Top 40 Cheapest Business To Start In Nigeria

Welcome to Businessanthem. This page presents Cheapest Business to Start In Nigeria with careful examination, and research, to understand and uncover business opportunities.

Nigeria is a rapidly growing economy with a large population dominated by youth. It is a unique place to invest and there is a lot of opportunity to make excellent success. If you have good Business Ideas in Nigeria with a strategy plan.

Exploring different cheap businesses, you can start with low capital but have a higher potential to generate high profits. If you intend to start a full-time business, or you are a student or a working class and want to earn some extra income. There are good business ideas in Nigeria that will be a great option.

Remain can, as will present outstanding and cheapest business to start in Nigeria and Africa, that will help you to Achieve Financial Freedom in the nearest time.

Cheapest Businesses To Start In Nigeria

Excelling in business does not mean starting big or investing significant capital from the beginning money is vital in business, but other key factors determine your success as an entrepreneur.

Investing in the right trade, Identifying good opportunities, Skills, Knowledge, Technics, Determination, Focus, Hardworking, Vision, and Good Management are the top factors that will make you successful as an entrepreneur. And so, starting up a good business with low capital should not be an issue.

There are many factors to consider when determining the cheapest business to start, such as initial investment, overhead costs, and potential profitability. However, some best business options for a low-cost service-based business, such as a local restaurant or home cleaning, or starting a blog or YouTube channel and monetizing it through advertising, sponsorships, or AdSense. The cheapest business ideas in Nigeria will depend on unique circumstances such as choice, location, and budget.

You can select from the cheapest business that suits your style and need from this list of the top 40 cheapest businesses.

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Top 40 Cheapest Businesses To Start In Nigeria

Selling of Meats Business
Okpa Business
Rearing of Goats business
Firewood/Charcoal business
Fruit Business
Local Restaurant Business
Cool Pures Water and Drinks Business
Provision Store Business
Betting/Lottery Business
Recharge Card Business
Daycare center Business
Poultry Farming business
Mobile Phone Repairs & Parts Sales Business
Catering Services Business
Books and Writing Material Business
Barbing/Hairdressing Salon Business
Car Wash Business
Operating Grinding Engine Business
Photographic Business
Engine Oil Business
Tailoring Business
Photocopying & Printing Business
Blogging Business
Driving Business
Ghost Writing Business
Chairs Rental Business
House Agents Business
Cement Business
Perishable Business
Cleaning Services Business
Scrap Metal business
Honey Business
Affiliate Marketing Business
Makeup Artist Business
Ice block Production Business
Raw Food Stuff Business
House Painting Business
Auto Mobile Workshop Business
Disc Jockey Business
Snail Rearing

1. Selling of Meats Business

This involves selling slaughtered cows, Goats, and pig meats in scale (Killo grams) or pieces to restaurants and households for consumption. It also involves fresh fish, dry fish, and bush meats.

Meat selling is the perfect and cheapest business to start in Nigeria.

The essential requirements needed to set up a meat business are;

Business Plan
Little Capital
Shop
Scale
Skills in Measurement
Meat selling equipment
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

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2. Okpa Business

Okpa business is an excellent and Cheapest business to start in Nigeria.

It is a delicious Nigerian meal. It is prepared with Bambara nuts, Maize, or Beans. The best way to prepare a delicious okpa with a natural flavor is by using natural ingredients such as Palm oil, Salt, Habanero pepper, and Ginger. Other names for okpa are, Akpokpa, Igba, and Ntucha.

Mostly, it is packaged in

Banana/Plantain leaves,
Tough transparent plastic
Nylon bag that can withstand high heat
Aluminum foil bags
Bowls

The essential requirements needed to start up the okpa business.

Business Plan
Little Capital
Skills in preparing okpa
Labor
Cooking Equipment
Neatness
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

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3. Rearing of Goat Business

This is the process of investing in livestock. Goat rearing is the raising of goats for human consumption.

This business is best practice in rural areas because of access to grasses with no cost or low cost for goat feeding.

It is another perfect and cheapest business to start in Nigeria.

Goat meat is in high demand nationwide. You can start up this business with one male and a female goat.

Goats are very easy to maintain but very lucrative.

The essential requirements needed to start up the goat farming business.

Business Plan
Little Capital
Shelter
Nutrition
Animals Health
Labor
Official Contact/Phone Number
Business Bank Account
Good Management

4. Firewood & Charcoal Business

Firewood/Charcoal is one of the oldest ways of heat for cooking. Many prefer to use firewood and charcoal for cooking because it is more economical.

This business is very lucrative and the cheapest business to start in Nigeria.

The essential requirements to start a Firewood & charcoal business.

Business Plan
Little Capital
Labor
Official Contact/Phone Number
Good Location
Good Management

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5. Selling of Fruits

Fruits are very nutritious and provide vitamins that help in protecting our bodies from diseases. Many people in Nigeria enjoy them because of their healthy vitality and unique taste.

Starting a fruit business is a good idea. It is another perfect and cheapest business to start in Nigeria.

The essential requirements needed to start up the fruits business.

Business Plan
Little Capital
Good Supplier
Shop
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

6. Local Restaurants

The Local restaurant business, popularly known as (Mama Put) is another cheapest business to start in Nigeria.

The number of low-class citizens in Nigeria is high, and many people leave their houses to work, and the easy way to feed themselves is to patronize restaurants.

Local restaurants enjoy high patronage because they sell food at affordable prices. Some of the food sales in the local restaurants are; Akpu, Egba, Semovita, Amala, Pound Yam, Eguise Soup, Vegetable Soup, White Soup, Ewoju Soup, Rice, Beans, Meats, and many other local dishes.

The essential requirements needed to start up a local restaurant business.

Business Plan
Little Capital
Good cooking skills in Local dishes
Neatness
Shop
Cooking and eating tools
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

7. Selling of Drinks

Selling drinks is another perfect and cheapest business to start in Nigeria.

Water and drinks are highly patronized in Nigeria.

According to research, everybody needs at least 4 liters of water daily. Drinking water is good because it helps to regulate our body temperature, aids digestion, and removes toxins. Also, people refresh themselves with soft and alcoholic drinks. Therefore selling cool water and drinks is a good idea and one of the best businesses to start in Nigeria with little capital.

The essential requirements needed to start up the cool water and drinks business.

Business Plan
Little Capital
Refrigerator/Cooler
Shop
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

8. Provision Store

This is another good and cheapest business to start in Nigeria.

Provision stores are dairy businesses that serve people their commonly daily needed products, such as soap body creams, biscuits, Bread, Sweets, detergents, and so on.

It is a good business that can be started with little capital.

The essential requirements needed to start up a provision business.

Business Plan
Little Capital
Shop
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

Also, See: Frozen Foods Business in Nigeria: Best Steps To Start and Run Successfully

9. Betting/Lottery

This is another juicy and cheapest business to start in Nigeria.

Many people in Nigeria like betting, sports lovers, and the youth. Venturing into the betting/lottery business is a perfect Idea to earn you well.

The essential requirements needed to start up a betting/lottery business.

Business Plan
Little Capital
Shop
Labor
Good Location
Computers
Electrical Appliances
Official Contact/Phone Number
Good Location
Good Management.

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10. Day Care Business

Daycare is another promising and cheapest business to start in Nigeria.

Starting up a place to teach and take good care of little children is a very lucrative business.

The objectives of this business are to care for and impact knowledge to the little kids.

The essential requirements to start up a daycare business.

Business Plan
Little Capital
Registration with the relevant authorities
Good Shelter
Knowledge
Good Attitude toward children
Official Contact/Phone Number
Business Bank Account
Good location
Good Management

11. Poultry Farming

This is another Finest and Cheapest Business To Start In Nigeria

Poultry is one of the most eaten food in Nigeria.

According to the Food and Agricultural Organization (FAO), the demand for poultry meats is fast increasing now that many people are interested in weight reduction. Food and agriculture organization

The essential requirement needed to start up a poultry farming business.

Business Plan
Little Capital
Shelter/Cage
Animals Nutritions
Animals Health
Labor
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

12. Selling Of phone accessories/ Repairing Of phones

This is another Steady and cheapest Business To Start In Nigeria

Mobile phone repairs or selling of phones and accessories is profitable and one of the cheapest businesses to start in Nigeria.

The demand for phone repairs and its parts is very high. Starting up this business will be an excellent Idea.

The essential requirements needed to start up a mobile phone repairs/mobile phone parts sales business.

Business Plan
Little Capital
Tools
Skills
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

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13. Catering Services

This is one of the most creative and cheapest businesses to start in Nigeria.

Catering is very lucrative and practiced by women. Catering provides food services indoors and outdoors for festivals, Parks, and Hotels.

The essential requirements needed to start up the catering business.

Business Plan
A license from the government as well as a food handling license
Little Capital
Shop
Labor
Neatness
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

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14. Writing Material And books

This is another unique profitable cheapest business to start in Nigeria.

Writing materials are highly in demand within Schools, Offices, and so on. Venturing into this business will always earn you a good income.

The essential requirements needed in writing material and books business.

Business Plan
Little Capital
Shop
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

15. Barbing/ Hairdressing Salon

In Nigeria, many people like looking good. Barbing and hairdressing salons will never run out of customers because people will always visit to take good care of their hair.

Venturing into it is a good idea and another perfect and cheapest business to start in Nigeria.

The essential requirements to start up a barbing/hairdressing business.

Business Plan
Little Capital
Shop
Barbing/Hairdressing Equipment
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

16. Car wash Business

Carwash is a fantastic cheapest business to start in Nigeria.

Many people enjoy taking their cars to the carwash because of the special treatment they get.

It is a very profitable and cheapest business to start in Nigeria.

The essential requirements needed to start up a carwash business.

Business Plan
Little Capital
Good Space within towns and cities
Car wash tools
Official Contact/Phone Number
Business Bank Account
Labor
Good Management

17. Operating Grinding Engines

The Standard Cheapest Business To Start In Nigeria

Operating grinding engines is one of the cheapest businesses to start in Nigeria.

Most of the food we eat is ground before being cooked, fried, or processed, such as Amala, Okpa, Akamu, Burukutu Etc. This business is highly patronized by restaurants and housewives.

The requirements are essentially needed to start up an operating grinding business.

Business Plan
Little Capital
Grinding Engine
Shop
Labor
Official Contact/Phone Number
Good Location
Good Management

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18. Photography

The Best Cheapest Business To Start In Nigeria

Photography is one of the perfect and cheapest businesses to start in Nigeria.

General people like to see images of themselves, their environments, and animals. Besides, passport photographs are needed on many official bases. Snipping good photos will earn you well.

It is highly Patronized, especially during festivals and parties Celebration.

The essential requirement needed to start up a photography business.

Business Plan
Little Capital
Camera
Printing Machine
Shop
Official Contact/Phone Number
Business Bank Number
Good Location
Good management

19. Selling Of Engine Oil

The Good And Cheapest Business To Start In Nigeria

Engine oil is one of the cheapest businesses to start in Nigeria. Automobiles,

Heavy-duty engines, Cranes, generators, and different machines and equipment need Engine oil to operate effectively. Venturing into this business is a good idea.

The essential requirements needed to operate an engine oil business.

Business Plan
Little Capital
Good Sources of Supplies
Gallons
Measurements equipment
Shop
Official Contact/Phone Number
Good Location
Good Management

20. Tailoring

The Skillful Cheapest Business To Start In Nigeria

The tailoring business is an excellent and Cheapest Business to start in Nigeria.

Nigerians have numerous cultural and Native dresses. And many of them like wearing Native and cultural dresses sewn by tailors.

Venturing into this business is a good idea because it is highly demanding. It needs good skills to be successful.

The essential requirements needed to start up a tailoring business.

Business Plan
Tailoring Skills
Little Capital
Sewing Machines
Tailoring Equipment
Shop
Time
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

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22. Photocopying & Printing

The Current Cheapest Business Start In Nigeria

Printing and photocopying are in high demand because most organizations are online. And so, printing and photocopying of Identity cards, licenses, Employment letters, School materials, Projects, and other official documents are increasing.

Venturing into this business is a good idea. It is one of the cheapest businesses to start in Nigeria.

The essential requirements needed to start up a photocopying and printing business.

Business Plan
Little Capital
Skills
Shop
Printing, Photocopying, and Laminating Machines
Electrical Appliances
Peppers
Time
Official Contact
Business Bank Account
Good Location
Good Management

23. Blogging

The Masterful Cheapest Business To Start In Nigeria

Blogging is one of the cheapest businesses to start in Nigeria. It is creating content online is a skillful and intellectual business. It is lucrative. Venturing into this business is a Good Idea.

The essential requirements needed to start up a blogging business.

Business Plan
Little Capital
Internet Gadgets and connection
Internet Skills
Intellectual Ability/Internet Skills
Time
Labor
Official Contact/Phone Number
Business Bank Account
Good Management

24. Driving Businesses

The Best Cheapest Business To Start In Nigeria

Many organizations and individuals need the services of Good drivers.

Driving requires acquiring skills in a reputed driving school that will certify and license you as a qualified driver. It can be driving Cars, Trucks, Trailers, Cranes, Tractors, Payloaders, and Tricycles. It depends on the choice that suits your mind.

Driving is one of the perfect and cheapest businesses to start in Nigeria.

The essential requirements needed to start up a driving business.

Little Capital
Driving Skills
Registrations/License & Certificate
Labor
Time
Official Contact/Phone Number
Bank Account
Good Location

25. Ghostwriting

The Adapted And Cheapest Business To Start In Nigeria

Ghostwriting is earning through writing articles on other People’s blogs without recognizing you as the writer. It is a skillful and Intellectual business. It is one of the cheapest businesses to start in Nigeria.

The essential requirements to start up ghostwriting.

Business Plan
Intellectual Skills
Internet Skills
Internet Gadgets
Internet Connection
Time
Official Contact/Phone Number
Business Bank Account
Good Content

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26. Plastic Chairs Rental

The Lucrative And Cheapest Business To Start In Nigeria

The Plastic Chairs Rental Business is a lucrative business to start in Nigeria. Chairs rented are needed regularly by Individuals, Associations, and organizations for Meetings, Festivals, and Parties.

Chairs rental is a fantastic idea if you need the cheapest businesses to earn profits in Nigeria.

The essential requirements need to start up a plastic chair rental business.

Business Plan
Plastics Chairs
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

27. House Agent

The Rising Cheapest Business In Nigeria

The House agent is one of the Cheapest businesses to start in Nigeria. A house agent is a link between landlords and tenants.

Many people want to rent a house but don’t know how to locate a vacant one of their choice. Also, landlords can not effortlessly get tenants. House agents have the addresses of empty houses. And links tenants and landlords and gets earns on the agreed amount.

The essential requirements needed to start up a house agent business.

Business Plan
Little Capital
Shop/Office
Advertisements
Labor
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

28. Selling Of Cement Business

Is A Wonderful And Cheapest Business To Start In Nigeria

The cement business is another good and cheapest business to start in Nigeria. It is essential for the building of Houses, Roads, and Bridges.

Cement is highly demanding. Venturing into it is an excellent idea to earn you a good income with little capital.

The essential requirements needed to start up a cement business.

Business Plan
Little Capital
Shop
Good Sources of Supplies
Labor
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

29. Perishable Goods

The Immaculate And Cheapest Business to Start In Nigeria

Perishable goods are another lucrative and cheapest business to start in Nigeria. It is a very profitable and risky business.

Most of those perishable goods hardly stay up a week, such as vegetables, Mangos, Oranges, Bananas, Carrots, Apples, Cucumbers, watermelons, Peaneaples, and Pears, so dealing in these needs quick sales.

The essential requirements needed to start up a perishable goods business.

Business Plan
Little Capital
Good Source of Supplies
Shop
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

30. Cleaning Services

The Worthwhile And Cheapest Business To Start In Nigeria

Cleaning service businesses involved, Carpet/Rug Cleaning, Laundering Services, Commercial Office Cleaning, Residential Cleaning, and Carwash business.

You choose from the above listed and focus. Starting a cleaning service business is a perfect way to build a profitable business. Many Houses, Churches, and organizations outsource their cleaning services.

It is lucrative and one of the cheapest businesses to start in Nigeria.

The essential requirements needed to start a cleaning services business.

Business Plan
Little Capital
Office/Shop
Cleaning Services Equipment
Labor
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

31. Scrap Metal

The Outstanding And Cheapest Business To Start In Nigeria

The scrap metal business involved buying and selling disused metals, metal scrap, vehicle parts aluminum, condemned electric iron, refrigerators, generators, and so on.

Many buyers across Nigerian cities, towns, and villages buy condemned items. Scrap metal can be resold to other buyers, welders, and recycling companies.

There is an increase or boasting in the scrap metal business due to the upsurge in the energy transition or electric vehicles.

The scrap metals business is one of the most lucrative and cheapest businesses to start in Nigeria.

The essential requirements needed to start up a scrap metal business.

Business Plan
Little Capital
be able to Identify and sort different metal
Skills to disassemble objects from scraps
keep track of metal prices
Shop/Place to keep scraps
where to get scraps
Keep records of all business expenditure
Labor
Gears
Where to sell
Official Contact/Phone Number
Business Bank Account
Good management

32. Affiliate Marketing

The Present Cheapest Business Start In Nigeria

It Is an online business that aims to navigate customers to organizations’ products online to make some purchases. The organization limits some percentage to the affiliates.

Affiliate is one of the most lucrative daily income businesses in Nigeria.

The essential requirements needed in affiliate marketing are;

Business Plan
Little Capital
Internet Skills
Internet Gadgets
Internet Connection
Patient and Concentration
Good Management
Business Bank Account

33. Selling Of Honey Business

The Immaculate And Cheapest Business To Start In Nigeria

Honey is one of the most lucrative businesses to start in Nigeria.

Many people enjoy it because of its unique taste and health benefits. Honey is a used substitute for sugar and is highly demanded by diabetes patients, hospitals, and some food companies.

One of the biggest challenges in the honey business is getting the original honey that is not adulterated.

The essential requirements needed in the honey business.

Business Plan
Little Capital
Good Source of Supplies
Shop
Measurement Tools
Advertisements
Official Contact/Phone Number
Good Location
Good Management

34. Makeup Artist

The Most Exciting Cheapest Business To Start In Nigeria

Becoming a makeup artist is fun and exciting but requires a professional makeup artist.

To become a makeup artist, you must understand that makeup differs in different places. And so, you need to enquire about the particular demand in your location.

So that you can start working in your ideal dream occupation.

The essential requirements needed to become a makeup artist.

Business Plan
Little Capital
Makeup Skills
Makeup Tools
The sense of color mixing
Visualization
The ability to understand the Client’s taste
Patient and Concentration
Creativity
Attention
Skin Care
Skin allergies
Able to Experiments
Official Contact/Phone Number
Business Bank Account
Good Management
Good Location

35. Ice Block Production

A Lucrative And Cheapest Business to Start In Nigeria

Ice Block is one of the unique businesses to start in Nigeria. Because more, Nigeria’s weather is harsh, and there is the challenge of power failure.

Most businesses that deal in drinks need cool drinks for their customers. Venturing into an ice block production will earn you.

The essential requirements to start up an ice block production.

Business Plan
Little Capital
Ice Block Machine
Standby Generator
ice block Equipment
Skills
Shop
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

36. Foodstuff

The Unique And Cheapest Business To Start In Nigeria

Foodstuff is one of the businesses that experience higher daily patronage in Nigeria from restaurants, housewives and students buy foodstuff daily.

We all need food to survive, so venturing into the Foodstuff business is a good idea that will earn you well with little capital.

The essential requirements needed to start a Foodstuff Business.

Business Plan
Little Capital
Good Source of supplies
Shop
Business Bank Account
Official Contact/Phone Number
Good Location
Good Management

37. House Painting

Another Skillful And Cheapest Business To Start In Nigeria

house painting is a very lucrative business in Nigeria.

To become a professional painter, you need to acquire training to be skillful in painting which may take about three months.

A house’s beauty cannot be complete without painting. Therefore painting is one of the essential parts of the building.

The requirements needed to start up the house painting.

Business Plan
Skills Acquisition
Little Capital
Painting Equipment
Registration of Business
Business Bank Account
Official Contact/Phone numbers
Shop/Office
Good Location
Good Management

38. Automobile Workshop

The automobile workshop is one of the most skillful and cheapest businesses to start in Nigeria

Before you become a professional automobile repairer, you need to acquire skills. It can be in school or a skills acquisition center.

But the best place to learn automobile repair in Nigeria is learning practically in an automobile workshop with an Expert for some time. Being equipped with the necessary skills, you can start up your workshop. Starting an automobile workshop is one of the best ideas to earn you well in Nigeria.

The essential requirement needed to start up an automobile workshop

Business Plan
Skills Acquisition
Little Capital
Automobile Repairing Tools
Workshop
Business Registration
Official contact/Phone Number
Business Bank Account
Good Location
Good Management

39. Disc Jockey (DJ)

A disc jockey is fun And Cheapest Businesses To Start In Nigeria

Entertainment has become one of the most lucrative ways to earn a living in Nigeria concerts, birthday parties, wedding ceremony festivals, and some business advertisements need the service of a Disc Jockey.

Disc Jockey is a person who plays music records for the audience.

Venturing into the DJ business will be fun and profitable making. It is one of the best businesses to start with little capital.

The essential requirements needed to start a DJ business.

Business Plan
Little Capital
Skill
Disc Jockey Equipment
Official Contact/Phone Number
Business Bank Account
Office/Shop
Good Location
Good Management

40. Snail Rearing

Snail is one of the most profitable and cheapest businesses to start in Nigeria.

Achatina fulica, the achachatina, and achachatina Marginata are three snail Farming businesses in Nigeria.

Snail farming business can be started with little capital.

The essential requirements needed to start up a snail-farming business.

Business Plan
Little Capital
Snail Species
Snail Farming Equipment
Land
Nutrition
Snails Health
Official Contact/Phone Number
Business Bank Account
Good Location
Good Management

Conclusion

Starting a business in Nigeria can be viable for entrepreneurs looking to tap into the country’s growing economy. The best and cheapest businesses to start in Nigeria include agricultural ventures, such as small-scale farming or trading in products. Other low-cost business ideas are, providing services, such as daycare or running a small hair salon.

Starting a small retail business, such as a provision store or local restaurant, can also be a cost-effective way to enter the Nigerian market.

Source; Businessanthem.com