7 Top Small Businesses To Consider In Nigeria

In this post, we outline the best small scale business ideas. Some of them can be started with very little capital. It covers ideas that can help you make money online and offline. The best part? You can operate many of these business ideas from the comfort of your home!

1. Cosmetics Production Business

If you love beauty, then going into the cosmetics business will be your best bet. For you to do well in this business in Nigeria, you will need to engage in some deep research.Why is this important? This is because you will need to learn new things about the cosmetics industry that will keep you up to date, creative and innovative in business.

2. Tomato Farming Business

Agriculture offers one of the best cash chain investment in Nigeria today. This business is rewarding, and at the same time, not expensive to start up. However, before you start the tomatoes business in Nigeria, you’ll need to find out what type of tomatoes are in demand. This information can be gotten from those who supply seeds, as they will be able to inform you better on popular demand. Also, they will let you know the varieties that are patronized best. You will also need to ensure that the seeds you finally pick will grow well.

3. Gym Business

Fitness has always been a source of concern, and Nigerians have also caught the bug. This is because of the high rate of cancer that continues to ravage people. If you are a fitness and health enthusiast, then you can look towards starting a gym-related business in Nigeria. You will need to have enough finance to equip your gym centre.

5. Sale of Mobile Phone Accessories

This is a very lucrative business in Nigeria today. With as little as N50,000 saved using a platform like PiggyVest, you are good to go. While you will do well by renting space if you have the money, this business can also be done in mobile fashion i.e. by carrying your products to places they are needed. In this case, you have to first identify your market and feed them with their needs. You can even partner with companies like this Samsung online store in Nigeria for easy market penetration.What drives this business is the rapid growth in the use of mobile phones in Nigeria. Nigeria has an estimated population of 180 million people. There are more than 160 million connected through their mobile phone line. Accessories that are common in demand include batteries, memory cards, battery chargers, earpieces, screen guards, pouches, etc. You can get supplies from Computer Village (Lagos) or online stores. Phone Accessories business is one sure way of getting into online importation. Also, you could make your business stand out by venturing into mobile phone insurance. This has proven to improve the confidence of customers in your products.

6. Mobile Phone Repairs

This is a business idea that will fetch you good money if you are patient to learn how to repair and maintain mobile phones. With less than N50,000 you can start a phone repair and maintenance business in Nigeria. All you need to start is a little training, a laptop, software tools, some regular home tools (screwdriver, soldering iron, brush, battery tester, etc.) and some marketing to let people know what you do. You will also need to develop good relationships with dealers of quality accessories. With as low as N5,000, you can purchase a repair kit from any eCommerce stores. Just make payment with your debit cards, and you’re ready for business.

7. Plantain Chips Production and Sales

You have seen it everywhere – the delicious crunchy snack made from unripe plantain. Hawkers sell them along the highways. The catch is, you probably did not realize it is such a lucrative business in Nigeria. You don’t need to be a UAC or Leventis Food to engage in the plantain chip business in Nigeria. A small-scale plantain chip enterprise with an initial investment of fifty thousand is capable of returning N10,000 in profit daily. If you’re looking for business ideas in Nigeria with low capital, you should really consider this. It is a type of business you can start with 5,000 or even less.

You can start this right from your kitchen. Just place your brand name on the transparent nylon, and you’re good to go. You will need to get some coaching from someone already doing the business, learn some recipes and develop a supply chain both for your raw materials (plantain) and finished products.