What Business Should I Start With ₦100k in Nigeria? (15 Profitable Ideas)

Starting a business in Nigeria no longer requires millions of naira. With ₦100,000 or less, you can start a profitable business that generates steady income, if you choose wisely.

The secret is not the amount of money you have, but the type of business you start, how fast money rotates, and how well it fits Nigeria’s market realities.

In this guide, you’ll discover tested business ideas you can start with ₦100k in Nigeria, including daily-income options, online businesses, and low-risk ideas suitable for beginners.

What to Look for When Starting a ₦100k Business

Before choosing any business, make sure it has:

• Fast turnover (money comes back quickly)

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• Low operating cost

• High demand in Nigeria

• Simple entry barrier

Avoid businesses that require heavy rent, complex licensing, or long waiting periods before profit.

1. POS (Point of Sale) Business

Startup Capital: ₦70k – ₦100k
Daily Income: ₦3k – ₦10k+

POS business remains one of the fastest-paying businesses in Nigeria. With the rise of cashless transactions and limited bank branches in many areas, POS agents are in high demand.

You’ll need:

• POS machine

• Float money

• Umbrella or kiosk (optional)

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💡 Best locations: busy streets, markets, motor parks.

2. Food Vending (Small Chops or Local Meals)

Startup Capital: ₦50k – ₦100k
Daily Income: ₦5k – ₦15k

Selling food is recession-proof in Nigeria. You can start with:

• Rice and stew

• Akara and pap

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• Shawarma (small scale)

• Small chops

Start small, reinvest profits, and grow gradually.

3. Mini Importation (WhatsApp & Instagram Sales)

Startup Capital: ₦50k – ₦100k
Monthly Profit: ₦30k – ₦150k

Buy low-cost items like:

• Wristwatches

• Phone accessories

• Smart gadgets

• Fashion items

Sell via WhatsApp status, Facebook Marketplace, and Instagram. No shop required.

4. Phone Accessories Business

Startup Capital: ₦80k – ₦100k
Daily Income: ₦3k – ₦8k

Items to sell:

• Chargers

• Earphones

• Screen guards

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• Phone cases

This business works well near schools, offices, and busy roads.

5. Laundry (Home-Based)

Startup Capital: ₦60k – ₦100k
Weekly Income: ₦10k – ₦30k

Start with:

• Buckets

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• Washing soap

• Iron

• Extension cable

You can later upgrade to a washing machine as profit grows.

6. Online Freelancing (Skills-Based)

Startup Capital: ₦20k – ₦50k
Monthly Income: Unlimited

If you have skills like:

• Writing

• Graphic design

• Video editing

• Social media management

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You can start freelancing with just a smartphone or laptop and internet subscription.

Related Topics You Can Read:

• 20 Lucrative Businesses in Nigeria (Low Capital & High Profit Ideas)

• Daily Income Businesses in Nigeria

• Most Successful Small Business Ideas in Nigeria (Even If You’re Just Starting)

• Hidden Business Opportunities in Nigeria

• Business Ideas for Women in Nigeria

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7. Hair Braiding or Barbing (Home Service)

Startup Capital: ₦50k – ₦100k
Daily Income: ₦3k – ₦10k

This business works especially well for:

• Ladies (braiding, wig revamping)

• Guys (home barbing service)

You don’t need a shop initially—start from home or visit clients.

8. Thrift (Okrika) Clothing Business

Startup Capital: ₦50k – ₦100k
Weekly Profit: ₦15k – ₦40k

Buy carefully selected bales or grade clothes and resell online or offline.

Instagram, WhatsApp status, and thrift pop-ups work very well.

9. Snail Farming (Small Scale)

Startup Capital: ₦50k – ₦100k
Profit Timeline: 4–6 months

Snail farming requires little space and maintenance. Demand is high in hotels and restaurants.

This is ideal if you want a quiet side business.

10. Recharge Card & Data Reselling

Startup Capital: ₦30k – ₦100k
Daily Income: ₦2k – ₦5k

You can combine this with POS business or run it fully online.

Use VTU platforms to sell:

• Airtime

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• Data

• Cable subscriptions

11. Baking (Small-Scale)

Startup Capital: ₦70k – ₦100k
Profit: Depends on orders

Start with:

• Cakes

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• Cupcakes

• Small event snacks

Promote on WhatsApp and through referrals.

12. Cleaning Services (Home & Office)

Startup Capital: ₦50k – ₦100k
Per Job: ₦10k – ₦50k

Buy basic tools:

• Buckets

• Mops

• Detergents

Target short-let apartments, offices, and homes.

13. Digital Products Reselling

Startup Capital: ₦20k – ₦50k
Profit Margin: Very high

Resell:

• E-books

• Online courses

• Design templates

You earn commissions without creating products yourself.

14. Soap or Detergent Production

Startup Capital: ₦50k – ₦100k
Market: Homes, hostels, hotels

Liquid soap, disinfectants, and detergents sell daily and are easy to learn.

15. Blogging or Niche Website (Long-Term)

Startup Capital: ₦70k – ₦100k
Income Timeline: 3–6 months

If you’re patient, blogging can turn ₦100k into a long-term income asset through ads, affiliate marketing, and services.

Which ₦100k Business Is Best for You?

Final Advice: Start Small, Think Big

Don’t wait to have everything figured out. Many successful businesses in Nigeria today started with less than ₦100k.

Start with:

• One idea

• One location

• One strategy

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Then reinvest your profits.