Businesses You Can Start With Less Than 100,000 Naira   KwikBusinesses You Can Start With Less Than 100,000 Naira   Kwik
Businesses You Can Start With Less Than 100,000 Naira   Kwik

Businesses You Can Start With Less Than 100,000 Naira

With unemployment on the rise and inflations constantly making the cost of living a normal life difficult in Nigeria, the need to start and successfully build your own business becomes necessary. In this article, we will show you businesses you can start with as little as 100,000 naira to help you become financially stable.

According to Trading Economics, more than 23 million Nigerians are unemployed, and that number is set to reach 40 million before the second quarter of 2025.

And with the current rise in inflation of goods and services, one would wonder if it is even possible to start and run a business in Nigeria, especially since everything is becoming more expensive with each passing day.

However, owning a business is one proven way of escaping poverty and attaining financial freedom. And for Nigerians, starting your own business can be very stressful because of the need for a lot of capital and running costs.

But for the sake of those who may not have the deep pockets to start a very big business, we have compiled a list of businesses you can start with less than 100,000 naira. 

1. POS/E-Payment Merchants

This business model sits on top of this list for a number of reasons. One of those reasons is that financial transactions are a very important part of people’s lives and this business will never run out of customers – no matter how many POS agents are situated on one street.

Secondly, Nigerian banks are notorious for always passing their customers through a lot of agony with their unnecessary time wasting and poor network. More often than not, people waste their precious time in banking halls queuing for hours before they can make basic transactions.

The POS business serves as a very much needed alternative to wasting your precious time in the bank. 

POS can handle financial transactions such as fund transfers and withdrawals, bill payment (DSTV, GOTV, PHCN), airtime recharge, and data sales, among others.

Additionally, there are a few things you must consider before starting your POS business if you truly want to succeed and escape sapa.

Some decisions you make can either help you grow or fail, and we’ve listed some critical things you need to take care of before starting your business. 

Strong internet connection

This is an important factor to consider before deciding on a location. To ensure smooth business transactions, make sure your POS business is located in an area with a strong GSM network. 

Proximity to banks

Another important factor to consider before deciding where to locate your POS business is the proximity of the area to banks. Locating your POS near the banking area can be disastrous for your business and may not result in the expected return on investment. This is because the majority of people would rather visit the bank for their transactions because it is nearby. 


When looking for a location for your POS business, make sure it is secure and has little or no history of crime. Because you will be dealing with cash on a daily basis, you will be vulnerable and a soft target for criminals if the location is not secure. 

What do you need to start a POS business?

Some of the things you’ll need to get the business started are business capital, a space/shop or container, a banner, and, most importantly, a POS machine. Banks such as GTB, UBA, Zenith, First Bank, Access Bank, Polaris Bank, and others sell POS machines. 

2. Roadside phone and gadget charging

Another business idea in Nigeria that can be realized with as little as 100,000 naira is phone and gadget charging. It is no longer news that the electricity supply in most states of the country is unstable and unreliable, making the phone-changing business a very appealing one to enter with relatively little capital. 

In addition, the cost of gasoline for generators, which could have served as an alternative power source, has become prohibitively expensive.

As a result, most lower and middle-class citizens who cannot afford to buy a generator frequently turn to phone charging vendors, paying a minimum of 100 naira to have their phones and other gadgets charged. 

What do you need to start a roadside phone and gadget charging business?

When starting a phone and gadget recharging business, the location must be considered. It is preferable to locate your business in an area with insufficient electricity. This will make people more likely to patronize your company.

As a phone recharging vendor, you should also develop a good personality that will allow your potential customers to freely relate to you because you will be dealing with a variety of people on a daily basis.

You will need a container/space, a covered or shaded stall, a small generator for power supply, fuel to power the generator, original chargers and desktop, and an electric socket board with multiple electronic sockets for charging to get started. 

3. Mobile food vendor and delivery

Food is an essential part of human life that cannot be avoided. Whatever the circumstances, we must always find something to eat.

This, among other factors, is why the online food vending and delivery business ranks third on the list of business ideas that can be started with 100,000 naira. 

Currently, many people find it difficult to cook food at home due to the nature of their jobs and busy schedules; as a result, they hire the services of these food vendors. People who fall into this category include the working class, students, and artisans. 

Starting a mobile food vendor business requires learning or possessing cooking skills, which will give you a significant advantage over your competitors, as there are many alternatives such as eateries, restaurants, and other mobile food vendors competing for your customers. Your ability to prepare delicious, nice, and reasonably priced meals will set you apart from the competition.

Finally, you can expand your reach by registering your business with Kwikbites. When you register your food business on Kwikbites, people who visit the Kwikbites website can see your meals and order them online, and Kwik will deliver these food items to your customers in less than 2 hours. 

What do you need to start a mobile food vendor and delivery business?

Fast and dependable modes of transportation are essential for the smooth operation of the mobile food business.

The good news is that you don’t need a shop or office to cook your meals; you can start by cooking from the comfort of your own home and gradually expand your business 

4. Laundry and Drycleaning

One of the businesses you could start with 100,000 naira is laundry and drycleaning. A lot of people have extremely busy schedules and as such, do not have the time to wash their clothes, and that’s where a drycleaner steps in. 

What do you need to start a laundry and drycleaning business?

One advantage of the business is that you can work from the comfort of your own home without the need for a personal shop or space.

All that is required to materialize the business idea are basic tools such as a washing machine, iron, and generator in case of a power outage.

Laundry, like most other businesses, requires you to be truthful. As a laundry service provider, you must always keep your promises by ensuring that your customers’ clothes are ready when they are due.

It is also critical to build strong relationships with your customers in order to increase the likelihood of referral to other potential customers. 


If you know how to make shawarma very well, you are already 80% sure that you will be successful if you start a shawarma business.

Over the years, this fast food has become the favorite for a number of people. More than 90% of your customers will come back to you if they get a good impression from the first Shawarma they buy from you. 

Finally, as your business grows, you may need to have an online store where your loyal customers can simply order for your shawarma online and get it delivered to them.

With KwikStore, you can create your own online store for free in less than 3 minute using your smartphone. You do not need to have any prior technical knowledge neither will you pay and hosting or subscription fees. 

Get a KwikStore today and list your products for free. 

What do you need to start a shawarma business?

It is preferable to locate your shawarma location in an urban area where you can easily meet with your target audience.

Students’ areas, supermarket surroundings, the entrance to an estate, bar, hotel, and T-junctions are just a few of the best places to locate your shawarma business in order to maximize profit and return on investment.

A shawarma toaster, show glass, pot/utensils, apron, and insect killer for flies are among the items needed for the business. 

6. Become a Kwikpadi

Businesses You Can Start With Less Than 100,000 Naira | Kwik

You can earn as much as 200,000 naira monthly by helping people place delivery orders for their items.

By becoming a Kwikpadi, you can situate your small kiosk in strategic locations where there’s a lot of commercial activities like large markets, eateries, computer villages, and boutiques.

Whenever these business owners need to make a delivery and they see your properly branded kwik delivery agent kiosk close to them, they can reach out to you to help them deliver these items to their customers.

When these deliveries are completed, you earn a commission which is paid into your bank account in less than 24 hours.

Sign up for free today to become a Kwikpadi and start earning at your own convenience. 


Finally, there are many business ideas in Nigeria that can be started with as little as 100,000 naira. What matters most is your ability to examine and analyze the category into which you best fit.

Also, patience is required, as the initial stage of a personal business may be frustrating and not yielding as much as expected, but with dedication and hard work, it will only be a matter of time before you achieve financial freedom in the business.

Whichever business you decide to start, Kwik has a platform to help you sell your products faster and get them delivered to your customers in under 2 hours.

With KwikStore, you can create your own online store for free. You do not need to have any technical knowledge or pay any server hosting fees.

When you create a store with us, whenever your customer places an order on your store, a delivery partner will be assigned to you and would deliver that package to your customer as soon as possible.

Visit our website to create your own online store today.


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