There are hundreds of lucrative online or offline business ideas a student can do in Nigeria. You can become wealthy if you have a profitable business idea for services or products that many people require and are ready to pay for.
Doing business in Nigeria can be a rewarding experience. But it’s not that easy. When dealing with as many unknowns as there are in Nigeria, determining what type of business will make you the most money or last for decades for future generations to enjoy can take time. This is why I have taken my time to put together this list of unique business ideas for students in Nigeria. Let’s get to it!
Why Should You Start a Business as a Student in Nigeria?
The following are some of the reasons why you might consider taking a side job as a student:
- You will no longer rely on your parents for everything, reducing the pressure on your sponsor.
- You will be financially secure, which means you will always have enough money to cover your school expenses.
- You can continue the business even after you graduate from school, which means you will become a working-class person right away.
- You will not have time to waste on frivolous activities; instead, whenever you are not in class, you will be thinking about your business.
Lucrative Business Ideas for Students in Nigeria
Are you prepared? These are the most lucrative and profitable business ideas you may pursue as a student in Nigeria.
#1. Blogging
Blogging is a low-cost activity and hobby that may be turned into a lucrative source of money for any student. Making a blog needs little to no effort. Popular blog systems such as WordPress, Blogspot, and others allow you to own and manage a blog for a low cost in Nigeria, Africa, or anywhere in the world.
All you have to do is choose a topic of interest and publish excellent and entertaining content on a regular basis. You’ll gain a significant readership over time, which will result in earnings depending on how you monetize the traffic you receive.
#2. Network Marketing Business
Network marketing, often known as multi-level marketing, is a person-to-person marketing business model in which a downline of marketers sell for a company and receive commissions for each sale made directly and every sale made through the leads they create.
Unlike traditional marketing, network marketing does not necessitate marketers carrying goods in search of buyers. Selling and buying are now incredibly simple thanks to social media networks.
#3. Photography Business
Another easy way to earn money is through photography. It’s a craft, pastime, and business that you may do at your leisure. There are numerous options for students to profit from photography, including selling their photographs on digital platforms, covering events on weekends, and reproducing creative images as wallpapers for sale.
#4. Sales of Past Questions
This is one of the best student business ideas in Nigeria. Without a doubt, past questions are critical for today’s pupils to pass university. They need past questions to learn what they may expect from their tests on average.
They also require old questions to understand how course questions are set. As a business person, you should come here. You can collect previous course questions, photocopy them, and staple them together to sell to students.
As a student, one of the business ideas you should consider or start is past-question sales. This successful business is on a tiny scale, but it is a brilliant business concept in Nigeria since students will do everything and pay any amount to pass their university examinations.
#5. Sales of Past Project Materials
This is yet another business concept for students in Nigeria who wish to build a profitable business. This is due to the strong demand for project materials on campus, particularly among students in their last year.
Because students don’t want to put too much pressure on themselves when writing their final-year assignments, this business is in high demand on campus. They want previous project subjects and materials to make things easier for them. This is why this is a profitable business concept in Nigeria.
#6. Wrist Watch Business
When I was in school, I was in the wristwatch business and I must say, I made a lot of money from it. In fact, I utilized some of the funds to help pay for my studies. If you have the funds to get started, another great business idea for students in Nigeria is the wristwatch business.
#7. Shoe Business
If you are a female student in Nigeria, you may start a business selling women’s shoes. Ladies like to be stylish, and they are always willing to spend money to appear nice, therefore a small-scale shoe business will help you make a lot of money in school.
All you have to do is buy these shoes at a market and bring them to school to sell. How much money you generate from your shoe business is determined by how much money you put into it and how well you advertise it.
#8. Recharge Cards Business
Another popular business idea in Nigeria for schoolgirls and boys is the sale of data and recharge cards. This business is ideal for students who want to sell things at school but do not want to lug loads around with them.
All you need to start this business is a small amount of funds and the determination to keep selling despite the fact that profits will be modest until students recognize you.
#9. Perfume Oil Business
The perfume oil business is a profitable business idea for students if you can locate where you can get your perfume in retail and sell it to students at a reasonable price. The perfume business in Nigeria might be small-scale or large-scale.
It all depends on how much money you want to start with. The perfume oil business is another one of the low-cost business ideas in Nigeria.
#10. Sandals Business
Sandals is not a daily revenue business in Nigeria, but it can certainly meet your daily requirements as a student. You can earn money by selling sandals to other students and teachers. You can start your sandals business with any amount of money you have on hand. As a student, you might start a variety of sandals enterprises in Nigeria.
#11. Wig and Attachment Business
This is a profitable business in Nigeria, particularly if you are a woman or lady. You can either learn to produce wigs yourself or purchase them from a provider to resell. Because Nigerian women adore fashion, the wig business is a lucrative one.
#12. Selling Okirika (second-hand clothes)
Most people will not want to get into this type of business, yet it is quite profitable. Many consumers avoid boutiques because they assume everything sold there is too pricey. Especially in schools where students are attempting to manage their money wisely, this is an ideal location to launch an Okirika business. Purchase in bulk and resell.
#13. Laundry business
You may believe that few people support this concept, but have you tried it? You’d be shocked at how many adults or students require assistance with their laundry. Washing clothes after a long week with a mountain of homework is a stressful experience for many individuals. You can start washing by hand and then get a washing machine to help your business later on.
#14. Graphic design
You may master this skill using your smartphone or laptop. It’s popular right now due to its adaptability; you may start by utilizing Canva or taking a course before going into it professionally. Graphic designers produce designs for companies who want to sell their products via flyers, logos, or business cards. When you work in graphic design, you can easily combine study and employment.
#15. Catering services
The route to a man’s heart, as the phrase goes, is through his stomach. Are you in charge of the kitchen? Do you have the necessary resources to prepare and sell? You can take catering master lessons or begin with your fundamental cooking skills. Also, you start watching catering videos on YouTube because there are a lot of them.
You can start there and learn the fundamentals of catering. Purchase a few pieces of kitchen equipment and get started. As a student starting this business in Nigeria, you can easily run it online, cook at home, and then call a dispatch rider to bring it to your customer.
#16. Affiliate marketing
This is also one of Nigeria’s most popular companies. An affiliate marketer sells the products of others. All you have to do is connect the sellers with the customers or sell the product on the seller’s behalf to earn a commission on each product sold. Find an affiliate program where you can sign up, obtain a link, promote it, and help the company boost sales. When they make money, you make money.
#17. Cosmetics Business
Are you a Nigerian student? If you are a woman or a lady who is interested in the fashion industry, you might establish a small-scale cosmetic business in your school. All you need to do is find a market where you can get your cosmetics at the lowest possible price and sell them at school.
#18. Comedian or MC
Being a master of ceremonies or a comedian is a service business in Nigeria that might help you pay for education. Although this service-providing business cannot be done every day, you can still earn a fair living on the days you do not work.
Another advantage of this service-providing business is that it will make you popular in your local school. Being a comedian is one of the businesses that may be started with little money in Nigeria.
#19. Bread and Egg Business
The bread and fried egg business is a profitable snack business, particularly on school grounds. It is one of the best business ideas for men and women who enjoy cooking and want to make money from their hobby. To establish a profitable business like this, you’ll need a nice location on campus to rent a shop or space, as well as cooking equipment, culinary materials, and other supplies. All of this necessitates capital.
#20. Noodles and Egg Business
Another snack business in Nigeria that looks like a restaurant is noodles and fried eggs. In this food business, you may either create this cuisine for takeout or serve it to your clients in your shop. To start an indomie and fried egg business in high school, you will need funds to rent a shop and purchase cooking equipment, cooking supplies, and other necessities.
Because this is a high-demand business in terms of time, you may need to start it with a business partner. Everything is up to you.
What Business Can I Start as a Student in Nigeria?
A profitable business idea for a student in Nigeria is a laundry and dry cleaning business. It is also a profitable school business concept because many students do not have time to wash their clothes. They are too preoccupied with attending classes, studying, and partying.
What Business Can I Start with 50K in Nigeria as a Student?
Online and offline businesses that you can start with 50,000 in Nigeria include:
- POS Business.
- Mini Importation.
- Selling Dresses.
- Cooking Gas Business.
- Open A Provision Kiosk.
- Become a Real Estate Agent.
- Cook-On-Demand Business.
- Perfume Oil Sales.
What Business Can I Start with 200K as a Student in Nigeria?
Pastries and baking businesses, bead jewelry creation, jewelry sales, blogging, and tiny importation businesses are examples of businesses you can start with 200K as a student in Nigeria.
Which Business Pays Well in Nigeria?
Exporting raw materials to other countries, such as cocoa, green vegetables, vegetable oil, yam, cassava, palm oil, or crude oil, can ensure your financial success. Outside of the country, these items are in high demand.
What Can I Sell to Make Money in Nigeria?
Here’s a list of things you can sell in Nigeria to make money:
- Selling Books.
- Selling IT Stuff in Nigeria.
- Sell Fashion Clothes.
- Sell Handmade stuff like crafts, paintings
- Car rental services.
- Sell furniture.
- Cars and car accessories.
- Food and groceries.
Conclusion
As a student with little or no skill, you can create anything for yourself and earn money from it. There are numerous additional business ideas available to students in Nigeria. However, the most profitable ones have been demonstrated over time. Please bookmark this website as it will be updated on a regular basis.
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