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2022 Lucrative Business Ideas in Nigeria: This is how to start Any – Do you need to start a lucrative business in today’s Nigeria? Are you a young graduate who wants to dive into business? Then, you guessed right. This is because there are numbers of startup business ideas in Nigeria that are quite lucrative that you can start in 2022. In fact, the advent of COVID-19 Pandemic has changed the trend of many businesses. It has also opened up large business horizons for upcoming and existing entrepreneurs. So, this post gives you full highlights on how to start many of them. You just have to read on.

Current Business Trend:

As a matter of fact, businesses are not what they used to be. Change and innovation is the trust of the current business ideas. So, if you are an existing entrepreneur still doing things the way you used to before COVID-19, you will soon close down. That also means that the up-coming entrepreneur should use the old business ideas as history to build on or innovate on.

Yea! If you have decided to start a sustainable business, then you have a great opportunity to make good money out of it. In fact, starting a business is a sure way to build generational wealth. This is why we are sharing with you the exact post COVID-19 business ideas that are very profitable in Nigeria.

In fact, there are a variety of them. Some are simple and won’t stress you out as you think.  But, in fact, comes with a high success rate and little to no capital investment.

Another trend is that you can now be a business expert from the comfort of your home with the right mindset and determination. COVID-19 taught people how to work from home. In fact, I hear that over 20% of office spaces are empty in New York because people have learnt how to work from their homes. Such business ideas are covered here. So,  do you see, that if you are planning to start a lucrative business here in Nigeria, the right time  would have been yesterday. Well, the second-best time is now.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

Get started – Don’t let anything hinder you:

Yes! Get started. Even you as an employee. As long as you want to have multiple income streams.  Or are you a student who has decided to venture into a business during holidays and strikes? I tell you; now is the best time to start.  I hope you have not forgotten the lessons of the COVID-19 lock-down. The fact is that if you do not have any supportive business by now, you are locking yourself down the second time. So, wake up. We have several business ideas here to stare your business acumen up.

 Check out if this post is for you:

In fact, I appreciate you desire to achieve you goals in this post, So, please read on. One way to help yourself is to bookmark this page now for further references. Another way is to try to click to read other linked articles that are related to this post. That is a sure way of getting maximum benefit from this post. If you subscribe to your mail list below, you are sure of regular updates too.

Frequently Asked Questions:

These are some of the questions that bother you. We want to start from answering them as a general preamble to this topic.

What Business Can I Start with 10K in Nigeria?

There a lot of businesses that you can start with 10k or less. As highlighted in many segments below,  the list of startup business ideas will be a guide to start your business in Nigeria today.

Can I Start a Business with no Money?

Absolutely. There are a few businesses that you can start with no cash investment. Especially, if you have your training already. Many of them are highlighted here.

What Business Can a student like me start?

There are a lot of them. Can I teach of how to write for my websites? So, as a student, there are lots of businesses you can start. In fact, you can also offer social media management services to businesses.

What Businesses are Currently in High Demand in Nigeria?

All businesses highlighted in this post are in high demand in Nigeria. Kindly review the list of the business ideas that are profitable to start in Nigeria.

2022 Lucrative Business Ideas in Nigeria:

Highlighted below are listed examples of startup business ideas in Nigeria. They are those you can start, some with large capital while others are with little capital. They are all profiting making businesses.

  1. Real estate business ideas

It’s said that  ”the real estate business is the road to take”. You know why? I tell you. It’s because, its among the most lucrative passive income sources. That means you can make money from it working full time in your regular job. In fact, passive incomes come even when you’re asleep.

As a matter of fact, as an entrepreneur you must dreams to retire one day.  It can also make you financially free. That is if you build  various passive income streams like real estate.

2. Cake baking business ideas in Nigeria

Family and societal events go on everyday around us. These are wedding, birthday, one anniversary or the other and includes end of year parties and house warming parties. These present huge opportunities in the baking industry.

As a matter of fact, baking of anything, decoration becomes great business ideas here. Included are selling unique cakes and cupcakes for occasions as listed above. In fact, these are great business ideas for the hobby baker to venture into, and one that is potentially lucrative.

This is one of the businesses you can start from your kitchen with a very small budget. Then think of an effective marketing strategy for it. Just start by forwarding your cake samples to interested parties and party planners to ensure they partner with you when the need arises. You can also showcase your works on Instagram and Facebook using the most effective hashtags that drives sales.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

3.Cellphone accessories

Have you realized that selling of mobile phone accessories is a very lucrative business in Nigeria today? Statista reports that the number of phone users in Nigeria is projected to grow to more than 140 million in 2025. And, in fact, every one of us that uses mobile phone needs one or two phone accessories every now and then. So, you see that selling mobile phone accessories can’t be a bad business idea.

As a matter of fact, amongst the common accessories in demand are, batteries, airpod, battery chargers, memory cards, earpieces, pouches, screen guards, and so on. In fact, you can seek partnership or collaboration with vendors at Computer Village nearest to you. That will enable you get your supplies. In addition, you can also get supplies from online stores. Here again, with Phone Accessories business you can easily start an online importation.

NOTE:

Have you observed the several business links associated with the business ideas so far highlighted? You are encouraged, as you read this article to watch and think in between the lines to see the associated business ideas with each business idea value chain. It’s part of our corporate social responsibility to bring this business information to your notice. On our own part, we feel this is how we help to create jobs, income generation and in-plant societal welfare and harmony.

Associated with these are our business start-up processes like CAC documentations, Tax matters, PENCOM/ITF/NSITF certifications. You may wish to get your business bank account SCUML We can work for you in these instances, just to ensure you start your business seamlessly. Contacts are cessummit0518@gmail.com, 09053130518 or 08121687036 – office times.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

4. Blogging

Blogging will make you a boss of your good self.  One peculiar thing about it is that you work at your time. And that is, whenever and wherever you want. But, hee! It’s time consuming, so much that you may begin to think that the Blogging is your boss.

As a matter of fact, you just have to choose a profitable niche.  And that must be where your passion lies. Otherwise, you may not be able to sustain the business. When I started, I thought I would be able to showcase different niche in one site, but that became a great drawback for me.  But, today, I have 5 different sites to support every angle of my professional practice.

You will need a good laptop and a good internet connection to start a profitable blog in Nigeria. Then, as you would want your post to be found on search engine result pages without promoting the content all of the time, you would need to acquire top digital marketing skills (SEO) for search engines like Google or hire the services of an SEO Expert in Nigeria. SEO means search engine optimization.

Furthermore, you may start a free blog with WordPress, Blogger or Wix. And, if you have some fund, set up your blog on a self-hosted server; publish quality content, drive qualified traffic to the content, get their confidence, trust and then monetize your blog with Google AdSense, affiliate marketing, display advertisement, or sell quality information products such as e-books, etc. To this extent, you may need as much as N200k to get on very fine.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

5. Egg Supply and Distribution Business Idea

Poultry products are being on high demand these days. Social factors like increase in population, education etc. are affecting the demand. And, climatic, environmental and medical/health factors are affecting the supply. So, you see that egg supply and distribution isn’t a bad business idea. In fact, you can as well own a poultry farm to make things easier for yourself.

With a good distribution business plan we can do for you, we define your market segmentation. Draw  up your marketing strategies, and you can have organizations like the hotels, schools and  retailers as part of your clientele.

You do not to be told that egg is consumed on a daily basis and it is a good source of animal protein. And, aside from that, eggs are used in the manufacture of products such as soaps, confectioneries, cosmetics, hair conditioners, shampoo, glue as well as face mask etc. These have help to promote egg supply and distribution business. In fact, it has made it a very profitable business idea to start in Nigeria make money any time.

6. Ice Block Production and Sale Business Idea.

Think about why and how ice block business prospers in Nigeria. And then you will understand why most startup business ideas in Nigeria considers ice block production as a priority business idea.

Yes, Nigeria is in the tropical zone geographically. So, every part of Nigeria is with an abundance of sunlight and heat. And, that promotes ice block business. In fact, that has made it  a profitable business idea to kick start even with a very small capital.

So, get started. You just need good freezer, electricity and water.  That’s all. The water becomes the ice blocks after freezing. In places where there is no good electricity supply, you will see people coming to you to preserve things like their meat etc.

Then people and organizations get ice blocks to get their drinks and even drinking water cold at least. So, this is how to make money from just water. In fact, this process is just to transform ordinary water to something else for an entirely different purpose.

7. Car wash business ideas

Cars everywhere. Busy car owners here and there. Some are even lazy to clean the car ordinarily. So, the need for car wash will always be on the increase. Therefore, anyone irrespective of age and experience can venture into car wash business in Nigeria.

As mentioned above, Car wash business becomes very lucrative as most car owners don’t have the time to wash their cars. And, considering their busy schedule, the next available option is to go for a car wash.

Now, think of the requirements to start one. You need a good location space that can be rented, source of water supply and the washing machine to be used. Then, amount of money, say, N10k for working capital. Large ones make provisions for snacks bar, install TV sets and other provisions to make customers comfortable while waiting for their cards to be ready.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

8.  Uber business ideas in Nigeria

Uber Driver Operator is an innovated taxi services operation.  So, you don’t need to be told Uber is really common in places like Lagos, Abuja and a few other parts of Nigeria. As a matter of fact, many people choose to become Uber driver because in addition to the freedom that comes with it, it’s also a lucrative business idea.

So, if you possess a car, then you are on your take off lane. Therefore, all you have to do now is to become part of the uberpreneurs. Once that is done, you start making money by getting your own commission on each ride.

This is an opportunity to manage your schedules. It therefore enables you to work with the time that best suits you. In fact, some Uber drivers do full time while others drive at night or during the day part-time. The average Uber driver makes between 80,000 to 120,000 Naira every week.

9. Tailoring and Fashion Designer Business Idea:

This is very lucrative these days. In fact, because it’s skill-based, you require training for it.  With this skill acquired, you are ready to make money.

Do you know that tailoring is now even more lucrative than ever before. But you have to know the difference between a tailor and a fashion designer. However, the combination of the two will give you what you want.

Tailors are highly responsible for clothing who-is-who in the society. To do better, you can advertise your work online using an online marketing strategy that works to attract customers.

10. Freelance Blog Content Writer:

This is also called content development or Ghost Writing. What it means is that you will be writing for other people’s sites for a pay. So, for those of you asking for what business you can start with little capital as a student, this is one.

Therefore, if you consider yourself a content writer, then you can start. In fact, setting up your freelance content development could be a lucrative side. This is because you can start today and run it even when you have a full-time job.

So, you can start today with your computer and source of internet. One good ting about this is that you can develop contents at your own convenience, whenever you’re free. And then, you’ll be getting paid, either monthly or weekly. Don’t you like this?

For further explanations, a ghostwriter is someone that writes a copy of articles, speeches, blog posts, email newsletters, web copy, etc. for others.  And is not given credit for the work, instead, the credit goes to your client or the person that hired you.  If you bookmark this page, you can always refer to it to see more ways on how to make money online in Nigeria.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

. 11. Mobile Food Business

Food is a fundamental need of man universally. And if you ever asked, what is the fastest-selling products in Nigeria? Anything food business, is it. Therefore, whatever class you belong to in a society, need food. So, that is why the food business ideas will always be a profitable business in Nigeria.

Have you also wondered why bachelors do not have enough time to cook at home?

Again, this is when the services of a Mobile food vendor is essential. In fact, the mobile food vendor might be arranged to deliver the food in your office or any chosen location. Certain restaurants are doing this already in some towns in Nigeria. Do you know that this one of the ways to do away with junk food?

As a matter of fact, these are the things you, the mobile food vendor should know so that you will be able to pattern your food business for sustainability. You must therefore, try as much as you can to be different. This you can do by focusing on a niche and scaling it up regularly. That will ensure your customers come back and even recommend you to others.

12. Plantain Chips Production Business Ideas:

This form of business idea can be separated into the production and the sales. This is the popular, delicious crunchy snack made from unripe and ripe plantain everywhere. As a matter of fact, hawkers sell them to travelers on highways and in traffic jams.

Why do you see this everywhere?  I tell you; it’s because it has become such a profitable business in Nigeria. So, you do not need large capital to start this production. In fact, with less than N100,000 you should be able to start procuring plantains for plantain chip production. You may wish to get a mentor in this business. That is the service of a successful coach in the business. That will help you learn some recipes and develop long term business plan that is scalable.

13. Cosmetics Business Ideas:

This is another business idea that is profitable currently. Because everybody wants to look good and smell fine, this business is becoming so profitable. So, if you are a beauty freak, this business is absolutely the best bet for you.

One peculiarity of this business is change due to taste and fashion. So, in selecting a niche to go into in this business, be sure also to keep to the trend in the business.

14 Hair Saloon Business Idea:

This is another beauty business. It’s a twin brother of cosmetics. In fact, the two of them can go together. As you can see, cosmetic and hair salon is a very profitable business in Nigeria today. In fact, globally as people naturally want to look good.

As a matter of fact, you can open a unisex salon. Then put together a team that services the needs of both male and female customers.

There is a business plan template for this business. You can order your copy from us.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

15. Boutique

Fashion industry seem to include cosmetics, hair dressing and cloth making, shoe making and in fact jewelry. So, you see the number of business ideas inherent in this industry. So, the fashion industry is one powerful sector that will always be vibrant in any economy. This is because all over Nigeria and the world at large, clothing is a basic need.

Thinking of a lucrative business in boutique business? Then, know ye that, starting your own boutique is a lucrative business idea to launch in Nigeria now. Can you do that?  You may need a business plan for this business. Can you click here to get at it? Again, be sure you take care of the timings. This is because fashion is ever-evolving due to the huge and diverse interest in styles and want.

I don’t know why women are more fashionable than men.

So, consider which gender gives you what you need. Children and women are more fashionable. So, it’s not out of place to say that it is a business that will interest you.

16. Airtime Card Business Idea.

Over 60% of Nigerian population own mobile phone. And that means they will definitely need call cards periodically. In fact, several businesses own more than one mobile line to run their businesses.  

One good thing here is that you can sell call cards anywhere. So, you can start from you your hostel, office, besides the road, at restaurants and eateries, parks etc.

The fact that most of these public places are accessible to members of the public makes it a lucrative business.

17. Skincare Business Idea:

This is another beauty fashion business idea. Do I need to tell you that over 75% of women and about 60% of men use skincare products like cream, soaps, butter, oils, etc.?

For distinctions, this is now one of the lucrative startup business ideas in Nigeria. In this classification, we separate this from the normal cosmetics business for its specialization. In fact, those who are in this business deal with skin diseases and rashes and so on.

So, you may wish to learn the trade from a professional in the field. In fact, once you have acquired this skill, you can start. The skill acquisition will help you understand how to use the right quantity and quality of raw materials during production. That is how you’ll make good products.

18. Supermarket Business Idea.

In Abuja, I see this ……….everywhere now. That is the business idea we promote here.  In fact, look around and you’ll always see supermarkets along the road.  What does this tell you? People buy beverages every day. As at today, owning a supermarket is a very profitable business in Nigeria.

However, you will need a huge sum as capital. Such is required to rent or build your own outlet. A good business plan will be able to separate your fixed capital expenditure from your working capital. Where you are using a rented shop, working capital may take a large proportion of the initial capital.

19. Okirika Business Idea:

This is becoming a common business now. This is because, there is no town market or road side in Nigeria that don’t host okirika sellers. Think of this! If this business is not lucrative, how would it become everybody business these days. I am aware that it’s a business that doubles your returns on investment (ROI) in a short period of time.

As a modern person, just display some samples online for marketing purpose, and see what happens.  We are of the opinion that with the trend of the economy around you, Okirika will always be bought.  Just make contacts for where to get supplies from Lagos, Onitsha, Kano and Aba.

Again, there are major dealers and smaller sellers. Just define your business niche.  So, the start-up capital may vary.  It can be as little as 20,000 or more.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

 20. Hotel Business Idea:

I like this business. What about you? In fact, hotel business is one of the untapped businesses ideas. Though it’s lucrative in Nigeria. But many are yet to know how lucrative it is.

Do you know that people move from place to place every day?  And for various reasons they need a place to lodge either for a night or for as long as they so desires.

This business idea requires a business planning. Such business plan we can provide for you is a bankable one. The feasibility is auto-generated with every financial report component.

21. Drop-Shipping

Did you know about this business idea before now?  Do you know it’s one of the new and very lucrative business ideas in Nigeria today?  More importantly, one of the businesses you can start with low capital.

As a matter of fact, all you’ll need is a laptop or smartphone. Then, an internet connection, and your social media platforms. Such as Twitter, Facebook, Snapchat. In fact, any of these could serve as an online shop for you.

The thrust for this business is identifying the people’s need at a particular time.  Then, you must know where and how to source those items. In fact, Aliexpress is a great platform  for this business in Nigeria.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

22. Hospital – Healthcare Business Ideas:

Health is wealth. That’s is true. Owning a hospital is like owning any other business. So, you can own a hospital even without necessarily being a medical practitioner.

We all know that the health sector is really lucrative for business. Everything about it. The pharmacy, laboratory, x-ray dept etc. are all lucrative segments of the health services you can get into. Good health must not be underrated. That is why people visit the doctors every day.

But, to start with, you can build or rent accommodation for your hospital.  Then, employ doctors and nurses, hospital cleaners and every other essential hospital worker needed. 

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

23. Dry Cleaning Business Idea:

In addition to skill, trade and business like motive, if you have the passion for cleaning things, dresses and ironing cloths, then, see how you may begin to earn some money from it. You can start from your neighborhood.

As a matter of fact, the washing and drying machines make things easy today.  We have found out that this business is very lucrative. This is because people will always need to wear clean cloths. That’s is why you will always be patronized.

24. Rental Services

Who is the that is complete in this life? That means you have everything you need to use in life. And or can buy them when need arises. So, as the need arises you will need all materials and structures for such a function.

In fact, one thing I know is that there is this party or the other from time to time. That is why rental business came up in the fist instance. From an unpopular business idea as it looked like 20 years ago, it’s now a big business. And, in fact, a very lucrative one.

If you must know, it’s one of the hottest startup business ideas that you can start and make money. In your community.  As events take place people will need help with renting of canopies, cars and the likes.

There are sheds of rental businesses. Some are small while some are big. Whichever class you want, get business plan for it. The business plan we will develop for you will give you details of the initial capital requirement, direct and indirect costs, personnel and marketing strategies.

25. Packaging Small Chops:

Don’t be amazed. There is an element of business treats in everything humans do. It could have started as a novelty idea. Small chops packaging business is one of such. As it is, this is one of the business ideas you can start with small capital but surely make a huge profit in the end.

Do you know what you need for a start? I will tell you – a business mind set or business will, the way we talk about political will. Yes! Once this will is there you can start by preparing your small chops, package them very well and sell them at offices and supermarkets.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

26. Gymnastics Business Idea:

To keep fit is becoming a threat to both economic and health status. This is why fitness has always been a source of concern for people.  And I tell you,  Nigerians have also been caught up with it.

If you’re a health enthusiast, this is where to show it.  Just turn it into an economic venture.  Just plan on how to raise enough money to equip your gym centre.

In fact, to make it profitable, you have to plan for it. Our gym business plan template will help you set up your quickly. It will define the business for you and the require infrastructures.

26. Restaurant Business Idea:

This is different from the hotel or the mobile food thing we described somewhere in the paragraphs above.  Do you know that man must “chop”? That is why in every country, restaurant business has always been on the rise. On the other hand, it means that this business will never be extinct. In fact, everybody needs food no matter one’s conditions.   And that’s why restaurant business is  a lucrative business idea to start in Nigeria.

Therefore, if you have aura for cooking, you can start a restaurant business today. However, you must ensure that you prepare good meals. Such good meal is what will keep people coming back.

27. Social Media Business Ideas:

Social media platforms are becoming serious business tools. In fact, they are important tool that now drive not only the visibility of business but also its profitability.

In fact, many organizations now have a social media strategy. And, in fact, this serves a s full-service function within their organization while others outsource this service to a digital marketing agency. This is why this is becoming an important digital marketing strategy.

Now, do we need to tell you that this is a lucrative business idea now. So, to start, make researches and employ the necessary platforms and tools required for this business. If you need planning the business, just let us know.

28. Daycare Center Business Idea:

Daycare business idea came up as for necessities. This is because nursing mothers need to return to office or after giving birth to children.

So, are there young families around you there? Yes, you can start one. It’s a lucrative startup business idea in Nigeria.  Especially, if you love taking care of kids, starting a daycare center is a great decision for you.

However, you need to register this business to avoid being tagged illegal. We can do that for you at CAC. A business name will do.

29. Tomato Farming Business Idea:

Tomatoes you know! Chai! Becoming very expensive. That is why this is becoming a serious business idea.  We know that agriculture still remains one of the best investments in Nigeria today, but diversifying and specializing in certain crops like tomatoes is becoming very important.

To start with, find out the tomatoes specie that is in vogue. This information you can get from the market. In fact, farm seed suppliers will be able to inform you about a better popular demand.

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

2022 Lucrative Business Ideas in Nigeria: This is how to start Any

30. Affiliate Marketing

This is a lucrative business idea. Here you help sell a product that does not belong to you. Just for a commission. In fact, it’s an online money-making opportunity and it’s profitable in Nigeria. So, you can start with little or no capital.

The affiliate products are either a digital product or physical products. In this connection, you can sign up with more than one affiliate programs. In this case, you use your affiliate links to promote the products through social media or by building dedicated websites to drive traffic and generate quality leads through SEO.

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Conclusions:

In summary, here are several business ideas you can get into in Nigeria. Many of them are of global spread and network. We have also highlighted the fact, that having a successful business in Nigeria to a large extent depends on you as an individual. As a matter of fact, you have to consider certain factors before starting. These include the geographical location and market demand.  You also require to equip yourself with basic knowledge of the business by doing some market research. These is also need for industrial research. Another important factor is your passion to drive your economic will.

So, get started. These business ideas in Nigeria should be able to serve as a great push for you to get started. Sometimes, it’s starting a business blindly that make the business get stunted. Many businesses, if not all need planning. This is another area of our specialty. Our business plan will help you a lot. And, we have nearly every business plan template.

Our Contacts:

Do well to contact on us on 09053130518, 08121687036 or cessummit0518@gmail.com. for your business information needs. The next click will help you keep in touch with us. Then, bookmark this page for further information on these business ideas. By sharing this post to your contacts, you will be in googles good book.  So, fill in the email subscription below this page an send in your comments too.

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