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Many people believe starting a business in Nigeria requires a huge amount of capital, but that is not true. In 2026, there are several small businesses you can start with less than ₦100,000 and grow steadily over time.
Here are 10 practical business ideas:
1. POS (Agent Banking) Business
You can start a POS business and earn commission from withdrawals, deposits, and transfers.
2. Phone Accessories Business
Selling chargers, earpieces, screen guards, and power banks is a fast-moving business in Nigeria.
3. Thrift (Okrika) Fashion Business
Buying and reselling thrift clothes is very profitable with low startup cost.
4. Mini Importation
Import small goods like gadgets, fashion items, and accessories and resell for profit.
5. Small Food Business
Snacks like puff-puff, chin chin, and small chops sell quickly in busy areas.
6. Freelancing Services
Skills like writing, graphic design, and social media management can earn income online.
7. Laundry Services
A simple laundry business can generate steady daily income in urban areas.
8. WhatsApp/Instagram Online Store
You can sell products directly through social media without a physical shop.
9. Phone Repair Business
Learning basic phone repair skills can turn into a profitable service business.
10. Social Media Management
Helping small businesses manage their online pages is becoming a growing demand.
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