Starting a business in Nigeria with less than N100,000 (approximately $250) requires creativity and resourcefulness. Here are 20 business ideas that can thrive in 2024:
1. Phone Accessories Sales
2. Food Business (e.g., snacks, drinks, or small-scale catering)
3. Event Planning (e.g., weddings, birthdays, or small events)
4. Fashion Design (e.g., tailoring, alterations, or custom clothing)
5. Hair and Beauty Services (e.g., braiding, makeup, or nail care)
6. Photography
7. Digital Marketing (e.g., social media management or content creation)
8. Tutoring or Online Lessons
9. Freelance Writing or Editing
10. Graphic Design
11. Web Development
12. Small-Scale Farming (e.g., vegetables, herbs, or poultry)
13. Sales of Second-Hand Items (e.g., clothes, electronics, or furniture)
14. Delivery or Errand Services
15. Home Cleaning and Organization
16. Event Decorations
17. Catering Services
18. Sales of Beverages (e.g., juice, water, or soft drinks)
19. Baking or Pastry Business
20. Sales of Stationery or Office Supplies
Remember, these ideas require dedication, hard work, and a willingness to learn and adapt to succeed. Additionally, conduct thorough market research and create a solid business plan to ensure the success of your venture.
Keep in mind that some of these ideas may require additional training, certifications, or licenses, so be sure to research those requirements as well. Good luck with your entrepreneurial journey!