Are you looking for profitable business ideas to start with 100,000 Naira in Nigeria? This guide explores 10 great opportunities you can launch with a small investment. From food services to tech-driven ideas, these ventures promise growth and profitability.

Why Starting a Business is Essential in Nigeria
Launching your own business is a reliable way to overcome financial challenges and unemployment. With a personal venture, you can achieve self-reliance, create income, and avoid the stress of job hunting.
Starting a business allows you to pursue your passion, work at your own pace, and achieve financial independence. It also gives you a chance to fulfill lifelong goals while providing stability for your family.
However, funding remains a key challenge for aspiring entrepreneurs. Despite this, with proper planning, you can successfully start and grow a business even with limited resources.
1. POS/E-Payment Services
POS (Point of Sale) services are in high demand across Nigeria. With 100,000 Naira, you can start a POS business and offer financial transactions such as withdrawals, transfers, and bill payments.
Key Benefits
- Reduces long bank queues.
- Provides financial independence.
- Helps in addressing unemployment.
Success Tips
- Choose a strategic location with high foot traffic and a reliable GSM network.
- Ensure security to avoid risks associated with cash handling.
- Offer additional services like airtime sales and BVN registration.
Requirements
- Register with CAC and obtain a TIN.
- Partner with a payment solution provider to get a POS terminal.
2. Phone and Gadget Charging Business
Nigeria’s unstable electricity supply makes phone charging services a profitable business.
What You Need
- A small generator.
- Charging equipment (socket boards, chargers).
- A covered stall or shop space.
Customer Attraction
Set up your business in areas with poor electricity. Build good relationships with customers for repeat business.
Success Example
Mr. Wale Olakunle started with a 100,000 Naira loan and now earns over 200,000 Naira monthly by charging gadgets in an underserved area.
3. Mobile Food Vendor and Delivery
Food is a necessity, making mobile food vending a profitable venture.
Target Market
- Working professionals.
- Students and artisans.
Starting Tips
- Start cooking from home and expand gradually.
- Offer affordable, delicious meals to attract customers.
Real Story
Mr. Kelechi Emmanuel started his food business with minimal resources and now serves hundreds of customers daily despite rising ingredient costs.
4. Copywriting
Copywriting involves creating persuasive content for marketing purposes. It’s a lucrative online business you can start with little capital.
Earning Potential
Freelancers earn between 100,000 and 300,000 Naira monthly. Beginners can secure clients through platforms like LinkedIn and job boards.
Requirements
- A laptop, internet connection, and basic writing skills.
- Learn through online courses, blogs, and mentorship.
Success Story
Seyi Olawale, a university student, now earns enough from copywriting to cover his living expenses after losing family support.
5. Graphic Design
Graphic design is in high demand across various industries.
Starting Tips
- Learn through YouTube or paid courses.
- Use tools like Canva, Adobe Illustrator, and CorelDRAW.
Real Example
Ayomide Adeniyi earns over 120,000 Naira monthly from designing flyers and e-book covers. He also teaches graphic design to aspiring students.
6. Clothing Sales
Selling clothes is a thriving business due to constant demand.
Steps to Start
- Source clothes from markets like Balogun and Tejuosho.
- Deliver products directly to customers to save costs on renting a shop.
Pro Tip
Build strong relationships with customers and use social media for advertising.
7. Laundry Services
Laundry services are profitable, especially in urban areas where people have busy schedules.
Getting Started
- Invest in a washing machine, generator, and ironing tools.
- Work from home to save costs initially.
Inspiration
Richard Ojigbede started washing clothes manually but now owns washing machines and earns 10,000 Naira daily from his laundry business.
8. Shawarma Business
Shawarma is a popular snack enjoyed by many Nigerians.
Requirements
- Get proper training in shawarma making.
- Use a strategic location like a student area or busy junction.
Success Example
Mr. Sunday Agbor turned a small shawarma spot into a business earning 250,000 Naira monthly.
9. Data Reselling
With increasing internet usage in Nigeria, data reselling is a lucrative venture.
How It Works
- Buy data in bulk from telecom companies.
- Resell at competitive prices to customers.
Start-Up Needs
- A smartphone or laptop.
- Reliable internet connection and initial capital.
Case Study
Miss Sharon Odewunmi, a student, started data reselling as a side hustle and now earns consistently through referrals and networking.
10. Declutter Agent on Instagram
This involves helping sellers market their products online.
How to Start
- Use Instagram to connect buyers and sellers.
- Earn a commission on every sale.
Pro Tips
- Build trust with followers.
- Use Instagram ads to grow your audience.
Success Story
A declutter agent with 13.5k Instagram followers started with 5,000 Naira and now earns 300,000 Naira monthly.
Conclusion
Starting a business in Nigeria with 100,000 Naira is achievable with the right mindset and planning. Whether it’s a POS business or data reselling, each idea offers unique opportunities to achieve financial independence. Pick a venture that aligns with your skills and interests, and begin your entrepreneurial journey today.