Are you brainstorming on small business ideas you can start in Nigeria? Here are ten of the most profitable small business ideas in Nigeria for 2025;
POS Business
- Startup Capital: ₦30,000–₦100,000
- Monthly ROI: ₦50,000–₦200,000
The rise of agency banking in Nigeria has made POS businesses a lucrative venture, especially in areas with limited banking services. The business is very easy to start and you don’t need a large space or capital for it. All you need is to create awareness and you can start gaining commissions on transactions you perform for your customers.
Cleaning services
- Startup Capital: ₦50,000–₦200,000
- Monthly ROI: ₦100,000–₦300,000
Many people, especially those in the busy cities of Nigeria, would gladly employ the service of a cleaner for their homes or offices. In fact, cleaners are now being employed for post construction cleaning services. This is an opportunity that can be explored as the demand keeps increasing.
Digital marketing agency
- Startup Capital: ₦100,000–₦300,000
- Monthly ROI: ₦500,000–₦1 million
With businesses shifting online, there’s a growing demand for digital marketing services, including SEO, social media management, and email marketing. To start, acquire certifications in digital marketing, build a portfolio, network with local businesses to secure clients.
- Advertisement -
E-commerce store
- Startup Capital: ₦100,000–₦500,000
- Monthly ROI: ₦50,000–₦500,000
Nigeria’s ecommerce market is projected to grow significantly, reaching $75 billion by 2025. Starting an online store allows entrepreneurs to tap into this expanding market. You will need to identify a niche market (e.g., fashion, electronics) and utilize platforms like Shopify.
Photography
- Startup Capital: ₦200,000–₦500,000
- Monthly ROI: ₦100,000–₦500,000
Our world today is highly digital. Thus, professional photography services are in high demand. You can turn your creativity and passion into income by covering social events like weddings, birthdays, business events or even sell images online on iStock, Unsplash, or Dreamstime.
Poultry farming
- Startup Capital: ₦300,000–₦1 million
- Monthly ROI: ₦500,000–₦1 million
Chicken and eggs continue to be in consistent demand in Nigeria. This makes poultry farming a lucrative venture. With proper management, you can be getting substantial monthly revenue with a poultry farm of 500–1,000 birds.
Food delivery service
- Startup Capital: ₦200,000–₦500,000
- Monthly ROI: ₦200,000–₦300,000
There are many foods, snacks, drinks e.t.c that are in high demand. Plantain chips, jams, fruit juices, ice cream, yoghurts e.t.c. Having a food delivery platform will meet the demands of customers who want fast and convenient access to their favourite meal.
Laundry and dry cleaning service
- Startup Capital: ₦300,000–₦800,000
- Monthly ROI: ₦400,000–₦600,000
The increasing number of busy professionals in Nigerian cities has also led to a higher demand for laundry services. You can begin by doing door-to-door marketing and as the business grows, invest in quality washing and drying equipment and offer pickup and delivery services while maintaining high hygiene standards.
- Advertisement -
Solar energy installation
- Startup Capital: ₦500,000–₦2 million
- Monthly ROI: ₦500,000–₦2 million
Frequent power outages in Nigeria have increased the demand for alternative energy solutions. Solar energy installation offers a sustainable and profitable business opportunity.
Rental services
- Startup Capital: ₦100,000–₦1 milion
- Monthly ROI: ₦200,000–₦ million
Depending on your financial strength and the scale you envision, you can rent out canopies, chairs, tables, garments e.t.c to people. The best part is that you just have to maintain them. They keep bringing in money.
Market research tips
Before starting any business, it is important and equally wise to conduct thorough market research:
1. Identify Your Target Audience: Understand the demographics, preferences, and purchasing behaviors of your potential customers.
2. Analyze Competitors: Study existing businesses in your chosen industry to identify gaps and opportunities.
3. Assess Market Demand: Use surveys, interviews, and online tools to gauge the demand for your product or service.
4. Develop a Business Plan: Outline your business goals, strategies, financial projections, and marketing plans.
Final thoughts
Registering your business legitimises your operations. After deciding between a sole proprietorship or partnership, register your business with the Corporate Affairs Commission (CAC). Depending on the business type, you may need additional licenses from regulatory bodies like NAFDAC, SON, or FIRS.
