23 Incredible Business to Start with 100k as a Student in Nigeria?
Still confused about what business to start with 100k as a student in Nigeria?
Living costs are high and student income opportunities are limited, a side business can be transformative.
With 100,000 Naira, students can start ventures that generate income and build skills.
This article highlights practical, low-investment business ideas with growth potential tailored to the Nigerian market.
1. Home-Cooked Jollof Rice
Nigerians love good food, and many students miss the taste of homemade meals.
With 100k, you can start a small home-cooked meal delivery service.
Use the money to buy essential ingredients, packaging, and delivery materials.
You can cater to fellow students, office workers, or busy families who crave traditional Nigerian dishes but don’t have time to cook.
2. Smoothie and Juice Bar
Health consciousness is on the rise in Nigeria, and a smoothie or juice business can tap into this trend.
Invest in a quality blender, fresh fruits, and packaging materials.
Set up shop in a strategic location like a university campus or partner with local gyms.
With minimal overhead, this business can be highly profitable.
3. Thrift Clothing (Okrika) Business
The second-hand clothing business, known as “okrika,” is a thriving market in Nigeria.
With 100k, you can purchase a bale of clothes, sort them, and sell the items individually for a profit.
Start by selling to friends and classmates or set up an Instagram store to reach a wider audience.
Also if you have friends in China you can easily buy for a cheaper price and sell more expensive in Nigeria
4. Makeup and Beauty Services
If you have a flair for makeup, consider starting a small beauty service.
With 100k, you can buy basic makeup kits and tools.
Offer services like makeup for events, eyebrow shaping, and basic skincare routines.
As your client base grows, you can reinvest in better tools and products.
5. Graphic Design
The digital economy is booming with just a laptop and internet access.
You can start offering freelance services like writing, graphic design, or social media management.
Platforms like Upwork and Fiverr are great places to find clients.
Use the 100k to invest in a basic website, online courses to hone your skills or software subscriptions.
6. Mini Importation Business
With 100k, you can start a mini importation business by buying goods in bulk from platforms like Alibaba.
You will then sell them at a markup in Nigeria for a profit.
Focus on high-demand items like fashion accessories, gadgets, or beauty products.
Start small and use social media to market your products.
7. Poultry Farming
Poultry farming is a profitable venture that doesn’t require a lot of capital.
With 100k, you can buy a small batch of chicks, feed, and materials to set up a basic coop.
Poultry products like eggs and meat are always in demand, and as the business grows, you can scale up operations.
It is also good to look for a suitable location to set it up. The smell of chicken waste can be bad for your health.
8. Fish Farming
Like poultry, fish farming can be started on a small scale with 100k.
Set up a small fish pond or use barrels if space is limited.
Buy fingerlings and feed; within a few months, you can start selling mature fish.
Fish farming is relatively low-maintenance, making it ideal for students.
Fish farming supports Nigeria’s economy by providing a local source of affordable protein, reducing the need for imports.
It also creates jobs and helps ensure food security, especially now with the rising cost of food prices.
9. Laundry Services
Many students and busy professionals need help with their laundry.
With 100k, you can purchase a washing machine, detergents, and ironing equipment.
Offer affordable laundry services to your peers or residents.
The business requires minimal operational costs, and with reliable service, you can quickly build a loyal customer base.
It also requires consistency, good customer care service, and a lot of patience.
10. Mobile Phone Repairs
Nigerians are heavy users of mobile phones, and there’s always a demand for repair services.
Invest in a basic toolkit and take a short course on phone repairs.
With 100k, you can set up a small kiosk or work from home, offering repair services for common phone issues like screen replacements or battery changes.
11. Retailing Mobile Accessories
With the high usage of mobile phones, accessories like chargers, earphones, and phone cases are in constant demand.
Use 100k to purchase these items in bulk and resell them at a profit.
You can set up a small shop on campus or sell through online platforms like Jumia or Konga.
12. Perfume Oil Business
Perfume oils are a popular and affordable alternative to expensive perfumes.
With 100k, you can buy a variety of oils in bulk and bottle them in smaller quantities for resale.
Market them through word-of-mouth, social media, or by setting up a small stall at local markets or campus events.
The return on investment is huge if you have the right source of information.
13. Traditional Snacks Production
Nigerian traditional snacks like chin, puff puff, or akara are always in demand.
With 100k, you can buy ingredients in bulk and start producing these snacks from home.
Sell them in your neighborhood, at school events, or partner with local shops to reach more customers.
You can even decide to add delivery service to the mix and you will make a lot of money for yourself.
14. Event Photography
If you have a passion for photography, consider starting an event photography business.
Use the 100k to rent or purchase a decent camera and basic equipment.
Offer your services for school events, birthdays, or small weddings.
As you build your portfolio, you can increase your rates and reinvest in better equipment.
15. Networking and Mentorship
No matter which business you choose, networking is crucial.
Attend local business events, join student entrepreneur clubs, and connect with mentors who can offer guidance.
Building a strong network can open doors to new opportunities and collaborations.
16. Recharge Card
Recharge card sales are a great business for students starting with 100,000 Naira.
This venture requires minimal initial investment and can be easily managed alongside studies.
With the widespread use of mobile phones and constant demand for airtime and data, there is a steady market.
You can purchase recharge cards in bulk at discounted rates and sell them at a profit.
This business offers flexibility, allowing you to work from home or a small kiosk.
17. Pure water Business
Starting a pure water business with 100,000 Naira is a viable option for students in Nigeria.
This business involves producing and selling clean, bottled water—a necessity in many areas.
With a relatively low initial investment, you can set up a small-scale operation, focusing on purchasing quality filtration equipment and bottles.
The demand for safe drinking water is high, ensuring a steady market.
This scalable business allows for growth as you gain experience and expand your customer base.
18. Detergent
Starting a detergent business with 100,000 Naira is a practical choice for students in Nigeria.
This venture involves producing and selling cleaning products like laundry detergents and dish soap.
The initial investment covers raw materials, basic equipment, and packaging.
With a focus on quality and affordability, you can capture a share of the growing demand for household cleaning products.
Effective marketing and word-of-mouth can build your customer base.
19. Tissue Paper
A tissue paper business is a good option to start with 100k Naira as a student for several reasons.
It requires low startup costs, mainly for raw materials and basic equipment.
The demand for tissue paper is consistent across various sectors like households, offices, and healthcare.
You can operate from home, which keeps overhead costs low.
Effective marketing and distribution can help you reach local markets and expand your customer base.
20. Soft Drink
Selling soft drinks is a good business for students in Nigeria with 100,000 Naira due to its low initial investment and high demand.
You can start by purchasing stock from wholesalers and selling through local markets or small shops.
This business requires minimal setup and offers flexibility, making it manageable alongside your studies.
Soft drinks offer regular income due to high turnover.
21. Event Decorations
Event Decorations are ideal for students in Nigeria with 100,000 Naira due to their low startup costs and flexible nature.
With a modest budget, you can buy materials to design decorations for small events like birthdays, weddings, or corporate functions.
This business allows you to work around your academic schedule, making it manageable alongside studies.
Event decoration is in high demand, offering a steady stream of clients.
22. Baking
Baking cakes is an ideal business for students in Nigeria with 100,000 Naira because it requires a relatively low startup cost and offers high-profit potential.
With the initial investment, you can purchase baking equipment, ingredients, and packaging.
This business allows for flexibility in working hours, making it manageable alongside studies.
Building a reputation for delicious cakes and excellent service will attract repeat customers and referrals.
23. Upcycled Furniture
Upcycled furniture is a great business for students in Nigeria with 100,000 Naira due to its low startup costs and potential for high returns.
With the initial investment, you can acquire basic tools, paint, and materials needed to refurbish old furniture.
This business leverages creativity and sustainability, appealing to customers interested in unique, eco-friendly products.
Focusing on quality craftsmanship and effective marketing can attract buyers and build a strong reputation.
Conclusion
Starting a business as a student in Nigeria with just 100k might seem challenging, but with the right idea and determination, it’s entirely possible.
These business ideas are designed to be low-cost yet scalable, allowing you to grow your venture over time.
Remember, the key is to start small, stay focused, and be willing to adapt and learn as you go.
