To start a business in Nigeria, many has the mentality that you need a very huge amount of money and this mentality has limited the thought process and actions of people, and many has been restricted only to their jobs, immediate social circles, and how they however accept anything life throws at them.



Many has this challenge of starting a business because they believe that the costs of starting and running a successful business is very high but they forget that success comes in variations, and that small wins are the steps needed to drive any business towards its short and long-term goals.

If you have been worrying so much about how much it costs to start and grow a business, here is a listing of low cost business ideas you can start with 100,000 Naira or less in Nigeria :

1. Snail Farming
Snail farming in Nigeria is one of the most lucrative agricultural business ideas for young entrepreneurs in Nigeria. Snail farming is a practical and viable business venture that is yet to be fully explored in Nigeria and the rest of Africa. So why then do you think snail farming is important?

Snail farming business

The market opportunity for snail farming in Nigeria and in Africa is huge but grossly underrated. Snails are a huge part of the diet in many parts of Africa, although they are not always affordable and available all year round. If you rear snail in commercial quantity, hotels, and fast food restaurants will be your regular customers.

In Nigeria, the prices of raw, matured snails go for N250 to N600 depending on the size. However, the annual demand for snail in Nigeria is about 7.5million kg annually. The international trade in snails is flourishing in Europe and North America. The United State America imports more than $4million worth of snails annually from all over the world, including Nigeria.

For many years now, snails handpicked from the farm or bush has been the only way to get snails to the market and dinner table. Currently, the demand for snail is higher than the supplies, an indication that the market potential of snail is inexhaustible, locally and internationally. Starting both small and large scale snail farming businesses in the only way to fill up the spaces between the demand for snail and its supply in Africa.

2. Sales Of Mobile Phones Accessories
One great low cost business idea with a large revenue potential is the sale of mobile phone accessories.

So many people buy power banks, headphones, batteries, phone pouches, phone chargers, and more on a regular basis. The volume of phone accessories sold daily trumps the volume of mobile phones sold by an extremely wide margin.

Mobile phone sales

This frantic demand hasn’t just made it a great business opportunity for the populace to get into, but an affordable one to start from as low as 100,000 Naira and below.

With a small stand at a public tech hub like the computer village in Lagos, you can start a mobile phone accessory business.

3. Poultry Farming
Poultry farming business is one of the most lucrative agricultural businesses anyone can get into. This is one business that can be done on a small-scale and on a large-scale. If you start this business on a small-scale, if well-managed, you can grow the business into a multi-million-dollar business and create jobs and foreign exchange.

Poultry business

Everyday people consume poultry products like chicken, turkey and eggs at home, restaurants, eatery, hotels, fast food centers and at events. This gives you an idea of how large the market for poultry products is.

4. Production of Plantain Chips
Looking for a business you can start with a very low capital, without expensive or sophisticated production equipment? Looking for a business you can start from the comfort of your home, and which has a ready and large market? I would recommend plantain chips production and sales business to you.



This is a business you can do if you are unemployed and even if you are employed, you can do this business part-time and have additional income. You can employ people to run the business for you. If you don’t have funds to rent a business office, you can start this business from the comfort of your home. With as low as N50,000 you can start this business.

5. Perfumes And Liquid Soap Production
This is one of the most profitable and highly demanded in the market.The materials needed to make liquid soaps are readily available, the business can be started with a very small capital, as the raw materials are cheap to buy.



Liquid soap is easy to produce and you can start the business from home and above all, most people like liquid soap because it dissolves fast in water and aids easier washing when compared to solid detergents. You can generate streams of income from liquid soap production.

6. Web Development And Consultancy
Web design and development consultancy services cost almost zero dollars to start up if the founders have good programming skills.





If you have a knack to learn new things and are largely tech savvy, you could spend two months learning how to code, building sample works, and then officially launching a web development coy.

All these can be done for less than 10,000 Naira.

7. Sales Of Farley Used Clothes
Second hand wears are called okrika in Nigeria. These may include; shirts, trouser, pants, bags, blouses, gowns, belts, shoes, bra etc.



There is okrika for adults and babies even though some people claim that selling babies clothing is more lucrative than adult wears, but I think they have equal chances making more profits, depending on how much effort, creativity and marketing you put into it.

Read more : https://etiketa.com.ng/small-scale-business-ideas-can-start-100000-naira-less-nigeria/