People say making money in Nigeria is hard. But really, this isn’t the case.
There are scores of way to make money in this country. And in this article, we’ve highlighted 100 ways of generating a steady stream of income no matter where you are in the country.
100 Ways to Make Money in Nigeria
- Taxi service
If you have a car and a lot of time of your hands, you can start a private taxi service. You may not need to own a car if you can approach someone with an idle car. Through this means, you can share the proceeds of the business with your partner.
This is a way of taking your service a notch higher. You can register on Uber, an online taxi service and you’ll start getting a steady stream of clients. You can also register on other online platforms like Taxify and Alakowe.
This is particularly lucrative if you live in a busy city. You can provide this service for these working class parents.
- Home tutorial
If you love to teach and you have a good grasp of some secondary school subjects, you can offer a home tutorial service.
- Education and tutorial centers
This is a notch higher than starting a home tutorial. In this way, you can increase your revenue by catering for students that need assistance especially when preparing for exams like WAEC, GCE and JAMB.
- Phone repair
In this case, you can learn the skill and begin to offer your service to friends and acquaintances.
- Phone sales
Everybody uses a phone these days as a result, there’s always the need to buy a phone at some point in their life time.
- Home cleaning
You can either offer this service personally or you can employ cleaners to work for you.
- Hair stylist
Having a great hair stylist is every lady’s dream. Interestingly, you don’t need to be a hair stylist to get started. You can employ a stylist to provide the necessary service while you run the business.
- Cat fish farming
Cat fish farming is quite lucrative with farmers recording profit in millions during harvest. Unlike crop farming, you don’t need so much space to get started. Interestingly, you can learn the basics of catfish farming in just a few days.
- Poultry business
Poultry business is another lucrative business opportunity particularly for the eggs which is an important part of the average Nigerian diet.
Rearing snails is another lucrative way to make money.
- Event planning
With owambe parties happening almost every Saturday, there’s a need to plan these events properly. If you’re good with event planning, you can pitch your service to your friends and acquaintances.
- Real Estate Agency
Networking is the core of this business. If you can network effectively with the right people you can build a profitable real estate agency. And the profit margin is quite high. For every rent or sale, you will get a commission and sometimes this can run into millions of naira.
People love good pictures and any photographer that can capture beautiful moments is certainly going to be smiling to the bank regularly.
Weddings and other special occasions or events need to be captured not just via photos but using a video camera. If you have the skill, you can pitch service to potential clients and getting the money rolling in.
A good reason to start an e-commerce business is the low barrier of entry. Unlike a physical store, you can open an online store with less than N100 000.
- Gym or Fitness Instructor
If you’re a stickler for being fit and you have an amazing body to validate your body building passion, you can offer your service to people.
- Beauty & Makeup
The beauty industry has grown exponentially in recent times and almost every young lady these days seems to be interested in beauty and makeup.Interestingly, you can learn the art of makeup in a few weeks.
- Employment Agency
A large proportion of the Nigerian populace is either jobless or underemployed. You can build a service around this, by starting a recruitment or employment agency to bridge this gap.
- Travel Consultancy
People travel a lot and many need the convenience of booking their tickets and other logistics with little or no hassles. You can become a certified travel agent/consultant and make your money by offering this service to your target customers.
- Barbing salon
Opening a barber’s shop is another lucrative way to make money
- Logistics Business
With the rapid rise in e-commerce business and with the need for people to move things from one place to the other, you can take advantage of this business and serve as a third party logistics (3PL) outfit for businesses or any of the thriving e-commerce platforms.
- Bakery Business
Bakery business is certainly lucrative if you do your planning and research but you should have enough capital to start and maintain your business for a couple of months before you break even.
- Computer schools
Twenty years ago, you could rise to the top of your profession with a little or no computer skills. But these days, you won’t even get an entry level job without basic computer skills. This explains why setting up a computer school can be really lucrative.
- Purewater business
A purewater venture is another lucrative business opportunity because need to drink water.
- Bead production
Wedding events take place every weekend and one of the popular accessories worn by the bride and groom is beaded jewelry. You can learn the skill and offer your product to your target market.
- Pharmacy store
If you’re a pharmacist, it’s not so difficult to open a pharmacy store. On the other hand, if you’re a non-pharmacist, you’ll need to partner with a pharmacist to setup your store.
- Pet breeding
There are many pet lovers especially dogs in Nigeria. You can specialize in exotic breeds like the Alsation, chihuahua, rotweiler etc and sell their puppies for a good amount of money.
- Barbing salon
Every man loves a great hair cut and they will pay any amount to get the right barber. If you can get expert barbers, you can start a barbing salon.
- Printing Press
There’s always the need to print especially with individuals, churches and businesses You can offer your printing service to this target market and make regular money.
- Catering service
Wedding events, birthday parties and business meeting usually include an item 7 (food) and the service of a caterer is always required in this case.
- Driving school
There are people looking to learn how to drive daily. If you have one or two vehicles, you can offer this service to aspiring drivers however you’ll need some requirements before you can kickstart this business.
- Laundry business
Drycleaning is another lucrative business especially in the urban cities. With most individuals being extremely busy, self laundry is almost a luxury. You can set up your store and provide a laundry service for these busy folks.
- Soap making
Soap making is quite easy to learn and can be very lucrative if you can gain a steady stream of customers.
- Recharge card business
Recharge card business is another profitable business niche.
- Web design
Every organization has come to understand the essence of having a website as a result; the need for web designers has skyrocketed in recent years. You can work as a solo web designer if you have the skill or you can set up a web design agency.
- Fashion design
Fashion design has become a trendy career option in recent times. From young school leavers to university graduates, this vocation has become a really viable business option.
Once upon time nobody thought blogging could be a lucrative business opportunity until Linda Ikeji made it quite popular with billions of naira in her account from simply running a blog.
- Freelance writing
Freelance writers are in high demand by many companies due to the proliferation of websites and the need to produce content.
- Plumbing service
Plumbing is another high demand business option due to the dearth of professionals in this vocation. If you offer this service, you’re certain to have a steady stream of customers and income.
- Electrical service
Lighting and electrical service is another service that can make you good money. From churches to project managers, there’s always a reason to hire an electrician or lighting professional.
- Nursery School
Starting a school is another viable means of creating a steady stream of income. However, this business can be quite capital intensive.
- Primary School
You can take your nursery school a step higher by evolving into a primary school
- Sales of exams past questions
This service is particularly lucrative if you offer the complete package of questions and answers. And you can make these packages into online format to cater for the new generation of internet savvy youths
- Fast Food
The need for a fast food is particularly common in urban centres where most working class individuals barely have enough time for cooking. You can employ cooks or you can provide the service yourself if you’re a great cook.
- Hotel Business
People travel all the time and they often need a place to stay. Providing a hotel service can be a way of meeting this need.
- Food export
Food export can help not just you as an individual but the country as well. This business can help to generate foreign exchange for the country. However, there may be constraints in getting the permit for this business.
With the country largely dependent on foreign imports, you can take advantage of this by identifying a product that is in huge demand and importing it into the country to sell to your numerous customers.
- Online Advertising
Also know as digital marketing, you can take some courses online with regards to this and you can start offering your services.
The entertainment industry comes with a lot of opportunities. You can promote celebrities and upcoming talents and earn a commission from this.
Retail is one of the easiest businesses to start and it comes with a good return on your investment.
Although the margin in any wholesale business is much lower than retail, you can get your wholesale business running if you can reach out to businesses in your niche.
- Snack making
Making pastries and snack is another hot business opportunities. You can make these snacks in bulk and sell to retailers.
- Graphic design
If you know how to make beautiful designs. You can offer this service to potential clients.
- Betting shop
The sport betting industry is estimated to be worth billions of naira and it is said that at least 60 million Nigerians are involved in sports betting. What are you waiting for? Start your sports bet shop and start counting your cash.
- Sales representative
Companies are always looking for sales agent to help sell their products for a commision. If you are good with making sales, then you can start making money easily.
Vlogging has become a million dollar business in recent times. If you can create engaging and top quality videos, you can command a large stream of subscribers and in little time you’ll start earning good money from ads.
- Rental service
Renting canopies, chairs and tables for events and meetings can be a regular stream of income.
- Handy man
If you’re the go-to man when it comes to fixing things in the home, you can offer this service on a larger scale and earn some cash.
- Creating informational products
If you’re knowledgeable in certain topics you can create an e-book on that topic and sell it on the internet
- Senior home companion
Over 10 million Nigerians are aged 65 years and above and many of these elderly men and women need a companion in their homes.
You can build a service around this need by providing companions for these older folks for a fee.
- Affiliate marketing
If you have a website, you can promote products on your website and earn a commission anytime these products are sold via your website.
- Shoe cobbler
Hand made shoes have become trendy and a lot of people seem to be buying them. You can learn the skill and start making cool cash.
- Bar or lounge
After the hustle and bustle of work, a lot of people often find solace at a lively bar. If you can find a good location and offer top notch service, you can make a lot of money from this business.
- Viewing centre
Nigerians are football lovers and many love to watch live football matches in public places. Setting up a viewing centre can serve as a steady income source especially during the league season.
- Event decorator
One of the ways of making an event colourful is by decorating it. Events decoration is an art and if you can learn it, then you can make hundreds of thousands weekly.
- Professional caterer
If you’re a great cook, providing food and all kinds of assorted delicacies at events or meetings can serve as a way of generating an income for you
Painting is another interesting way to make money in Nigeria. In fact, you can add extra dimensions to it by making your paintings artistic expression
Furniture, sofa, beds are essentials in every home, if you have the skills or can employ, capable upholsterer, you can make a lot from this business.
- Brand ambassador
This is a good business opportunity if you’re a student or have gained some form of popularity in your locality. In either case, you can serve as an ambassador for these brands by helping these organizations garner popularity through ambassadorial position.
- Party clown
Children love clowns especially at their parties. If you love to entertain kids, you can work as perform as a party clown and earn some money.
- Master of Ceremonies (MC)
If you know how to get the attention of a crowd and you have a great sense of humour, you can fill in as an MC and make some cool cash.
If you’re muscular with a big frame, you can earn some cash working as a bouncer at clubs and events.
- Public speaker
Public speaking is a great skill that can fetch some money particularly if you’re an expert in any given field.
- Playing in a band
With skills in playing the drums, keyboard or any other musical instrument, you can make some money playing in a band at events.
With the right physique, you can work as a model and earn good money.
- Rings/Jewelry seller
People get married every weekend and one necessity at these events especially for the couples is their ring/jewelry. You can source for these items and selling them to intending couples.
- Private driver
You can work as a driver for individuals or corporate organizations on part time basis to earn money.
- Book seller
People love to read educational and motivational books, but many don’t have the time to go scouting for these books. You can select a range of best sellers and sell to these folks.
- Virtual assistant
Busy people need assistants all the time and they don’t mind if s/he has to work remotely as long as the work is being done on time.
- Taking online surveys
This is another way to make some money. It’s as simple as the more surveys you take, the more you earn
- Create your products
Making money can be as simple as creating your own signature products and selling it to your prospective customers.
- Domain and site-flipping
This is another interesting way to make money. You can buy domain names and websites at cheap rates and sell them at higher prices.
- Sell things you no longer need
Another way to make money is to sell the things you no longer need at home. You can sell these items on online platforms like Jiji
- Lawn mower
Some homes have overgrown bushes and their owners may not have the time to trim these bushes. You can offer your service and you don’t need to
- Car wash business
Car wash is another viable business that can generate good revenue for you and it isn’t so difficult to set up.
- Life coach
If you have expertise in certain important fields such as leadership, business etc, you can offer your service as a life coach to those who need it.
- Business consulting
If you’ve been involved in business and you have ample experience you can start business consulting and offer your service to small and medium sized businesses.
- Social media manager
With the exponential growth of social media, many organizations need capable hands to manage their social media handles; you can serve in this capacity and earn a good sum.
- Email marketer
Also, organizations need individuals that can help with their email newsletter which may be sent daily, weekly or as the case may be. You can learn the basic of the vocation and offer your service to companies.
- SEO Expert
Getting your website ranked on Google is a major challenge for many businesses. If you can learn the art of SEO, you can offer your service in this regard.
- Create an eCourse
If you love to teach and you have an expertise in a given field, you can create an eCourse and sell it at a fee.
- Language translator
Foreigners come into the country every time and some of them don’t understand English. If you have working knowledge of their language you can serve as a teacher.
- Language teacher
You can take your translating job a step further by teaching people that are interested in learning.
- Shoe making
Once upon a time, shoe making and repair was restricted to illiterates. But with the likes Eseoghene Odiete meeting the likes of Richard Branson, shoe making has really become trendy
With the money celebrity musicians make these days, it may not be a bad idea to try your hands on music if you have the talent. You never know, you may just be the next Wizkid.
- Song writer
If you can sing, but have the gift of writing compelling lines, then you can write songs and sell to your musical clients.
You can work as an usher at events and earn some quick cash just by showing up for a few hours.
- Party Disc Jockey
Nigerians love to party and if you know how to use the turntables and get the crowd excited, you can make a lot of money every weekend.
Once you can identify a business opportunity that you would like to delve into, the next thing is to do your due diligence of research/planning and you’re good to go.