Are you in Nigeria? Are you wondering what business idea to start in Nigeria with 100k? This post will outline 13 local business ideas that you can start with less than 100k and still make money in the next year.

Why start a business with a 100k budget?

There are many reasons to start your own business in Nigeria with a budget of 100k. One reason is that Nigeria has a lot of low-income people. Many Nigerians still live on a minimum of 10k per month, working as cleaners in some companies, salesgirls, or gatemen. This means that these low-income earners have a daily budget of about N350.

This is a sad fact for many Nigerians, but it is true that it is very poor. It is amazing to live on such a small amount of money and still manage to save some money. People living on this income level soon realize that they need another source of income. Many would like to know if there are businesses they could start for as little as 50,000 to 100,000 Naira, sometimes even 10k.

You can start some of the businesses in this article with less than 100,000 Naira.

Start a profitable local business with just 100k in Nigeria

#1. Making and Sale of Moi-Moi

Moi-Moi is one the most healthy snacks one can eat. This is a type of food that is often eaten as a snack. Moi-Moi is an alternative to junk food such as Gala and biscuits for those who want to eat healthy.
Moi-Moi can be made and sold to street vendors. This way you don't have to sell it. Moi-Moi is a great business because almost everyone loves it. No matter what, you'll always crave it.
This business can be started at a very affordable price. All you have to do to start your venture is to buy 3 painters beans and all the condiments. You will need to spend less than 100k for this business.


#2 - Production and sale of organic skincare products

Nigerians have a 100k limit that can be used for the production of soaps, creams and cleansers.
Recently, organic products have become a popular topic. Organic products are a popular choice because of their skin-friendly properties. Because most ingredients in skincare products are natural, it is simple to start one. They are inexpensive because they are so plentiful. You will need containers to transport your products. Containers are very inexpensive and easily available on the market.

After you have created your skincare products, it's time to market them online through social media.

#3 -Palm Oil Business

Nigeria's palm oil industry is a highly lucrative one. All you have to do is find palm oil millers in your area and purchase the palm oil in gallons. You can buy palm oil in large quantities at wholesale prices and cheaper if you purchase it in gallons. Then, you can package the oil in small water containers and sell it in the city for a higher price.

#4 - Laundry services
Laundrymen are still preferred by many people, especially those with expensive clothes or thick clothes like jeans. If they don't have time or don’t like washing their clothes, they believe only laundrymen can wash them.

These people will patronize you business, regardless of your situation.

Good washer, dryer, hangers and plastic bags to pack laundry detergents etc. are essential. Start a laundry business by purchasing a washing machine.

You can start your own business. It is easy to start a business from your home.

#5: Business of Phone Charging
Nigeria isn't able to provide electricity at all times and many people don't have the means to pay for generators. People look for charging stations to charge their phones.

You should locate your business in an area that has access to alternative power sources like solar power or generator sets.

This business needs a generator, large wooden board with many power sockets and a small container or store.

#6: Selling used clothing or bags
Many Nigerians wear used clothes because they are less expensive and more affordable.

A brand-new Jean costs N5,000-N8,000, whereas a used Jean costs N800-N1,500. Many people will choose the first, even though some clothes may still be of "first-grade" standard.

All you have to do is find someone in the industry and ask about joining them. If they are not available, you can track them down.

#7 Fashion Accessories and Jewelry
The jewelry business is extremely popular and lucrative. There are many pieces of jewellery that can be purchased wholesale. However, they look stunning enough to sell at twice the price.

Start with the most affordable, beautiful jewelry and accessories and move up to more expensive items such as gold, if necessary.

#8 - Hair Stylist
Hairdressing can be very lucrative as many women look for the best places to style and cut their hair.

A shop can be rented for as low as N40,000. You could also find a stylist to work with you.

Personal tools such as combs and oils and conditioners, towels and other items are all you need.

#9 - Phone Accessories Company
You can start a phone accessories business within your budget. This business does not require you to purchase a variety of accessories. However, it might take more capital to get started. You can choose to concentrate on one accessory, such as phone pouches.

Phone pouches in beautiful designs can be purchased for popular brands of phones in Nigeria. You can then sell them to customers. You can order accessories for your phone online through Aliexpress or Alibaba.

#10. Poultry farming
Because of the high demand for white meat, poultry farming has been a profitable business in Nigeria. You can purchase 30 broilers, 2 bags feed, and some medication for as low as N100,000. You will need to have enough space and shelter to raise your birds.


To see more business ideas you can start with 100k in Nigeria, visit https://ideahub.com.ng/business-to-start-with-100k-in-nigeria/

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Nice write up..

Papa12:
Nice write up..

Thank you

I have an idea too! I am confident that this business will work in any country in the world. Open your online store with goods that are in demand in your country and you will always make a profit. Firstly, online shopping is more convenient than usual. You can buy everything you need without leaving your home. Secondly, now Covid-19 and therefore many people do not have the opportunity to leave home to go shopping. See here https://www.codica.com/blog/how-much-does-it-cost-to-build-marketplace-website/ how much it will cost to open an online sales platform. As for me, this is really not expensive, but it can bring real profit.