Starting a business in Nigeria doesn’t always require millions of naira. With as little as ₦77,000, you can build a profitable small-scale venture if you choose wisely and manage resources effectively.
In today’s economy, creativity and consistency often matter more than capital.
Here, The New Daily Prime will show you the five practical business ideas you can start with ₦77,000 or less, and grow steadily with time.
1. Food vending and street snacks
Food remains one of the most profitable small-scale ventures in Nigeria because people eat daily, regardless of economic conditions. With ₦50,000 to ₦75,000, you can start selling popular street snacks such as puff-puff, buns, egg rolls, or akara in your neighborhood.
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To begin, you need basic cooking tools, a frying pan, a stove or charcoal pot, mixing bowls, and utensils. You’ll also need ingredients like flour, sugar, oil, and packaging materials. The good thing about this business is that you can start small from home, a street corner, or near schools and offices.
With consistent quality and hygiene, customers will return daily. As your profits increase, you can expand into a mini fast-food setup or add drinks to your sales. Social media platforms like WhatsApp or Facebook can also help you reach more customers through mouthwatering pictures and customer reviews.
2. Phone accessories and charging business
In a country where nearly everyone owns a mobile phone, selling phone accessories is a smart and steady source of income. With ₦60,000 to ₦77,000, you can purchase items such as phone chargers, USB cords, earphones, power banks, and screen protectors from wholesale markets like Computer Village in Lagos or online suppliers.
You can display your products using a small table or rent a small kiosk in a busy area. Adding a phone-charging service can attract more customers, especially in areas with frequent power outages. Charging phones for ₦100 per session can become an additional income stream. Combining this with data reselling or SIM card activation services can boost your profits even more.
3. Perfume oil and body spray business
The perfume oil business has become increasingly popular, especially among youths who want to smell good without spending too much. With ₦40,000 to ₦75,000, you can start by buying quality fragrance oils in small quantities, along with bottles, branding stickers, and packaging.
Perfume oils have a high-profit margin because you can buy in bulk and sell in small, affordable bottles. You can also brand your fragrances under your business name to attract customers who love personalized products. Marketing is easy, post on WhatsApp, Instagram, and TikTok, and offer free testers to potential buyers. With consistency, you can grow your brand and even start supplying to small boutiques or salons.
4. Thrift (Okrika) clothing sales
Selling thrift or “okrika” clothing is another profitable business that doesn’t require huge capital. Nigerians love fashionable but affordable clothing, making this a lucrative niche. With ₦50,000 to ₦77,000, you can purchase first-grade thrift clothes from markets such as Yaba, Katangua, or Aba.
Start by selecting and washing the clothes neatly, then take clear photos for online sales. Platforms like Instagram, WhatsApp, and Facebook Marketplace are perfect for promoting your items. Many sellers begin from home and later expand to pop-up stores or mini-boutiques. The key to success here is quality, presentation, and consistency.
5. Small-scale digital and service business
If you have digital skills, ₦77,000 can take you far. Services like content creation, social media management, graphic design, and video editing are in high demand among small businesses. With a smartphone or laptop and an internet connection, you can start offering services online.
Free tools like Canva for designs, CapCut for video editing, and ChatGPT for content writing make it easier to deliver professional work. You can start by managing social media pages for local businesses, designing flyers, or creating short videos. As you gain experience and clients, your earnings will grow significantly.
Conclusion
Starting small doesn’t mean thinking small. The key is to choose a business that matches your passion, skill, and location. Whether it’s food vending, fashion, or digital services, consistency and smart reinvestment can turn your ₦77,000 startup into a thriving business.
In today’s Nigeria, small capital can go a long way if you’re willing to start, learn, and grow. Every big business started as a small idea, your own success story could begin today with just ₦77,000.
