20 Business Ideas That Will Fetch You N200k Monthly in Nigeria

20 Business Ideas That Will Fetch You N200k Monthly in Nigeria

If you have a mindset of starting a business before the year runs up, then this article is for you as we will be walking you through some profitable businesses that can fetch you up to N200,000 monthly.

Before we continue, some of this business we will be introducing to you in this article will require some capital to start up, click HERE to check out some Federal Government Loans or HERE for Grants that can help you fund your business.

There are a number of startup business ideas in Nigeria that are quite lucrative that you can start immediately and make a huge profit.

You may also want to read Top 6 Online Loan Apps To Get Instant Loan In Nigeria

below are 20 businesses that will fetch you N200k monthly

20 Business Ideas That Will Fetch You N200k Monthly in Nigeria

1. Cake production

The biscuit industry has grown a lot and many players are involved. After all, it’s still a lucrative business idea for new startups. With good control, creativity, branding, and a distribution network, you can build a cake-making empire.

2. Potato flour production shops

The discovery of new recipes continues the health benefits of non-wheat flour. Potato flour is used to thicken sauces and soups. Increasing demand is a greater opportunity for business.

3. Solar energy industry

Today, people and businesses across Africa are starting to use solar energy while neglecting the public grid. While solar panels are more than the capacity of many people, it is only a matter of time before the sun becomes the norm in all businesses and homes.

4. Ketchup Store

Ketchup is rich in healthy nutrients and can also be used as a preservative. The ketchup market is endless, so you can make a lucrative interest in the production, packaging, and distribution of ketchup in the right market.

5. Boutique Store

This lucrative business idea is a key component of the fashion industry, costing more than $ 1.4 trillion. Whether you are interested in clothing, shoes, or other fashion accessories, a boutique is a great business opportunity for everyone.

6. Web design company

The world in Africa has gone digital so fast. Bloggers, webmasters, and businesses now need web design services to build websites that respond to their business activities.

7. Electronic waste warehouse

Starting an e-waste collection business is a step in the right direction to maximize available resources. It requires little capital and can turn into a big business if you have the right recycling network in place.

8. Shea oil production activities

Homemade shea butter is one of Africa’s untapped resources. It has many health benefits that increase its value in the food and health manufacturing industries.

9. Mandarin farms

Another lucrative agricultural business idea worth mentioning is mandarin cultivation. Growing mandarins create business opportunities in the health and beverage industry. With such a large market, the mandarin farmer will never be in demand for you.

10. Shops and wind power

Wind farms, large companies, etc. These are just a few of the areas that always need wind power services. With the development of the wind power market in this part of the world, the wind power industry is expected to grow.

11. Cooking And Delivery Business

Cooking and delivery is the best business to start in Nigeria. Everybody likes food but not everybody can cook tasty food.

Moreover, nowadays people find it difficult to cook because of their busy schedules. Some families eat processed food which is not good for their health.

You may also want to read 10 Businesses You Can Start With 50k in Nigeria

12. Brewery

Nigerians are lovers of the “good life”. Breweries are a frequent resort for people after a hard day’s work. You can set up a mini brewery with up to 150,000 and develop it over time.

13. Paper Recycling Shop

Spreading paper waste makes paper recycling a very profitable business for everyone involved. If you don’t have a business budget, start recycling from offices, schools, and so on. Submit it in advance to recycling companies.

14. Potato flour production shops

The discovery of new recipes continues the health benefits of non-wheat flour. Potato flour is used to thicken sauces and soups. Increasing demand is a greater opportunity for business.

15. Warehouses for the production of orange juice

World orange juice production is expected to reach $ 29 billion by 2021, with Nigeria supplying more than 900 tonnes. Launching an orange juice store puts you on the radar of juice stores with great prospects.

16. Sales of Mobile Phone Accessories

Mobile phone accessory sales are a very profitable business in Nigeria today.

According to statistics, the number of mobile phone users in Nigeria is expected to exceed 160 million by 2025. There is a good chance that mobile phone owners will require one or two phone accessories from time to time.

Selling mobile phone accessories as a business in Nigeria cannot be a bad idea. Among the most popular accessories are batteries, AirPods, battery chargers, memory cards, earpieces, pouches, screen guards, and so on.

You can purchase your supplies from vendors at Computer Village (Lagos) or from online stores.

17. Egg Supply and Distribution

It’s not a bad idea to supply and distribute eggs; you could also own a poultry farm to make things easier for yourself. You could sell the eggs to hotels and retailers.

The egg is a good source of animal protein and is consumed on a daily basis.

Aside from that, eggs are used in the production of soaps, confectioneries, cosmetics, hair conditioners, shampoo, glue, and face masks, among other things.

Supplying and distributing eggs is a very profitable business to start in Nigeria. As you expand your customer base, your business will grow and you will profit more.

18. Ice Block Production and Sale

Ice block production is the first thing that comes to mind when thinking about startup business ideas for men and women in Nigeria.

Perhaps Nigeria’s tropical climate, with its abundance of sunlight and heat, influences such thoughts.

Furthermore, it is a profitable business idea that can be started with very little capital and can fetch you up to 200k monthly. You only need a good freezer, electricity, and water (which will become ice blocks after freezing). Have you noticed how simple this is?

There may be no electricity in some parts of town, and people will look for ways to preserve food, particularly soup, and also cold their drinks.

19. Car Wash Business

The demand for car washes will always be high, and anyone, regardless of age or experience, can start their own business in Nigeria.

The car wash industry is very profitable because most car owners do not have the time to wash their cars themselves. Some of them may not have gatemen on hand to assist them.

As a result, given their hectic schedule, the next best option is to visit a car wash.

The space that can be rented, the source of water supply, and the washing machine to be used are the requirements for starting a car wash business.

20. Uberpreneur (Driver for Uber)

Uber is well-known in cities such as Lagos and a few other parts of Nigeria.

The vast majority of people choose to become Uber drivers because of the freedom it provides. It is also one of the most profitable business ideas in Lagos and a few other parts of Nigeria.

If you own a car, you have everything you need to get started. All you have to do is join the uberpreneur community and start making money by earning your own commission on each ride.

This is an opportunity to manage your time and work around your schedule. Some Uber drivers work full-time, while others work only at night or during the day. Every week, the average Uber driver earns between 80,000 and 120,000 Naira.

20 Business Ideas That Will Fetch You N200k Monthly