20 Lucrative businesses to start with 100k in Nigeria

So many people have been asking me about lucrative businesses that one can start with 100k or less in Nigeria.

To be frank, there are lots of lucrative businesses to start with little or no money in Nigeria. But I will only focus on business one can start with 100,000 naira or less.

Starting a business with 100,000 naira shouldn\’t be the problem but your ability to grow, expand and maintain consistency in the business.

A lot of big firms out there, started little and they grow into what they are now, it\’s called consistency and hard work.

With my experience and the help of top firms, below is a list of compiled lucrative businesses to start with 100k in Nigeria.


What businesses to start with 100k?

1. Selling of woods in bundles.


I watch some women and men use this as a side hustle.

I took my time to ask about the business and I was told secrets no one has ever known.

The selling of woods in bundles has made most of them stop eating from hand to mouth.

They make cool cash from just selling woods.

You don\’t even need to stop your current business or quit your job before you can start this business.

You can start this from the comfort of your home or even rent a shop, employ someone and make a profit from it while you work.

Essential things you need when starting your selling of wood in bundles.

  • A well-ventilated shop, if there is a need for it.
  • A reliable source of wood.
  • A Vehicle: You can pay someone to help you bring the wood to your destination.
  • An ax or you pay someone to chop the wood for you.
  • A white rope.


2. Becoming a House agent.


Who is a house agent? 

A house agent is someone whose job is to help you buy or sell a house without stress from your end.

This is the type of business ideal you would want to venture in.

The secret about this business is that you don\’t need any money to start.

All that is needed is your little time, one hour or less.

I have a friend who uses this as a side hustle to settle his bills. You get paid for selling a house or showing someone a house.

READ ALSO: 10 important steps to success in life

Essential things you need when starting your House agent business.

  • A good phone.
  • Different Network
  • A well-charged power bank

You can make money from this and later venture into the real estate business with the little experience you had from becoming a house agent.



3. Manufacturing of vegetable oil.


Vegetable oil manufacturing is one of your possibilities if you want to start a business in the agricultural field.

Vegetable oil is a transplant oil extracted through a pressing process from plants (such as coconut, groundnut, and palm kernel).

Several billions of dollars are spent on vegetable oil each year around the world.

Cooking using Vegetable oil is popular. Soaps and cosmetics include it.

It is also utilized as a biofuel for cars and planes, as well as a tub of raw materials margarine, rubber, and plastics.

Vegetable oils, particularly palm kernel oil, have a burgeoning industry in Nigeria today. Vegetable oil consumption has risen dramatically similar.to animal oil consumption.



4. Production of fruit juice.


Fruit juice making is one of the lucrative businesses to start with 100k in Nigeria.

It is always in high demand, and it tastes much better when made at home. Fruit juices are an important component of every breakfast meal, thus launching a thriving fruit juice business will almost certainly yield a decent return on investment (Return on Investments).

You can spend your #100,000 on fruits such as oranges, mangoes, pineapple, pears, and so on. You can also use this money to pay your personnel who will assist you process the fruits into juices and packaging them in bottles to sell. If you want 100% natural fruit juices, this is the way to go.



5. Selling of fairly used Goods or clothes(Okirika/thrift).


This particular type of business is very lucrative. Many people buy fairly used items like clothes, shoes, bags, gadgets, household items, e.t.c.

The interesting part of this business is that you can get this item both online or offline and also sell it online or offline.

This business is very profitable because people can\’t do without wearing clothes, shoes and even moving with bags.

Locations to get fairly used items in

  • Nigeria
  • Aba
  • Onitsha
  • Abuja
  • Lagos
  • Port Harcourt
  • Online stores

You can start from small and later grow to own a boutique, or even become the next Jumia, Konga, payporte Vconnect Nigeria, Jiji Nigeria e.t.c.



6. Pure water business.

Water is one of the most important wants that is necessary for life. Without water, your classes of food won\’t be complete.

I did some research and notice that, one of the businesses in life that will continue to grow from year to year is the pure water business.

You don\’t need to hawk or carry pure water on your head before you can make money.

Essential things you need when starting your pure water business.

  • A Refrigerator.
  • A Generator(big or medium size)
  • You can be selling in retail and make money from people around you.



7. Ice cream Production.

So what exactly is ice cream? That\’s easy: it\’s a frozen dairy product that isn\’t made og milk.

Ice cream, packaged yogurt, and soft-served ice cream are the most popular frozen dairy products. It is one of the most popular frozen sweets in the world, and it comes in a wide range of flavors, toppings, and textures.

There are numerous ways to make ice cream, including by hand or machine, with natural ingredients such as fresh fruit or almonds. But that has nothing to do with this article.


Essential things you need when starting your ice cream product.


  • Whisks and fork.
  • Refrigerator
  • Ice cream machine
  • Heavy-duty 1 Gallon Ziploc freezer bag
  • Hedley & Bennett aprons
  • Vitamix blenders
  • Spade spoons
  • Zeroll Fisher\’s
  • Blowtorch
  • Sieve
  • Heat-proof silicone spoons and spatulas


Lots of people love ice cream, mostly the ladies and little children. The sweet part of this business is that you don\’t need a shop before you can start this business.



8. Charging of phones.

As we all know, the lack of constant power supply in Nigeria is something to talk about.

The power holding company of Nigeria(PHCN) can\’t be trusted when it comes to the distribution of electricity.

Due to the scarcity of fuel and the increase in fuel prices in Nigeria, many Nigerians have developed an interest in this business.

You can make a lot of money from this business, by helping people to charge their phones and gadgets at a predetermined fee.

READ ALSO: Ways to work smarter not harder

Essential things you need when starting your charging phone business.

  • A shop if needed.
  • A generator.
  • Charges.
  • Board of suckets.



9. E-payment/Pos business.


POS means (point of sale business). This business has gained serious popularity in Nigeria.

You and I know that no one likes queuing in a bank or ATM for long just to withdraw cash.

With just 100,000 nairas one can become a Banking agent and also you will get your Pos machine from the bank.

Visit any bank of your choice to obtain your POS machine.


Visits the below banks to obtain your POS machine.

  • Diamond bank
  • Access bank
  • Zenith bank
  • First bank
  • Eco bank
  • Skye bank
  • UBA bank
  • Fidelity bank
  • Wema Bank, e.t.c

Note: Each bank has its mode of operation and its percentage rate, so visit and make inquiries.



10. Laundry business.


Because of the nature of some people\’s work, they find it hard to wash their dirty clothes, or even iron them for use.

They prefer giving it out to ease their workload.

This business will make your cool cash. You don\’t need to own a shop or a business center before you can start this time of business, you can start in the comfort of your home.

Students make a lot of money from this business while going to school, and they stop depending on their parents for finance.

You can also visit hotels, hospitals, schools business areas to collect the cloth of your target customers.

Essential things you need to start up a laundry business.


  • Shelves
  • Iron
  • Washing bucket
  • Laundry Detergent/soaps
  • Ironing board
  • Constant electricity power supply
  • Nylon and tags
  • Garment conveyor


You don\’t need to have a shop before you start this business, you can start from the comfort of your home.

Your target location should be residential areas, and also places where clean water can be accessible.



11. Selling of Snacks

A snack is a small amount of food that is eaten between meals or a very small meal.

Not everyone has the time and energy to prepare breakfast or lunch.

This type of business is very lucrative because people can\’t do without eating snacks.

You can start up this type of business with 100k.

People do visits nearby shops or cafes to get snacks.

Essential things you need to start a snack selling business.

  • Flour
  • Clean Water
  • Yeast
  • Frozen fruits
  • Fresh fruits and vegetables
  • Butters
  • Unsaturated nuts and seeds
  • Sugar
  • Salt
  • Groundnut oil
  • Gas cooker
  • Eggs, e.t.c


Snacks can be sold in schools, churches, hospitals, and other busy firms. You don\’t have to own a shop before you could start up this kind of business.



12. Foodstuff business.


Food is one of the most basic needs of man in life. Humans can\’t stay a day without food, even God himself created food for man\’s consumption.

This business is very profitable, you don\’t need to have millions of naira before you can start up this type of business.

All humans need food, that\’s why it sells very well no matter the location you are.

You can start a foodstuff business with 100k or less.

Before venturing into this business, you must have a well reliable source to buy from.

Buying from farmers it\’s always the best because you will get to negotiate and buy at a very small price.

Below are Examples of foodstuff to sell

  • Tomatoes
  • Garri
  • Corn
  • Beans
  • Yam
  • Cocoyam
  • Potato
  • Rice
  • Pepper
  • Leaf
  • Melon
  • Ogbonlo
  • Spaghetti
  • Indomie
  • Plantain
  • Banana
  • Coconut, e.t.c

Essential things you need to start your Foodstuff business.

  • A shop
  • Your capital



13. Animal feed business.


This is one of the lucrative businesses ones can start with 100k in Nigeria.

Every year people venture into selling Animal feed because of the high increase of Animals and high demand for Animals in the country.

You don\’t need to stress yourself in this type of business, you can start from the comfort of your home and supply to your target customers.

Your target customers will get to know you more and patronize you at home before you can rent a shop if the need arises.



14. Production of Liquid Soap and Detergent.

Liquid soap is a high-demand item that everyone requires daily. Liquid soap is in high demand because it is used to clean cars, kitchenware, toilet, clothes, and floors

With 100k, you can start making liquid soap, it all depends on the scale you want to start on. You can either make liquid soap on a small scale or in a commercial setting.

With 100k, you can start making liquid soap, but it all depends on the scale you want to start on. You can either make liquid soap on a small scale or in a commercial setting.

There is a lot of money in this business, people use liquid soap daily.

You don\’t need to own a shop, you can make liquid soap from the comfort of your home and supply it to people in need.

READ ALSO: 10 reasons why you are still broke

Essential things you need to start your liquid soap and detergent production

  • Bucket
  • Washing soda
  • Borax
  • Steaming hot water e.t.c.



15. Manufacturing and production of soap.

Soap is a highly significant ingredient that we use for washing and bathing in our daily lives. In Yoruba, it\’s known as ose dudu or ose ole.

Unlike other businesses that require a large amount of capital to get started, you may start yours with a small amount of money.

To begin making soap, you will need the following items.

A recipe for making soap, depending on whether you what a laundry soap, beauty soap, or anything else.

Machine for producing soap (this is usually a mixer with a healing system that maintains constant heat while musing).

Materials for packaging (containers/boxes).

Aside from that, all of the materials are usually widely available in the market except for KOH (potassium hydroxide), which can cost anywhere between 10,000 and 20,000 naira depending on the quantity purchased.

If you decide to get it from another country, it will cost much more.



16. Liquefied petroleum gas (LPG).


If you are looking for businesses to start in Nigeria with 100k, look no further.

Liquefied Petroleum Gas (LPG), also called cooking gas, is the most popular clean and efficient fuel that is widely used for cooking in Nigeria.

It provides many benefits, including:

  • It\’s a clean and safe fuel
  • It does not emit smoke, so it\’s safer to use while cooking
  • Anyone including restaurants and  hotels can use it
  • It is a way to market because of its versatility
  • Great profit margin! You can make at least 20% per transaction
  • Requires little capital to start up


As the world advances,  people prefer using Liquefied petroleum gas to cook. You can start making cool cash from it without stress from your end.



17. Business of Cooking and delivery.

The business of Cooking and delivery is one of the best lucrative businesses to start with 100k in Nigeria. Everyone likes food yet not every person can prepare mouthwatering food.

These days individuals find it hard to cook as a result of their hectic schedules. A few families eat handled food which isn\’t great for their wellbeing.

I know of a married man who because of the low rate of employment in the country cooks for a living. After interviewing him, he said he earns nothing less than 30,000 naira a day if customers didn\’t eat much.

The good part of this business is that you don\’t need to own a shop or start getting worried about how to sell your food after preparation.

Cook and take your food to busy parks, schools and organizations. You can also do home, hotel, and office delivery services.

Essential things you need to start a business of cooking and delivery.

  • A gas cooker
  • Toothpick
  • Serviettes
  • Knife
  • Pots
  • Pans
  • Plates; different types and also of different sizes.
  • Cup
  • Grinder
  • Blender
  • Coolers
  • Stockpots
  • Different sizes of spoons and forks
  • Wheelbarrow
  • Rubbers of different size
  • Takeaways
  • Nylon

It is not necessary to get at everything at once; instead, purchase what your budget allows and then purchase the rest items after you begin to make earnings. 



18. Chin-Chin business

This type of business is a very lucrative business to start with about 100k in Nigeria.

Chin-chin is the Nigeria term for fried or baked pastries, made from our and water. You can make chin-chin in different shapes and sizes depending on your preferred choice.

It is so popular among children, adults, and all kinds of people in Nigeria.

It can be taken as breakfast or served at parties as snacks/appetizers.

I have friends who use this back then in school as a side hustle to pay their fees and settle debts.


Essential things you need to start your chin-chin business.

  • Equipment(deep fryer/electric stove
  • About 150kg of flour needed
  • Bags, cellophane, wraps


You can get the ingredients at any local market near you and use an electric frying pan if starting with a low budget.

Tell people around you that you have started producing chin-chin and display it at your shop, store, or house to attract buyers.



19. Snail farming \"Lucrative

Single Snail (Image (photo by Zdeněk Macháček/Unsplash)Snail farming is a very lucrative business to start. It has high protein and low fat, making it a very healthy delicacy.

It can be done in a small space and can be done in a location with a moderate climate.

The first thing you will want to know about snail farming is that snails do not like too much hear.

They are more active during cooler times of the day and tend to hibernate when the temperature is above 27 degrees Celsius.



20. Selling of charcoal.


I almost forget to tell you about this business. This particular business is part of lucrative businesses that you can start with 100k in Nigeria.

It helped me earn a living and make cool cash while I was in school.

I do buy in large quantities and sell to women who are into roasted corn and plantain business. I make nothing less than 25,000 naira before the week runs out. Which company pays such an amount this day?

Normally I do home delivery service to herbalists, I was told they use it to prepare herbs for their clients.

With the increase in the price of kerosene and liquefied petroleum gas, most people can\’t afford to buy them, they prefer using charcoal to cook.

Give this business a try and thank me later.




With my experience and that of top entrepreneurs and business, men/women I was able to make sure I draft out the best top 20 lucrative businesses to start with 100k or less.

For you to become a boss on your own and make cool cash, above are the top lucrative businesses you can start with 100k in Nigeria and start earning.

If you believe some lucrative business is missing here, please don\’t fail to drop them in the comment section.

I will love to get your reply in the comment section below.

Thanks for reading.


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