Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira

Doing business in Nigeria is currently viewed as one of the most lucrative business ventures, in today’s global business environment. For the past 50 years Nigeria has been dependent on its valuable oil resources, which have brought great wealth to a select few, but oil is not the only lucrative business in Nigeria.

However, as Nigeria’s economic sphere slowly changes, its economic structure diversifies to overcome its dependency on oil. This shift has opened up the playing field for a new generation of entrepreneurs in Nigeria. People, who can identify business opportunities in Nigeria, know that the oil industry is not the only business that you can enter and make money from.

If you are thinking of setting up a business in Nigeria and making millions of Naira from it, you can choose from a variety of options. Read and find out my Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira.

Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira

Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira1. Fast Food business – You need decent customer service, management skills and capital in order to set up an eatery and make sure that everything runs professionally. You can set out on your own and create your own brand, or buy in to an already established business franchise, such as Mr. Biggs.

2. E-commerce – This is a very promising venture and the best thing is, you will have all the tools and customers over the web. If you do not have the required knowledge, you can collaborate with an established firm to operate your e-commerce enterprise. Benefits are – Low start-up costs, changes can be made instantly, the potential customer reach, and you can easily measure results with cost affective online marketing.

3. Construction business – Business is booming in Nigeria, and so is our population. To support this growth, Nigeria now has a booming construction and housing sector. The range, type and size of projects is huge, so there are plenty of opportunities depending on how much capital you can invest. If managing a construction project isn’t for you, you can set yourself up as a local dealer to supply building materials. The investment is not as huge, but considerable investment will be required initially to buy and stock materials. But you can be assured that there will be no shortage of business.

4. Hotel business – This is a goldmine industry if you can get it right, but the competition in this sector is quite high. To launch and maintain your hotel you will need a large amount of capital. It takes planning, patience and hard work to start a hotel business. A high-level of customer service skills is also required to attract new and returning visitors.

5. Kerosene retail – You can set yourself up as a supplier to make your millions quickly. Kerosene is used in most homes in Nigeria, and Africa due to inconsistent power supply. This is one of the most lucrative business opportunities in Nigeria. . Entrepreneurs have been known to receive 100% returns on their initial investment.

6. Rice farming Is the most profitable area in Nigerian agriculture. Nigeria has a low local production of rice, but an extremely high consumption rate, which leads us to import the majority of our rice from overseas. Recent reforms in the Nigerian agriculture sector have seen the government open up the sector for more investments to support small, medium and large-scale farmers.

7. Haulage services – Given the poor rail transport system in Nigeria, most of the goods are shifted by road and this makes the haulage business in Nigeria extremely lucrative.

8. Snail rearing – This is one of the business ideas in Nigeria that needs low investment as snails require simple vegetation to eat, and they reproduce at an alarming rate. You will need to invest in housing and protecting them, as snails are delicate, and must retain their moisture to survive. There is not much competition in the industry and you can enjoy making profits without many challenges.

Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira9. Car and machinery spare parts As Nigeria’s economy grows, so does our manufacturing industry. This has driven a rapid increase for capital goods such as machinery, lubricants, spare parts, ball bearings and other mechanical goods and accessories. The key is to find a good supplier from abroad. UAE-based enterprises have emerged as the leading supplier of these goods to many countries in Africa.

10. Poultry farming This is big business, and you can begin with around 100 birds, and build it into a large-scale enterprise within a short period of time. You can make money from selling chicken eggs, or chickens for meat. This is a top business startup idea.

11. Transport business – Although a little messy at present, it is a profitable sector in Nigeria and can help you make millions annually.

12. Fruit Juice Making – This is a capital-intensive business, but if you can manage the funds you can grow as big as Chivita or La Carcella given how much Nigerians love their fruit juice.

Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira13. Tokunbo trade – Business of second hand items in Nigeria is very lucrative and many Nigerians want to spend as little as possible to buy second hand items such as clothes instead of buying new ones.

14. Dry Cleaning & Laundry Float a professional dry cleaning business and keep your rates low and service quality quite high. This type of business is especially profitable in a big city, or urbanized area.

15. Pure Water Production – Although this business needs some capital investment, it can be worth your effort and money in the long run particularly if you can manage pure water production and keep the quality intact over a long time. Your options are to sell as sachet, bagged or bottled water.

16. Professional Car Wash – This can be a good business if you choose a location like Lagos where you will be able to find a number of good cars.

17. Internet Business – You can provide fast Internet connection at affordable monthly rates and manage it well enough to make tons of money.

18. Nursery and Primary School – There is a lack of good schools in the country and you can set up high quality nurseries or primary schools to make millions.

19. Online tech support – You can easily set up an online tech support business and make a lot of money within a year or two of your business launch. This is a simple business and you do not have to be a tech expert to operate in this sector. I’ve known people set up these types of businesses, and outsource the work to tech professionals.

20. Furniture business – A lot of profits await you in the buying and selling of furniture. You do not have to be a carpenter to do this. You can simply contact trustworthy carpenters in your area and arrange a steady supply of furniture items to display in your showroom. This is a big scale enterprise due to the fact that only a few people can afford imported designers.

All of these business ideas have great potential, and the ability to help you generate millions, but remember the success is in the planning, and your ability to execute your plan. There are some key elements that you must assess before committing to any business venture. Once you have all of these elements in place, you are only a few steps away from business success.

Do you agree with my list, and are there any other lucrative businesses that you can think of?

By | 2016-03-16T11:50:39+00:00 December 20th, 2014|Business, Startups|376 Comments

About the Author:

Terser Adamu is the founder of mynaijanaira.com. He is a passionate business professional who loves helping small and big businesses with practical business advice from business processes to marketing to sourcing. Basically anything that will help your business grow, and become successful. Joseph is widely renowned for his diligence and eye for detail. This is how the mynaijanaira.com story began. mynaijanaira.com was created to provide quality tips, training and mentoring to startups, entrepreneurs and business lovers. The aim is to help you increase your business knowledge and profits. Join the revolution and share the information ☺ Please share any feedback you have regarding our site and products. Please download a copy of my FREE Ebook: Discover How to Run a Successful Business in Africa

376 Comments

  1. Shaibu February 9, 2018 at 12:15 pm - Reply

    I deal on Palm oil business, am a supplier, I need customers to supply in Abuja or Kaduna, interested persons should contact me

    • Ayomide March 15, 2018 at 2:48 pm - Reply

      My name is Ayomide. I can supply you as many quantity as you want.

  2. Nneka Atuonah January 18, 2018 at 6:00 am - Reply

    Hello sir I am nneka and would love to increase my profit…I run a laundry but its Luke am not really making profits as expected pls gimme ideas on how to increase my customers and profits…08038083730..my WhatsApp contact pls

  3. mariam December 9, 2017 at 11:10 am - Reply

    I want to start the kerosene bussiness i need how much to start it pls

  4. Ope Odunlami November 24, 2017 at 6:25 pm - Reply

    Hi, Mr Adamu,

    It’s the first time I have been on your Blog and I must confess that your works are commendable.

    I was directed here when I typed in lucrative businesses I can invest in this December.

    After I read your article on top 20 lucrative businesses one can invest in and went through the other yummy and rich headlines You have on business, money and investment; though I didn’t plan to spend as much time as I have a lot at hand, but within myself I felt I’ll be ungrateful if I don’t at least leave a word of commendation for your good works.

    I have plans to start an online store where I sell items as phone accessories, pieces of furniture, shoes, belts, clothings and accessories, liquid soap, inspirational frames, palm oil, daily household needs et al.

    I need your help on how to go about setting up my e-store, driving traffic and others.

    Thanks, as I await your response.

  5. Moses November 16, 2017 at 10:26 am - Reply

    Hello sir, i’m interested in the real estate industry in nigeria, all the informations i’m getting so far is based on the first world systems, please how do i go about it and how do start a real estate business in nigeria?

    • Terser Adamu November 19, 2017 at 2:43 pm - Reply

      Hello Moses,

      thank you for checking the website and commenting. Depending on how much capital you have you have it might be sensible to enter the industry as an agent so that you can experience first hand and understand how the industry operates whilst you save your money to invest.

      Real estate is quite a vast industry. Do you know which areas of real estate you want to focus on? Having this information will enable you to be a lot more targeted and focused in your approach. Carry out research like you would when starting out in any other business/industry. You need to understand the following:

      How does the industry work?
      Who are the big players/companies?
      What exactly do they do and how did they become successful?
      What do they offer their clients that makes them successful?
      What laws guide operations in the city/state where you want to operate in Nigeria?

      Learn from those who have already found success in this industry. Google them for stories, history, if they have a blog, books or any video tutorials available online. Be proactive in your personal development. Don’t wait for others to develop you, take charge of your development. Getting the necessary information will feed you with what you need to succeed.

  6. Samson October 22, 2017 at 7:28 pm - Reply

    Please sir I would love to know if 3 million naira can open a pure water production

    • Terser Adamu October 25, 2017 at 10:13 pm - Reply

      Yes, you could start a small to medium size operation for this amount.

  7. Emmanuel October 9, 2017 at 11:44 am - Reply

    Hi Joe have developed interest in ecommerce business made some little research on how it works and so on but my concern now is how to start and make real money paid into my account as some of the blog I visited have some requirements that are not visible or workable here in Naija. Please advice accordingly

    • Terser Adamu October 9, 2017 at 12:43 pm - Reply

      Hi Emmanuel,

      Please advise on what areas are not visible or workable in Nigeria, and I’ll help you fill in the gaps with Nigerian specific solutions.

  8. Mr Frank September 27, 2017 at 2:46 pm - Reply

    Pls help , I have about 150-200 Million naiira to invest….Am confused, not sure what business to go into 🙁

    • Terser Adamu September 27, 2017 at 8:30 pm - Reply

      Hello Mr Frank,

      I understand that choosing the perfect business for you can be frustrating, that is why I have spent months developing my latest course – How to Choose the Perfect Business for You.

      The course will guide you step by step through tried and tested techniques that I’ve used to find the perfect business.

      You can register now by clicking this link:
      https://mynaijanaira.com/online-course/

    • Mr Julius December 1, 2017 at 6:03 pm - Reply

      Hello Mr Frank….. If you don’t mind I can guide you on how to invest this money into palm oil refinery

      • john nosike January 30, 2018 at 12:16 pm - Reply

        Hello please am very interested in the palm oil business. I need help

  9. Habyb September 20, 2017 at 12:02 pm - Reply

    Making money has become much easier through networking..as an undergraduate thats about to go for service now..i have been able to set up other businesses from my earnings i get daily and weekly ( ranging from 200USD) from my networking biz which is a service based one….The fact remains that we cant run away from networking coz the world biz model revolves around it…without refferal your business cant flourish!..the earlier we accept and get to work..the more easier everything will be for us all…..you can let me know if you interested in exploring the opportunity with me tho..its a free world!

    • Israel October 11, 2017 at 2:42 pm - Reply

      Hello, i am interested. I really do want to learn

      • Terser Adamu October 18, 2017 at 11:25 am - Reply

        That’s great to hear. What specific business idea are you interested in?

    • Damilola November 6, 2017 at 9:01 am - Reply

      I’m interested please.

  10. Blog a Biz September 17, 2017 at 12:16 pm - Reply

    Nice ideas you got here. But most of these business ideas requires some initial start-ups. I do advise people to acquire skills and start freelancing on sites like fiverrs, upwork and more.

    • Terser Adamu September 17, 2017 at 7:38 pm - Reply

      Thank you for your great comment. I agree 100% that gaining new skills and experience is essential if you want to develop yourself and increase your chances of becoming successful as an employee, employer or entrepreneur.

  11. okeosisi September 13, 2017 at 7:39 pm - Reply

    Please, how lucrative is MTN card printing if someone invests 2 million Naira in it ?

    • Terser Adamu September 14, 2017 at 3:47 pm - Reply

      Hello Okeosisi,

      Unfortunately I’m not up to date with card printing business

  12. josiah August 11, 2017 at 11:06 pm - Reply

    pls sir am in total i have 200000 what business can i start with it .please i need your feed back

  13. Darlington July 27, 2017 at 12:31 am - Reply

    Hi my name is Darlington and i was going through your website and came across your article on “Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira” and i went through all of them but number 17 which you said “Internet Business – You can provide fast Internet connection at affordable monthly rates and manage it well enough to make tons of money” now my question is this how can one provide fast internet connection in Nigeria if you are not into telecommunications ? please i am interested in learning more about this business and how one can venture into it and how much capital do one need to start it up .

  14. Sarah June 23, 2017 at 8:03 pm - Reply

    I want to go into pants and bra business. How profitable is the business? I’m also thinking of selling palms for men and women sandals/slippers as well. I am confused about a highly profitable business to go into pls I need your advice. Thank you

    • Terser Adamu July 6, 2017 at 8:42 pm - Reply

      Hello Sarah,

      All businesses are profitable, or not profitable.

      It depends on how you execute and run the business.

  15. Maxwell January 6, 2017 at 8:44 am - Reply

    Sir How Can A Fashion Designer Make It Big In Nigeria??
    How Much Capital do You Think It Will Take??

    • Terser Adamu January 7, 2017 at 8:19 pm - Reply

      Hello Maxwell,

      It depends on your definition of big. Like any other business, you can become successful by creating a dedicated and loyal customer base. You do that by offering quality products, adding value and offering something unique that other people in your industry do not offer. How you achieve that and the capital that you use is up to you to determine.

      • Bishop sneh March 9, 2017 at 6:40 am - Reply

        pls I have 100k to venture into biz.pls d you know know anything about CCTV installation and how its profitable

        • Terser Adamu March 11, 2017 at 6:08 pm - Reply

          Hello Bishop,

          Unfortunately I don’t know much about this industry, but if you apply my business teachings you can make it a success.

  16. wariboko December 20, 2016 at 6:32 am - Reply

    I have 500,000 to start a retail shop what items can I sell that can easily increase my customer base

    • Terser Adamu January 7, 2017 at 8:33 pm - Reply

      Please carry out your market research to determine what your customers want. Only you or your customers know what they want to buy, or may want to buy.

  17. Vic Iyke December 19, 2016 at 9:41 am - Reply

    Hello sir, the name is Vic, Vic Iyke. First of all i must compliment you on your works. It’s quite astonishing to find someone like you who’d bring out his time to do this for strangers. Thank you. I’m a student, i recently graduated from sec. school and i came across a P.D.F about the Mini Importation Business. I was intrigued by what i read and i want you to assisst me with information and ideas on how to run a successful mini importation business.
    Thank you once again.

  18. Abdul December 5, 2016 at 9:10 pm - Reply

    Good day Sir and thank you for this post. Pls I want to know the amount required to start a mini building construction company. Although I am a Computer Scientist, but I am interested in going for Building Construction. Thank you

  19. Abba December 4, 2016 at 8:49 am - Reply

    pls sir can you forecast to me in a year coming what will be the most profitable crop to grow. thanks

    • Terser Adamu December 27, 2016 at 7:46 pm - Reply

      Hello Abba,

      this is quite impossible. It depends on so many factors such as your location, soil type, soil quality, competition, local market, desired yield and many other factors.

      I’d advise that you carry out a feasibility study to determine which crop is most productive and profitable for you.

      Welcome to the My Naija Naira community.

  20. Oluwagbenga Ogunlowo December 1, 2016 at 6:01 am - Reply

    I have 100k , and I want to know the kind of business I can do

    • Terser Adamu December 24, 2016 at 11:10 pm - Reply

      Hello Oluwagbenga,

      I would advise that you carry out basic market research in your local area to determine what products will sell and are in demand.

      Welcome to the My Naija Naira community.

  21. david November 29, 2016 at 6:28 pm - Reply

    pls is it possible to start a foodstuff buzz like raw rice,beans,garri and corn with 200k

    • Terser Adamu December 24, 2016 at 11:05 pm - Reply

      Hello David,

      Yes it is very possible. The most profitable way to do this is to buy cheap in rural areas and sell it at a higher price to customers in the city.

  22. Ugwu Kingsley Nnabuike November 19, 2016 at 10:27 am - Reply

    I want to know weather cyber cafe business is lucrative business I based in pH

    • Terser Adamu November 19, 2016 at 2:24 pm - Reply

      Hi Ugwu,

      Cyber cafes can be lucrative, but they are also very common in Nigeria. You must research the demand for cyber cafes in that area against the competition to determine if there is a need for what you are offering. If there is no need, there is no demand and unfortunately your business will not be lucrative.

      Welcome to the My Naija Naira community!

  23. francis November 7, 2016 at 8:20 pm - Reply

    sir, i’m 21 and an undergraduate who couldn’t gain admission. I’ve admitted into seeing myself a failure until i read this post.
    @ 21 with no vision and still living with my folks, i feel dead
    Been reading many articles on how to make it in life but none have really helped until i saw ur responses to comments and i felt like wow, this is a mentor i’ve been wanting to have
    I’m a science student and very good with it but i discover recently that i’m actually good with art. As a matter of fact i could do almost everything u could think of in artistic platform
    Through ur post, i suddenly have a passion for owning a blog like u and i really need ur help 100% in doing this. Pls help me own a blog. Wish we could talk aside commenting

    • Terser Adamu November 7, 2016 at 9:27 pm - Reply

      Hello Francis,

      thank you so much for taking the time to read my blog post and leaving such an honest comment. It is comments like yours that give me the motivation to keep on writing.

      You can contact me anytime by email on admin@mynaijanaira.com

  24. tobi November 1, 2016 at 4:24 pm - Reply

    I agree with this post but do you know there are other great ways to earn money in lagos?,am talking of the networking business.this business is what have being doing now in the last 4month and have earn noting less than 4million naira,apart from other compensation plan and matrix bonus.this business is a very lucrative business especially if you can talk.tanks to this post,everybody is a winner.

    • Terser Adamu November 5, 2016 at 1:28 pm - Reply

      Hello Tobi,

      thank you for sharing this information.

    • Ella February 19, 2017 at 8:57 am - Reply

      Hi tobi…really need ur help

    • Patience September 23, 2017 at 5:52 pm - Reply

      Pls can u teach how to do this network business. I ve been hearing about

    • Damilola November 6, 2017 at 9:04 am - Reply

      I really need your help pls….how do I go about this networking business

  25. malvin October 31, 2016 at 4:10 pm - Reply

    I have a shop at Jakande which I just finish building, but business is not just moving at dat area the way I thought it could, I want to ask, wat type of business can bring daily returns, here at jaknde Lagos?

    • Terser Adamu November 5, 2016 at 1:31 pm - Reply

      Hi Malvin,

      Unfortunately I’m not familiar with Jakande so I can not advise what business would be successful in that area. I would advise that you carry out a feasibility study and basic market research to determine what type of business would work in that area.

      Welcome to the My Naija Naira community and good luck with your venture.

  26. doubra October 27, 2016 at 11:34 pm - Reply

    plz hw can i go about snail farming

    • Terser Adamu November 5, 2016 at 1:33 pm - Reply

      Hello Dobra,

      I’ve been planning to release a blog post on snail farming. I will endeavour to release it in the next few weeks. Please sign up to my mailing list so that you can be notified when the blog post is published.

      Welcome to the My Naija Naira community and good luck with your venture.

  27. Queenlateefat October 14, 2016 at 6:14 pm - Reply

    Comment… Pls sir do you hav idea on how to start a makeup studio and how much will it cost

    • Terser Adamu October 27, 2016 at 8:05 pm - Reply

      Hello Queenlateefat,

      Have you ever considered starting out as a mobile make up artist?

      In Europe and America people often use this business model as it keeps overheads low. Admittedly I don’t know much about this industry, but I’d guess that the main expenditure for a makeup studio is the premises and materials (makeup). If you’re mobile you can probably reduce your outgoings by 60%, and only have to worry about paying for material (makeup) and travel depending on how far you’re going to visit customers.

      Welcome to the My Naija Naira community and good luck with your venture.

  28. michael September 30, 2016 at 12:05 pm - Reply

    hello, I am a Nigerian based in the united states. i have been looking for a good business that i can do in Nigeria. i have done lots of research but all the businesses i found interesting always had some type of challenge. for instance, i cant send phones or laptops cause i realize i won’t make profit because of the cost of buying and sending it. things are very expensive in America and i think laptop sellers get them from china. i thought of poultry but i will need a very trustworthy person since i won’t be available to run the business. what advice can you give to me.

    • Terser Adamu August 15, 2017 at 12:23 pm - Reply

      Hello Michael,

      I think you have answered your own questions. If you’re serious about starting a business in Nigeria you must find a trustowrthy person and progress from there. Once you find that trustworthy person you can start planning when and how to launch your business.

  29. Obayomi September 19, 2016 at 10:42 pm - Reply

    I am highly fascinated seeing the level of contribution you have made helping solve other people’s problem through your blog. I have married with two kids, I have 200,000 naira and am interesting in commercial catfish farming with half plot of Land. pls how would l go about it,

  30. Eshin September 14, 2016 at 4:41 pm - Reply

    Sir joseph, pls am a medical student studying in a private university and i want to venture into any business dat wont take much of my study time…pls is der any?

    • Terser Adamu August 15, 2017 at 12:39 pm - Reply

      Hello Eshin,

      find a business that is closely aligned to your current skills and knowledge. This way you will not have to invest to much time and money trying to acquire new skills. Potentially, you should look if there are any freelancing opportunities that you can take advantage of. Freelancing requires low overheads and you aren’t tied in to long contracts, so you can work contract to contract and plan it around your schedule.

  31. Wazo September 11, 2016 at 9:51 am - Reply

    My fellow Nigerians and Mr. Author I need your comment or advise please. I wish to supply colour kerosene to retailers, that is store owners, who will buy it and sell it on ragolis containers or bottles to consumers. I want to get like 150litres to 375litres and distributing it to different retailers (store owners). Someone told me that it is an illegal business, even if it’s a small amount of litres like that amount mentioned above. Please Mr. Author and fellow Nigerians, what do you have to say about it?

  32. Olivia September 3, 2016 at 6:50 pm - Reply

    Thanks for helping us sir. I want to start a mini daycare but don’t know hw to go about it, pls help

    • Terser Adamu September 7, 2016 at 7:25 pm - Reply

      Hello Olivia,

      The need for daycare centres is increasing. The reason for this is that the number of full-time housewives in Nigeria’s urban areas is declining. Unlike anytime in its history, more Nigerian women are working at paid jobs or running their own small businesses. As a result of this trend, there is a growing opportunity for services such as daycare centres. People living in urban areas (cities and towns) are more likely to need crèche and child daycare services. So if you are considering setting up such a business it is important that you target cities and towns, and possibly affluent areas that can afford to pay for such a service.

      Good luck with your venture, and welcome to the My Naija Naira community!

      • Flakkie September 19, 2016 at 9:27 am - Reply

        Tnx so much for d gud works, God ll continue to help u sir…
        Please I want to go into selling drugs nd i wish to start by opening a patent medicine store…I already av my certificate both d one of patent medicine store and pharmacy but i dont really know how much dis is going to cost me…but i intend starting wt nothing less dan 50-60k…plz help me

  33. Dee September 2, 2016 at 10:44 pm - Reply

    am interested.

  34. N50 August 29, 2016 at 8:00 pm - Reply

    Please I like to in invest in selling phone accessories like screen, follow come charger and so on… What could be the capital for this and what kind area is the best to open shop

    • Terser Adamu September 3, 2016 at 9:23 am - Reply

      Hello N50,

      A lot of these items are purchased and imported from China. I’d advise that you read my blog post How to Import goods from China to Nigeria and Make Millions This will give you a good understanding of how to calculate the costs of purchasing these type of items.

      Welcome to the My Naija Naira community, and good luck with your venture.

  35. Tola August 11, 2016 at 2:12 pm - Reply

    Good afternoon, I do confectioneries like chinchin, plantain chips and zobo drink. I want to automate the proces but don’t have enough capital. Can I get an industrial sealing machine and bottle filling and capping machine for rent. I don’t mind investment of capital and the person get returns.please advise me.

    • Terser Adamu August 16, 2016 at 9:24 pm - Reply

      Hello Tola,

      Yes you can rent machinery or outsource that part of the production process to a specialist packaging company. Carry out your research online and offline to find suitable companies that are near you and provide this service..

      Welcome to the My Naija Naira community. Good luck with your venture.

      • Tola August 25, 2016 at 6:01 pm - Reply

        Thank you for the response, do you have an idea of where I can get these items for rentange, I will appreciate it.

        • Terser Adamu September 3, 2016 at 8:32 am - Reply

          Hello Tola,

          unfortunately not as this will depend on your location. Please carry out research online or ask people locally to see what is available near you.

  36. Emeka August 10, 2016 at 2:50 pm - Reply

    Be part of the telecommunication industry!!!

    National communication commission states that 161million people recharge thier phones against 160million Nigerians,Buy a franchise and become a major distributor, It gives you the right to earn commission whenever people recharge,No need to market or print,We have a proven system that sells for you.

    • Terser Adamu August 16, 2016 at 9:26 pm - Reply

      Hello Emeka,

      thank you for sharing this information.

    • KINGSLEY January 12, 2017 at 7:29 am - Reply

      Pls I want to know more about recharge card business

    • Tarris August 2, 2017 at 7:23 pm - Reply

      Please tell me more about this

  37. don j July 6, 2016 at 3:09 pm - Reply

    Whic business can i start with 15millon naira. Am thinking of cement and importation of electronics. Are this good business that with bring lot of profit reccomendable.

    • Terser Adamu August 16, 2016 at 9:35 pm - Reply

      Hello Don J,

      Please read my blog post Top 10 Lucrative Investment Opportunities in Nigeria for some great ideas on lucrative businesses you can invest in.

    • Godwin December 15, 2016 at 7:57 pm - Reply

      Comment…Helo don j 4 bizs dat can give u lucreative incom in less than 2months contact me for a serious discusion 09070787716

    • Godwin December 15, 2016 at 8:02 pm - Reply

      Hi Don J need a good business that can gurantee your
      returns in less than 2months with investment of 5m or less pls contact me for a serious discusion.

    • Nathaniel August 6, 2017 at 9:03 am - Reply

      You do not need up to 15million to start something very good currently in demand in Nigeria market. Importation, exportation, how to sell you goods in US and other part of Europe. Even local business in Nigeria . Soo many ideas and things you can start with.

  38. adejumo afolabi June 21, 2016 at 11:49 pm - Reply

    Hi. This may be coming late but I’m new on this thread but I’ve actually been searching for people with business acumen. I have business/investment opportunities in oyo, osun, ondo and ekiti states presently , particularly osun at the moment. This is something that can give more than 50 percent profit within 3-4 months . It is not network marketing or anything of that sort. It is a project that is being executed in partnership with reputable organisations like skye bank and some trade unions. I am actually a consultant working on the project. Everything is above board and you will be taken along every step of the way and infact, you don’t have to drop physical cash. Please reply on this comment section should you want to learn more.

    • Terser Adamu July 30, 2016 at 8:02 pm - Reply

      Hello Adejumo,

      Sounds interesting, please tell us more!

    • celestine August 8, 2016 at 1:10 pm - Reply

      Am interested

    • Omotoso Gbenga August 9, 2016 at 8:42 pm - Reply

      Gbenga just seeing this comment now today the 9th of August, can I still benefit from it?

    • Yemi September 3, 2016 at 12:38 am - Reply

      @Afolabi, please send me details of your project in Oyo, Osun and others. thanks

    • Kunle October 2, 2016 at 3:10 pm - Reply

      Hello Adejumo I need further information on the above mentioned project pls.Thank you

    • Agbam Christy February 22, 2017 at 12:06 pm - Reply

      Tell us more please

      • Terser Adamu February 22, 2017 at 6:02 pm - Reply

        Thanks for checking out my blog post. Please check out my other blog posts to find other valuable pieces of information regarding business in Nigeria and Africa.

    • kaffy March 2, 2017 at 7:15 am - Reply

      Am presently in Oyo state and I think am interested but will need more details. thanks

    • Ade August 14, 2017 at 4:30 pm - Reply

      I’m in osun I am interested in the business

  39. okon id June 15, 2016 at 8:07 am - Reply

    Nothing is perfect, your article is almost perfect. Thank you very much for this article. A young man who ventured into dry cleaning was able to gather over 1,300 customers in less than 20days. And the method he used was simple. Another barber was able to attract over 1,500 customers using a simple method. Our guys in Nigeria are doing well,some of them though!

    • Terser Adamu July 30, 2016 at 8:06 am - Reply

      Thank you for sharing these examples and for taking the time to read my blog post!

      Welcome to the My Naija Naira community!

  40. Benjamin from Ph. June 14, 2016 at 6:10 pm - Reply

    Hello mr Joseph my good friend nd mentor, there is still another cool nd nice business one can do with as low as 20k to a million naira nd that is palm oil business, this is how the business goes, every february to march people start producing palm oil from the fruit, the good business men start buying some take it to places nd sell while some of us who want to make it times 3 store it till October nd November we sell it because that is the month people usually look for palm oil nd the market is always very very high, personally am working with oil and gas company in port Harcourt, nd that is were I bank my money.

    • Terser Adamu July 30, 2016 at 8:20 pm - Reply

      Hello Benjamin,

      thank you for sharing your personal experience.

    • Eze Deborah January 24, 2017 at 11:09 am - Reply

      Benjamin please contact me. I need to get some information from you on palm oil and timber business thank you

    • Nathaniel August 6, 2017 at 9:08 am - Reply

      Nice idea, with idea of business you can start with as low as 20k

  41. Benjamin from Ph. June 14, 2016 at 5:28 pm - Reply

    Good day mr Joseph Adamu, pls I want to chip in a very nice nd profitable business that has not been mentioning here selling of wood I mean mini timber market is like blood money I just want to help my follow Nigerians u can start with as low as 500 to 700k nd the turn over will be great.

    • Terser Adamu July 30, 2016 at 7:53 pm - Reply

      Hello Benjamin,

      thank you for sharing this information and welcome to the My Naija Naira community!

    • Nada in ph September 8, 2016 at 6:44 pm - Reply

      Are you still into this business, I’ll appreciate some more information from you

  42. Daniel David June 8, 2016 at 8:44 am - Reply

    Good day boss. I discovered a site talked about Binary Options, do you have an idea about there genuineness. I don’t want to invest on what I don’t know. Thanks and God bless.

    • Terser Adamu June 12, 2016 at 11:08 pm - Reply

      Good day Daniel,

      Thank you for checking out the site and commenting.

      Unfortunately I don’t know a lot about Binary Options so wouldn’t want to advise you on something I don’t know a lot about. But what I do know is that Binary Option websites present themselves as offering a form of investment but that isn’t quite the reality. They are probably closer to gambling sites, pure and simple.

      I’d advise you to carry out your research before you decide to venture in to this industry.

      Good luck and welcome to My Naija Naira!

  43. Nelson June 4, 2016 at 1:48 pm - Reply

    good day the CEO OF MYNAIJANAIRA.COM
    I’m budgeting 200,000 for a dry cleaning business do u think i can make it with that amount?
    im nelson from enugu

    • Terser Adamu June 6, 2016 at 10:08 pm - Reply

      Hello Nelson,

      yes you can start a dry cleaning business with N200,000 but you might have to cut out overheads such as property rent.

      Good luck with your venture and welcome to My Naija Naira!

  44. Everline Achieng May 26, 2016 at 5:36 am - Reply

    Hello Mr. Adamu am Everline, from Kenya and I need to to start a business in my country Please if it would be possible for us to meet in your country for a seminar and listen to your advice that will be OK,, we are three me and my two friends, as we know that Nigeria is ahead of us please make me know how I can invest in my own country because we have the resources but we don’t know how to use them, let me know if you can invite us please.

    • Terser Adamu May 26, 2016 at 9:48 pm - Reply

      Hello Everline,

      I don’t have any seminars planned for the near future but I am available for one to one or small group training sessions. Please let me know if you would be interested in organising something.

      Welcome to the My Naija Naira community!

  45. Ralph May 19, 2016 at 6:43 pm - Reply

    Please author i want to go into manufacturing.please i need good business ideas am with capital ranging from 500k to 700k

    • Terser Adamu May 19, 2016 at 10:06 pm - Reply

      Hello Ralph,

      Thanks for checking out the website. Within this article, I have listed some great business ideas. Carry out your market research and business planning to determine which one is suitable for you with your budget.

      You should also check out my blog post – 20 Lucrative Businesses You Can Start in Nigeria with Low Capital

      Good luck with your venture and welcome to the My Naija Naira community!

  46. eloho May 16, 2016 at 9:52 am - Reply

    Comment…pls sir am thinking of starting up any profitable business with about 50 to 100k dough I don’t have d money now, but I need idea on what type of business I can start up I also have in mind buying and selling garri in bags and basins don’t knw how much I’ll need for dat ,plus renting a shop. I am into catering and venue decoration but those jobs don’t come my way easily that’s why I want to to some thing else pls I need advise on what to do to make money.

    • Terser Adamu May 17, 2016 at 10:25 pm - Reply

      Hello Eloho,

      thanks for checking out the website and taking the time to leave a comment.

      All businesses can generate money and allow you to live the lifestyle that you wish, but it depends on many factors such as your skills, knowledge, experience and the business environment that you are operating in.

      First of all you need to decide what type of business you want to start. I understand that it can be extremely frustrating when deciding what type of business to start, so I would like to share a technique that I’ve used repeatedly and found great success.

      So how do you decide which businesses to start? First, take out a sheet of paper and write down things about you. List five to ten things about yourself that you like to do or that you’re really good at. Your list might include personal things such as – I’m really good with people, I’m a natural teacher teaching, I love to read, I love computers, I’m great with numbers, I’m good at selling or promoting ideas, I get a buzz from solving problems. Don’t restrict yourself, write whatever comes to your mind even if doesn’t make sense at first.

      On the other side of the paper, list things that you don’t think you’re good at or you don’t like to do.

      Next, ask yourself the same question about your business life. Examine what you like and dislike about your work life as well as what traits people like and dislike about you.

      Finally, ask yourself why you want to start a business. Then, when you’re done, look for a pattern to emerge from your answers and determine if there is a need for a business doing one of the things you like or are good at.

      Unfortunately I can’t decide for you, but I can help you with the process.

      Because there are so many types of businesses that you can start it’s difficult to tell you which one to choose. Follow the steps I have given you, decide on the business and then plan from there.

      Good luck with your venture and welcome to the My Naija Naira community!

  47. olawale omogbolahan April 20, 2016 at 9:48 am - Reply

    right from my childhood i had developed interest in agriculture planning to set up my own establishment. Presently i have a capital of 250 thousand naira and i dont know if i should go into planting of crops or go into poultry business. I have availability of two plot of land. What should i do?

    • Terser Adamu April 23, 2016 at 1:02 am - Reply

      Hello Olawele,

      Overtime i’m asked this question I give the same response because only you can decide what business you should choose. All businesses can generate money, but it depends on many factors such as your skills, knowledge, experience and the business environment that you are operating in.

      First of all you need to decide what type of business you want to start. I understand that it can be extremely frustrating when deciding what type of business to start, so I would like to share a technique that I’ve used repeatedly and found great success.

      So how do you decide which businesses to start? First, take out a sheet of paper and write down things about you. List five to ten things about yourself that you like to do or that you’re really good at. Your list might include personal things such as – I’m really good with people, I’m a natural teacher teaching, I love to read, I love computers, I’m great with numbers, I’m good at selling or promoting ideas, I get a buzz from solving problems. Don’t restrict yourself, write whatever comes to your mind even if doesn’t make sense at first.

      On the other side of the paper, list things that you don’t think you’re good at or you don’t like to do.

      Next, ask yourself the same question about your business life. Examine what you like and dislike about your work life as well as what traits people like and dislike about you.

      Finally, ask yourself why you want to start a business. Then, when you’re done, look for a pattern to emerge from your answers and determine if there is a need for a business doing one of the things you like or are good at.

      Unfortunately I can’t decide for you.

      Follow the steps I have given you, decide on the business and then plan from there.

      Good luck with your business venture and welcome to the My Naija Naira community!

  48. nazzy April 19, 2016 at 4:36 pm - Reply

    hello sir, I am an employee. I don’t have enough time to invest in a business. I need your advice on which business is ideal for a 9-5 employee. capital range is about 200k. your response to comments is priceless

    • Terser Adamu April 19, 2016 at 10:27 pm - Reply

      Hello Nazzy,

      If you are busy working 9am to 5pm, your time is limited, so the best option to make money is from offering your skills, so freelancing is probably your best option. Register with some the popular sites such as freelancer.com or Upwork.com and start bidding on work. If you provide a great service you will receive repeat customers and referrals.

      Good luck with your venture.

  49. Betty April 18, 2016 at 5:18 pm - Reply

    Wow..dis is amazin..may God continue to increase u in knowledge n undstandin..pls hw do I go about a kerosine business with 350,000..am based in lag

    • Terser Adamu April 19, 2016 at 10:43 pm - Reply

      Hello Betty,

      N350,000 might not be enough to start a reasonably sized kerosene business. Depending on the scale of the business you want to start, you would usually expect to spend around N800,000 at most N1,200,000 to set up a Kerosene business.

      When setting up a Kerosene business the areas you must consider are:
      1. Find a good location – you need to be strategically located. Ideally near a busy area, or an area that receives a lot of passing traffic.
      2. You must register with the appropriate body or agency in your state before you can start kerosene retail business
      3. Construct a surface tank
      4. Source your supply and set up good links with suppliers to guarantee regular supplier

  50. hodonu mariah April 14, 2016 at 6:45 pm - Reply

    Great work here sir.all of these are both inspiring nd quite overwhelming..but sir,isnt dere any business opportunity for a young girl like me with only about 20k and a skill in shoemaking?

  51. edith April 13, 2016 at 10:15 am - Reply

    hello, i have just 500k and will really like to go into business but i dont know which business yet pls advice

    • Terser Adamu June 1, 2016 at 8:43 pm - Reply

      Hello Edith,

      thank you for checking out the website and leaving a comment.

      Choosing the right business for you depends on many factors such as your skills, knowledge, experience and the business environment that you are operating in.

      First of all you need to decide what type of business you want to start. I understand that it can be extremely frustrating when deciding what type of business to start, so I would like to share a technique that I’ve used repeatedly and found great success.

      So how do you decide which businesses to start? First, take out a sheet of paper and write down things about you. List five to ten things about yourself that you like to do or that you’re really good at. Your list might include personal things such as – I’m really good with people, I’m a natural teacher teaching, I love to read, I love computers, I’m great with numbers, I’m good at selling or promoting ideas, I get a buzz from solving problems. Don’t restrict yourself, write whatever comes to your mind even if doesn’t make sense at first.

      On the other side of the paper, list things that you don’t think you’re good at or you don’t like to do.

      Next, ask yourself the same question about your business life. Examine what you like and dislike about your work life as well as what traits people like and dislike about you.

      Finally, ask yourself why you want to start a business. Then, when you’re done, look for a pattern to emerge from your answers and determine if there is a need for a business doing one of the things you like or are good at.

      Unfortunately I can’t decide for you, but I can help you with the process.

      Because there are so many types of businesses that you can start it’s difficult to tell you which one to choose. Follow the steps I have given you, decide on the business and then plan from there.

      In the next couple of months I will be releasing an eBook that guides you through How to Choose the Perfect Business For You. Sign up to my mailing list and I will keep you updated on its release.

  52. Humphrey April 9, 2016 at 4:09 pm - Reply

    Your responses to business queries are very insightful and educative. I live abroad and would like to relocate to owerri,Imo state soonest. Am interested in fast food business where I will be seling: burgers, pies, hot dogs , french fries, fried chicken and fish,pork pies, plantain chips and akara etc. Whats the profitability of this type of venture and how much will it cost to set it up.

    • Terser Adamu April 9, 2016 at 10:47 pm - Reply

      Hello Humphrey,

      this type of business can be very profitable like any other business. But in order to gain accurate figures and information I would advise that you carry out a feasibility study and work towards completing a business plan. Through these processes you will have a clear idea of what the business involves, the environment you will be operating in, and what you stand to gain from it.

      Welcome to the My Naija Naira community!

  53. Oluwafemi April 7, 2016 at 11:56 am - Reply

    Please can you link me with somebody that have cash to invest on a profitable business in nigeria,l have a good business idea that need to partner with a good risk taker. Nigerian now need to invest wisely on the business where rawmaterials will not be a problem. This business is one of is kind that will people that have diabetes and help people that dont want to have it to eat what they want to eat and still remain healthy. My no.08032286683.

    • Terser Adamu April 9, 2016 at 10:42 pm - Reply

      Hello Oluwafemi,

      thank you for visiting the website. I’m so happy that you are considering venturing in to the world of business. With regards to your question, I would advise that you visit a website that specialises in matching founders with investors.

      Welcome to the My Naija Naira community!

  54. Kenneth April 5, 2016 at 2:06 pm - Reply

    Hi sir,im based overseas and I want to come back to nigerian and stay but Im looking for a business to do there that can sustain my lifestyle,

  55. Solomon April 4, 2016 at 6:50 am - Reply

    Woww…you ve really open my eyes to a lot of opportunities. I ve a three in one business idea I wuld love to set up .Pls can you grant me the honour of meeting with you one on one? Becos there’s a lot I need to discuss with you sir. Thanks a lot.

    • Terser Adamu April 9, 2016 at 10:31 pm - Reply

      Hello Solomon,

      thank you for the great feedback. Feel free to contact me by email and we can discuss admin@mynaijanaira.com

      Welcome to the My Naija Naira community!

  56. Amaka April 2, 2016 at 10:08 pm - Reply

    Please am Looking for a lucrative business I can start with 200.000 naire. Thanks

  57. jimoh April 2, 2016 at 1:03 pm - Reply

    i need a tip on how to start a successful night club and the possible profit margin

    • Terser Adamu September 3, 2016 at 9:41 am - Reply

      Hello Jimoh,

      When running a nightclub you main money earner will be the sale of alcohol, so i’d advise that you focus on generating as much profit from this area as possible.

      Your main expenses are as follows:

      Rent – This is dependent on the size and location of the space

      1. Staff
      2. Alcohol and beverages
      3. Dry goods – Glassware, fruit and cleaning supplies
      4. Insurance
      5. Promotion – Depends on the place and popularity of place, etc etc
      6. Entertainment
      7. Legal fees
      8. Maintenance – Depends on the size of the venue and the number of customers you attract. The more customers you have, the more damage that is likely to happen to your venue.

      Im sure I forgot some items, but this is a good place to start.

  58. kennrich March 31, 2016 at 6:53 pm - Reply

    Comment…I av been going thru your blog, your suggestions and your answers to most of the questions asked in fact u are quite amazing. Thank you for a job welldone and for impacting to the life of million nigerians youths. More grease to your power. My own question is that I want to invest in a cement business as a supplier or distributor and I want to know more about the locations where the business will sell faster. Secondly how do I get connections with all these contractors that will need my products thank you.

    • Terser Adamu March 31, 2016 at 8:45 pm - Reply

      Hello Kenrich,

      Hello Steve,

      thank you for checking out the blog post and leaving a comment.

      If you’re interested in becoming a cement supplier/distributor for an established company for example Dangote Cement, you need to fulfil certain criteria. Most importantly you need to register your company with Corporate Affairs Commission and open a business account in any of the Nigeria Banks of your choice. If you don’t have these two things in place most reputable cement companies will not work with you.

      Below are the registration requirements from the Dangote website:
      Please ensure that you have the soft copy of the following documents before you begin Application:
      1. Certificate of Company Registration from the Corporate Affairs Commission
      2. Application Letter to become a distributor
      3. Scanned copy of the Bank reference letter
      4. Passport Photograph of the company’s Proprietor/MD
      5. Passport Photograph of the company’s Representative

      Once you are registered and officially authorised to supply you need to ensure that you have the capabilities to store the required quantities and the ability to efficiently transport them to the right place, right price, right quantity, right quality at the right time.

      With regards to knowing the locations that such businesses are successful, you need to carry out your own market research to determine this.

      Good luck with your venture and welcome to the My Naija Naira community!

  59. ojaysport March 24, 2016 at 1:07 am - Reply

    Job well done for the beautiful write up on business opportunities in Nigeria. I have been able to set up 2 small scale businesses and they are doing fine, I also intend to start the 3rd(haulage biz to be precise) but I was told that venturing into haulage will take all my time and attention resulting to other bizs folding up due to lack of proper monitoring and attention. Can you please guide me on how to save the 2 i have and still able to venture to the 3rd and manage the 3 successfully

    • Terser Adamu March 26, 2016 at 9:19 am - Reply

      Hello,

      I would advise you to conduct an extensive feasibility study for the haulage business that you want to launch. This way you will fully understand what is required to run such a business and be able to implement the required processes and procedures in order to successfully run all three businesses.

      Good luck with your venture, and welcome to the My Naija Naira community!

  60. mide March 23, 2016 at 5:21 pm - Reply

    And. I think someone can invest in forever living product cos is a.gud business and it as provided much more income for me. U only need 85k to start.

    • Terser Adamu March 23, 2016 at 9:16 pm - Reply

      Thank you for sharing this information with the My Naija Naira community!

  61. mide March 23, 2016 at 5:16 pm - Reply

    I have 5million naira but which business can I.do.with it.

    • Terser Adamu March 23, 2016 at 9:15 pm - Reply

      Hello Mide,

      there are so many types of businesses that you can do with 5 million naira. Your skills, knowledge, experience and interests will influence your decisions. Before embarking and fully committing on your venture I would advise that you carry out a feasibility study to determine if your business venture is viable.

      Good luck with your venture, and welcome to the My Naija Naira community!

  62. GODSPOWER March 23, 2016 at 9:25 am - Reply

    Good day sir, i love ur advise and motivation you give. I resigned from where i use to because i was tired of the whole wahala. I read mass communication and i love to talk. Alot of my friends say i should go into comedy cos am a very funny person. Thats my passion but since am married with kids, i need to start something that can take care of my bills. I have about 200k but since am not a business kind of person, am a bit confused. I have tried to get in touch with some comedians that i know so they can give me platform to display my talent but they dont respond to me since am not a name yet. My issue now is passion versus food on the table. I really need your advise. Thanks.

  63. Okechukwu Anderson Ngene March 21, 2016 at 10:27 pm - Reply

    Apt, well detailed and clearly laid. You style of writing is amazing, even as your quick response to question is second to none. Atleast we have no further excuse to tender anymore on the business idea as it has been listed here. I appreciate…you’ve also exposed me to other business ventures.

    However, you probably forgot to add food stuff biz in the list. Stuff like yam selling is also another money spinner….Anyone interested to know how to venture into this business can get details here http://www.foodstuffmillions.blogspot.com.ng/

    • Terser Adamu March 22, 2016 at 11:44 am - Reply

      I love your addition. Food stuff business is a discussion in itself as it so varied and contains many areas along the value chain/food chain that can be made in to a business.

      What I mean by this is the full range of value adding activities required to bring a food product or service through the different phases of production, including procurement of raw materials and other inputs. So this means every activity and process carried out at each stage from farming, supplier, traders, processors and retail is all part of the value chain/food chain that supports the whole food business industry.

      Once again, thank you for your contribution and welcome to the My Naija Naira community!

  64. Chris March 20, 2016 at 6:34 pm - Reply

    thanks for the post. I want to start an oil servicing firm, I have registered a company, obtained all necessary permits but having problem registering with big oil companies.

    • Terser Adamu March 21, 2016 at 3:05 pm - Reply

      Hello Chris,

      thank you for checking out my blog and leaving a comment.

      With regards to your comment these are some of the steps that I feel you should follow to improve your chances of securing contracts with big oil companies.

      1. Spend time on research – understand your perspective customer so you can sell to them
      2. Identify the right person – Find out who the decision maker is in the company and persevere to speak with them and communicate your message.
      3. Pitch smarter – Tell the company how you can improve their business.
      4. Be confident – You have faith in your business, so there is no need to be overwhelmed.
      5. Highlight what your business does best – Identify your business’s strengths and unique selling points and communicate what they are.
      6. Find your niche – Find something that no one else is offering in that market – and make it your own. Small businesses are uniquely placed to maximise a specialised market because they can be flexible and adaptable, and react quickly to an emerging opportunity.

      Good luck with your venture and welcome to the My Naija Naira community!

  65. Rotimi Albert March 18, 2016 at 7:25 am - Reply

    Thanks for your information on business opportunities. However, where in Lagos can I get used school teaching/laboratory items. Thanks

    • Terser Adamu March 19, 2016 at 12:46 pm - Reply

      Hello Rotimi,

      unfortunately I don’t know where you can get used school teaching/laboratory items in Lagos. I’d advise that you carry out a Google search, ask locally, or ask the questions on a forum such as Nairaland.com

      Good luck with your venture and welcome to the My Naija Naira community!

  66. mrs. Jemilat March 16, 2016 at 11:52 pm - Reply

    Comment… Good work u are doing.
    plz i want to know how to go about starting up a wholesale bags of rice and groundnut oil business and also How much capital will one need in order to start? I live in Abeokuta

    • Terser Adamu July 15, 2016 at 11:10 pm - Reply

      Hello Mrs. Jemilat,

      I never advise on how much capital is required to run a business as there are many variables that influence that. But 4 Things You Need to consider and research before you start a rice wholesale business are:
      1. Quality and reliable suppliers
      2. Suitable warehouse space to store your stock
      3. Capital requirement
      4. Reliable and suitable transportation to move your stock

      Good luck with your venture and welcome to the My Naija Naira community!

  67. Justin March 16, 2016 at 8:33 am - Reply

    Hi, I am Justin . am a corper serving in sokoto but reside in Lagos. Am looking at starting up a biznes in Lagos after serving with a capital of abt 100K. Dont no which biz to look at. Pls I need ur advice. Thanks

    • Terser Adamu March 17, 2016 at 11:10 am - Reply

      Hello Justin,

      All businesses can generate money, but it depends on many factors such as your skills, knowledge, experience and the business environment that you are operating in.

      First of all you need to decide what type of business you want to start. I understand that it can be extremely frustrating when deciding what type of business to start, so I would like to share a technique that I’ve used repeatedly and found great success.

      So how do you decide which businesses to start? First, take out a sheet of paper and write down things about you. List five to ten things about yourself that you like to do or that you’re really good at. Your list might include personal things such as – I’m really good with people, I’m a natural teacher teaching, I love to read, I love computers, I’m great with numbers, I’m good at selling or promoting ideas, I get a buzz from solving problems. Don’t restrict yourself, write whatever comes to your mind even if doesn’t make sense at first.

      On the other side of the paper, list things that you don’t think you’re good at or you don’t like to do.

      Next, ask yourself the same question about your business life. Examine what you like and dislike about your work life as well as what traits people like and dislike about you.

      Finally, ask yourself why you want to start a business. Then, when you’re done, look for a pattern to emerge from your answers and determine if there is a need for a business doing one of the things you like or are good at.

      Unfortunately I can’t decide for you. There are so many types of businesses that you can start, so it’s extremely difficult to tell you which one to choose. Follow the steps I have given you, decide on the business and then plan from there.

      Good luck with your business venture and welcome to the My Naija Naira community!

  68. Ifesinachi James March 12, 2016 at 1:27 pm - Reply

    My name is ifesinachi James am in Anambra state,i have at least 150k in hand pls can you tell me how far it will go in opening a football viewing center in federal polytechnic oko area.

    • Terser Adamu March 13, 2016 at 6:10 pm - Reply

      Hello Ifesinachi,

      I rarely comment on how much it will cost to startup a business as this is dependent on so many variables, and also how you execute your plans, but I will advise on what you need to consider. Below are some of the areas you need to consider when setting up a Football viewing centre in Nigeria.

      •Find suitable space with good facilities (water supply, electricity and power suppliers)
      •Reliable and good quality televisions
      •Buy DSTV decoders
      •Sign up for appropriate TV Subscription that meets your needs
      •Access to standby generator (there is nothing worse than power being cut during a sporting event)
      •Marketing your events (Social media, flyers, SMS or word of mouth)
      •Cost of food, beverages and snacks – nobody wants to watch an event whilst thirsty and with an empty belly
      •Sporting events don’t happen everyday. What will you do with your space when there are no events to attract customers?

      Good luck with your venture, and welcome to the My Naija Naira community!

  69. Timothy March 7, 2016 at 11:26 pm - Reply

    I’m a student,and I need to build a start-up capital for my self and be financially independent of my parents. I’m good in potrait and landscape drawing and painting, tutoring, but I don’t know how and where to start. Please, advice me sir.

    • Terser Adamu April 3, 2016 at 7:32 pm - Reply

      Hello Timothy,

      You can consider using your skills to make money by selling your work in your local area and online, or by organising workshops teaching people how to paint. Interestingly, the Nigerian art scene is rapidly growing and and it is starting to gain a lot of interest and recognition both nationally and internationally. Carry out a Google search to fins out what is happening in the industry and try to identify how and where you can fit in.

      Good luck and welcome to the My Naija Naira community!

      Good luck with your venture and welcome to the My Naija Naira community.

  70. Koey March 4, 2016 at 3:48 am - Reply

    Sir i have 5m naira and i really dont know the kind of business to go into can u pls advise me

    • Terser Adamu March 6, 2016 at 9:08 pm - Reply

      Hello Koey,

      thank you for checking out the website and commenting.

      All businesses can generate money, but it depends on many factors such as your skills, knowledge, experience and the business environment that you are operating in.

      I understand that it can be extremely frustrating deciding what type of business to start. First of all you need to:

      •Choose a business based on what you love doing
      •Pick a business that fits into your current life or the life you wish to maintain
      •Build a business on what you already know and are good at
      •Consider your financial status when comparing business opportunities
      •Think of a product or service in demand but currently under-provided

      Unfortunately I can’t decide for you. Because there are so many types of businesses that you can start it’s difficult to tell you which one to choose. If you follow the steps I have provided i’m certain that you will get closer to finding a business that is suitable for you.

      Welcome to the My Naija Naira community.

  71. Ifeanyi Emmanuel March 2, 2016 at 8:38 pm - Reply

    Pls update me on your new blogs. I am a graduate of English and a creative writer.Thanks.

    • Terser Adamu March 4, 2016 at 6:57 pm - Reply

      Hello Ifeanyi,

      thanks for visiting my blog and I hope you’ve found the information useful. Please sign up to the MyNaijaNaira.com mailing list so that you can be updated when new blog posts are published.

      Welcome to the My Naija Naira community

  72. Ck March 1, 2016 at 4:04 pm - Reply

    Thanks for the guide

    • Terser Adamu March 4, 2016 at 6:51 pm - Reply

      Hello Ck,

      thank you for visiting the website I hope you found the information useful.

      Welcome to the My Naija Naira community!

  73. ini February 24, 2016 at 12:49 pm - Reply

    Comment…pls. sir how do I become a manufacturer of candle and match sticks

    • Terser Adamu June 1, 2016 at 8:56 pm - Reply

      Hello Ini,

      producing candles can be very simple. You can even do it from home. All you need is wax, wick, moulds to shape your candles and a boiler to melt the wax.

      Good luck with your venture and welcome to the My Naija Naira community!

  74. kingsley February 23, 2016 at 10:42 pm - Reply

    good day sir, will really know on what biz one can invest profitably with 20million naira, i have a proposal of for pure water biz,( bitter kola , palm oil exportation).. also want to combine a salon(male n female), car wash n dry cleaner biz. in a space .. really will need ur response, plz e-mail if possible

  75. Emelda February 23, 2016 at 12:20 pm - Reply

    sir, thanks for the biz ideas, would like to introduce AIM GLOBAL business opportunity to those looking for a business opportunity, no special skill required, work on parttime or fulltime bases, online or offline.

    • Terser Adamu June 1, 2016 at 9:02 pm - Reply

      Hello Emelda,

      thank you for checking out the website and the information regarding the business opportunity.

      Good luck with your business venture.

  76. Aminu Kabiru February 21, 2016 at 8:15 am - Reply

    Wow! too much hard work is being done Here. I want to Start a soft Drink Manufacturing Business, Please how and where can i get those plastic bottles, and the sleeves, and the kinds of machinery i’ll need to start processing it. I’m in Kaduna State. Thank you

    • Terser Adamu June 1, 2016 at 9:07 pm - Reply

      Hello Aminu,

      I would advise that you search locally for someone who supplies plastic bottles, sleeves and has the machinery needed to start soft drink processing. Alternatively, if you have the capital you can purchase the machinery new or second hand from Europe or China.

      Good luck with your venture and welcome to the My Naija Naira community!

  77. Mukaila February 20, 2016 at 2:37 am - Reply

    I really like all ypu wrote but i will also need your advice on an issue of mine… I am a final year student and going with the current economy one can easily judge that the labour market is actually becoming more compeitive… My uncle wants me to start a business i.e being an entrepreneur. Though i have IT knowledge, so i dont know if you can suggest any business for me that you think will yield return…Really appreciate this…Thanks,

    • Terser Adamu June 1, 2016 at 8:59 pm - Reply

      Hi Mukaila,

      why don’t you use your IT knowledge to turn yourself in to a business. What is your specialist IT area? You can offer this as a freelancer on one of the numerous freelancer websites out there. Offer a quality service and your customer base will gradually grow through referrals and repeat customers. Before you know it you will be turning away work.

      Welcome to the My Naija Naira community!

  78. Lizzygold February 17, 2016 at 10:45 am - Reply

    Good day sir,just came across your writeups nd I have really learnt alot..Pls am a student and I want to do biz to support myself,I want to go into food delivery service but don’t knw how to go about it in terms of Capital,Things I will need and even companies to supply..Your advice will be appreciated sir

  79. Kola February 17, 2016 at 9:55 am - Reply

    Pls Mr Joseph, which business can I do with #200,000 here in Lagos

  80. clement February 16, 2016 at 10:07 pm - Reply

    helo sir. i discovered that am good in teaching and i enjoy it. but i dont know how to go into it as a business and i will like u to put me through. thank u sir

  81. Nurudeen February 14, 2016 at 11:47 pm - Reply

    Hello Mr Adamu
    I am from Ilorin, I really want to invest on groundnut large farming and processing of the groundnut to get oil and it cake. I need more emphasis on how to package the product and best way to market it. Also, where and how can I get a very huge farmland to start up the plantation.

    • Terser Adamu February 15, 2016 at 4:37 pm - Reply

      Hello Nurudeen,

      First of all, I would advise that you carry out your market research and a feasibility study. This will allow you to understand who is going to use your product/service, how old are they, are they male or female, are they married, single or divorced, do they have children, where do they live, what is their level of education, what is their income and so on.

      From this you will understand the different ways you should package your products, where to sell and effective strategies to market your product to your potential customers.

      Feel free to contact me if you need assistance with market research, feasibility study and business plans. I offer a consultancy service that can support you with the whole process.

      Good luck with your venture, and welcome to My Naija Naira.

  82. omojuwa curtis February 14, 2016 at 10:06 pm - Reply

    what does it entail to start internet business?

    • Terser Adamu July 15, 2016 at 11:14 pm - Reply

      Hello Omojuwa,

      When you say Internet Business, do you mean eCommerce site?

      If so, eCommerce is not a decision to make lightly. Unlike a normal website, an eCommerce website must be able to interact with the visitor/customers. Here is a brief description of the major things to consider when thinking about creating an eCommerce website:

      Traffic – You need to learn how to get users to come to your eCommerce website.

      Marketing – You must present your product and website in a professional way, and be able to market your product and website to attract visitors to your site. The most cost effective way is through digital and social media marketing. Once you have a visitor to your site you need to do everything you can to make sure they actually make a purchase.

      Navigation – Your websites must be easy to navigate. If a user can’t find their way around the site they will not make a purchase.

      Shopping cart – a process that collects the products / services, totals the order and provides a means for the user to enter their credit card information. If you sell more than one product a shopping cart is essential.

      Security – Your website must be secure so that potential customers are confident using your site and making a purchase without fear that their credit card information won’t be intercepted.

      Website Management – If you use a website platform such as WordPress there are many plugins you can use to track sales, orders and inventory. Tracking performance is essential and will ensure that you understand what is and isn’t working on your website.

  83. Adewale Abiodun February 14, 2016 at 3:29 am - Reply

    Great job , i really admire ur patience my question is, i like to start professional car wash i we have like how much to start it. How can ll see profit on it sir

  84. Mr Babson February 11, 2016 at 6:00 pm - Reply

    Hello Mr. Adamu,
    I am currently living in the UK. Though, I don’t have any business-related question to ask you for now (probably later), but having gone through your educative posts and your candid responses I can confirm that you are hardworking, scintillating and very tolerant. Please do keep up the good work, Mr. Adamu. God bless you.

    • Terser Adamu February 12, 2016 at 10:23 pm - Reply

      Hello Mr Babson,

      Thank you so much for your kind words, it means a lot 🙂

  85. Tjaey February 10, 2016 at 10:55 am - Reply

    Pls..what does it entail to start an equipment maintenance business and how much. Thanks

    • Terser Adamu February 12, 2016 at 10:37 pm - Reply

      Hello Tjaey,

      Thanks for checking out the website and commenting.

      To start an equipment maintenance business you need to have either the experience or the formal training and qualifications to fix equipment. Or, if you don’t you will have to hire someone who does.

      This should be one of the first things to consider before deciding to start such a business.

  86. Philip February 3, 2016 at 10:35 am - Reply

    Great job,i really admire ur patience… My question is; what is networking and how will i gain from it. Thanks.

  87. steve February 2, 2016 at 11:10 pm - Reply

    Good pm sir, my name is steve and I reside in abuja. I have about 500 hundred thousand naira and I want to go into cement supply bisiness … please how do I go about it.. thank u sir

    • Terser Adamu February 3, 2016 at 10:30 pm - Reply

      Hello Steve,

      thank you for checking out the blog post and leaving a comment.

      If you’re interested in becoming a cement supplier/distributor for an established company for example Dangote Cement, you need to fulfil certain criteria. Most importantly you need to register your company with Corporate Affairs Commission and open a business account in any of the Nigeria Banks of your choice. If you don’t have these two things in place most reputable cement companies will not work with you.

      Below are the registration requirements from the Dangote website:
      Please ensure that you have the soft copy of the following documents before you begin Application:
      1. Certificate of Company Registration from the Corporate Affairs Commission
      2. Application Letter to become a distributor
      3. Scanned copy of the Bank reference letter
      4. Passport Photograph of the company’s Proprietor/MD
      5. Passport Photograph of the company’s Representative

      Once you are registered and officially authorised to supply you need to ensure that you have the capabilities to store the required quantities and the ability to efficiently transport them to the right place, right price, right quantity, right quality at the right time.

  88. Joe Joe January 30, 2016 at 12:40 pm - Reply

    Thanks Sir For Your Biz Advices, Please I Would Like To Know If A Hundred Thousand Naira Would Be Able To Start A Phone Accesory Biz In Abuja That Is After Paying For A Shop And If The Biz Will Be Lucreative As Well Thanks Sir For Your Kind And Helping Advices.

    • Terser Adamu January 30, 2016 at 9:54 pm - Reply

      Hello Joe Joe,

      Thanks for checking out the website and leaving a comment.

      N100,000 is definitely enough to start a phone accessory business, but it might not be enough to cover you rent in Abuja. As part of your research and business plan you should make enquires about the cost of renting shop space in different locations in Abuja.

      Thanks again, Joe Joe, and welcome to the My Naija Naira community!

  89. Solomon Akin January 12, 2016 at 2:08 pm - Reply

    I really appreciate the helps you render to many nigerians, and I am one of you beneficiaries, thanks a lot sir. Sir, I want to start a haullage business with my bus, somebody told me that I can link up with a manufacturing company so that I can hired but I don’t know which company I can link up to, pls can you put me thru, or if there is any other way that can help me succeed in the haulage business. I reside in lagos.

    • Terser Adamu January 12, 2016 at 8:38 pm - Reply

      Hello Solomon,

      thank you for checking out the website and leaving a comment.

      Haulage generally refers to the business of transporting goods by road or rail for other companies or one’s own company. So any company that requires goods to be transported will require a haulage company. This can include manufacturing, agriculture and many other industries.

      I would advise that you carry out your market research so that you know the companies likely to need your services. Once you understand this you must understand who are your competitors and what they are doing to gain business. Don’t be afraid to use elements of your competitors business model as a template, but ensure that you are adding value as this is how you will carve your niche in the market.

  90. Osikoya Ariyo January 8, 2016 at 7:17 pm - Reply

    Hi Mr Adamu, I am a motivational speaker and also a radio presenter…. I wish to invest in other business, your candid advise please… Compliment.

    • Terser Adamu January 9, 2016 at 5:11 pm - Reply

      Hello Osikoya,

      thank you for taking the time to read my blog and contact me.

      As you probably already know, there are a vast amount of business opportunities that you can invest in. All business opportunities are lucrative, but to make them successful it depends on your skills, knowledge, interest and experience. First of all you need to decide what type of business you want to start.

      Firstly you need to start generating ideas. Think of the things about yourself that you like to do or that you’re really good at. Your list might include personal things such as – I’m really good with people, I’m a natural teacher teaching, I love to read, I love computers, I’m great with numbers, I’m good at selling or promoting ideas, I get a buzz from solving problems. Don’t restrict yourself. This will give you a clearer idea of what type of businesses to pursue.

  91. precious January 7, 2016 at 2:31 pm - Reply

    please sir I need your help on a perfect business for a young girl of 20 years I have like a hundred thousand naira pls comment

    • Terser Adamu January 7, 2016 at 9:07 pm - Reply

      Hello Precious,

      thank you for checking out the website and contacting me.

      Finding the perfect business can be a daunting and extremely frustrating task, so I would like to share a technique that I’ve personally used and recommended to others, and found great success.

      Firstly you need to start generating ideas. So how do you start the idea process? First, take out a sheet of paper and write down things about you. List five to ten things about yourself that you like to do or that you’re really good at. Your list might include personal things such as – I’m really good with people, I’m a natural teacher teaching, I love to read, I love computers, I’m great with numbers, I’m good at selling or promoting ideas, I get a buzz from solving problems. Don’t restrict yourself, write whatever comes to your mind even if doesn’t make sense at first.

      On the other side of the paper, list things that you don’t think you’re good at or you don’t like to do.

      Next, ask yourself the same question about your business life. Examine what you like and dislike about your work life as well as what traits people like and dislike about you.

      Finally, ask yourself why you want to start a business. Then, when you’re done, look for a pattern to emerge from your answers and determine if there is a need for a business doing one of the things you like or are good at.

      Unfortunately I can’t decide for you, but I can help you with the process.

      Because there are so many types of businesses that you can start online and offline. Follow the steps I have given you, decide on the business and then plan from there.

  92. abdul January 7, 2016 at 7:26 am - Reply

    Pls sir, need a large market for supply of egg can u help me dat pls God bless u sir

    • Terser Adamu January 7, 2016 at 9:11 pm - Reply

      Hello Abdul,

      unfortunately I don’t know where you are based, so it is difficult to be specific in my recommendations. I would advise you to network and ask questions around your local area to find the information that you are looking for.

  93. G. C. Nduka January 2, 2016 at 2:41 pm - Reply

    To start a school, the makeshift building alone will cost about #250,000. I have made a practical calculation.

  94. joseph obilo December 31, 2015 at 10:19 am - Reply

    Comment…thank u very much for insight sir. I currently work in a bookshop in the airport and doing well in sales but want to open my own bookshop ( motivationalbooks, text, printing materials like A4 paper & printing catrage and phone accessories) but I don’t know how the business will be like outside. I want my wife to run it because of my time. can the business do well in a plaza? please your suggestion, thank you

    • Terser Adamu December 31, 2015 at 9:14 pm - Reply

      Hello Joseph,

      thank you for visiting the website and commenting.

      Through your work at the bookshop you will have great understanding of what books sell and the type of people that buy specific genres of books. Use this information to determine if this customer base will be accessible if you set up your business in plaza.

      You need to carry out your market research to gather and analyse information about your potential market and product. It will help you undersatnd present and potential customers for your bookshop. You need to search into the characteristics, spending habits, location and needs of your business’s target market, the industry as a whole, and the particular competitors you face.

  95. esther December 30, 2015 at 5:10 pm - Reply

    God bless u for ur right up i am thinking of starting a cosmectic store like skincareproduct,hairproduct,toiletries,makeup e.t.c how do i go about it

    • Terser Adamu December 30, 2015 at 6:54 pm - Reply

      Hello Esther,

      Thanks for checking out the website and commenting.

      Firstly you need to do your research and identify who your customers are, find out what products those customers will buy and then find reliable suppliers/distributers that specialise in this products. A lot of the process and the products that you source will depend on your budget and possibly location. You need to carry out the research to determine what is possible.

  96. NelsonMario December 30, 2015 at 6:41 am - Reply

    Comment…thank u sir, for your good time and wisdom and knowledge you have given people about biz tips and help, may God bless you. Sir am a kind who have a high inspiration about biz and it’s passion.
    Pls am thinking of a business to start and make money out of it, am thinking of transportation biz, hw do u see it,and i also need ur advise and help to start up that if u really see it as a lucrative and fast enarning one. Thank u sir.

    • Terser Adamu December 30, 2015 at 7:10 pm - Reply

      Hello Nelson,

      I understand that it can be frustrating when deciding what type of business to start, so I would like to share a technique that I’ve used repeatedly and found great success.

      Firstly you need to start generating ideas. So how do you start the idea process? First, take out a sheet of paper and write down things about you. List five to ten things about yourself that you like to do or that you’re really good at. Your list might include personal things such as – I’m really good with people, I’m a natural teacher teaching, I love to read, I love computers, I’m great with numbers, I’m good at selling or promoting ideas, I get a buzz from solving problems. Don’t restrict yourself, write whatever comes to your mind even if doesn’t make sense at first.

      On the other side of the paper, list things that you don’t think you’re good at or you don’t like to do.

      Next, ask yourself the same question about your business life. Examine what you like and dislike about your work life as well as what traits people like and dislike about you.

      Finally, ask yourself why you want to start a business. Then, when you’re done, look for a pattern to emerge from your answers and determine if there is a need for a business doing one of the things you like or are good at.

      with regards to whether or not transportation business is lucrative, yes it can be lucrative. As I always say – All businesses have the potential to be lucrative but it depends on how you research, plan and execute the delivery of your business.

      Good luck with your venture.

  97. Great December 29, 2015 at 9:04 pm - Reply

    …good job sir.Am working,but need to quickly boost my income.I have abt 400k.Am in a local govt in the north.What can I do to earn at least 2k daily

  98. Jeffrey December 9, 2015 at 1:39 pm - Reply

    Comment… Good day, please i’d like to go into computer repairs, be it laptop, desktop, or notebook etc, but my fear is, if its still a lucrative business to start up. I’m currently a corper and i intend going for this training next month, so i could master it all before the end of my service year, then hopefully open a shop. Please what do you think? Also advice me in cooking gas refilling business, bcos that’s my second option. Thinking of setting up a shop where i could do that too on a small scale. So i need to know the taxes, advantages, disadvantages, and start up capital nvolved. Thank you and God bless

    • Terser Adamu December 9, 2015 at 9:30 pm - Reply

      Hello Jeffrey,

      Computer/gadget repair is a profitable business. It can be run online or offline. There is a company in Nigeria Called RepairAm who are doing this succesfully. Please check out my interview that I did with them – RepairAm | Online Gadget Repair in Nigeria.

      With regards to cooking gas refilling, you will need to carry out a feasibility analysis, which will help you to assess the merit of your business idea, determine whether there is a market for your idea, whether the idea is financially viable, and ultimately, whether or not it is worth investing your time and money into the venture.

  99. Baridam December 8, 2015 at 9:50 pm - Reply

    Comment… Thanks for your efforts
    Please how much do I need to start a snail rearing business and also a kerosene business in Nigeria port Harcourt

    • Terser Adamu December 9, 2015 at 9:01 pm - Reply

      Hello Baridam,

      Thanks for visiting the website and commenting.

      I’m in the process of writing a blog post about – How to Start a Snail Farming Business in Nigeria. Please sign up to my mailing list to keep updated.

      Please see email below for details about Kerosene business:
      Depending on the scale of the business you want to start, you can launch a Kerosene business for around N800,000 at most N1,200,000.

      When setting up a Kerosene business the areas you must consider are:
      1. Find a good location – you need to be strategically located. Ideally near a busy area, or an area that receives a lot of passing traffic.
      2. You must register with the appropriate body or agency in your state before you can start kerosene retail business
      3. Construct a surface tank
      4. Source your supply and set up good links with suppliers to guarantee regular supplier

  100. iyke December 8, 2015 at 10:52 am - Reply

    please sir, what type of handwork is fast earning money in Nigeria after the period of learning? Please help with list, and if posible with little insights of them. Hope i have not asked for much? Tanks and God bless you.

    • Terser Adamu December 8, 2015 at 8:42 pm - Reply

      Hello Iyke,

      Handwork is quite a loose phrase as it refers to any job done by hand. So this can mean any job that has the slightest aspect of manual work. With regards to the Nigerian economy, here is a list of jobs that require handwork.

      Phone/Gadget Repair
      Watch and Jewelry Repair
      Graphic Design
      Decorating
      Construction
      Barbers and Hair Dressing
      Crafts and Bead Making
      Agriculture

      Most of these jobs require a certain level of skill and understanding, so it is up to you to decide which one is most suited to your skills.

  101. Joy December 8, 2015 at 9:31 am - Reply

    God will continue to bless you Sir with wisdom and understanding, this is the first time that I will visit a business site like this and the writer take`s his time to respond to questions one by one. Pls I need you to help me out, I want to start up a provision store how lucrative is it and can I start it with 400k with d shop? I live in Ojota in Lagos If not what other profitable business can dat amount give me. Thank you Sir.

    • Terser Adamu December 12, 2015 at 9:47 am - Reply

      Hello Joy,

      Provision stores are sometime the most important business in any neighborhood as they make shopping convenient. Because of this the business can be extremely profitable. Your profit margins will not be great, but the amount of transactions will. This is where you will make your profit.

      A lot of the products that you will deal with are nonperishable and have no seasonal boundaries. This means that they will have a long shelf life and will sell all year round no matter the external issues.

      So to answer your question, yes it is a lucrative business, but 400K is not a significant investment but it is sufficient enough to start a small sized provision business that in time you can grow.

      Good luck with your venture.

  102. lolade December 6, 2015 at 4:54 am - Reply

    Hello Sir, thanks for d write up,…. Pls i hve 10mill naira, i dont knw wht to invest in, but i need a short term buz idea, dar can yield profit in 6 months

    • Terser Adamu December 6, 2015 at 3:15 pm - Reply

      Hello Lolade,

      Thank you for visiting the website and commenting.

      This is a question that I get asked quite often, and one that I have to be quite frank about. Starting a business and making it sustainable and profitable in 6 months is very difficult but not impossible.

      If you want to make instant money, you have to provide a product service to people that they are willing to pay for straight away — no investment, no development and keep your overhead costs to a minimum, just sell your time or your things with a profit and collect payment immediately. This way you can become cash flow positive from day 1.

      With regards to what business to start, only you can decide this, but you must ensure that you have your customers lined up and commited to buy when you launch your business.

      Good luck with your venture.

  103. Annabel December 6, 2015 at 12:02 am - Reply

    Comment…Thank u so much for the good work here, I have this idea of buying US kiddies wears online and sell in Nigeria from an international shopping mall, pls I want to know how profitable it is. Awaiting your response pls.

    • Terser Adamu December 6, 2015 at 3:25 pm - Reply

      Hello Annabel,

      There is definitely a market for selling children clothes in Nigeria, but I think you might run the risk of increasing your outgoings by opening the shop in an international shopping mall. I’ve known people who have succesfully run similar businesses but through an online/eCommerce store. This will significantly decrease your overheads and make you more profitable.

      Good luck with your venture.

  104. jenniferjennicity December 4, 2015 at 3:13 pm - Reply

    Thank you so much for the info. Pls I want to know some products Nigerians mostly order online. especially in Lagos. i am already into online biz. Thank you

    • Terser Adamu December 5, 2015 at 10:03 pm - Reply

      Hello Jennifer,

      It’s difficult to know what is bought online specifically in Lagos, unless you have access to data from a popular eCommerce website, but I do know that Jumia released a list of the most popular consumer items based on data from its website. These are the top 10 selling items on Jumia:

      1 – Mobile phones
      2 – Televisions
      3 – Dresses
      4 – laptops and tablets
      5 – Male shoes
      6 – Washing machine
      7 – Perfumes
      8 – Books
      9 – Mama gold rice
      10 – Bathroom towels

  105. Jerry Alex. December 4, 2015 at 8:18 am - Reply

    Mr.joseph Adamu,

    Thank for your article, i most confess they are really helping, i also thanks you once again for those who you have reach by this knowlage.

    I want to know the kind of industry i can put my fund in that will bring good turn up.
    I am targeting big enterprise to set up,
    The fund is not the problem but i want to know my interest is Agri or mining product or general trading company.
    Thanks you hoping to receive your guide and suggestion soon.
    Regards
    Jerry.

    • Terser Adamu December 6, 2015 at 3:46 pm - Reply

      Hello Jerry,

      all of these areas have huge potential in Nigeria. You need decide which area you are most passionate and knowledgable about. Feel free to contact me to discuss further. You can reach me on admin@mynaijanaira.com

  106. Elochukwu December 3, 2015 at 9:26 am - Reply

    Comment…sir u are realy a great man. pls can i venture in tokunbo cloth with 70,000 pls advice me

    • Terser Adamu December 9, 2015 at 9:19 pm - Reply

      Hello Elochukwu,

      yes you can start the business with this amount of money but this will determine the quality of goods you can buy, please ensure that you have customers lined up to buy your goods upfront so that you have a positive cashflow.

      Good luck with your venture.

  107. ojo kehinde Samuel November 25, 2015 at 11:09 pm - Reply

    Comment…I was so grateful wen I came across yr blog on businesses one can this evening, the area of my interest is snail rearing business, but my concern is that I am physically disable man, sir as a man who always on wheel chair hw would I do successful snail rearing. I have once went to its seminal years back what support u can render for me to succeed in it. am living in Ibadan Oyo state. how it will cost to start with 500 snails, last sir, how would I know the loamy soil so far I don’t know anything about land?. thank u so much for changing man’s life.

    • Terser Adamu December 8, 2015 at 9:19 pm - Reply

      Thanks for checking out the website.

      I’m so inspired that despite your disability you are motivated to pursue your business dream. You are truly an inspiration.

      I’m currently in the process of writing a blog post about – How to Start Snail Farming in Nigeria. Sign up to my mailing list so that you will be updated when the blog post is published.

  108. Eugenia November 25, 2015 at 9:02 pm - Reply

    helo sir, I have nothing but I want to start a cleaning biz, pls advise on what to do and how to go about it.

    • Terser Adamu November 26, 2015 at 6:01 pm - Reply

      Hello Eugenia,

      Thank you for visiting the website and commenting. What type of cleaning business do you want to start?

      Depending on this you will have to buy cleaning products in order to carry out your business activities.

  109. Eugene Ruth November 24, 2015 at 11:00 am - Reply

    how much can I use to start up a cyber cafe business pls

  110. winnie November 22, 2015 at 10:30 pm - Reply

    I want to start a mama put business, so I have been asking people around and also checking out and making research on it, what I keep hearing from them is that the business is stressful and you cannot do it alone. honestly I have tried so many things and I have been disappointed. right now I hope am not making another mistakes because all odds are against me, no financial assistance and I don’t know what to do but am so driven to do this all of a sudden. help!

    • Terser Adamu November 23, 2015 at 6:49 pm - Reply

      Hello Winnie,

      thank you for contacting me.

      One of the most important traits of a successful entrepreneur is drive. It sounds like you definitely have the drive. If you have a clear vision of what it is you want to achieve you should go for it. Don’t allow anyone discourage you from reaching your dreams.

      Yes, Mama Put business can be stressful, but what business is not stressful? Most importantly you need to be organised and plan your business methodically, no matter how big or small it is. This is how you will take control of potentially stressful situations, and run a sustainable and profitable business.

      Good luck with your venture.

  111. Daniel November 19, 2015 at 11:20 pm - Reply

    Hi Joseph

    Very insightful blog you have here. My situation is a bit unique, i live in the UK and was thinking of trying out the ecoomerce aspect of business in nigeria and possibly b2b sales. I have been told that a lot of people dont really have confidence in products the cant see and feel, is this the case? I think i have some fantastic products that would sell well once out there, but another hurdle im facing is logistics is there a reliable delivery couriers such as dhl?

    Kind Regards

    • Terser Adamu December 8, 2015 at 9:16 pm - Reply

      Hello Daniel,

      thank you for commenting and visiting the blog. The eCommerce industry in Nigeria is booming and seeing huge growth year on year. Some of the biggest and most successful startups are eCommerce/online businesses, for example Jumia.com.ng, Hotels.ng and Konga.com

      with regards to logistics, there are a new companies emerging in this industry but the bigger players such as DHL, UPS and EMS Speediest still dominate this space and are the most reliable.

  112. ACM November 18, 2015 at 10:03 am - Reply

    Nice biz ideas, find it interesting. Have interest in snail business,
    How do I go about snail business?
    thanks

    • Terser Adamu December 8, 2015 at 9:20 pm - Reply

      Hello ACM,

      Thanks for checking out the website.

      I’m currently in the process of writing a blog post about – How to Start Snail Farming in Nigeria. Sign up to my mailing list so that you will be updated when the blog post is published.

  113. aliyu dantala November 14, 2015 at 3:11 pm - Reply

    Comment…pls sir I want to know how much it will cost me to start snail farming business

    • Terser Adamu December 8, 2015 at 8:56 pm - Reply

      Hello Aliyu,

      Thanks for checking out the website.

      I’m currently in the process of writing a blog post about – How to Start Snail Farming in Nigeria. Sign up to my mailing list so that you will be updated when the blog post is published.

  114. lucky November 14, 2015 at 1:45 am - Reply

    firstly you are very kind and straight with yours answers, i want to open a lounge/joint as people call it in nigeria. is it a lucrative business and how much can i start it with and which area in lagos will be good for that ikeja is expensive now am considering buying a plot at akute. please advice me. or do i need two plots

  115. Ifiokobong November 6, 2015 at 11:40 pm - Reply

    Thank you for this wonderful list of business ideas. Its now up to readers to choose the one that is very profitable. I’ll like food business just because every one eat food everyday. Its surely lucrative no matter the competition

    • Joseph Adamu November 7, 2015 at 7:52 am - Reply

      Thank you and i’m very happy that you found it very useful.

      I agree with you 100%. With a rapidly growing population and increased urbanisation in Africa, I believe that agriculture and food businesses will be critical and very lucrative.

      • david kolade November 7, 2015 at 5:26 pm - Reply

        Evening sir I love what u wrote for me I have a business idea i have a business plan and also my sales unit but I have little or no capital at least 1 million naira will be enough to start and run the business but there isnt any place to get 1000 nt to talk of 1million…

        • Joseph Adamu November 7, 2015 at 10:10 pm - Reply

          Hello David,

          Thanks for commenting and i’m very glad that you asked this question as it is a situation that many people in Nigeria/Africa face. Below I answered a similar question for Wenja who wanted know how to start a business with no money I would suggest that you read it and see if you can get any inspiration from the pieces of advice.

          I will be writing a blog post about this very soon so sign up for my mailing list to keep updated. Also check out my blog post – 20 Lucrative Businesses You Can Start in Nigeria with Low Capital

  116. wenja November 6, 2015 at 7:31 am - Reply

    Hey…..everyone is asking about how to start a biz with big amount of money but what if you are starting from level zero with nothing on you, do you have any hope?

    • Joseph Adamu November 7, 2015 at 7:49 am - Reply

      Hello Wenja,

      Thanks for commenting and i’m very glad that you asked this question as it is a situation that many people in Nigeria/Africa face. If you want to start a business with no money I would suggest that you:
      Use the resources that are available to you
      Build a business round the skills you already possess
      Sell a product or service which people need rather than want
      Get customers to pay you upfront
      Tap into free advice
      Source any equipment you need for free
      Make the most of free technology to promote your business

      I will be writing a blog post about this very soon so sign up for my mailing list to keep updated. Also check out my blog post – 20 Lucrative Businesses You Can Start in Nigeria with Low Capital

  117. Ako Stinger November 5, 2015 at 5:52 am - Reply

    What business can someone do with the sum of 200,000 naira. I notice that i’m an internet freak, and i have done online marketing before, i once owned a blogsite but didnt adsensed it and i’ve not been active on it. But i’m active on facebook and others

    • Joseph Adamu November 5, 2015 at 9:00 pm - Reply

      Hello Ako,

      thank you for checking out the website and commenting.

      I think you have already answered your own question without my help. I often advise people to turn their passion into a business. If you are passionate about the internet you could develop an online business that helps utilise your skills and passion. Through the internet the options are endless.

      Businesses such as Information marketing, Affiliate Marketing, eCommerce, Blogging, sell on Jumia, Become a freelancer, web design, deal in domains, build apps and manage social media profiles. These are just a few of the inexpensive ideas that you can explore. It is up to you to decide which one is most suitable for your skills and future plans.

  118. Gogo November 4, 2015 at 12:01 pm - Reply

    Hello Mr Adamu, you are doing a good job.I would like to how the requirements for going into forex trading, capital etc. Thanks

    • Joseph Adamu November 4, 2015 at 6:55 pm - Reply

      Hi Gogo,

      thanks for checking out the website and commenting.

      Admittedly, Forex trading is not something that I have a lot of experience with. There are no specific requirements when Trading forex, if you’re interested you need to open up a trading account. Each forex account and the services it provides differ, so it is important that you find the right one. You need to carry out your research and figure out which one is best for you.

  119. Basil November 3, 2015 at 3:43 pm - Reply

    Please what kind of business can someone do with 400k that will start generate profit fast. Bcos i am a computer technician and i wanted to go 4 selling of computer part bt competitor are much and i want a related thing that can make me boost atlest within 5months. Thank you

    • Terser Adamu December 8, 2015 at 8:50 pm - Reply

      Hello Basil,

      Hello Lolade,

      Thank you for visiting the website and commenting.

      This is a question that I get asked quite often, and one that I have to be quite frank about. Starting a business and making it sustainable and profitable in 5 months is very difficult but not impossible.

      If you want to make instant money, you have to provide a product service to people that they are willing to pay for straight away — no investment, no development and keep your overhead costs to a minimum, just sell your time or your things with a profit and collect payment immediately. This way you can become cash flow positive from day 1.

      With regards to what business to start, only you can decide this, but you must ensure that you have your customers lined up and commited to buy when you launch your business.

      Good luck with your venture.

  120. David Harrison November 2, 2015 at 1:44 pm - Reply

    Good job sir, am really happy about your website///..am a Graphic Designer, also have interest in online Tshirt customising business, how do i come about it Sir??…and lastly i saw when you wrote “Domain could cost 10$…,how do i get it and pay for it??
    thank you sir…David

    • Terser Adamu December 8, 2015 at 8:48 pm - Reply

      Hello David,

      thank you for checking out the website and I hope you have found the information useful.

      When starting a T-shirt printing business the main thing you need to focus on is quality. If you’re shirts and prints washout after a couple washes customers will not return and they will not recommend potential customers to your business.

      First of all you need to source your tshirt suppliers carefully, decide who will designing your prints and how much they charge, the process of transferring the print to your t-shirts

      You can buy cheap domains from websites such as godaddy.com. Good luck with your venture.

  121. kabo peter November 2, 2015 at 7:22 am - Reply

    Sir what about New clothing business from lagos mandillas

    • Terser Adamu November 14, 2015 at 2:59 pm - Reply

      Hello Kabo,

      there are many businesses that anyone working at home, including a stay at home mum can start. As a starting point, here are some low capital business ideas that you could consider:
      Home Tutoring
      Mini Daycare
      Freelance Writing
      Sewing and Tailoring
      Pastry Making
      Hand Craft

      For more ideas you can also check out my blog post – 10 Guaranteed Ways to Make Money from Home

  122. tunji October 25, 2015 at 8:37 pm - Reply

    tanx for ur great concerned towards people… I like to start a transportation biz…I like keke napep for the biz….but dnt knw precisely how much it will cost and also…. I need list of states in Nigeria where d biz would just go smoothly well…!

    • Joseph Adamu October 31, 2015 at 10:45 pm - Reply

      Hello Tunji,

      thank you for checking out the website and commenting.

      The cost of Purchasing Keke Napep is about N400,000 and to register with a Keke station (Association) is about N5,000.

      Unfortunately I don’t have a list of of states in Nigeria where this business will go smoothly. Also due to the nature of business, I don’t think it is possible to determine what business is guaranteed to go smoothly.

      For your business to go smoothly you need to ensure that you carry out market research and a feasibility study. I would assume that there would be greater demand for this business in highly urbanised/populated areas. As the population in these areas continue to rapidly increase, and the need for people to move from one place to the other continues to rise, you will have greater opportunities to offer your services..

    • 007 February 21, 2016 at 6:55 pm - Reply

      i know this type of business will go fast in states like delta, Asaba precisely, some parts of lagos state, benin etc.

  123. Emmanuel October 25, 2015 at 12:44 pm - Reply

    Hello Sir, Am really interested on the pure water production business, Pls How do I go about it and like How much do I need to start

    • Joseph Adamu October 31, 2015 at 10:52 pm - Reply

      Hello Emmanuel,
      thank you for checking out the website snd commenting.

      This is a question that I’ve answered previously on my blog, and it is not straightforward as there are many or pure water production that you can enter..

      You can start a quality pure water business with 1million Naira. The main question you must ask is do you want to produce drinking water or be a seller of the product as a wholesaler or retailer? Are you interested in – sachet or bottled water? Depending on your choice and the size of your operation, the amount of capital you will need will vary. Producing or packaging the product will more capital than if you were a wholesaler or retailer.

      If you decide to produce drinking water significant investment in machines and equipment will be required. You will need water treatment, purification and distillation systems, filling machines and automatic sealers. The sachet water production plants are much cheaper, simpler and less sophisticated than the bottled water plants. Other things to consider as a producer include a good source of water (a borehole most likely), electricity, delivery vans and a steady supply of plastic sleeves and bottles.

  124. elendu victor October 24, 2015 at 7:52 am - Reply

    hello admin, good morning
    i would like to ask some questions ,i am a graduate and been seeking for job which is not forthcoming yet. i would like to ask if it would be lucrative to start the biz of cloth sales especially females with just 200,000 naira, and planning to take it into somewhat online stores as time goes on,what are the procedures and what will i be needing in terms of expenditure to set it up and also the risk involved.
    thanks

  125. Chi Eze October 23, 2015 at 12:37 pm - Reply

    Pls sir I am a stay @ home mom, what biz can I start with 50k. Thanks.

    • Terser Adamu December 8, 2015 at 9:06 pm - Reply

      Hello,

      thanks for checking out the blog and commenting. There are a few businesses a stay at home mother can do to earn extra income such as:
      Sell Crafts Online
      Freelance Online or Start a Freelance Business
      Child minders for local people
      Tutoring or Teaching
      Catering Business

      You might also want to check my blog post – 10 Guaranteed Ways to Make Money from Home

  126. kevin October 22, 2015 at 5:24 pm - Reply

    Hello sir, I don’t know what bussiness to go into. I have N 200,000 and 6 plots of land in Ikorodu lagos, I thought about poultry but was not sure because the land is situated in a residential area. Please I heed your advice. Currently considering snail and fish farming.

    • Joseph Adamu November 5, 2015 at 9:40 pm - Reply

      Hello Kevin,

      Poultry farming is still a viable option in a residential area, as long as the land is suitable. Alternatively, you could earn a steady income from renting out the land, or even selling it so that you can finance the purchase of land that might be more fertile or suitable for agriculture, or land that is situated in a strategic location.

    • 007 February 21, 2016 at 7:01 pm - Reply

      Hi i`d been away from nigeria for years now but i like to know if you could help me find out how much a plot of land is sold for in a secured environment not water lodged areas in ikorodu…. i like honesty pls you`ll greatly be rewarded if i`m convinced

  127. Nnamdi October 22, 2015 at 12:41 am - Reply

    Hello Joseph. So what do you think about an online college student tutorial business in Nigeria.

    • Joseph Adamu October 26, 2015 at 9:02 pm - Reply

      Hello Nnamdi,

      Incorporating technology to support learning is becoming big business in Africa. I’ve featured a few companies on this website who have created successful businesses by incorporating modern technology with traditional teaching methods.

      To successfully run such a business you need to seriously consider the following areas:
      platform you will be hosting your website because speed, reliability and security are extremely important
      You must also focus on the design of the website
      The content/teaching material on the website
      How you will market your business to potential students/customers.

      Good luck with your venture.

  128. Abbas fawas October 19, 2015 at 4:01 am - Reply

    Hello im about to buy a franchise called Classic Burger Joint its known in Lebanon for its professionalism and taste of burgers…therefore i was thinking why not openning it in Victoria Island , Lagos…i need your opinion what do u think of the idea ?.. Is the location good ?.. Do Nigerians like that kind of resturants ?.. however i was thinking about another idea to open Tonino its a crepe shop all kinds of chocolate and stuff but iv been in nigeria for 10 years and what i noticed about nigerians is that they dont like sugar so that vibrated my brains.. Thank you

    • Joseph Adamu October 19, 2015 at 8:34 pm - Reply

      Hello Abbas,

      fast food restaurants are growing in popularity in urbanised and affluent areas of Africa. In terms of Lagos, Victoria island would be one of the prime areas to open up such a venture. The key to this will be finding a prime location and understanding that your competitors are doing.

      Good luck with your venture.

  129. david October 18, 2015 at 10:55 pm - Reply

    Comment… pls sir, am working in Lagos island, a salary earner, but I need a little business that I can run with my little Money , presently am attending an I.T class, after work. I really need something that will be taking care of my expenses. pls sir any idea on what i can manage.

    • Joseph Adamu October 18, 2015 at 11:28 pm - Reply

      Hello David,

      Thank you for visiting the website. I would suggest that you explore possible opportunities that you can utilise your IT skills to generate extra income.

  130. Lawson October 17, 2015 at 5:45 pm - Reply

    Hello Sir, What are the requirements and amount to starting Graphic designer

    • Joseph Adamu October 17, 2015 at 10:49 pm - Reply

      Hi Lawson,

      thank you for visiting the website. I never comment on costs required on starting a business because it depends on many variables which are influenced by how you execute your plan. But here are few pieces of insight that you should consider when planning to become a graphic designer.

      To become a graphic designer, you will need to have IT and drawing skills. You’ll need to be able to find practical solutions to problems. You’ll also need excellent communication skills.

      Not all graphic designers are formally educated in graphic design, a lot of people are self taught by using online resources.

      To achieve this the following skills and abilities are important:
      Self motivated as it is likely you will be self employed or freelancing at first
      Ability to discuss the requirements of the project with clients and colleagues
      Provide accurate costs for the entire project
      Communicate with the client on a regular basis to report on progress
      Able to produce rough sketches and/or computer visuals to show clients
      Use specialist computer software and graphic design tools to prepare designs
      Negotiating and agreeing strict budgets and staged deadlines
      Deliver the final product on time, in line with the clients requirements and within the agreed budget

  131. ngozi October 11, 2015 at 8:23 pm - Reply

    Pls sir Hw do I get knowledge of snail farming,i really wish to go into it

    • Joseph Adamu October 14, 2015 at 8:02 am - Reply

      Hello Ngozi,

      thank you for checking out the website and commenting. I’m in the process of completing a blog post about How to Start Snail Farming in Nigeria, hopefully this will be helpful once it is released.

  132. Ade October 9, 2015 at 9:39 am - Reply

    Great work! Thanks for assisting the masses. Am interested in real estate business( residential) not as an agent but as an investor and I don’t have any money to start it for now. Please can you help me for any investor that I can work with even for free just to lean or any coaching centre on that.

    • Joseph Adamu October 10, 2015 at 8:23 am - Reply

      Hello Ade,

      thank you for checking the website and commenting. Unfortunately I don’t know of any investor that you can currently work with. I think you are possibly approaching this the wrong way. If you have no money to start as an investor it might be sensible to enter the industry as an agent and understand how the industry operates whilst you save your money to invest.

      Real estate is quite a vast industry. Do some research on the area you want to focus on. Carry out research like you would when starting out in any other business/industry. You need to understand the following:
      How does the industry work?
      Who are the big players/companies?
      What exactly do they do and how did they become successful?
      What do they offer their clients that makes them successful?
      What laws guide operations in the city/state where you want to operate in Nigeria?

      Learn from those who have already found success in this industry. Google them for stories, history, if they have a blog, books or any video tutorials available online. Be proactive in your personal development. Don’t wait for others to develop you, take charge of your development. Getting the necessary information will feed you with what you need to succeed.

      The more knowledge you build, the more desirable you will be to people you want to work with.

  133. Damilola October 5, 2015 at 5:28 pm - Reply

    Hello Joseph,

    How much capital will one need in order to start a Viewing Football Center, right now?

    And, any idea about recharge card printing business?

    As I wait to hear from you, stay blessed!

    • Joseph Adamu October 11, 2015 at 8:54 am - Reply

      Hello Damiola,

      I rarely comment on how much it will cost to startup a business as this is dependent on so many variables, and also how you execute your plans, but I will advise on what you need to consider. Below are some of the areas you need to consider when setting up a Football viewing centre in Nigeria.

      •Find suitable space with good facilities (water supply, electricity and power suppliers)
      •Reliable and good quality televisions
      •Buy DSTV decoders
      •Sign up for appropriate TV Subscription that meets your needs
      •Access to standby generator (there is nothing worse than power being cut during a sporting