20 Businesses You Can Start From Under 3.5 Million Naira

Are you looking for a profitable business idea that you can start with a low capital in Nigeria? Do you want to become your own boss and create wealth for yourself and your family? If yes, then this blog post is for you.

In this post, I will share with you 20 businesses that you can start from under 3.5 million naira in Nigeria. These businesses are not only lucrative, but also have a high demand and a low competition in the market. Whether you are a student, a graduate, a stay-at-home parent, or a working professional, you can find a business idea that suits your skills, passion, and budget.

Before I reveal the 20 businesses, let me give you some tips on how to start a successful business in Nigeria:

• Do a market research to identify the needs and problems of your target customers, and how you can solve them with your product or service.
• Write a business plan that outlines your vision, mission, goals, strategies, budget, and marketing plan.
• Register your business name with the Corporate Affairs Commission (CAC) and obtain the necessary permits and licenses from the relevant authorities.
• Choose a suitable location for your business that is accessible, secure, and has a good traffic of potential customers.
• Hire qualified and trustworthy staff to help you run your business efficiently and effectively.
• Promote your business through various channels such as word-of-mouth, social media, flyers, banners, radio, TV, etc.
• Provide excellent customer service and quality products or services that will satisfy your customers and make them loyal to your brand.
• Keep track of your income and expenses, and reinvest your profits to grow your business.

Now that you have some basic tips on how to start a business in Nigeria, let me show you the 20 businesses that you can start from under 3.5 million naira:

1. Poultry Farming

Poultry farming is one of the most profitable and popular agribusinesses in Nigeria. It involves raising chickens, turkeys, ducks, geese, or other birds for meat, eggs, or feathers. Poultry farming has a high demand and a low supply in Nigeria, as most of the poultry products are imported from other countries. You can start a poultry farm with as little as 500,000 naira, depending on the scale and type of poultry you want to raise. You will need to buy or rent a land, build a poultry house, buy or hatch poultry chicks, buy feed, vaccines, and equipment, and hire workers. You can sell your poultry products to individuals, restaurants, hotels, supermarkets, or other businesses. You can also add value to your products by processing them into smoked chicken, chicken sausage, chicken pie, etc.

2. Laundry and Dry Cleaning Service

Laundry and dry cleaning service is another lucrative business that you can start with a low capital in Nigeria. It involves washing, drying, ironing, and delivering clothes and other fabrics for your customers. Laundry and dry cleaning service has a high demand and a low competition in Nigeria, as most people are busy and do not have time or energy to do their laundry themselves. You can start a laundry and dry cleaning service with as little as 300,000 naira, depending on the size and location of your shop. You will need to rent a shop, buy or lease washing machines, dryers, irons, hangers, detergents, and other supplies, and hire workers. You can attract customers by offering quality service, affordable prices, fast delivery, and discounts.

3. Catering Service

Catering service is another profitable business that you can start with a low capital in Nigeria. It involves preparing and serving food and drinks for various events such as weddings, birthdays, anniversaries, corporate meetings, etc. Catering service has a high demand and a low competition in Nigeria, as most people prefer to hire caterers than to cook for their guests themselves. You can start a catering service with as little as 500,000 naira, depending on the scale and type of catering you want to offer. You will need to buy or rent cooking utensils, plates, cutlery, tablecloths, napkins, and other accessories, and hire cooks, servers, and cleaners. You can market your catering service by creating a menu, printing flyers, creating a website, and networking with event planners, venues, and other caterers.

4. Mini Importation Business

Mini importation business is another lucrative business that you can start with a low capital in Nigeria. It involves buying cheap and quality products from China, USA, UK, or other countries, and selling them at a higher price in Nigeria. Mini importation business has a high demand and a low competition in Nigeria, as most people are looking for affordable and quality products that are not readily available in the local market. You can start a mini importation business with as little as 100,000 naira, depending on the type and quantity of products you want to import. You will need to register with an online platform such as Alibaba, AliExpress, Amazon, eBay, etc., where you can find and order products from various suppliers. You will also need to pay for shipping, customs, and clearance fees, and find a reliable courier service to deliver your products to your customers. You can sell your products online through social media, e-commerce platforms, or your own website, or offline through your shop, kiosk, or agents.

5. Snail Farming

Snail farming is another profitable and popular agribusiness in Nigeria. It involves raising snails for meat, shells, or slime. Snail farming has a high demand and a low supply in Nigeria, as most of the snails are harvested from the wild, which is unsustainable and illegal. Snail farming is also environmentally friendly, as snails do not require much space, feed, water, or medication, and do not produce much waste. You can start a snail farm with as little as 200,000 naira, depending on the scale and type of snails you want to raise. You will need to buy or rent a land, build a snail pen, buy or collect snail eggs or juveniles, buy feed, and hire workers. You can sell your snails to individuals, restaurants, hotels, supermarkets, or other businesses. You can also add value to your snails by processing them into snail pepper soup, snail sauce, snail powder, etc.

6. Hair Salon or Barbing Salon

Hair salon or barbing salon is another lucrative business that you can start with a low capital in Nigeria. It involves styling, cutting, coloring, braiding, weaving, or shaving hair for your customers. Hair salon or barbing salon has a high demand and a low competition in Nigeria, as most people are conscious of their appearance and want to look good and fashionable. You can start a hair salon or barbing salon with as little as 300,000 naira, depending on the size and location of your shop. You will need to rent a shop, buy or lease chairs, mirrors, scissors, clippers, combs, brushes, hair products, and other accessories, and hire stylists or barbers. You can attract customers by offering quality service, affordable prices, trendy styles, and referrals.

7. Photography Service

Photography service is another profitable business that you can start with a low capital in Nigeria. It involves taking and editing pictures or videos for various purposes such as weddings, birthdays, anniversaries, corporate events, portraits, etc. Photography service has a high demand and a low competition in Nigeria, as most people want to capture and preserve their memories and moments. You can start a photography service with as little as 500,000 naira, depending on the quality and quantity of equipment you want to use. You will need to buy or lease a camera, lenses, tripod, flash, memory cards, batteries, laptop, editing software, and other accessories, and hire assistants. You can market your photography service by creating a portfolio, printing flyers, creating a website, and networking with event planners, venues, and other photographers.

8. Car Wash Service

Car wash service is another lucrative business that you can start with a low capital in Nigeria. It involves washing, waxing, polishing, and detailing cars and other vehicles for your customers. Car wash service has a high demand and a low competition in Nigeria, as most car owners do not have time or facilities to wash their cars themselves. You can start a car wash service with as little as 300,000 naira, depending on the size and location of your car wash. You will need to rent a land, buy or lease a water tank, pump, hose, nozzle, buckets, brushes, sponges, detergents, and other supplies, and hire workers. You can attract customers by offering quality service, affordable prices, fast delivery, and loyalty programs.

9. Bakery Business

Bakery business is another profitable business that you can start with a low capital in Nigeria. It involves baking and selling bread, cakes, pastries, cookies, and other baked goods for your customers. Bakery business has a high demand and a low competition in Nigeria, as most people love to eat and buy baked goods for various occasions. You can start a bakery business with as little as 1 million naira, depending on the scale and type of bakery you want to run. You will need to rent a shop, buy or lease an oven, mixer, slicer, proofer, trays, racks, utensils, ingredients, and other supplies, and hire bakers.

10. Soap Making Business

Soap making business is another profitable business that you can start with a low capital in Nigeria. It involves making and selling soap, detergent, liquid soap, or other cleaning products for your customers. Soap making business has a high demand and a low competition in Nigeria, as most people need soap for washing, bathing, or cleaning purposes. You can start a soap making business with as little as 200,000 naira, depending on the scale and type of soap you want to make. You will need to buy or rent a space, buy or lease a mixer, boiler, cutter, molds, packaging materials, ingredients, and other supplies, and hire workers. You can sell your soap to individuals, households, hotels, hospitals, schools, or other businesses. You can also add value to your soap by making it organic, herbal, or fragrant.

11. Recharge Card Printing Business

Recharge card printing business is another lucrative business that you can start with a low capital in Nigeria. It involves printing and selling recharge cards or vouchers for various mobile network operators such as MTN, Glo, Airtel, 9mobile, etc. Recharge card printing business has a high demand and a low competition in Nigeria, as most people use mobile phones and need to recharge their airtime or data regularly. You can start a recharge card printing business with as little as 100,000 naira, depending on the quantity and denomination of recharge cards you want to print. You will need to buy or lease a computer, printer, paper, software, and pins, and hire workers. You can sell your recharge cards to individuals, retailers, wholesalers, or other businesses. You can also make extra income by offering other services such as bill payment, money transfer, or airtime top-up.

12. Popcorn Production Business

Popcorn production business is another profitable business that you can start with a low capital in Nigeria. It involves making and selling popcorn, a popular snack made from corn kernels that are heated until they pop. Popcorn production business has a high demand and a low competition in Nigeria, as most people love to eat popcorn as a snack, especially when watching movies, sports, or other events. You can start a popcorn production business with as little as 50,000 naira, depending on the scale and type of popcorn you want to make. You will need to buy or rent a space, buy or lease a popcorn machine, corn, oil, sugar, salt, flavor, and packaging materials, and hire workers. You can sell your popcorn to individuals, cinemas, stadiums, schools, or other businesses. You can also add value to your popcorn by making it caramel, cheese, chocolate, or spicy.

13. Fish Farming

Fish farming is another profitable and popular agribusiness in Nigeria. It involves raising fish for meat, eggs, or fingerlings. Fish farming has a high demand and a low supply in Nigeria, as most of the fish are imported from other countries. Fish farming is also environmentally friendly, as fish do not require much land, feed, water, or medication, and do not produce much waste. You can start a fish farm with as little as 500,000 naira, depending on the scale and type of fish you want to raise. You will need to buy or rent a land, dig or build a fish pond, buy or hatch fish eggs or fingerlings, buy feed, and hire workers. You can sell your fish to individuals, restaurants, hotels, supermarkets, or other businesses. You can also add value to your fish by processing them into smoked fish, fish pie, fish sauce, fish powder, etc.

14. Tailoring Service

Tailoring service is another lucrative business that you can start with a low capital in Nigeria. It involves sewing, mending, altering, or designing clothes and other fabrics for your customers. Tailoring service has a high demand and a low competition in Nigeria, as most people want to wear clothes that fit them well and suit their taste and style. You can start a tailoring service with as little as 300,000 naira, depending on the size and location of your shop. You will need to rent a shop, buy or lease a sewing machine, scissors, needles, threads, buttons, zippers, fabrics, and other accessories, and hire tailors. You can attract customers by offering quality service, affordable prices, trendy designs, and referrals.

15. Blogging

Blogging is another profitable business that you can start with a low capital in Nigeria. It involves creating and publishing content on a website or a blog, on various topics such as news, entertainment, education, health, sports, lifestyle, etc. Blogging has a high demand and a low competition in Nigeria, as most people use the internet to access information, entertainment, or education. You can start a blog with as little as 50,000 naira, depending on the quality and quantity of content you want to create. You will need to buy or lease a domain name, hosting service, website template, laptop, internet connection, and other tools, and hire writers, editors, or designers. You can make money from your blog by displaying ads, selling products or services, offering sponsored posts, or receiving donations.

16. Tutoring Service

Tutoring service is another profitable business that you can start with a low capital in Nigeria. It involves teaching, coaching, or mentoring students or learners on various subjects such as mathematics, English, science, etc. Tutoring service has a high demand and a low competition in Nigeria, as most students or learners need extra help or guidance to improve their academic performance or skills. You can start a tutoring service with as little as 100,000 naira, depending on the level and type of tutoring you want to offer. You will need to buy or rent a space, buy or lease a board, marker, books, and other materials, and hire tutors. You can attract students or learners by offering quality service, affordable prices, flexible schedule, and referrals.

17. Printing Service

Printing service is another lucrative business that you can start with a low capital in Nigeria. It involves printing and selling various items such as flyers, banners, posters, stickers, labels, business cards, etc. Printing service has a high demand and a low competition in Nigeria, as most businesses or individuals need to print various items for promotion, communication, or identification purposes. You can start a printing service with as little as 300,000 naira, depending on the quality and quantity of items you want to print. You will need to buy or lease a printer, paper, ink, and other supplies, and hire workers. You can sell your printed items to individuals, businesses, schools, churches, or other organizations.

18. Event Planning Service

Event planning service is another profitable business that you can start with a low capital in Nigeria. It involves planning, organizing, and managing various events such as weddings, birthdays, anniversaries, corporate meetings, etc. Event planning service has a high demand and a low competition in Nigeria, as most people want to have memorable and successful events without stress or hassle. You can start an event planning service with as little as 500,000 naira, depending on the scale and type of events you want to plan. You will need to buy or rent a space, buy or lease a phone, laptop, internet connection, and other tools, and hire event planners, coordinators, or assistants. You can market your event planning service by creating a portfolio, printing flyers, creating a website, and networking with event vendors, venues, and clients.

19. Makeup Service

Makeup service is another lucrative business that you can start with a low capital in Nigeria. It involves applying makeup, cosmetics, or other beauty products to enhance the appearance of your customers. Makeup service has a high demand and a low competition in Nigeria, as most people want to look beautiful and attractive for various occasions. You can start a makeup service with as little as 200,000 naira, depending on the quality and quantity of makeup products you want to use. You will need to buy or rent a space, buy or lease a makeup kit, brushes, mirrors, lights, and other accessories, and hire makeup artists. You can attract customers by offering quality service, affordable prices, trendy styles, and referrals.

20. Online Marketing Service

Online marketing service is another profitable business that you can start with a low capital in Nigeria. It involves promoting, advertising, or selling products or services online through various channels such as social media, email, website, blog, etc. Online marketing service has a high demand and a low competition in Nigeria, as most businesses or individuals want to reach and attract more customers online. You can start an online marketing service with as little as 100,000 naira, depending on the type and scope of online marketing you want to offer. You will need to buy or lease a laptop, internet connection, and other tools, and hire online marketers, writers, designers, or developers. You can market your online marketing service by creating a portfolio, printing flyers, creating a website, and networking with online platforms, businesses, or individuals.

I hope this blog post has given you some ideas on how to start a business in Nigeria with a low capital. Remember, the key to success is to do your research, plan your business, register your business, choose your location, hire your staff, promote your business, provide excellent service, and keep track of your finances. I wish you all the best in your entrepreneurial journey. Thank you for reading.