You have 100k. Rent is due. Fuel is up. The economy’s tight—and your 9-5 isn’t cutting it anymore. So what now? You’re probably thinking of a business to start with 100k, but everywhere you turn, it feels like the money just isn’t enough.
Truth is, ₦100,000 won’t build a factory—but with the right idea, it can launch something real. Something smart. Something profitable. In this guide, we’ll break down 10 profitable business to start with ₦100k in Nigeria, so you stop waiting and start building.
Is N100,000 Enough to Start a Business in Nigeria?
Yes, N100k can be enough to start a business in Nigeria—if spent wisely. While it may not cover large-scale ventures, it’s sufficient for several low-capital opportunities that offer quick returns.
You can begin small, grow steadily, and reinvest profits. What matters most is choosing the right business model and staying consistent. With focus and smart budgeting, that ₦100,000 could be the foundation of something much bigger. That said, what business should you start with ₦100k in Nigeria?
Businesses to Start with 100k in Nigeria
10 Business to start with 100k in Nigeria
Here are 7 business to start with 100k in Nigeria:
1. Foodstuff Reselling
Foodstuff Reselling is a practical business to start with ₦100,000, especially in high-demand areas. You can buy staple goods like rice, beans, garri, or noodles in bulk from local markets and resell them in smaller quantities for profit.
With careful planning and a good location—or even home delivery—you can quickly turn over your stock and reinvest earnings. The demand for food in Nigeria never fades, making this a stable and scalable option. Plus, you don’t need a shop to begin; start small, sell to neighbors, or supply local food vendors.
2. Mobile Phone Accessories Business
Mobile Phone Accessories Business is booming thanks to Nigeria’s growing smartphone market. With just a small stall or even online presence, you can sell items like chargers, earphones, screen guards, and phone cases. It’s a smart business to start with ₦100,000, offering quick turnover and high demand.
As a low capital business in Nigeria, it requires minimal space and inventory to get going. You can source accessories from wholesalers in Lagos or online markets, brand them attractively, and sell for profit.
3. POS (Point of Sale) Agent Business
POS (Point of Sale) Agent Business is one of the best businesses to start with ₦100,000 in Nigeria. With a basic setup including a POS machine, registration with a bank or fintech company, and a small kiosk, you can begin offering cash withdrawal, deposit, and bill payment services.
This is a highly profitable low capital business in Nigeria, especially in areas with limited access to banks or ATMs. Daily transactions bring in steady commissions, and with good customer service, you can quickly build a loyal customer base. You can register with trusted fintech companies like:
- Moniepoint: ₦21,500 (non-refundable purchase option)
- Opay: ₦35,000–₦45,000 typical caution fee—and sometimes refundable
- PalmPay: ₦20,000 caution or ₦40,000 to fully own.
Also read 6 ways to make money online in Nigeria as a student
4. Freelance Services (Writing, Design, etc.)
Freelance Services (Writing, Design, etc.) are ideal for skilled individuals looking to earn from home. With ₦100,000, you can set up a basic workspace—get internet access, upgrade your laptop, and register on freelance platforms.
It’s one of the best business with 100k capital, requiring little overhead and offering global opportunities. You can earn from clients locally and internationally. As one of the fastest-growing side hustles in Nigeria, it allows flexibility while building a steady, scalable income stream over time.
Common freelance services to start are:
- Content Writing – Blog posts, web copy, product descriptions.
- Graphic Design – Logos, flyers, social media graphics.
- Social Media Management – Handling pages, content planning, and engagement.
- Web Design – Basic websites using WordPress or website builders.
- Video Editing – Short videos, reels, YouTube content.
- Transcription Services – Converting audio or video to text.
- Virtual Assistance – Managing emails, scheduling, admin tasks.
- Copywriting – Ad copy, landing pages, sales content.
- UI/UX Design – Wireframes, app interfaces, user experience optimization.
- Voice-over Services – Narration for ads, e-learning, or YouTube videos.
5. Charging Spot for Phones (in Off-Grid Areas)
Charging Spot for Phones (in Off-Grid Areas) is a smart profitable daily income business in Nigeria and a practical business to start with 100k in Nigeria, especially in communities with unstable or no electricity.
People need to keep their phones powered for work, school, and communication—making this service essential.
Here’s how to set it up with ₦100,000:
- Small generator (fairly used) – ₦45,000–₦55,000
- Extension boxes and multiple charging ports – ₦10,000–₦15,000
- Fuel (startup supply) – ₦5,000–₦10,000
- Basic shelter or kiosk setup – ₦10,000–₦25,000
- Marketing (signpost, word-of-mouth) – ₦5,000– ₦10,000
Charge ₦50–₦100 per phone. With 30–50 customers daily, you could earn ₦1,500–₦5,000 per day. Offer bulk or overnight discounts to attract loyal customers and increase usage.
6. Thrift (Okrika) Clothing Sales
Thrift (Okrika) Clothing Sales is a profitable venture, especially in busy areas or online. With as little as ₦30,000, you can buy a bale or select-grade thrift clothes from markets like Yaba, Katangua, or Aswani.
Spend part of your ₦100,000 on transportation, branding, and social media promotion. Clean and sort items to increase value, then resell for 2–3x the purchase price.
This is one of the most reliable side hustles in Nigeria, offering fast turnover and low risk. It’s also a smart business to start with 100k, especially for students, stay-at-home moms, or anyone with sales skills.
7. Home-Based Catering or Snacks Production
Looking for a business to start with 100k in Nigeria that guarantees daily sales? Home-based catering or snacks production is a solid choice.
With ₦100,000, you can start small by producing snacks like puff-puff, chin chin, meat pies, or small chops from your kitchen.
Here’s how to break down the budget:
- Cooking utensils and trays – ₦20,000
- Gas and stove – ₦30,000
- Raw ingredients (flour, oil, sugar, meat, etc.) – ₦30,000
- Packaging and branding – ₦10,000
- Marketing (WhatsApp, Instagram ads, flyers) – ₦10,000
Sell to schools, offices, or supply to vendors. Offer delivery or pickup to increase reach. Consistency, hygiene, and quality are key to building loyal customers. Start with your circle and grow from there—it’s a profitable way to turn cooking skills into steady cash flow.
Also read: 12 businesses you can start with 50k
8. Liquid Soap and Detergent Production
Liquid Soap and Detergent Production is one of the best businesses to start in Nigeria today with 100k due to its low startup cost and high demand. With as little as ₦30,000, you can buy raw materials, containers, and branding labels.
These products are essential for homes, restaurants, and offices, making it easy to sell consistently. You can produce from home and supply to local shops or sell directly to consumers. It’s also one of the most sustainable side hustles in Nigeria, allowing you to scale gradually as demand grows while maintaining a steady stream of income.
9. Mini Importation Business
Mini Importation Business is one of the most profitable small business ideas in Nigeria, especially for people looking to earn online.
With ₦100,000, you can start importing items like fashion accessories, gadgets, beauty products, or baby items from platforms like 1688, Alibaba, or CJdropshipping.
Here’s a sample budget breakdown:
- Product purchase (e.g., wristwatches, phone cases, lashes) – ₦50,000
- Shipping and clearing (via agents) –₦10,000 to ₦30,000
- Branding and packaging – ₦10,000
- Social media ads/WhatsApp marketing tools – ₦5, 000 to ₦25,000
- Logistics and delivery fees – Varies.
Use platforms like Instagram, Jumia, or your WhatsApp status to sell fast-moving items. Learn how to source cheaply, calculate profit margins, and partner with reliable shipping agents. With consistency, you can reinvest and grow your product line steadily.
10. Tutoring or Home Lesson Services
Tutoring or Home Lesson Services is a great business to start with 100k in Nigeria, especially for students, teachers, or graduates. With minimal investment, you can print flyers, register on tutoring platforms, and buy basic teaching materials. Use ₦10,000–₦20,000 for marketing and transport, then start offering home lessons.
It’s one of the easiest side hustles in Nigeria, with earnings of ₦5,000–₦15,000 per student weekly. As a sustainable small-scale venture, it requires little overhead and can grow into a full tutoring business over time. Focus on core subjects and build trust for steady income.
FAQs
What business can I start with 100k as a Student
The businesses you can start with ₦100,000 as a student are mini importation, data reselling, thrift clothing sales, liquid soap production, and freelance services like writing or graphic design.
What business can I start with 100k in Nigeria
The businesses you can start with ₦100,000 in Nigeria are POS agent services, foodstuff reselling, mobile phone accessories sales, small-scale farming, and liquid soap production.
What business can I start with 100k as a Lady
The businesses you can start with ₦100,000 as a lady are hair and beauty product sales, snacks and catering, wig-making, thrift fashion, and soap/detergent production.
What business can I start with 100k in Lagos?
The businesses you can start with ₦100,000 in Lagos are POS business, mobile accessories sales, laundry services, food vending, and social media management.
