require a large amount of start-up capital unless you want to hire more employees later on as your company grows.

7. Recruiting firm:


Unemployment is an issue in Nigeria, and many individuals are looking for work in desperate ways. This is one of the top 10 small business idea in Nigeria which some people underates. You can work as a recruiting agent, assisting people in finding the employment of their dreams. All you have to do is work with various businesses and recruit employees for them.

As you generate more and more money, your recruiting firm may grow and develop. You must be skilled at identifying the proper individuals for certain positions in order to succeed.

8. Repairing mobile phones:


If you have the patience to learn how to repair and maintain mobile phones, this is a lucrative business opportunity in Nigeria alone. You can even start a phone repair and maintenance business for less than N50,000.

All you need to get started is some training, a laptop, software tools, and some common household equipment (such as a screwdriver, soldering iron, brush, battery tester, and so on) as well as some marketing to let people know what you do. You'll also need to establish strong ties with top accessory sellers. A repair kit may be purchased for as little as N5,000 from any ecommerce retailer. Simply make a payment with your debit cards, and you're good to go.

9. Information Marketing:


This is another internet-based company that has helped individuals in Nigeria escape poverty. Do you know something that others don't, or do you know anything that others know but can convey in a different way, or do you know someone who knows something that others don't?

You might make money by putting the material into a report, an ebook, a video, or an audio file and selling it online. Note that you do not have to create it yourself because there are several tools available online to assist you. You may hire someone to write it for you on Fiverr, acquire books with master resell rights or private label rights, rework and rename them, and sell them.

10. Clothing importation:


Clothing importation i would say is the most profitable on this list of top 10 small business ideas in Nigeria, why because this is one of the best lucrative business to start with a very low capital.

Clothing is definitely one of the most fundamental necessities of any individual, since we use it every day and are always in need of new ones. Many individuals enjoy not only wearing clothes but also acquiring nice accessories to go with them. Clothing still has a market, especially when it is fashionable and reasonably priced. You may start a small company selling clothing to customers.

Clothing can be imported from China, India, France, Italy, and a variety of other nations. Because of the difficult economy in Nigeria, there is a tendency of buying recycled garments, so keep that in mind while you go about your business.

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