15 Best Small-Scale Business Ideas in Nigeria

Starting a small-scale business in Nigeria offers a lucrative pathway to financial independence and stability. In a country where the unemployment rate is high, entrepreneurship has become a viable option for many.

The Nigerian economy, which is predominantly driven by small and medium enterprises (SMEs), contributes about 48% of the national GDP, accounting for over 80% of the employment in the country according to the National Bureau of Statistics (NBS).

With the right idea, strategic planning, and dedication, you can tap into the wealth of opportunities available in various sectors of the economy. Whether you are looking to start a side hustle or a full-time venture, understanding the market and identifying the right business idea are crucial steps toward success.

1. POS Business

The Point of Sale (POS) business has witnessed exponential growth in Nigeria, particularly in urban and semi-urban areas. With the Central Bank of Nigeria’s drive toward a cashless society, agency banking has become indispensable, providing financial services to the unbanked and underbanked population. Starting a POS business allows you to earn commissions on every transaction, including cash withdrawals, deposits, and bill payments.

Steps to Start a POS Business:

• Research and choose a reliable financial institution to partner with.
• Obtain a POS machine from the bank or financial provider.
• Secure a strategic location with high foot traffic.
• Register your business with the Corporate Affairs Commission (CAC).
• Advertise your services within the community.

2. Cleaning Services

Urbanization has led to an increase in demand for cleaning services, especially in metropolitan areas where busy schedules leave little time for thorough cleaning. Starting a cleaning service allows you to cater to both residential and commercial clients, offering services such as house cleaning, office cleaning, and post-construction cleaning.

Steps to Start a Cleaning Service Business:

• Identify your target market and the types of cleaning services you will offer.
• Invest in quality cleaning equipment and supplies.
• Hire and train reliable staff if needed.
• Market your services through flyers, social media, and word of mouth.
• Establish a pricing structure that is competitive and attractive.

3. Photography Business

The demand for professional photography continues to rise, driven by events such as weddings, birthdays, and corporate functions. Additionally, the growth of digital content creation for social media platforms has opened new avenues for photographers. Starting a photography business allows you to capture these special moments and make a significant profit.

Steps to Start a Photography Business:

• Invest in a good camera and essential photography equipment.
• Build a portfolio showcasing your best work.
• Network with event planners, content creators, and potential clients.
• Create an online presence through a website and social media platforms.
• Offer promotions and discounts to attract new clients.

4. Fashion Thrift Business

Thrift fashion has gained popularity in Nigeria, with many consumers opting for high-quality second-hand clothes and footwear at affordable prices. Starting a fashion thrift business involves sourcing these items from wholesalers and selling them online or in physical stores.

Steps to Start a Fashion Thrift Business:

• Identify reliable suppliers who offer high-quality thrift items.
• Create an appealing brand and logo.
• Take high-quality photos of the items and post them on social media platforms.
• Set competitive prices while ensuring profitability.
• Offer home delivery services to enhance customer convenience.

5. Event Planning

Event planning is a thriving business in Nigeria, where celebrations are a significant part of the culture. Whether it’s weddings, corporate events, or birthday parties, people are willing to pay for professionals to handle the logistics. Starting an event planning business allows you to turn your organizational skills into profit.

Steps to Start an Event Planning Business:

• Gain experience by volunteering or working with established event planners.
• Build a network of vendors, including caterers, decorators, and venues.
• Create a business plan outlining your services and target market.
• Market your services through social media and word of mouth.
• Offer personalized services to cater to the specific needs of your clients.

READ ALSO: 20 Small-Scale Business Ideas To Consider This 2024

6. Palm Oil Storage Business

Palm oil is a staple in Nigerian cuisine and its demand peaks during festive seasons. Starting a palm oil storage business involves buying palm oil during harvest periods when prices are low and storing it for sale when demand increases.

Steps to Start a Palm Oil Storage Business:

• Research and identify suppliers who offer high-quality palm oil.
• Secure a storage facility that is cool and dry to prevent spoilage.
• Monitor market trends to determine the best times to buy and sell.
• Register your business with the appropriate regulatory bodies.
• Advertise your product through local markets and social media.

7. Catering Services

If you have a passion for cooking, starting a catering service can be a profitable venture. The demand for catering services is high in Nigeria, particularly for weddings, corporate events, and parties. With the right skills and equipment, you can turn your culinary talent into a thriving business.

Steps to Start a Catering Service Business:

• Invest in essential cooking equipment and utensils.
• Create a menu that offers a variety of dishes to cater to different tastes.
• Build a network of clients through referrals and social media.
• Obtain the necessary food handling and health certifications.
• Offer tasting sessions to showcase your culinary skills.

8. Copywriting Business

With the rise of digital marketing, businesses need compelling content to attract and engage their audience. Starting a copywriting service allows you to create content for websites, social media, and marketing campaigns. This business requires strong writing skills and a deep understanding of your client’s needs.

Steps to Start a Copywriting Service Business:

• Build a portfolio showcasing your writing skills.
• Identify your niche, such as SEO content, email marketing, or product descriptions.
• Market your services through freelancing platforms and social media.
• Network with digital marketing agencies and businesses.
• Offer competitive rates to attract new clients.

9. Sports Viewing Centre Business

Sports are a significant part of Nigerian culture, with football being the most popular. Starting a sports viewing center allows you to provide fans with a venue to watch live matches and enjoy the company of fellow sports enthusiasts. This business can be highly profitable, especially during major tournaments.

Steps to Start a Sports Viewing Centre Business:

• Secure a location with ample seating and a large screen.
• Obtain the necessary licenses to broadcast live sports events.
• Invest in quality audiovisual equipment.
• Create a pricing structure for entry fees or membership.
• Advertise your viewing center through social media and local sports clubs.

10. Confectionery and Baking Business

Baked goods are always in demand in Nigeria, whether for personal consumption or events. Starting a confectionery and baking business allows you to create and sell cakes, pastries, and other baked goods. With creativity and attention to detail, this business can be both enjoyable and profitable.

Steps to Start a Confectionery and Baking Business:

• Invest in baking equipment and ingredients.
• Experiment with recipes to create unique products.
• Market your products through social media and local markets.
• Offer personalized cakes and pastries for special occasions.
• Obtain the necessary food handling and health certifications.

11. Laundry Business

With the busy lifestyle of many Nigerians, laundry services have become a necessity. Starting a laundry business involves offering services such as washing, drying, ironing, and folding clothes for a fee. This business can be started with minimal equipment and can grow as demand increases.

Steps to Start a Laundry Business:

• Invest in basic laundry equipment such as washing machines and ironing boards.
• Choose a strategic location near residential areas or offices.
• Advertise your services through flyers and social media.
• Offer pick-up and delivery services for added convenience.
• Establish a pricing structure based on the type of services offered.

12. Zobo or Hibiscus Drink Business

Zobo, a popular Nigerian beverage made from hibiscus leaves, is enjoyed by many for its refreshing taste and health benefits. Starting a Zobo drink business allows you to produce and sell this drink, either in small quantities or on a larger scale.

Steps to Start a Zobo Drink Business:

• Source high-quality hibiscus leaves and other ingredients.
• Experiment with different recipes to create unique flavours.
• Package the drink in appealing bottles or sachets.
• Market your product through local markets and social media.
• Ensure proper hygiene during production to maintain quality.

13. Blogging and Content Creation

The digital age has opened new opportunities for content creators. Starting a blog allows you to share valuable information, build an audience, and monetize your content through ads and affiliate marketing. This business requires consistency and a deep understanding of your niche.

Steps to Start a Blogging Business:

• Choose a niche that you are passionate about and knowledgeable in.
• Create a blog using a platform like WordPress or Blogger.
• Consistently produce high-quality content that resonates with your audience.
• Monetize your blog through ads, sponsored posts, and affiliate marketing.
• Promote your blog through social media and email marketing.

14. Perfume Oil Business

Perfume oils are in high demand in Nigeria due to their long-lasting scent and affordability. Starting a perfume oil business involves buying oils in bulk and selling them in smaller quantities. This business can be run from home, making it ideal for those with limited capital.

Steps to Start a Perfume Oil Business:

• Identify suppliers who offer high-quality perfume oils.
• Purchase bottles and other packaging materials.
• Create a unique brand and label for your products.
• Market your products through social media and local markets.
• Offer sample sizes to attract new customers.

15. Become a Professional Driver

With the growth of ride-hailing services like Bolt and Uber, becoming a professional driver offers a flexible and profitable business opportunity. This business allows you to work at your convenience, providing transportation services to passengers.

Steps to Become a Professional Driver:

• Obtain a valid driver’s license and necessary permits.
• Register with a ride-hailing service