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Saturday, July 20, 2024

{Fresh!} List of 61 Proven Small Scale Business Ideas In Nigeria

Today, I’ve got an updated list of 61 hot small scale business ideas in Nigeria for you.

This list gives small business ideas and business opportunities, and also little capital investments you can try out.

Sometimes you just get stuck in your search for business ideas, isn’t it?

Yes, it happens and that’s why we have created a list of lucrative and profitable small scale business ideas in Nigeria – ones you can grow into a bigger business.

Other than the fear of failure, one of the biggest mental barriers to starting your own business is a lack of clarity about what kind of business you should start.

What Is a Small Scale Business In Nigeria?

According to the definition given by the Small Business Chron, A small business or small-scale enterprise is a business that employs a small number of workers and does not have a high volume of sales.

Such enterprises are generally privately owned and operated sole proprietorships, corporations or partnerships.

The legal definition of a small-scale enterprise varies by industry and country, based on factors such as size, economic impacts or financial measures.

Interestingly, the Federal Government of Nigeria has put in place credit facilities to boost small enterprise activities in the country.

There are literally hundreds of self-employment options available to you, and each one has its own individual costs, challenges, potential rewards, and startup requirements.

So with that in mind, here’s a list of 61 of the most popular and lucrative small scale business ideas in Nigeria to consider, they’re also one of the things you can do with less than a million Naira.

Some of these ideas may help you gravitate toward the best small business idea for your temperament, capabilities, tolerance for risk, market conditions, geographic location, and budget.

Woman starting a small scale business in Nigeria

61 Investment Opportunities and Examples of Small Scale Business Ideas In Nigeria

Here is my list of 61 profitable small scale businesses you can try out below:

1. Cleaning business

2. Photography

3. Videography (Read 5 online top sites for free videography training)

4. Catering

5. Consulting

6. Real estate

7. Construction

8. Hairstyling

9. Jewelry making (crafts)

10. Tutoring, giving group or private lessons,

11. Computer training business (Read What you should know before starting a computer training business)

12. Vending machine business

13. Event planning services

14. Motivational speaking

15. Painting services

16. Fashion business (sewing, tailoring, design, clothing alterations etc)

17. Shoe business (shoe building, selling, design)

18. Food businesses: (restaurant, food truck, ice cream shop). Learn How to start a restaurant business in this guide

19. Bakery, cupcake business, cookies, birthday and wedding cake baking and decorating

20. Bar business

21. Poultry farming

Also Read: List of 12 online jobs for students in Nigeria

Why Start A Small Business With Low Capital Investment Today?

Yes, you can start small and grow big.

Today, a lot of people want to have a side hustle as they’re looking to leave the salary job cycle to something that feeds their passion.

creative small business ideas to start from home with low capital in Nigeria

Let’s be honest here, we spend money every blessed day but we get paid every 30 days, which means 12 times in 365 days.

“Employees get paid 12 times in a year – @Oasdom

Business owners on the other hand? Your rewards flow with respect to the efforts you put in (marketing, sales, product creation, customer satisfaction and more).

Though starting a business may seem exciting but you should check out my post on 4 bitter truths no one will tell you when starting your business.

Luckily, it is now easy to start a business from scratch without spending a fortune. Below, I’ve highlighted more creative business ideas with low investments.

Some of the business ideas listed require nothing more than an internet connection, while others demand soft loan to kick off, level of licensing or a specific set of vocational skills…the choice is yours!

More Types of Small Scale Business Ideas That Moves Fast In Nigeria

21. Football showing center

22. Recycling business

23. Transportation or trucking business

24. Generator repair service

25. Computer repair services

26. Intra-state Courier services/delivery services

27. Music lesson trainer (Piano, box guitar, drums, etc.)

28. Daycare center

29. Animal feed production and sales

30. Senior care business

31. Dance instructor

32. Import-export business [FREE GUIDE: How to import & sell for profit]

33. Wholesale business

34. Rug cleaning services

35. Final year & PG student project writing services

36. Craft business (bead making, wireworks, etc)

37. Gift basket business

38. Smartphone repair

39. Dry cleaning service

40. Online business (Here’s how to start an online business in Nigeria)

41. Web design and/or graphic design business

42. Printing services (print shop)

43. Gym business

44. Manufacturing business (soap making etc)

45. Furniture making business

46. T-shirt business

47. Domain name trading

48. DJ business

49. Scrap metal business

50. Dog business (dog training, grooming, boarding)

51. Farming, ranching, growing produce, aquaculture, greenhouse business

52. Magazine publishing

53. Party rental

54. Interior design

55. Bicycle repair

56. Painting business

57. Frozen food sales

58. Resume writing

59. Spa business

60. Web hosting business

61. Editorial services: article writing, web page content provider, proofreading, etc

Read articles on Oasdom.com for more money making business ideas and you’ll find gems of resources waiting for you.

Quick Guide On How to Start a Small Scale Business

Now, you’ve checked through the lists of small scale business ideas, isn’t it? But what about starting on the right foot?

How to start your small and medium scale business ideas

According to Inc.com, there are 5 business trends that will impact small businesses this year. I think you should check it out.

You can be an entrepreneur if only you will take a self-inventory of your gifts or ask trusted friends to tell you what they perceive to be your strengths/gifts/talents/abilities – whatever you choose to call it.

I recommend that you check out these 5 signs that you have the entrepreneurial spirit because first hand, you need to do self-inventory before starting out.

Once you’re certain you have the entrepreneurial drive to start a business,  try these proven tips on starting a business in Nigeria.

Also, funding is one big issue when it comes to expanding your business. Check out these top crowdfunding sites in Nigeria to fund your business.

You can also download small scale business in Nigeria pdf to your smartphone and other devices for offline use.

Small Scale Business Ideas In Nigeria (Summary)

You can start any of the 61 lists of small scale business ideas in Nigeria with low capital and still scale it up into a big business that moves fast.

You should check the list of 7 profitable home based businesses that move fast in Nigeria (Link in number 28 above).

They are becoming more popular, and also within the reach of almost anyone who wants to take a risk and work hard.

However, crafting a one-page business plan for these home-based businesses can give you a clear sense of direction to growing a profitable business from idea to reality.

So, which are the most successful business ideas in Nigeria out of all listed?

What is your opinion? Let’s have your comments and if you found this to be helpful, share with a friend.

Steve Oke
I am a music, nature, business and books lover whose path is not yet perfectly defined. Combining my empathic nature with the enthusiasm for knowledge, I’m trying to put my skills to good use by helping others while discovering myself.

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  1. Thanks for this post. Nigerians knows how valuable this business ideas can be. There are no jobs anywhere and business ideas can only be what majority rely on. Thanks.

  2. Thanks a lot for all the business opportunity listed here. For someone that has written many stories good enough for Nollywood but does not have a clue of how to contact movie producer or film maker, how can you help?

  3. Everything is very open with a very clear description of the challenges.
    It was definitely informative. Your website is useful. Thanks for sharing!

    • Hi Sunday, the first law of investment is investigation. It’s not about starting the business, it’s about being ready for the challenges, risks, operations, etc of that business. It starts with digging deeper and doing your assignment well to go for what resonates with you. You should be the one to decide based on the list we’ve provided.

  4. Nice ideas you got here. But most of these business ideas requires some initial start-ups. I do advise people to acquire skills and start freelancing on sites like fiverrs, upwork and more.

    • Thanks a lot for your comment, you’re correct, the world is online and individuals can start something online. We provided a link to 12 side hustles anyone can try, some of which encourages having a business online

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