51+ Best Profitable Small Business Ideas in Nigeria in 2024.
Explore our list of 51+ best small business ideas in Nigeria in 2024.
Nigeria is a country with a dynamic population and a growing economy offering businesses access to millions of potential customers across various income levels.
Today, I’ll show you 51+ Best Profitable Small Business Ideas in Nigeria in 2024. These ideas not only have the potential to earn you money but also provide valuable insights to help you make informed choices.
You can also start these businesses with 200k in Nigeria.
Let’s dive in!
Table of Contents
1. Best Profitable Small Business Ideas in Nigeria in 2024: Fish Farming
You can start fish farming by choosing various fish species like catfish, tilapia, or ornamental fish for breeding.
Fish farming is a viable means of earning a substantial income in 2024.
2. Graphic Designing
Offer a variety of graphic services such as logo design, branding, and more for different clients.
See Also: Businesses to start with 500k in Nigeria
Businesses will continue to need the services of graphic designers, so this will always be a good business for now.
The good thing about this business is that you can always learn other related skills like Figma and pivot even a more techie business which will even help you earn more.
3. Food Processing and Packaging
Processing and packaging of food could be the perfect profitable business you are looking for in 2024.
Food business is always a good business because humans’ most important need is food. So, this will always be a lucrative business.
You could start with fruits, grains, etc, and transform them into juices, jams, and snacks for sale. This is an amazing business idea.
If you have 50k and you want to start a business in Nigeria, here are the best businesses you can start with 50k in Nigeria in 2024.
4. Baking services
Baked goods are popular among Nigerians, making this a stable and profitable business venture for you in 2024.
You can start by baking in your own home and selling to your neighborhood until you attract more clients. Find out the most in-demand items and go for these first.
5. Catering Services
You can choose to cater for small gatherings or large events. But it’s always better to start small and then grow it gradually.
See Also: Best products to sell online in Nigeria in 2024.
This can be the perfect opportunity you are waiting for to earn you money in 2024.
6. Best Profitable Small Business Ideas in Nigeria in 2024: Tutoring services
If you are good at a particular subject or course, you can maximize this by providing tutoring services.
You just need to get the required materials and start with a small group of interested. Better still, start teaching online on some of the top tutoring websites.
7. Vegetable Farming
Certain vegetables like tomatoes, peppers, and leafy greens fetch premium prices in the Nigerian market.
You can venture into vegetable farming and earn money by selling your harvest.
8. Home cleaning services
With the busy lifestyles of people in Nigeria, you can offer a variety of cleaning services, such as house cleaning, deep cleaning, carpet cleaning, and more.
9. Content Writing Services
Starting a content writing service involves showcasing your writing skills through a portfolio.
Identify your niche, and consider freelance platforms for initial projects.
10. Laundry Services
Starting a laundry service in Nigeria is simple. Get a shop in an accessible location, invest in quality laundry equipment, and provide services like washing, ironing, and dry cleaning.
That’s it!
11. Event Photography
Begin your event photography business by investing in high-quality camera equipment. You can create a website to showcase your work and relate with clients.
12. Organic Farming
If you have a piece of land in Nigeria that is unused, you can use it for organic farming. It involves conducting soil tests and choosing crops or livestock to rare on your parcel of land
13. Snail Farming
Engage in snail farming. Raise snails for their meat and slime for restaurants and individuals. This is another great small business idea in Nigeria. 
14. Fitness Equipment Rental
To launch a fitness equipment rental business, source high-quality equipment such as treadmills, weights, and yoga mats.
Set competitive rental rates and create a user-friendly website for bookings. That’s it!
Best Profitable Small Business Ideas in Nigeria in 2024
15. Social Media Services
In 2024, many individuals and businesses in Nigeria find it challenging to manage their handles due to busy schedules. 
his presents a valuable opportunity for you to offer your services and potentially earn a substantial income.
16. Mobile App Development
Capitalize on the growing demand for mobile apps in 2024, by creating user-friendly and innovative applications for businesses or individuals.
17. E-commerce Store for Local Products
You can make a profit on an online platform by showcasing locally produced goods like farm products. This can provide customers with easy access to unique products.
18: Solar Installation Services
Contribute to sustainable energy solutions by starting a business that installs solar panels for residential and commercial properties. With Nigeria’s abundant sunlight, this could be a lucrative venture.
19. Interior Design Consultancy
Tap into the home improvement market by offering interior design services. Help clients create aesthetically pleasing and functional spaces within their homes or offices in 2024.
20. Car Wash Services
With the increasing number of cars in Nigeria, a car wash business can be profitable.
Provide efficient and thorough car cleaning services, and consider loyalty programs to attract regular customers.
21. Online Coaching or Consultancy
Share your expertise in a specific field by offering online coaching or consultancy services like business coaching, career guidance, or personal development to make a profit.
22. Livestock Farming
Start a small-scale goat or sheep farming business. This can include breeding, raising, and selling these animals to meet local demand.
23. Beauty Salon or Spa Services
Launch a beauty salon or spa in 2024 offering services such as hair styling, manicures, pedicures, and massages. Emphasize quality service to attract clients.
24. Virtual Assistant Services
Assist businesses and entrepreneurs with administrative tasks remotely. Offer services such as email management, scheduling, and other organizational support.
25. Online Grocery Store
Capitalize on the convenience trend going on in Nigeria by launching an online grocery store, where you provide a wide selection of products.
26. Pet Care Services
With a rising interest in pet ownership, offer services such as pet sitting, grooming, and training to make a profit in 2024.
27. Waste Management Services
Contribute to environmental sustainability by providing waste management services such as waste collection, recycling initiatives, and proper disposal methods.
28. Personal Chef Services
Meet the demand for delicious, home-cooked meals for busy individuals or families in 2024.
29. Handmade Crafts and Artwork Sales
Showcase creativity by selling handmade crafts and artwork. Establish an online platform or participate in local markets to reach a broader audience.
30. Travel Agency for Local Destinations
Explore the tourism industry by specializing in local travel destinations. Provide personalized travel packages and experiences to showcase the cultural richness of Nigeria.
31. Mobile Repair Services
With the prevalence of smartphones and other devices, start a mobile repair service. Offer on-the-go repairs for phones, tablets, and other gadgets.
32. Import and Sell Unique Products
Identify unique and in-demand products from international markets and import them for resale in the local market.
Best Profitable Small Business Ideas in Nigeria in 2024
33. Fitness Coaching
Offer personalized fitness coaching services for profit in 2024. Provide workout plans, nutritional guidance, and motivation to clients looking to achieve their health goals.
34. Recycling Services
Establish a business in Nigeria focused on recycling materials such as paper, plastic, and glass. The world is going green now so, this is a very future-focused and beautiful business idea in 2024.
35. Podcast Production and Consulting
Make a profit by offering production and consulting services to individuals or businesses looking to start their podcasts or video content generally.
You can provide expertise in content creation, editing, and distribution. All you need is in-depth knowledge of the world of content yourself.
36. Courier and Delivery Services
Start a courier business to facilitate the transportation of packages and goods within local or regional areas in Nigeria.
37. Herbal Medicine Production
Tap into the growing interest in alternative healthcare in Nigeria by starting a business focused on producing and selling herbal medicines in 2024.
Make sure you have the needed knowledge, experience and education/skill in this field and you are also well registered with the appropriate bodies.
38. Event Planning
Assist clients in organizing weddings, parties, and corporate events with creativity and precision for profit in 2024.
39. Photography Studio
Set up a photography studio business and capture special moments for individuals, families, or professionals, offering high-quality prints and digital images.
40. Personalized Gift Shop
Create a business that specializes in personalized gifts. Offer custom-made items for various occasions, allowing customers to add a personal touch to their presents.
41. Computer Repair Services
Provide computer repair services in Nigeria and address issues related to hardware, software, and networking to support individuals and businesses with their IT needs.
42. Mobile Money Agent
Take advantage of the widespread use of mobile payments by becoming a mobile money agent. Provide services such as cash-in, cash-out, and mobile money transfers to customers in your community.
43. Custom Tailoring Services
Start a custom tailoring business, catering to individuals who seek personalized and well-fitted clothing. Offer a range of tailoring services, from alterations to bespoke garments.
44. Online Tech Support
Offer remote technical support for individuals and businesses facing computer or software issues through online platforms.
45. Agricultural Consulting
Share your knowledge of agriculture by starting an agricultural consulting business. Guide crop cultivation, livestock management, and sustainable farming practices to local farmers.
46. Bed and Breakfast Services
If you have a spare room or property, consider starting a bed and breakfast. Offer travelers a comfortable and homey accommodation option with personalized service.
47. Handmade Jewelry Business
Tap into the demand for unique and handcrafted jewelry in Nigeria in 2024. Create and sell handmade jewelry pieces to make a profit.
48. Language Translation Services
Use your language skills to make money by helping businesses and individuals communicate effectively across language barriers.
49. Home Renovation Services
Start a home renovation business, offering services such as painting, flooring, and minor repairs in Nigeria in 2024.
50. Plant Nursery and Sales
Start planting, cultivating, and selling a variety of plants, flowers, and shrubs to individuals and businesses looking to beautify their surroundings.
51. Poultry Farming
Poultry farming involves raising domesticated birds such as chickens, ducks, turkeys, and geese for various purposes. You can start small with backyard chicken raising and gradually scale up for income.
52. Tailoring Business
Launch a tailoring business offering custom clothing services. Provide tailored garments, alterations, and unique designs to cater to individuals seeking personalized and well-fitted attire.
53. Shoe Making
Craft and sell handmade shoes in 2024, offering a blend of style, comfort, and quality to attract customers who appreciate artisanal footwear.
54. Video Editing
Tap into the growing demand for video content by offering video editing services.
Provide professional editing for individuals, businesses, or content creators in Nigeria looking to enhance the quality of their videos.
55. 51+ Best Profitable Small Business Ideas in Nigeria in 2024: Blogging
Start a blog and share your expertise, interests, or experiences. Monetize your blog through advertising, sponsored content, or affiliate marketing.
Consistently create valuable and engaging content to build followers.
Goodnews Etim is a passionate and versatile writer with a knack for crafting compelling articles that engage and inform readers. With diverse experience, He has a proven ability to adapt to various writing styles and genres.
