Business ideas

Profitable Business in Nigeria to Start with 100k

If you have 100,000 in Nigeria today, then this is a detailed guide on Best 11 business to start with 100k in Nigeria this year 2022, we would give you the insight and how to start the best business in Nigeria this year and in 2022.

It’s only January, but many of you are already thinking about what kind of business to start as your main or side hustle. We know that. So keep reading and we’ll show you some ideas that will blow your mind.

You can start a business in Nigeria with just 100k and make a lot of money, but sometimes it can be hard to come up with ideas for businesses that make money.

The best place to start a business with 100,000 naira and make money is here.

Many businesses in Nigeria start out small and then grow into what they are today, which is why so many people in Nigeria have jobs.

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In this case, it’s not having 100,000 to start your business that’s the problem. It’s how well you can grow and expand your business that is the problem.

Below are business ideas you can start with 100,000 naira and make money.

1: Start Cooking and Delivery Business

Nigeria is a great place to start a business with 100k. Cooking and delivery is the best thing to do. Everyone likes food, but not everyone can make good food.

People also have a hard time cooking because of their busy schedules. It is bad for their health to eat food that has been made by someone else.

Delievry business in nigeria
Delievry business in nigeria

If you can cook and have a love for cooking, you can start this business for less than 100,000 naira.

The business doesn’t even require you to rent a shop. You can cook at home and deliver the food to customers at their home or office, so you don’t even need to rent space. You can also make and sell food at a busy intersection if you want to.

When you start a cooking and delivery business, the things you need to buy are:

  • a gas oven
  • Pots/Pans
  • In different types and sizes, there are plates.
  • Grinder/blender
  • Coolers or stock pots
  • Different-sized spoons and forks
  • Toothpick/serviettes.

You don’t have to buy everything at once. You can buy what your money can afford, and then when you start making money, buy the rest.

2. Kickstart Car Washing Business

If you have 100,000 naira, you can start your own car wash business today.

Today, many people don’t have time to wash their cars, some are stressed after work, and some can’t wash their cars well, so they have to take them to the car wash.

Car washing business in nigeria
Car washing business in nigeria

Start a car wash anywhere there are a lot of cars and water.

You can run a car wash business in Nigeria at any time of the year, even during the rainy and dry seasons. You won’t have any problems with the business.

A good place to start a car wash business is also important. You need to pick a place that everyone can see.

If you can’t rent a place, you can go from house to house to wash people’s cars. If you have 100k in Nigeria and want to start a car wash business, that’s a great idea!

tools that you need to start a car wash business:

  • A machine that cleans cars
  • A water supply, a storage tank, and a generator set
  • There is a bucket with soap and detergent in it.
  • Tyres need brushes to keep them clean
  • Towels, and so on, as well

3. Selling fairly Good or used Clothes

The second business idea you can start with 100,000 naira is to sell used goods and clothes.

They buy things like gadgets, clothes, shoes, and other things that have been used before. Buy these things online and sell them at a store or on the street.

Selling used cloths in nigeria
Selling used cloths in nigeria

Again, if you have 100,000 naira, you can start selling used clothes, which are called okrika in the country where you live. There are a lot of people who prefer to buy Okrika than new clothes.

Because the country has a low budget, people have been forced to spend money on what they can afford, not what they want to spend.

In Lagos, the places where you can buy Okrika clothes are:

  • Balogun Market in Yaba
  • Tejuosho Aswani Market
  • Oshodi Market
  • Katangua Market
  • Badagry Market

4. Start Laundry Business

In this case, you can start a business quickly and make a lot of money at the same time. Today, people are so busy that they don’t have time to wash their clothes. This has led to job opportunities for people.

Your laundry business needs to be in a good place. People should think about places where they can see you easily in places where there isn’t a lot of other people.

Laundry business in nigeria
Laundry business in nigeria

The place where you live should be in a residential area, an estate, or a wealthy neighborhood where you can easily get clean water, for example.
Starting a Laundry Business: What You’ll Need:

  • Buckets of laundry detergents and soaps
  • Pressing iron on the ironing board
  • Garment conveyor with starch
  • Nylon and tags are used to make a generator that can make electricity

5: Start palm oil business

If you don’t like the business ideas I’ve given you above, then you should think about the palm oil business.

Because palm oil can be used for so many different things, it is one of the most profitable businesses anyone can start right now.

Palm oil is used by almost everyone when they cook. You could even start exporting it to other countries, which would make you a lot of money.

It doesn’t have a steady price, so you can buy palm oil when it’s cheap and sell it when the price goes up.
Things to think about when you start a palm oil business

Here are the top things you should think about when you start a palm oil business.

Choose a business model for palm oil that fits your needs and wants.

  • There is a lot of space and a lot of tanks
  • Make sure you have your rubbers ready
  • Set up a meeting with the suppliers
  • Decide how you’re going to get there
  • People should buy and sell palm oil

6. Sale of Fruit Drinks

If you have 100k in Nigeria, you can start this business and make money. People are becoming more and more interested in drinking juice that isn’t dyed, flavored, or kept fresh.

People are also becoming more aware of the health risks of processed food and drinks. This has led people to stop drinking soft drinks and instead drink fruit drinks that are made naturally. This is a great business opportunity.

To start this business, there are some things you need to do. You also need a good location that will help you sell more. The places where you can sell your fruit drinks are:

  • A roadside shop
  • Shopping center
  • Cafes and fitness centers

To sell it to grocery stores or restaurants, you can sell it in bulk. To start this business, you also need to buy manufacturing equipment. Basic manufacturing tools include:

  • Lift for fruit Washer for fruit
  • A machine that crushes fruit and heats it up first
  • Juice extractor, blender, and other kitchen tools

7: POS Business

There is a business called POS (point of sale) that makes money. It’s become a lot more popular.

Some people don’t like having to wait in line at the bank to get money. They prefer to use a point of sale (POS) that is even closer to them, even though they have to pay a transaction fee.

If you have 100,000 Naira, you can become a bank agent and own an E-Payment store. The bank can give you your POS.

In order to become an agent, you’d have go to the bank of your choice and fill out all the forms. After you signed up, you’d get a POS machine.

Banks give out POS for free, but there are some rules and regulations that must be met. Banks also charge you a fee for every transaction you make. In Nigeria, learn how to start a POS business and how to run it well.
To get the POS machines, the banks need to go to the store

Below is a list of some of the banks in Nigeria that give out POS machines to people who want to use them.

Some of the banks are:

  • Zenith Bank
  • First Bank
  • Access Bank
  • Eco Bank
  • Skye Bank
  • Fidelity Bank
  • Diamond Bank

You just need to go to the bank and find out how they work so that you can get a POS machine.

8: Popcorn Business

This is one of those businesses that hasn’t been fully tapped. Popcorn is one of them. It’s possible to make a lot of money over time if you keep up with your popcorn business and work hard.

Popcorn is a snack that comes from the popping of corn on a hot surface.

Popcorn Business in nigeria
Popcorn Business in nigeria

People love popcorn, so you can’t go wrong with this business idea.

If you want to start a small business, you don’t have to be stressed about it, and you don’t have to waste time. You can start with a small amount of money, grow it, and manage it all alone at home.

It’s important to sell your popcorn in supermarkets, schools and cafeterias, as well as at restaurants and stores.

It’s also a good idea to put your popcorn machine near a busy road, market, high-commercial area, and so on. This will help you sell more popcorn.

People make popcorn with these things.

This is what you get: Corn Sugar Salt Vegetable Oil
Powdered milk with a butter flavor.

Items for the Popcorn Business

  • Get a big bowl
  • Showcase
  • Nylon
  • Popcorn machine.
  • Soup spoon
  • Gas cylinder

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9. Mini importation business

People in Nigeria who start a mini import business can make a lot of money. It’s one of the best businesses to start with $100,000 and make money.

People are making money by getting cheap goods from other countries and selling them for a lot more in Nigeria.

Mini importation business in Nigeria
Mini importation business in Nigeria

In order to do well in business, you just need to do your marketing the correct way.

Before you start the mini importation business, you need someone to help you, and you also need to start with the things people buy the most. Before you buy any goods, you need to do a market study.

From China, you can buy the things that you want to sell. You can also buy things from any other country. Learn how to start a small business in Nigeria that imports things.

Things you can bring in:

  • Mobile phone
  • Travel bags
  • Earpiece
  • Clothing
  • Electrical appliances
  • Jewelry
  • Small USB
  • Some wireless phone chargers
  • other things that work with phones

10. Farming business

Today, the agricultural business is very profitable in Nigeria because people in the country eat a lot of farm products every day.

Before you start a farming business, you need to know a little about the area you want to work in.

Farming business in Nigeria
Farming business in Nigeria

People who want to start a farming business can start with 100,000 naira. Ideas for starting a business in farming:

  • Pig farming
  • Snail farming
  • Vegetable farming
  • Mushrooms Farming
  • Plantains farming
  • Catfish Farming
  • Rabbit farming

11. Food Business

Food is one of the most important things for humans to have, and without it, one can’t live. If you have 100k and want to start a business, this is one of the best businesses to start in Nigeria and make money.

Food Business in Nigeria
Food Business in Nigeria

Because food is so important to humans, it sells very well. With 100,000 naira, you can start a food business anywhere where people are.

Before you start a food business, you need to know what raw foods you want to sell and where to find farmers to buy them from.

You may be able to sell them both online and offline, depending on how you plan to get them there.

Examples of foods to sell:

Rice, beans, corn, garri, potato, cocoyam, crayfish, yam flour, and many other things can be found in this dish.

Final word:

If you are looking out to start a business in Nigeria with low capital, the above listed are the legit business you can start that won;t give you any problem and you can make multiple profile after some minute if you really take the business very serious as it should be.

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