13 Profitable Business Ideas You Can Start in Nigeria With 100,000 Naira or Less

Tired of hearing that starting a business in Nigeria means needing millions of naira? Many folks dream big but hold back because they think cash is king. The truth hits hard: you can launch something solid with just 100,000 naira or even less. These ideas work because they tap into real needs around you, like busy parents or health buffs. Some involve selling items you touch, while others let you hustle from your phone. Stick around, and by the end, you'll spot at least one idea that fits your life and could bring steady cash.

Section 1: High-Margin Product Businesses Requiring Minimal Stock Investment

Grab low-cost items from markets and flip them for quick profit. These setups need little upfront buy-in. You build from there.

Jewelry Reselling: Mastering Presentation and Sourcing

Head to spots like Balogun or Idumota markets in Lagos for cheap gems and accessories. A necklace might cost 1,000 to 2,000 naira there, but online, it sells for 8,000 to 12,000. The gap comes from smart tweaks.

Pack items in cute boxes or bags to boost appeal. Snap clear photos and short videos to post on Instagram. Even better, visit markets with your phone. Take pics of shiny pieces without buying first. Share them online, and when orders roll in, grab the stock fast.

Your 100k covers a full bag of basics. Sell to friends at work or in your area. Mix high-end looks with affordable ones. Women love variety, and good looks don't break the bank every time.

Children’s Wear Retail: Tapping into Consistent Parental Spending

Kids outgrow clothes fast, so parents buy often. A pair of shoes lasts maybe five months. This keeps demand high and your sales rolling.

Find wholesale spots for shirts, dresses, and shoes at low prices. No need for a shop yet. Carry samples door-to-door in your estate or church.

Post pics on WhatsApp status or social media. Link up with local daycares or schools. Parents there grab deals quick. Start small, and watch orders grow as word spreads. Your capital buys starter stock, enough to test the waters.

Egg Retailing: Building Reliable Household Supply Chains

Eggs fly off shelves in homes with kids or small eateries. Families use them for breakfasts and bakes. Steady need means steady income.

Link with nearby poultry farms for cheap crates. Skip middlemen to keep costs down. One crate might run 1,500 naira at source, reselling for more per dozen.

Target one estate first. Knock on doors and offer fresh drops. Build trust by showing up on time. Soon, you'll supply five or ten crates per house. Handle with care, but the volume pays off big.

Section 2: Service-Based Businesses Leveraging Existing Skills and Space

Use what you have, like your home or talents. Parents and pros need help now. Jump in with low risk.

Daycare Services: Capitalizing on Childcare Demand

Working parents scramble for safe spots, especially after school or holidays. Supply lags behind. Your home can fill that gap.

Clear space and add kid-friendly touches like toys or mats. Chat with neighbors or church folks. They trust you more than strangers.

Keep kids busy with games and stories. Happy children mean repeat visits. Get basic safety tips or certs to ease worries. Charge per hour or day, and use 100k for extras like a small van for pickups. It grows from your street outward.

Wig Making and Hair Servicing: The Unmet Demand for Skilled Labor

Hair sellers stack up, but skilled wig makers stay short. Customers pay 50k for a front lace online. At markets, materials cost 5k, and labor adds the rest.

Learn the skill via quick classes or YouTube. Practice on cheap bundles first. Partner with shops in places like Trade Fair.

Align with vendors who need extra hands. They send hair, you fix it, they pay fees. Or set up in open markets. Word spreads fast when results shine. No big stock needed—just your hands and tools from your budget.

Small-Scale Event Planning: Coordinating Joy on a Budget

Nigerians love parties, from birthdays to office bashes. Start with small gigs like naming ceremonies. No huge funds required.

Help friends or family first to build proof. Handle vendor calls and setup. Your eye for detail saves them stress.

Collect contacts for decorators and caterers. Bargain group rates to offer clients deals. Charge a flat fee per event. Niche in kids' parties for less chaos. End-of-year rush brings more work your way.

Section 3: Leveraging Online Platforms and Modern Logistics

Apps and rides make these easy. No big gear needed. Connect buyers and sellers smooth.

Delivery Services: The Third-Party Broker Model

Business owners hate late drops or lost goods. Step in as the fixer. Use apps like Uber or Bolt for rides.

One guy I knew started with buses and walks. He served my hair sales and others. Now he might run a full crew.

Quote clients a bit over app fees. Send the driver, pocket the cut. Pitch to small shops in your circle. They dodge rider drama. Hit trade fairs too—vendors need on-site runners for far buyers. Reliability wins big.

Thrift Business Specialization: Moving Beyond Bulk Buying

Okrika clothes sell everywhere, but stand out by picking one type. Think blazers for office pros or gym sets for fitness fans.

Skip full bales with 100k. Select clean pieces from Yaba or Arena markets. Buy at 500, sell at 3k.

Iron everything crisp. Shoot pro pics to show quality. Post on Instagram with your niche tag. Build a rep for sharp, ready-to-wear finds. Clients return for the focus.

Fresh Juice and Meal Prep Supply: Partnering with the Fitness Community

Fit folks crave quick healthy drinks but skip the prep. Mornings rush leaves no time. You deliver fresh vibes.

Buy fruits cheap from markets. Blend on-site or prep packs. No sugar sells—prove it's pure.

Team with gym owners or influencers. Drop samples to hook members. Supply small eateries too. Start with your network, post menus daily. Health trends boom, so your spot grows fast.

Section 4: High-Potential Digital and Content-Driven Ventures

Phone or laptop does the work. Skills beat cash here. Demand surges from creators.

Social Media Management: Teaching to Attract Clients

Vendors flood pages but lack time for posts. You handle the glow-up. Businesses beg for help.

Share free tips on growing Instagram first. Post stories or reels with hacks. Clients spot your smarts and reach out.

Craft simple pitches: "I'll post daily, engage fans, boost sales." Charge monthly. Start with local shops. No gear beyond your device—pure hustle.

Video Editing Services: Meeting Content Creator Demand

YouTubers shoot tons but hate cuts. They pay well to outsource. One edit might fetch 10k or more.

Learn free on YouTube with tools like CapCut. Practice on sample clips.

Pitch to new creators: bulk deals for four videos or monthly packs. I outsource mine before work rushes. Structure retainers for steady pay. Your 100k covers pro software if needed.

Section 5: Unique Business Models for High Returns

These twist common ideas for edge. Low buy-in, high flip.

Declutter Warehouse Flipping: Accessing Near-New Inventory

Warehouses dump goods from abroad—new microwaves, clothes, furniture cheap. Owners clear space fast.

Visit Lagos spots and snap pics of stock. Post online with markups. No upfront buy.

When a buyer pays, grab the item. Keep the spread. Build ties for first dibs. Pages waiting for discards miss this gold.

Food Supply and Office Catering: The Unsexy, Reliable Hustle

Offices need cheap lunches, but not all staff afford fancy. Become the go-to dropper.

Link with spots like Yakoyo for bulk buys. No cooking yourself at first.

Make WhatsApp groups per office. Post daily menus, collect orders. Deliver to 10 staff, then 100. One building alone pays bills. Steady and simple.

Conclusion: Your First Step into Nigerian Entrepreneurship

These 13 ideas prove you don't need millions to start in Nigeria. Pick from jewelry flips to video edits—physical or digital, all fit under 100k. Focus on niches, build trust, and scale smart.

Key wins: source cheap, present sharp, connect local. Parents spend on kids, offices on food, creators on edits. Action beats dreams.

Choose one today. Research your first step, like market visits or skill lessons. Share in comments which sparks you. Start small, grow big—your hustle awaits.