Smart Investment 2025: 14 Profitable Businesses You Can Start in Nigeria with 100K

Businesses you can start with 100K in Nigeria are plentiful, making it possible for smart entrepreneurs to seize opportunities in a growing economy. With the rising cost of living and increasing unemployment, many people are looking for ways to achieve financial independence. The good news? You don’t need millions to start a profitable venture! With as little as 100,000 Naira, you can launch a lucrative business and begin your journey to financial success.

In this blog post, we’ll explore businesses to start with 100K in Nigeria that offer great profit potential. We’ll break down the startup costs, expected earnings, and essential tips for success in each business. Ready? Let’s dive in! 🚀

---

1. POS/E-Payment Business

The Point of Sale (POS) business has taken Nigeria by storm, especially in areas where bank ATMs are scarce. Many people prefer to use POS agents for withdrawals, deposits, and bill payments due to convenience.

Startup Cost Breakdown:

• POS machine: ₦30,000 – ₦60,000 (varies by provider)
• Cash float: ₦30,000 – ₦50,000
• Shop/umbrella setup: ₦10,000 – ₦20,000

Profit Potential:

A busy POS agent can earn ₦5,000 – ₦15,000 daily, depending on the transaction volume. That means you could be making over ₦150,000 per month! 🔥

How to Succeed:

• Choose a strategic location (marketplaces, motor parks, universities).
• Offer fast and reliable services.
• Partner with reputable providers like Opay, Moniepoint, or Palmpay.

Here are the official websites:

• Opay: https://www.opayweb.com
• Moniepoint: https://www.moniepoint.com
• Palmpay: https://www.palmpay.com

---

2. Wig-Selling Business in Nigeria

The wig business is one of the most lucrative businesses in Nigeria today. Women love wigs, and with the rise of social media marketing, it’s easier than ever to reach potential customers.

Startup Cost Breakdown:

• Wholesale wigs (synthetic & human hair): ₦60,000 – ₦80,000
• Branding & packaging: ₦10,000 – ₦20,000
• Marketing (Instagram & WhatsApp ads): ₦10,000

Profit Potential:

You can sell wigs for ₦10,000 – ₦50,000 each, depending on quality. Selling just 10-15 wigs per month can bring in over ₦200,000! 💰

How to Succeed:

• Source affordable wigs from online wholesalers (Alibaba, Lagos markets).
• Use Instagram & WhatsApp marketing to attract buyers.
• Offer installment payments or bulk deals for higher sales.

---

3. Liquid Soap Making Business

The demand for liquid soap is increasing as Nigerians prefer it for washing dishes, clothes, and hands. This is a low-cost, high-profit business!

Startup Cost Breakdown:

• Chemicals & ingredients: ₦40,000
• Plastic bottles & branding: ₦30,000
• Marketing & distribution: ₦20,000

Profit Potential:

A 5-liter gallon of liquid soap sells for about ₦2,500 – ₦4,000. Selling just 50 gallons monthly can generate over ₦100,000 in profit. 💵

How to Succeed:

• Sell to hotels, schools, and supermarkets.
• Create branded packaging for professionalism.
• Use social media & word-of-mouth marketing.

---

4. Mobile Phone Accessories Business

Almost every Nigerian owns a smartphone, and accessories like chargers, earphones, and phone cases are always in demand.

Startup Cost Breakdown:

• Wholesale phone accessories: ₦80,000
• Shop space or online store setup: ₦10,000 – ₦20,000

Profit Potential:

Most accessories sell with at least a 50% profit margin. Selling 10-20 items daily can bring in ₦150,000 – ₦300,000 monthly! 📱💰

How to Succeed:

• Buy from Alaba Market or Computer Village at wholesale prices.
• Sell on Instagram, WhatsApp, or Jumia/Konga.
• Provide fast delivery & customer support.

---

5. Baking & Catering Business

Love baking? With 100K, you can start a mini baking business making cakes, meat pies, and small chops for parties and events.

Startup Cost Breakdown:

• Baking ingredients & equipment: ₦70,000
• Packaging & branding: ₦20,000
• Marketing: ₦10,000

Profit Potential:

A birthday cake sells for ₦15,000 – ₦30,000. With consistent orders, you can make ₦200,000+ per month. 🎂💰

How to Succeed:

• Take an online baking class if needed.
• Market through WhatsApp groups & Instagram.
• Offer home delivery for convenience.

---

6. Cryptocurrency Trading

Crypto is a high-risk, high-reward business. If you understand the market, you can trade and double your 100K in weeks.

Startup Cost Breakdown:

• Trading capital: ₦100,000
• Binance or KuCoin registration: Free
• Crypto education (YouTube, Twitter): ₦0

Profit Potential:

Experienced traders make ₦10,000 – ₦50,000 daily. However, losses can happen, so proper risk management is key. 📈🔥

How to Succeed:

• Start with low-risk coins like BTC & ETH.
• Join crypto communities for market insights.
• Avoid scams & Ponzi schemes.

---

7. Laundry Business

With busy professionals, students, and families, laundry services are always in demand. Starting a laundry business is an excellent option if you’re looking to invest a small amount and earn consistently. 🧺

Startup Cost Breakdown:

• Buckets, detergents, and iron: ₦30,000 – ₦40,000
• Ironing board & clothes hangers: ₦10,000
• Generator (optional for power supply): ₦20,000
• Branding & marketing: ₦10,000

Profit Potential:

Depending on the size and type of laundry service, you can charge ₦1,000 – ₦5,000 per item. With a steady clientele, you could earn between ₦100,000 – ₦150,000 monthly. 💸

How to Succeed:

• Focus on providing excellent customer service.
• Offer door-to-door pick-up and delivery to attract busy clients.
• Market your services on social media and with referral discounts. 📱

---

8. Shawarma Selling Business

Shawarma has become a beloved snack in Nigeria. It’s a quick and affordable meal option, making it a great business opportunity. 🌯

Startup Cost Breakdown:

• Shawarma grill & equipment: ₦40,000 – ₦60,000
• Ingredients (chicken, vegetables, wraps): ₦30,000
• Packaging: ₦10,000
• Branding & marketing: ₦10,000

Profit Potential:

You can sell a shawarma for ₦1,500 – ₦3,500, depending on the location. If you sell 50-100 shawarmas daily, you can make ₦150,000 – ₦350,000 monthly. 💰🔥

How to Succeed:

• Set up your stall in high-traffic areas like markets, schools, or busy streets.
• Offer unique flavors or add-ons to stand out.
• Use social media to advertise with special deals and combos. 📢

---

9. Popcorn Business in Nigeria

Popcorn is a simple yet profitable business. It has low startup costs and high profit potential, especially if you target the right audience. 🍿

Startup Cost Breakdown:

• Popcorn machine: ₦25,000 – ₦35,000
• Corn, butter, flavorings, and packaging: ₦20,000 – ₦30,000
• Branding & marketing: ₦10,000

Profit Potential:

A serving of popcorn can be sold for ₦200 – ₦500. With a well-positioned stall, you can easily sell over 100 bags daily, earning between ₦100,000 – ₦200,000 per month. 💵

How to Succeed:

• Set up in areas with high foot traffic such as cinemas, schools, and parks.
• Offer flavored popcorn to attract more customers.
• Utilize social media to engage potential clients. 📲

---

10. Small-Scale Importation Business

The importation business is thriving as Nigerians are always seeking unique and affordable products from abroad. With 100K, you can import goods from countries like China, Turkey, or the UK. 🌍

Startup Cost Breakdown:

• Importing products from platforms like Alibaba or DHgate: ₦80,000
• Shipping fees & customs charges: ₦10,000 – ₦20,000
• Packaging & branding: ₦10,000

Profit Potential:

Depending on the type of product, you can sell at a markup of 50% to 100%. Popular products like fashion accessories, gadgets, and beauty items can generate over ₦150,000 in monthly profit. 💸

How to Succeed:

• Choose trending products with high demand.
• Find reliable suppliers with good reviews.
• Use platforms like Jumia or Instagram for marketing and sales. 🛒

---

11. E-Commerce Store Business in Nigeria

Starting an online store is a fantastic way to enter the business world with a small capital. Nigerians are increasingly shopping online, making this a rapidly growing industry. 💻🛍️

Startup Cost Breakdown:

• Setting up an online store (Instagram, WhatsApp, Shopify, Jumia): ₦20,000 – ₦40,000
• Inventory (fashion, electronics, skincare, etc.): ₦50,000 – ₦70,000
• Marketing (social media ads, influencers): ₦10,000

Profit Potential:

Selling items online can yield a profit margin of 30% – 50%. With consistent sales, you can make ₦100,000+ per month. 💰

How to Succeed:

• Choose in-demand products and optimize your online store for easy navigation.
• Use social media platforms to drive traffic and increase sales.
• Engage with influencers for wider reach and credibility. 📲

---

12. Mobile Phone Repair Business

With many people owning smartphones, the demand for mobile phone repairs is high. A mobile phone repair business allows you to start with minimal investment and serve a growing market. 📱

Startup Cost Breakdown:

• Basic repair tools: ₦40,000
• Training (optional but recommended): ₦20,000
• Marketing materials: ₦10,000

Profit Potential:

Mobile phone repairs can earn you between ₦2,000 – ₦10,000 per repair, depending on the issue. With regular clients, you could make ₦100,000 – ₦200,000 monthly. 💵

How to Succeed:

• Learn phone repair skills from online tutorials or short courses.
• Offer home service repairs for added convenience.
• Build a good reputation through excellent service and word-of-mouth. 🛠️

---

13. Makeup Artist Business in Nigeria

Makeup artistry is a profitable and highly in-demand skill, especially for weddings, parties, and corporate events. The business has minimal startup costs and offers high returns. 💄💋

Startup Cost Breakdown:

• Makeup products (foundation, brushes, etc.): ₦30,000 – ₦50,000
• Branding & marketing: ₦10,000
• Transportation (if traveling to clients): ₦10,000

Profit Potential:

You can charge ₦5,000 – ₦15,000 per client, depending on the service. With steady bookings, you can easily earn ₦100,000+ per month. 💸

How to Succeed:

• Create an Instagram or Facebook portfolio showcasing your work.
• Offer packages for bridal makeup or group bookings.
• Collaborate with event planners and photographers for referrals. 📸

14. Fruit Selling Business

Selling fruits is a smart investment, especially with the growing trend of healthy eating. Starting a fruit-selling business requires low investment but offers great returns if managed well. 🍎🍊

Startup Cost Breakdown:

• Buying fruits in bulk (apples, oranges, pineapples, etc.): ₦60,000 – ₦80,000
• Packaging materials (baskets, crates, or plastic bags): ₦10,000 – ₦15,000
• Branding & marketing: ₦10,000

Profit Potential:

You can sell fruits with a 30% – 50% profit margin. If you buy and sell in bulk, you can make ₦100,000 – ₦200,000 per month, especially if you source your fruits at a discount. 🍉💸

How to Succeed:

• Sell in high-traffic areas like markets, schools, or office complexes.
• Plan for seasonal fruits to take advantage of demand fluctuations.
• Consider expanding into fruit juices or fruit salad offerings to increase earnings. 🥝🍍

Final Thoughts:

Starting a business with 100K in Nigeria is more than possible, and there are countless opportunities in various industries. Whether it’s POS, wig-selling, mobile phone accessories, or even a laundry service, the key is to start small, focus on your niche, and scale as you grow. 🚀

The businesses listed above are just a few examples of what you can start with 100K. To succeed, be consistent, focus on customer service, and make use of social media marketing to reach your target audience. The road to entrepreneurship is not always smooth, but with hard work and dedication, you can make it profitable. 💪

So, which business are you most excited about? Share your thoughts in the comments, and take the first step toward your entrepreneurial journey today! ✨🚀