Lucrative Business Ideas In Nigeria - Techcrest

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In Nigeria, the unemployment rate seems to be heading for the skies recently, despite several lucrative business in Nigeria which can be started with a minimum capital. In as much as it is tempting to blame this on the Nigerian youth laziness ( reminds me of Buhari's “Lazy Youth Saga”...lol) i will love to blame this on the lack of lucrative business ideas in Nigeria. I have had conversations with most youths in search for jobs (mostly students) and have showed them a list of lucrative business ideas in Nigeria and they wear a surprise look on their faces.

Today, in this post / article I want to give a list of lucrative business ideas in Nigeria. Some of these lucrative businesses require a capital for startup (i believe any serious person who wants to make money should be ready to spend money). These businesses about to be presented can also be a side hustle added to your main hustle, no knowledge is a waste.

Here Are Lucrative Business Ideas In Nigeria


Must Read : List Of Online Business In Nigeria You Can Venture Into

1.) Bulk SMS :
Bulk SMS is a very lucrative business in Nigeria that most people don't see it. I won't be surprised if you have never heard of it before. What is Bulk SMS?, according to Wikipedia, Bulk SMS (also known as Bulk Messaging) is the dissemination of large numbers of SMS messages for delivery to mobile phone terminals. It is used by media companies, enterprises, banks (for marketing and fraud control) and consumer brands for a variety of purposes including entertainment, enterprise and mobile marketing. I will advice you to make more research on Bulk messaging if you want to venture into it.

2.) Data Plans Sales :
Since i decided to share only lucrative business ideas in Nigeria you can add to your side hustle, sales of data plan found its way to my list. Sales of data plan is a nice income generating business to do. This business is good mostly for students as they can sell data plans to fellow students and lecturers easily (still good for everyone though). As a data reseller what you do is supply data to those who are in need and make your cool cash daily.

3.) Mini Importation / Exportation :
Before you venture into this business, you must have taken importing courses. You can take importation courses from Kennedy Prosper founder of PayPalnigeria.com or Chinonso Anyaehie founder, Branded.ng (these are some Nigerians into mini importation i know). Lets go on. Mini importation is one of the most lucrative business in Nigeria (you can even grow to the extent of expanding your importation business).
As a mini importer you ship in cheap and fancy items from China and sell them at prices that will make you a reasonable profit. Using websites like AliExpress.com, you can buy certain products with free shipping from China to Nigeria and resell them at a higher price than you bought it and make reasonable profit.

4.) Graphic Designing :
Graphic designing is one of the most lucrative business you can do as a side hustle in Nigeria. You don't need to bother about having a computer before you venture into graphic designing, i can teach you to design logos, flyers and banners professionally with your Android device. As a graphic designer you can offer small services like banner designers and making flyers for small organizations within your reach.
Every new business / startup coming up will always need a logo and will also need flyers and banners to create awareness, this is one of the reason why graphic design is a very lucrative business in Nigeria.

5.) Become A Tutor :
For you to organize tutorials, you must know. This lucrative business idea is for those who possess knowledge of highly demanded skills, these skills aren't only digital related skills. You can look for partners and a very good location to start or simply make use of WhatsApp groups and Facebook groups. Why i love this lucrative business is that you rarely need a capital for startup, you only need brains.

6.) Become A Trader :
Becoming a trader is one of the steps to getting financial breakthrough. Before you take the step to become a trader, you study your area / places within your reach and hunt for products needed there. Additionally, learn about such products before selling.

7.) Freelance Writing :
This lucrative business idea is for writers. Before you venture into freelance writing you must know how to write a good article within a short period of time. There are websites to sign up as a freelancer and offer services.
As a newbie, you need to have patience and with time you get paid huge sums for well written articles.

8.) Photography :
I was surprised when the studio in my area started charging ₦1,500 for a single shot (girls still rush in), this studio charged ₦500 before. This alone explains how photography is a very good business. Before you venture into photography, you need to have a knowledge on how to use editing softwares like Photoshop.

9.) Laundry/Dry Cleaning Services :
Don't think you are to big for this. One of my mentors will always tell me; “Isaac, if you are too big to handle small things then you are too small to handle big things.” Dry cleaning business is a very profitable business in Nigeria. You can venture into dry cleaning business and make a lot of $$ all you need is packaging winks.

10.) Delivery business :
Imagine helping people delivering goods and making money from it?. Though delivery business won't strive in most areas but i know two areas this business will strive, Lagos and Abuja. The populace in those two areas are mostly busy and won't have time to do deliver some gifts or products.

I hope you have gotten from the list of lucrative business ideas in Nigeria i shared today. I shared mostly lucrative businesses you can add as a side hustle to your main hustle.

if you have any comments / questions on lucrative business ideas in Nigeria you can leave a comment.

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Isaac Somto

[name=Isaac Somto] [img=https://4.bp.blogspot.com/-D4hIAMHfQSU/W9muurbyK1I/AAAAAAAADwI/hu99x4jcrgQyo2nzbev8OO2cbSccHEylgCLcBGAs/s320/20181031_142957.jpg] [description=Freelance Writer. Explorer. Egalitarian. Historian. Philosopher. Hardcore thinker. Graphic designer. Devoted social media fan. A bit of a front end developer. Wannabe reader.] (facebook=https://www.fb.com/somtoisaac1) (twitter=https://www.twitter.com/isaac_somto) (instagram=https://www.instagram.com/isaac_somto)