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10 Profitable Business To Start With 100k In Nigeria 2022

Enudi Golden by Enudi Golden
August 5, 2022
in business, Featured, World News
Reading Time: 9 mins read
What good business to start with 100k?, What business can I do with 80k in Nigeria?, Can I start POS business with 100000?, most profitable business in Nigeria with low capital, the cheapest business to start in Nigeria,  daily income business in nigeria , list of daily income business, business with low capital and high profit , Which business has low investment but very large profits?,
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10 Profitable Business To Start With 100k In Nigeria 2022 ..

This is a detailed guide on the best business to start with 100k in Nigeria this year 2022.

We know the year is just getting started and a lot of you are thinking of a good business to start up as a main hustle or side hustle. so read on lets share some mind blowing ideas with  you.

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There are so many business to start with 100k in Nigeria and be successful, but sometimes you may find it difficult to think of such businesses thereby investing your money in the wrong business.

If you are confused about the type of business idea to start with 100,000 naira and be successful, then you are in the right place.

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10 Profitable Business To Start With 100k In Nigeria 2022

So many businesses in Nigeria started small and then grow to what they are today.

Having 100,000 naira to start a business is not the problem, but your ability to grow and expand the business.

Below are the business ideas you can start with 100,000 naira and be successful.

1. Cooking And Delivery Business

Cooking and delivery is a best business to start with 100k in Nigeria. Everybody likes food but not everybody can cook tasty food.

Moreover, nowadays people find it difficult to cook because of their busy schedules. Some families eat processed food which is not good for their health.

If you have the cooking skill and a passion for cooking, you can easily start this business with less than 100,000 naira.

You do not even need to rent a shop for this business, you can cook in your house and deliver it to customers in their homes and offices. You can also cook and sell at a busy junction.

Basic Things You Need To Purchase when starting your cooking and delivery business are:

Read Also : List of Bank Loans in Nigeria without Collateral 2022

  • A gas cooker
  • Pots
  • Pans
  • Plates of different types and sizes
  • Grinder/blender
  • Coolers/stock pots
  • Spoons and forks of different sizes
  • Toothpick/serviettes.

It’s not necessary you buy everything at a time, buy what your money can afford, and subsequently when you start making profits buy the remaining ones.

2. Car Wash Business

In this era, the car wash business is one of the most lucrative businesses anybody can start with 100,000 naira.

Nowadays many people do not have the time to wash their cars, some are stressed after the day’s work and some cannot wash their cars well and the only option they have is to take it to the car wash.

Car wash is a business you can start anywhere there are many cars and adequate water supply.

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The car washing business thrives at every season—the rainy and dry season—in Nigeria, so you won’t have any drawbacks while operating the business.

Moreover, a good location is essential for starting a car wash business. You need to choose a place that is visible to everybody.

If you cannot rent a place, you can go from house to house to wash cars for people. No doubt car wash is a great business to start with 100k in Nigeria and be successfully.

Tools You Need To Start Your Car Wash Business

  • Car wash machine
  • Water supply
  • Storage tank
  • Generator set
  • Bucket, soap/detergent
  • Brushes for tyres
  • Towels, etc.

3. Selling Of Fairly Used Goods Or Clothes

Another business idea you can start with 100,000 naira is selling fairly used goods and clothes.

Most Nigerians buy fairly used items like gadgets, clothes, shoes, household items, etc. You can purchase these items and sell them both online and offline.

Again, with 100,000 naira, you can start selling thrift wear popularly known as okrika. Plenty of people prefer buying Okrika to brand new clothes.

Moreover, the poor economy of the country has made people buy what they can afford and not what they wish to buy.

Where To Buy Okrika Clothes In Lagos are:

  • Balogun Market
  • Yaba market
    Tejuosho
  • Aswani market
  • Oshodi market
  • Katangua market
  • Badagry market, etc.

4. Laundry Business

This is a business idea that is very lucrative, yet easy to start. Nowadays, people are so busy that washing clothes are not on their agenda, and this has created job opportunities for people.

A good location is important to your laundry business. It is advisable to consider locations in open places with less competition where people can see you easily.

Your location should be residential areas, estates, or high-income neighborhoods, and a place you can easily access clean water, etc.
Basic Materials For Starting A Laundry Business

  • Buckets
  • Laundry detergents/soaps
  • Pressing Iron
  • Ironing board
  • Starch
  • Garment conveyor
  • Nylon and tags
  • Power generator
  • Shelves

5. Palm Oil Business

If you are still not satisfied with the business ideas I’ve mentioned above then you need to consider the palm oil business.

The palm oil business is one of the most profitable businesses anyone can do in this era because of its diverse usefulness.

Almost everybody uses palm oil to cook, you can even decide to be exporting it to other countries which would generate much income.

Moreover, palm oil does not have a steady price, you can buy and store palm oil when it is cheap and sell it when it becomes expensive.
Things To Consider When Starting Your Palm Oil Business

Below are the top important things you should consider when starting your palm oil business.

Choose your palm oil business model
Get your storage space and storage tanks.
Get your rubbers
Arrange with suppliers
Decide on transport arrangement
Market and sell your palm oil.

Read Also : List of Jobs That Pay Well Without A Degree

6. Fruit Drink Production And Sales

This is another profitable business to start with 100k in Nigeria, and be successful. A growing number of people prefer freshly squeezed juice without coloring, flavors, and preservatives.

Moreover, people are becoming increasingly aware of the health implication of processed food and drinks, this has made people shun soft drinks to naturally made fruit drinks making this a great business opportunity.

To start this business, there are certain things to do and you will also need a very good location that will enhance sales. Location to sell your fruit drinks options are:

A roadside stand
Shopping mall
Fitness centers
Cafes

You can sell it wholesale to grocery stores or restaurants. Moreover, to start this business, you need to purchase manufacturing equipment. Basic manufacturing equipment includes:

Fruit elevator
Fruit washer
Fruit crusher
Pre-heat machine
Juice extractor, etc.

7. E-payment/POS Business

POS (point of sale) business is a cash-making business that has gained serious popularity.

Some people hate queueing in banks to withdraw money, they prefer using POS that is even closer to them even though they are charged a transaction fee.

With 100,000 naira, you can become a banking agent and own an E-Payment outlet. You can get your POS from the bank.

To become an agent, you would need to go to the bank of your choice and do the necessary registration. After the registration, you would be given a POS machine.

Banks give POS for free but terms and conditions apply. Moreover, banks charge you a certain percentage for every transaction you perform. Learn how to start a POS business in Nigeria.
Banks To Get The POS Machines

Below is a list of some of the banks that gives POS machines in Nigeria.

Zenith Bank,
First Bank,
Access Bank,
Eco bank,
Skye Bank,
Fidelity
Diamond bank, etc.

Each bank has its mode of operation, you just have to go and get details on what is required to get a POS machine.
7. Popcorn Business

Popcorn business is one of those businesses that are yet to be fully tapped. Popcorn business is self-sustaining, it can make someone wealthy over time when there is consistency and dedication.

Read Also: List Of Federal Government Grants To Apply in 2022

Popcorn is a snack gotten from the popping of corn from a heated surface.

Many people love popcorn, therefore you can’t go wrong exploring this business idea.

The business is not stressful, it does not waste time, you can start with a small amount of money, grow and manage it alone at the comfort of your home.

To sell your popcorn very well, you need to target supermarkets, schools, canteen, hotels, stores, eateries, markets, etc.

It is also advisable to position your popcorn machine on a busy road, market, high commercial area, etc for more sales.

Also See: How To Finance A Small Business Idea In Nigeria
Ingredient Needed For Popcorn

The following ingredients are what you need to make Popcorn.

Corn
Sugar
Salt
Vegetable oil
Butter
Flavor
Powdered milk

Items Needed For Popcorn Business

Big bowl
Showcase
Nylon
Popcorn machine
Scooping spoon
Gas cylinder

8. Mini Importation Business

Mini importation business is one of the best profitable business to start with 100k in Nigeria and be successful.

People are making money importing goods from other countries cheap and selling them expensive here in Nigeria.

You just need to do your marketing right if you want to excel in the business.

Before you venture into the mini importation business, you need someone to guide you, and also, you need to start with the products people buy most. You need to do your market survey before ordering any goods.

You can import from China or any other country depending on what you want to sell. Learn how to start a mini importation business in Nigeria.

Things You Can Import Are:

Phones
Travel bags
Earpiece
Clothing’s
Electrical appliances
Grater
Blender
Portable USB best lamp
Jewelry
Wireless phone chargers, etc.

9. Agricultural Business

Presently, the agricultural business is very profitable in Nigeria as farm products are consumed daily.

Before you venture into the agricultural business, you need to have basic knowledge of the area you want to explore.

Also See: How to Apply for Nigeria Youth Investment Fund, Portal Reopens

There are a lot of agricultural business ideas aspiring entrepreneurs can go into with 100,000 naira. These Agricultural business ideas are:

poultry farming,
snail farming,
Vegetable farming
Mushroom farming
Plantain farming
Catfish farming,
Rabbit farming

Read Also : A𝐩𝐩𝐥𝐲 𝐟𝐨𝐫 𝐧𝐞𝐰 𝐂𝐁𝐍 𝐍𝐨𝐧-𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐚𝐧𝐝 𝐂𝐨𝐥𝐥𝐚𝐭𝐞𝐫𝐚𝐥-𝐟𝐫𝐞𝐞 Business Loan

10. Food Stuff Business

Food is one of the basic needs of human beings, and so one cannot survive without it. This makes food stuff business one of the best business to start with 100k in Nigeria and be successful.

Foodstuffs sell very well because of their gross importance in human life. With 100,000 naira, you can start a foodstuff business at any location where people are.

Furthermore, before starting a foodstuff business, you must know the type of raw foodstuffs you want to sell, then you source for suppliers who are farmers.

You can sell them both online and offline depending on the provisions you’ve made for transportation.

Examples of foodstuff to sell are:

  • Rice
  • Beans
  • Corn
  • Garri
  • Potato
  • Cocoyam
  • Crayfish
  • Yam
  • Flours, etc.

10 Profitable Business To Start With 100k In Nigeria 2022

 

 

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Comments 26

  1. Jeremiah Sumaila says:
    1 year ago

    Thanks for your destiny support more grace and blessings

    Reply
    • Enudi Golden says:
      1 year ago

      Your’e welcome! i wish you a productive 2022

      Reply
    • Enudi Golden says:
      1 year ago

      Your’e welcome! i wish you a productive 2022

      Reply
  2. Chidinma says:
    1 year ago

    Enudi Golden, may God bless you richly in Jesus name Amen . Thank you for the information.

    Reply
    • Enudi Golden says:
      1 year ago

      you’re welcome. wish you a productive 2022

      Reply
    • Mrs Hope Ochei says:
      1 year ago

      You are very detailed with the information, and you weren’t stingy with the information. May God bless you,

      Reply
  3. Kazeem Ajibola says:
    1 year ago

    How can we buy from China ?

    Reply
    • Hasn says:
      1 year ago

      This information is concise and clear. For long, I have been thinking of venturing into a business but I have no idea on where to start. Fortunately, this post gives me many options. I really appreciate the author’s dedication in sourcing and writing this rich information. Thank you

      Reply
  4. Jayce says:
    1 year ago

    Thanks for the informations you did well with your researches lady golden keep it up ! Ur an innovative writer and vlog …

    Reply
  5. Soma ketch says:
    1 year ago

    This is good info. Thanks so much.

    Reply
  6. Oluwaseyifunmi says:
    1 year ago

    You are indeed a destiny helper, Enudi Golden. You shall live to fulfill more of God’s purpose for your life, In Jesus Christ mighty Name, Amen.
    Thanks for sharing, Enudi Golden.

    Reply
  7. Ohiorenuan Daniel says:
    1 year ago

    I’m sorry I want to tell u the truth 200k self can’t start a business, not in this our economic, talkless if 100k, the only two reach 200k can start is selling food and pos

    Reply
  8. David Akankpo says:
    1 year ago

    How can I start importing from China and a contact person to partner with.Thanks for your information.

    Reply
  9. Buaza A Daudu says:
    1 year ago

    Lady Enudi Golden , I can see that you don’t just wish people well but you want them to succeed.
    You will go far in life. God bless you real good.

    Reply
  10. Adedokun Omotosho says:
    1 year ago

    Wow! Simply the best thing to read early this year 👍🏾🎯❤️

    Reply
  11. Ephraim Ani Francis says:
    1 year ago

    China contact is what I need thanks for info

    Reply
  12. John ushie Otiribi says:
    1 year ago

    Appreciated 💞

    Reply
  13. Chidinma says:
    1 year ago

    Thanks for the info. More wisdom and God’s blessings

    Reply
  14. Onyekachi says:
    1 year ago

    Thanks so much for helping people get information into the intended business, God bless you, you may not know the much you helped, one day when they start testifying you will get to know the much you’ve helped, therefore keep it up, we need people like you in this country and in the nature of the economy of the nation so much people will stop carrying file all their lives looking for job, they have pick one here and be self employed. Once again thank you.

    Reply
  15. YUSUF ABDULKABIR says:
    1 year ago

    More wisdom, God bless you.

    Reply
  16. Smarty says:
    1 year ago

    Very helpful… Thanks!

    Reply
  17. Ben Onigah says:
    1 year ago

    Thank you so much,but I need a mentor cuz I am interested in any of the above.

    Reply
  18. Austin Adebayo says:
    1 year ago

    AWESOME! GOD BLESS YOU

    Reply
  19. Yewande says:
    1 year ago

    God bless you for this detailed information

    Reply
  20. Ugochukwu Helen says:
    10 months ago

    More grace to your able in Jesus name (Amen)

    Reply
  21. Engr. Chukwudi Godwin Orinya says:
    3 weeks ago

    Remain ever blessed for sharing this detailed information which is transforming lives for the better.
    Thanks for sharing.

    Reply

Leave a Reply Cancel reply

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