10 Most Profitable Businesses in Nigeria with Low Capital
April 11 2025
9 Mins READ
Damilola
66
Starting a Business in Nigeria with Low Capital
Many people want to start a business but believe they need millions to begin. The truth? You don’t need huge capital to run a profitable business in Nigeria.
With the right strategy, you can start small and scale over time. The key is choosing a business that requires little investment but has high demand.
If you’re ready to be your boss, here are 10 profitable businesses you can start in Nigeria today with low capital.
1. Mini Importation Business
Buy cheap products from China, Turkey, or the UK and resell them at a higher price in Nigeria.
Most Profitable Items to Import:
✅ Fashion items (clothes, shoes, wristwatches, handbags).
✅ Electronics (earbuds, power banks, mini fans).
✅ Beauty & skincare products.
Need startup capital? Swap old items for cash on Cusecho Swap!
2. Thrift (Okrika) Clothing Business
Nigerians love affordable fashion, and thrift clothes are cheaper than new ones.
How to Start:
✅ Buy bales of thrift clothes from markets like Yaba or Katangowa.
✅ Sell on Instagram, WhatsApp, or Jiji.
✅ Offer home delivery for convenience.
3. POS Business (Agent Banking)
Many Nigerians don’t have easy access to banks, so POS agents are in high demand.
What You Need to Start:
✅ A POS machine (from banks or fintech companies like Opay, Moniepoint).
✅ A small shop or kiosk in a busy location.
✅ N50,000 – N100,000 as startup cash.
4. Food Business (Small Chops & Catering)
Food is a necessity, and Nigerians love good food.
Best Low-Capital Food Businesses to Start:
✅ Small chops business (puff-puff, samosa, spring rolls).
✅ Home-cooked meal delivery.
✅ Baking & cake business.
5. Data Reselling & VTU Business
Everyone needs data for the internet, and you can sell at a cheaper rate than network providers.
How to Start:
✅ Register with a VTU platform.
✅ Sell cheap data, airtime, and electricity bills.
✅ Promote your service on social media.
6. Dropshipping Business
You sell products online without keeping inventory or spending on stock.
How to Start:
✅ Partner with suppliers on Jumia, Konga, or Alibaba.
✅ List their products on your social media or website.
✅ Customers pay, and the supplier ships directly to them.
No need for warehouse storage, just market the products and earn profits!
7. Hair & Wig Business
The beauty industry is booming, and many Nigerian women love wigs.
How to Start:
✅ Buy wigs from local or international suppliers.
✅ Learn how to revamp & style wigs for extra income.
✅ Sell on Instagram, WhatsApp, and TikTok.
Swap unused beauty products for hair tools and start your business today.
8. Laundry & Dry Cleaning Business
Busy professionals prefer to pay for laundry services instead of washing clothes themselves.
How to Start:
✅ Start from home with an iron, detergent, and washing machine.
✅ Offer pick-up and delivery services for convenience.
✅ Charge per cloth or bulk washing.
Swap old household items for laundry startup equipment on Cusecho Swap!
9. Social Media Management & Content Creation
Businesses are looking for people to help manage their social media pages and grow their audience.
How to Start:
✅ Learn how to create engaging content.
✅ Offer your services to small businesses.
✅ Charge monthly fees to manage accounts.
💡 Need a better phone or laptop? Swap your old one for an upgrade on Cusecho!
10. Swapping & Reselling Used Items
Many Nigerians have valuable items they don’t use and are willing to swap or sell.
What You Can Swap & Resell:
✅ Used phones, laptops, and gadgets.
✅ Furniture, kitchen appliances, and home decor.
✅ Clothes, bags, and shoes.
💡 Join Cusecho Swap and start trading items for profit today!
Start Small, Grow Big
Starting a business doesn’t require millions. You can begin with what you have, reinvest your profits, and grow.
📢 Need quick startup capital? Swap what you don’t need for cash and launch your business today!
🔗 Join CusEcho Swap & Start Trading
Also check out
How to make money urgently in Nigeria