10 Businesses you can start with 100 thousand naira

I know you probably rolled your eyes the first time you saw the title of this article. You might think it’s another one of those aspiring-to-perspire articles promising the impossible. But hold up a bit; there is something here for you if only you read to the end, and I can assure you it will be worth your read.

Starting a business doesn’t always require a massive capital investment. In fact, with just 100 thousand naira, you can embark on a journey to establish your own venture. While it may not seem like a significant amount, with the right business ideas and strategies, you can turn this modest sum into a thriving business. So, let’s explore ten business opportunities you can kickstart with just 100 thousand naira.

1. Freelance Services:

You can offer freelance services if you have a specific skill set, such as graphic design, writing, social media management, website designing, virtual assistance, digital marketing, search engine optimization, or web development. Invest in a reliable computer and software, create an online portfolio, and market your services to potential clients. There are also platforms you can sign up on to get freelancing gigs. Some of them are Fiverr, Upwork, indeed, etc.

2. Catering:

If you are passionate about cooking, starting a small catering business can be a lucrative option. Use your 100 thousand naira to purchase essential kitchen equipment, ingredients, and packaging materials. Start by catering for small events and gradually expand your clientele. You can also become an online food vendor and sell food to people that will be delivered to them in their comfort zones, and with time, you can expand to get a physical store.

3. E-commerce:

Starting an e-commerce business can be a smart investment with the rise of online shopping. Identify a niche market, source products, and establish an online store. Utilize social media and digital marketing to promote your products and reach potential customers.

4. Mobile Phone Accessories:

The demand for mobile phone accessories is ever-growing. Invest in affordable phone cases, chargers, screen protectors, and other accessories. Sell them online or set up a small kiosk in a busy location to attract customers.

5. Event Planning:

If you have strong organizational skills and a flair for creativity, consider starting an event planning business. Use your 100 thousand naira to create a professional website, build a portfolio of previous events you’ve planned, and invest in marketing to attract clients.

6. Fitness Training:

Starting a fitness training business can be rewarding with the increasing focus on health and wellness. Use your capital to obtain necessary fitness certifications, purchase basic equipment, and rent a small studio space. Market your fitness center well and ensure you deliver results for your clients; with time, you will get referrals, and you can expand your fitness center.

7. Tutoring Services:

If you excel in a particular subject or have expertise in a specific area, you can offer tutoring services. Invest in educational materials, create a study-friendly environment, and promote your services to students and parents.

8. Organic Farming:

Embrace the growing trend of organic produce by starting a small-scale organic farming business. Utilize your capital to purchase seeds, organic fertilizers, and basic farming equipment. Begin by cultivating a small plot of land and selling your harvest at local markets.

9. Personalized Gift Items:

Capitalize on the demand for unique and personalized gifts. Invest in materials and equipment to create customized items like mugs, t-shirts, keychains, and jewelry. Leverage social media platforms to showcase your products and attract customers.

10. Beauty and Grooming Services:

If you have a passion for beauty and grooming, consider starting a small salon or barbershop. Invest in essential equipment, quality products, and create a comfortable ambiance to attract customers.


While 100 thousand naira may not seem substantial, it can be a seed fund for starting your own business. The key lies in choosing the right business idea, managing your resources wisely, and leveraging digital platforms for marketing and sales. You can transform your modest investment into a successful business venture with dedication, perseverance, and a solid business plan. Remember, starting small doesn’t mean staying small. You can reinvest and expand your operations as your business grows and generates profits.

So, before you dismiss the idea of starting a business with 100 thousand naira, take a moment to consider the possibilities. With determination, creativity, and strategic thinking, you can turn this seemingly limited capital into a thriving enterprise.