The National Youth Service Corps (NYSC) year is a unique time for Nigerian graduates. While many see it as just a one-year program, smart corps members use this period to build something for their future. With the right mindset and strategies, you can start a profitable business that continues even after NYSC.

You can start a thriving business during your service year. In this guide, we’ll walk you through why starting a business during NYSC is a smart move, the best business ideas to consider, and the steps to make it a reality.

Why Start a Business During NYSC?

1. Financial Independence – The monthly allowance from the government might not be enough to cover all expenses. A business helps you earn extra income.
2. Low Risk – With free time and minimal responsibilities, this is the best time to experiment without fear of major financial loss.
3. Early Start – Instead of waiting to find a job after service, you would already have something growing.
4. Networking Opportunities – You meet people from different backgrounds who can be potential customers, partners, or investors.
5. Skill Development – Running a business sharpens problem-solving, marketing, and financial management skills.

Profitable Business Ideas for NYSC Members

Not every business requires huge capital. Here are some low-cost, high-return businesses:

1. Freelancing & Online Services

If you have a skill, monetize it!

• Graphic design
• Social media management
• Copywriting and content creation
• Video editing
• Website design

You can leverage websites like Hubspot and Coursera to learn and polish your skills

2. Mini Importation

Buy affordable products in bulk from China, Turkey, or the UK and sell them online. Focus on:

• Fashion accessories (watches, sunglasses, bags)
• Phone gadgets
• Beauty products

3. Food Business

Food is a necessity. You can start small with:

• Home-cooked meals for fellow corps members
• Baking (cakes, chin-chin, small chops)
• Smoothie and fruit juice production

POS Business with Lenco

With cash scarcity and poor banking networks, a POS business is profitable. Lenco provides a reliable and easy-to-use POS service to help corps members earn income through transaction charges. You can quickly get started with minimal capital and earn on every withdrawal or transfer.

Get answers to some of the Frequently Asked Questions About Lenco POS System here.

5. Tutoring & Skill Training

Many people are willing to pay for knowledge. If you’re good at:

• Teaching primary/secondary school students
• Training people on digital skills (design, coding, marketing)
• Organizing extra lessons for JAMB/WAEC students

6. Fashion & Beauty Services

If you’re skilled at:

• Hairdressing/barbing
• Make-up artistry
• Tailoring & fashion design
• Nail fixing & pedicure

These services are always in demand!

Steps to Start a Business During NYSC

1. Identify Your Strengths & Interests

Pick a business that aligns with your skills and passion. It should be something you enjoy doing and can sustain. Evaluate your abilities and consider businesses that fit your current location and available resources.

2. Start with Low Capital

Many businesses require little to no capital. Leverage your NYSC allowance and start small. Consider businesses that allow you to begin with minimal inventory or those that require only your expertise, such as freelancing or tutoring.

3. Leverage Social Media

Facebook, Instagram, WhatsApp, and TikTok can be your free marketing tools. Create engaging content, post customer testimonials, and use word-of-mouth referrals. Consistency is key—keep your audience engaged with valuable posts and promotions.

4. Offer Quality Services & Discounts

Attract your first customers with affordable prices and promotions. Satisfied customers will refer more people! Running a promo or offering referral discounts can help spread the word about your business.

5. Use Lenco for Easy Business Transactions

Lenco provides business-friendly banking solutions that help you manage your finances efficiently. With a Lenco business account, you can:

• Receive payments seamlessly via bank transfers or POS transactions
• Get a POS machine to earn extra income by offering cash withdrawals
• Track your earnings and expenses effortlessly with Lenco’s digital dashboard
• Enjoy zero hidden fees and fast transactions that help maximize your profit
• Access financial tools to grow your business and plan for the future

6. Save & Reinvest Your Profit

Instead of spending all your earnings, save and reinvest into growing your business.

7. Utilize NYSC Support Programs

NYSC offers business funding programs like:

• SAED (Skills Acquisition and Entrepreneurship Development) – Free training on various business skills. Take advantage of the workshops and mentorship programs to refine your business idea.
• BOI NYSC Loan – The Bank of Industry (BOI) provides loans to corps members starting businesses. Research the requirements and apply to secure additional funding for scaling your business.

Conclusion

Your NYSC year is more than just a phase—it’s an opportunity! Instead of waiting for job openings, create your own path by starting a business. With the right business idea, smart planning, and consistency, you can build something that sustains you even after NYSC.

Are you ready to start? Take action today and secure your financial future!