10 Businesses to Start with 100k in Nigeria

Businesses To Start With 100k Naira In Nigeria

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Can 100,000 start any business in Nigeria? If this same question crosses your mind then this clarity post can help you find answers.

Nigeria is known to be a land of infinite opportunities in terms of resources. Launching deep, armed with the right information and a bit of luck, you could become a successful entrepreneur with the smallest amount of monetary investment.

Now the question is how do you get this information on the best opportunities to look into?

Nigeria’s economy is structured such that it allows small businesses to thrive, as it goes with very few regulatory rules that enable them to grow faster. With as low as ₦100K, you can get a cash-based business running to make ends meet.

100k Business Ideas in Nigeria

If you’re a budding entrepreneur looking for these opportunities, don’t worry we’ve got you covered. In this article, we will be highlighting the top 10 businesses to start with ₦100K in Nigeria.


Pos Business Is One Of The Businesses To Start With 100k Naira

The ever-growing demand for cash and the inability of ATMs of commercial banks to meet up with customer demands have resulted in a boom in this business venture. More importantly, this looks like something that has come to stay as there are a lot of banking officials who have also invested in the business.

With as little as ₦30,000, you can get a POS machine, and withdraw ₦50,000 cash to begin the business. Since it’s a rinse-and-repeat process, you can always to the nearest ATM to recycle that initial ₦50K. The only downside to this business is that it may not be favorable for you if you stay in an area with poor security.

Car Wash Business

If you’re able to get an empty land space in a relatively open area or collaborate with a bar that’s got a large parking space, you can decide to get into the car washing business. Aside from needing very little skill to start, your success ultimately depends on how you’re able to relate with your customers as most of them are not always in the habit of changing washed.

With as little as ₦10,000 monthly, you could get a land space on lease, and dig gutters to allow free flow of used water with around ₦5,000 then the rest can be channeled to getting equipment to make your job easier. you can also decide to collaborate with a nearby house with a borehole to reduce your daily water expenses.

Tricycle Hire Purchase

Although a tricycle costs a whole lot more than ₦100K, you can make an initial deposit, start working, and use daily profits to complete payment over time. While it’s a business model that’s quite risky, the reasonable timeline that you’ll be required to pay back makes it worthwhile because you get to start making ends meet right away.

Graphics Design

Graphic Designer Creativity

If you’ve got a flare for art and designs, this may just be the kind of business that you’ll excel at. If you already have a PC or you’re quite handy with your mobile phone, you can decide to take up some graphics design courses online.

You can start with the cheapest ones, or even hunt for coupon codes that’ll offer these courses for free on platforms like Udemy and Coursera.

Your main challenge here will be to help brands create a perfect image and perception that succinctly represents what they stand for and help to create design elements for their social media channels and other touchpoints in a bid to grow their clientele, but outside that, it’s a business that you could more or less start with even as low as ₦50K.

Graphic design being a professional skill only requires you to have the skill that gets the job done, there are not serious costs involved in starting the business except for some investment in marketing.

Highend Phones and PC technician

To start a high-end Phone and PC technician business, the starting point is to acquire the necessary technical skills from experienced technicians and workshops. Next, you may need to properly register your business, and find a good area where there’s demand for device fixing, especially in areas like Lekki, Ikoyi, and Magodo, set up a workspace, and invest in essential tools.

You can step up your marketing by creating an online presence on various social media channels such as TikTok and Instagram to market your services effectively. Price your services competitively, for instance, charging around ₦10,000 to ₦20,000 for phone repairs, which can potentially yield ₦50,000 to ₦100,000 weekly.

Network with local stores and smartphone sellers for referrals, prioritize quality service to build customer loyalty and consider expanding into PC repair for additional income opportunities.

Laundry Business

Laundry Business

The laundry business in Nigeria doesn’t look like it will be going away anytime soon. Although you may not be able to get an industrial washing machine to start up, you can get one for just around ₦70K, set up at home, and you’re good to go.

If you’re located in an area with a lot of youths, this should be one of the top choices you’d like to consider. More so, it’s a cash flow business, so you usually get to make ends meet after the end of every day.

Data Reselling Business

Being a business, you can do it from the comfort of your house while with your phone, it already puts it miles ahead of most options that’ll require you to show up every day. Most people constantly use data and telecommunication companies aren’t doing a good job in making data affordable – that’s where you come in.

All you need is a credible VTU platform to purchase data in bulk, then start selling in bits to your customers for a slightly cheaper price than what’s being offered by their network by default.

Start Dropshipping and mini-importation

If we want to be critical about it, you need way less than ₦100K to get into these kinds of businesses.  For one, you only spend when your client has paid for an order, and your main job is to know where you can get it at cost-effective prices, and also properly market your brand to the target audience.

Become a Real Estate Agent

The real estate industry in the country is constantly growing, and you too can get involved in the wave to make some money.  With a ₦100K budget, your main operations will revolve around making ads and working as an affiliate to real estate companies. If you really want to approach your real estate marketing from a lead generation standpoint, we recommend that you create a professional real estate website where you can have total control over your strategies.

Of course, you’ll need to learn some marketing techniques and invest in branding, but overall, ₦100K should be all you need.

Open a Football Viewing Center

Open A Football Viewing Center

This is a gold mine if you’re in an environment with a lot of youths. If you’ve got a wide space in your compound, you could erect the viewing center for about ₦40,000, and then use the rest to pay for a cable subscription, then just bring out your TV for every match day. Being a cash-based business, you’re opportune to get instant gratification and make ends meet after every match day.


Nigeria has a very rich economy, and although more than 70% of its citizens are living below standards, they’re still rich enough to make regular expenses, making the country a hot spot for cash-based commerce.

Although for this article, we only highlighted opportunities that require little or no technical skills to get involved in, there are also several opportunities like barbing, fashion designing, blogging, and content writing which can set you up quite nicely.


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