Guide
15 Profitable Daily Income Business in Nigeria
Bisola Asolo
·
7 Jun 2024
Nigeria, Africa's largest economy, is a hub of entrepreneurial activity and diverse business opportunities. With a burgeoning population and rapid urbanisation, the demand for various services and products has skyrocketed, providing fertile ground for businesses that can generate daily income.
Whether you are looking to start a small venture or expand an existing one, understanding the potential of different business ideas is crucial.
In this article, we'll be taking a look at top 15 profitable daily income businesses in Nigeria and providing detailed insights into each one.
If you've been considering starting a business that will bring you some income daily, pay close attention.
1. Transportation Services
A daily income business in Nigeria that you'll find right now is in the transportation industry. This sector is incredibly lucrative, given the country's high population density and urban expansion. Two key areas in this sector are Uber and Okada (motorcycle taxis).
Uber: Ride-hailing services have revolutionised urban transportation. As an Uber driver in Nigeria you can earn between ₦15,000 and ₦30,000 daily, depending on the city and hours worked.
The startup cost is relatively high if you need to purchase a car, but it can be mitigated by leasing or financing options provided by Uber and other financial institutions. Maintenance and fuel costs are ongoing considerations, but the demand for convenient and reliable transportation ensures a steady stream of income.
Okada: Motorcycle taxis, known locally as Okadas, are a staple in both urban and rural areas. They offer quick and flexible transportation, especially in traffic-congested cities.
Daily earnings for Okada riders range from ₦2,000 to ₦5,000. The initial cost you need for a motorcycle varies from ₦70,000 to ₦150,000, making it a more affordable entry point compared to cars. Regular maintenance and fuel are the main operational costs.
2. Food and Restaurant Business
The food industry is one of the most stable sectors when it comes to having a profitable daily income business in Nigeria. This is because food is a necessity. Here are two profitable ventures in this space:
Street Food Vending: Street food is immensely popular in Nigeria. From suya (grilled meat) to puff-puff (fried dough balls), as a street vendor you can cater to a broad audience.
The startup cost is low, often under ₦50,000, and daily profits can range from ₦2,000 to ₦4,000. This business thrives on high foot traffic areas like markets, bus stops, and schools.
Fast Food Restaurants: Establishing a fast-food outlet requires you to have a higher initial investment, typically between ₦200,000 to ₦500,000, to cover equipment, rent, and initial stock.
However, the returns are significantly higher, with busy outlets earning up to ₦15,000 daily. Fast food joints appeal to a wide demographic, including busy professionals and young people, making it a sustainable business model for you.
3. Retail Businesses
Retail businesses are the backbone of local economies, providing essential goods and services to communities.
Provision and Grocery Stores: These stores sell daily essentials such as food, toiletries, and household items. The initial inventory cost ranges from ₦100,000 to ₦300,000. Location is crucial for success, as stores in high-traffic areas generate higher profits.
Daily profits you can get from this typically range from ₦2,000 to ₦5,000, with potential for more in well-stocked and well-located shops.
Chemist Shops: Also known as Pharmacy stores, these shops sell over-the-counter medications and health products. Initial costs include licensing (₦100,000 to ₦300,000), shop rent, and inventory.
Profit margins can be significant, with daily earnings often exceeding ₦5,000. The demand for affordable and accessible healthcare products ensures a steady customer base.
4. Cybercafé
Despite the rise of personal internet devices, cybercafés remain relevant in many parts of Nigeria. They offer internet access, printing, photocopying, and other computer-related services. This is what makes them a profitable daily income business in Nigeria to start.
For you to start a cybercafé you'll need to purchase equipment like computers, printers, and furniture, with costs ranging from ₦70,000 to ₦150,000. Location is key, as proximity to educational institutions or business districts can drive more traffic. Daily earnings can range from ₦5,000 to ₦15,000, depending on services offered and customer volume.
5. Chips Production
Plantain and potato chips are popular snacks in Nigeria. The production process is straightforward, involving slicing, frying, and packaging the chips for sale.
The startup cost for this business is relatively low, often under ₦50,000 for equipment and initial raw materials. The demand for these snacks is high, especially in urban areas and schools, providing a steady income stream. Daily profits can vary but are generally consistent due to the snack’s popularity.
6. E-commerce
The rise of the digital economy has opened up numerous opportunities for selling products online. Platforms like Jumia and Konga provide a marketplace for various goods, including fashion, electronics, and household items.
Starting an e-commerce business means you have to source products, set up an online store, and market them. Initial costs can be minimal if dropshipping, but higher if maintaining inventory. With effective marketing, daily sales can generate significant income, making e-commerce a great daily income business in Nigeria.
7. Egg Production
Poultry farming, particularly egg production, is a lucrative agribusiness. It's a well-known source of profitable daily income. The startup costs include purchasing chicks, feed, and constructing a suitable farm setup.
Eggs are in constant demand, both for direct consumption and as ingredients in other food products. A well-managed poultry farm can produce a steady daily income, with profits depending on the scale of production. Small to medium-sized farms can generate daily earnings that significantly contribute to household income.
8. Laundry Services
Laundry services cater to busy professionals and residents in urban areas who prefer outsourcing their laundry. To start this business, you'll need basic equipment such as washing machines, irons, and detergents.
Initial setup costs range from ₦100,000 to ₦300,000, depending on the scale of operations. Located in residential or commercial areas, laundry services can generate daily income through regular customers. Daily profits you make can range from ₦2,000 to ₦5,000, with potential for higher earnings during peak periods.
9. Car Wash
Car wash business is yet another profitable daily income business in Nigeria. They basically offer cleaning services for vehicles. They are particularly profitable in urban areas with high car ownership and busy lifestyles.
For you to start a car wash involves purchasing equipment like power washers, brushes, and cleaning agents. Initial costs range from ₦150,000 to ₦300,000. Daily revenues can range from ₦8,000 to ₦15,000, depending on location and volume of customers. High-traffic areas can see even higher earnings.
10. Online Tutoring
Online tutoring provides educational support to students through digital platforms. You can specialise in various subjects and cater to different educational levels if you like.
The startup cost is minimal, often limited to a computer and internet connection. With the increasing demand for personalised education, online tutoring can generate significant daily income. Of course, you're free to charge competitive rates, which makes this a flexible and profitable business.
11. Bakery
The bakery business in Nigeria thrives due to the high demand for bread, pastries, and other baked goods. Setting up a bakery involves significant initial investment in equipment such as ovens, mixers, and baking pans, with startup costs ranging from ₦200,000 to ₦1,000,000, depending on the scale of the operation you'd like.
Daily income can be substantial, with well-established bakeries earning ₦10,000 to ₦30,000 per day. Bread is a staple in many Nigerian households, and a consistent quality product can build a loyal customer base. Additionally, expanding product lines to include cakes, meat pies, and cookies can increase revenue streams.
12. Barbing Salon
Barbing salons cater to a broad demographic, offering haircuts and grooming services. To start a barbing salon you'll need to purchase clippers, chairs, mirrors, and other salon equipment, which can range from ₦100,000 to ₦500,000.
Location plays a crucial role in the success of a barbing salon. Establishing the salon in a high-traffic area such as a busy street or a market can attract a steady flow of customers.
Daily earnings for barbing salons can range from ₦5,000 to ₦15,000, depending on the location and the quality of services you offer your customers.
13. Photography
Photography services are in high demand for events such as weddings, birthdays, and corporate functions. The startup costs for a photography business include purchasing a professional camera, lenses, lighting equipment, and editing software, with these initial investments costing you somewhere between ₦150,000 to ₦500,000.
As a photographer, you can earn significant daily income by covering events, offering studio portraits, and providing printing services. Rates vary widely, but a well-established photographer can earn between ₦10,000 to ₦50,000 per event, making it a profitable venture with the potential for substantial daily earnings.
14. Poultry Farming (Broilers)
Poultry farming, specifically raising broilers for meat, is a profitable agricultural venture and considered to be a reliable daily income business in Nigeria. Broilers are fast-growing chickens, typically ready for market within six to eight weeks. Initial costs you'll incur include purchasing chicks and feed.
With proper management, a small-scale broiler farm can generate steady daily income. Profit margins depend on the scale of production and market prices, but farmers can expect daily earnings as broilers grow and are sold in batches. This business is attractive due to the quick turnaround time and high demand for poultry meat in Nigeria.
15. Mobile Phone Repairs
Mobile phone repair services are in high demand due to the widespread use of smartphones and the high cost of replacing them. To set up a repair shop, you'll need minimal investment in tools and spare parts, with startup costs ranging from ₦50,000 to ₦200,000.
If you're a skilled technician, you can earn between ₦2,000 to ₦10,000 daily, depending on the volume and complexity of repairs.
Location is crucial, with high-traffic areas like markets, business districts, and universities providing a steady stream of customers. The growing reliance on mobile phones ensures a continuous demand for repair services, making it a viable daily income business.
Super – Your Business Partner
With the businesses discussed providing you daily income, it'd be a wise idea to save/invest your earnings in a way that it doesn't depreciate.
One of the best ways to do this is saving in USD. With Super, you can easily onramp & offramp Naira to USD and vice versa with zero hassle.
All you have to do is create an account, get verified within a few minutes.
The big bonus? You get access to a virtual USD account with a USD card.
Meaning you can expand your business internationally, making payments as you want and receiving with ease too.
Conclusion
Nigeria offers a myriad of opportunities for businesses that can generate daily income. The key to success lies in understanding the market demand, choosing a suitable location, and providing high-quality products or services.
Whether you're interested in transportation, food, retail, or specialised services, each of the 15 business ideas outlined in this article has the potential to yield substantial daily profits. All you have to do is leverage these opportunities and stay adaptable to market changes.
With platforms like Super ready to help & support your business either by helping you onramp/offramp your money to crypto or by offering you the ability to expand your business internationally (making and receiving payments with ease), you're sure to succeed.
As an entrepreneur, you can build sustainable and profitable ventures in Nigeria's dynamic economy.
Nigeria, Africa's largest economy, is a hub of entrepreneurial activity and diverse business opportunities. With a burgeoning population and rapid urbanisation, the demand for various services and products has skyrocketed, providing fertile ground for businesses that can generate daily income.
Whether you are looking to start a small venture or expand an existing one, understanding the potential of different business ideas is crucial.
In this article, we'll be taking a look at top 15 profitable daily income businesses in Nigeria and providing detailed insights into each one.
If you've been considering starting a business that will bring you some income daily, pay close attention.
1. Transportation Services
A daily income business in Nigeria that you'll find right now is in the transportation industry. This sector is incredibly lucrative, given the country's high population density and urban expansion. Two key areas in this sector are Uber and Okada (motorcycle taxis).
Uber: Ride-hailing services have revolutionised urban transportation. As an Uber driver in Nigeria you can earn between ₦15,000 and ₦30,000 daily, depending on the city and hours worked.
The startup cost is relatively high if you need to purchase a car, but it can be mitigated by leasing or financing options provided by Uber and other financial institutions. Maintenance and fuel costs are ongoing considerations, but the demand for convenient and reliable transportation ensures a steady stream of income.
Okada: Motorcycle taxis, known locally as Okadas, are a staple in both urban and rural areas. They offer quick and flexible transportation, especially in traffic-congested cities.
Daily earnings for Okada riders range from ₦2,000 to ₦5,000. The initial cost you need for a motorcycle varies from ₦70,000 to ₦150,000, making it a more affordable entry point compared to cars. Regular maintenance and fuel are the main operational costs.
2. Food and Restaurant Business
The food industry is one of the most stable sectors when it comes to having a profitable daily income business in Nigeria. This is because food is a necessity. Here are two profitable ventures in this space:
Street Food Vending: Street food is immensely popular in Nigeria. From suya (grilled meat) to puff-puff (fried dough balls), as a street vendor you can cater to a broad audience.
The startup cost is low, often under ₦50,000, and daily profits can range from ₦2,000 to ₦4,000. This business thrives on high foot traffic areas like markets, bus stops, and schools.
Fast Food Restaurants: Establishing a fast-food outlet requires you to have a higher initial investment, typically between ₦200,000 to ₦500,000, to cover equipment, rent, and initial stock.
However, the returns are significantly higher, with busy outlets earning up to ₦15,000 daily. Fast food joints appeal to a wide demographic, including busy professionals and young people, making it a sustainable business model for you.
3. Retail Businesses
Retail businesses are the backbone of local economies, providing essential goods and services to communities.
Provision and Grocery Stores: These stores sell daily essentials such as food, toiletries, and household items. The initial inventory cost ranges from ₦100,000 to ₦300,000. Location is crucial for success, as stores in high-traffic areas generate higher profits.
Daily profits you can get from this typically range from ₦2,000 to ₦5,000, with potential for more in well-stocked and well-located shops.
Chemist Shops: Also known as Pharmacy stores, these shops sell over-the-counter medications and health products. Initial costs include licensing (₦100,000 to ₦300,000), shop rent, and inventory.
Profit margins can be significant, with daily earnings often exceeding ₦5,000. The demand for affordable and accessible healthcare products ensures a steady customer base.
4. Cybercafé
Despite the rise of personal internet devices, cybercafés remain relevant in many parts of Nigeria. They offer internet access, printing, photocopying, and other computer-related services. This is what makes them a profitable daily income business in Nigeria to start.
For you to start a cybercafé you'll need to purchase equipment like computers, printers, and furniture, with costs ranging from ₦70,000 to ₦150,000. Location is key, as proximity to educational institutions or business districts can drive more traffic. Daily earnings can range from ₦5,000 to ₦15,000, depending on services offered and customer volume.
5. Chips Production
Plantain and potato chips are popular snacks in Nigeria. The production process is straightforward, involving slicing, frying, and packaging the chips for sale.
The startup cost for this business is relatively low, often under ₦50,000 for equipment and initial raw materials. The demand for these snacks is high, especially in urban areas and schools, providing a steady income stream. Daily profits can vary but are generally consistent due to the snack’s popularity.
6. E-commerce
The rise of the digital economy has opened up numerous opportunities for selling products online. Platforms like Jumia and Konga provide a marketplace for various goods, including fashion, electronics, and household items.
Starting an e-commerce business means you have to source products, set up an online store, and market them. Initial costs can be minimal if dropshipping, but higher if maintaining inventory. With effective marketing, daily sales can generate significant income, making e-commerce a great daily income business in Nigeria.
7. Egg Production
Poultry farming, particularly egg production, is a lucrative agribusiness. It's a well-known source of profitable daily income. The startup costs include purchasing chicks, feed, and constructing a suitable farm setup.
Eggs are in constant demand, both for direct consumption and as ingredients in other food products. A well-managed poultry farm can produce a steady daily income, with profits depending on the scale of production. Small to medium-sized farms can generate daily earnings that significantly contribute to household income.
8. Laundry Services
Laundry services cater to busy professionals and residents in urban areas who prefer outsourcing their laundry. To start this business, you'll need basic equipment such as washing machines, irons, and detergents.
Initial setup costs range from ₦100,000 to ₦300,000, depending on the scale of operations. Located in residential or commercial areas, laundry services can generate daily income through regular customers. Daily profits you make can range from ₦2,000 to ₦5,000, with potential for higher earnings during peak periods.
9. Car Wash
Car wash business is yet another profitable daily income business in Nigeria. They basically offer cleaning services for vehicles. They are particularly profitable in urban areas with high car ownership and busy lifestyles.
For you to start a car wash involves purchasing equipment like power washers, brushes, and cleaning agents. Initial costs range from ₦150,000 to ₦300,000. Daily revenues can range from ₦8,000 to ₦15,000, depending on location and volume of customers. High-traffic areas can see even higher earnings.
10. Online Tutoring
Online tutoring provides educational support to students through digital platforms. You can specialise in various subjects and cater to different educational levels if you like.
The startup cost is minimal, often limited to a computer and internet connection. With the increasing demand for personalised education, online tutoring can generate significant daily income. Of course, you're free to charge competitive rates, which makes this a flexible and profitable business.
11. Bakery
The bakery business in Nigeria thrives due to the high demand for bread, pastries, and other baked goods. Setting up a bakery involves significant initial investment in equipment such as ovens, mixers, and baking pans, with startup costs ranging from ₦200,000 to ₦1,000,000, depending on the scale of the operation you'd like.
Daily income can be substantial, with well-established bakeries earning ₦10,000 to ₦30,000 per day. Bread is a staple in many Nigerian households, and a consistent quality product can build a loyal customer base. Additionally, expanding product lines to include cakes, meat pies, and cookies can increase revenue streams.
12. Barbing Salon
Barbing salons cater to a broad demographic, offering haircuts and grooming services. To start a barbing salon you'll need to purchase clippers, chairs, mirrors, and other salon equipment, which can range from ₦100,000 to ₦500,000.
Location plays a crucial role in the success of a barbing salon. Establishing the salon in a high-traffic area such as a busy street or a market can attract a steady flow of customers.
Daily earnings for barbing salons can range from ₦5,000 to ₦15,000, depending on the location and the quality of services you offer your customers.
13. Photography
Photography services are in high demand for events such as weddings, birthdays, and corporate functions. The startup costs for a photography business include purchasing a professional camera, lenses, lighting equipment, and editing software, with these initial investments costing you somewhere between ₦150,000 to ₦500,000.
As a photographer, you can earn significant daily income by covering events, offering studio portraits, and providing printing services. Rates vary widely, but a well-established photographer can earn between ₦10,000 to ₦50,000 per event, making it a profitable venture with the potential for substantial daily earnings.
14. Poultry Farming (Broilers)
Poultry farming, specifically raising broilers for meat, is a profitable agricultural venture and considered to be a reliable daily income business in Nigeria. Broilers are fast-growing chickens, typically ready for market within six to eight weeks. Initial costs you'll incur include purchasing chicks and feed.
With proper management, a small-scale broiler farm can generate steady daily income. Profit margins depend on the scale of production and market prices, but farmers can expect daily earnings as broilers grow and are sold in batches. This business is attractive due to the quick turnaround time and high demand for poultry meat in Nigeria.
15. Mobile Phone Repairs
Mobile phone repair services are in high demand due to the widespread use of smartphones and the high cost of replacing them. To set up a repair shop, you'll need minimal investment in tools and spare parts, with startup costs ranging from ₦50,000 to ₦200,000.
If you're a skilled technician, you can earn between ₦2,000 to ₦10,000 daily, depending on the volume and complexity of repairs.
Location is crucial, with high-traffic areas like markets, business districts, and universities providing a steady stream of customers. The growing reliance on mobile phones ensures a continuous demand for repair services, making it a viable daily income business.
Super – Your Business Partner
With the businesses discussed providing you daily income, it'd be a wise idea to save/invest your earnings in a way that it doesn't depreciate.
One of the best ways to do this is saving in USD. With Super, you can easily onramp & offramp Naira to USD and vice versa with zero hassle.
All you have to do is create an account, get verified within a few minutes.
The big bonus? You get access to a virtual USD account with a USD card.
Meaning you can expand your business internationally, making payments as you want and receiving with ease too.
Conclusion
Nigeria offers a myriad of opportunities for businesses that can generate daily income. The key to success lies in understanding the market demand, choosing a suitable location, and providing high-quality products or services.
Whether you're interested in transportation, food, retail, or specialised services, each of the 15 business ideas outlined in this article has the potential to yield substantial daily profits. All you have to do is leverage these opportunities and stay adaptable to market changes.
With platforms like Super ready to help & support your business either by helping you onramp/offramp your money to crypto or by offering you the ability to expand your business internationally (making and receiving payments with ease), you're sure to succeed.
As an entrepreneur, you can build sustainable and profitable ventures in Nigeria's dynamic economy.
Nigeria, Africa's largest economy, is a hub of entrepreneurial activity and diverse business opportunities. With a burgeoning population and rapid urbanisation, the demand for various services and products has skyrocketed, providing fertile ground for businesses that can generate daily income.
Whether you are looking to start a small venture or expand an existing one, understanding the potential of different business ideas is crucial.
In this article, we'll be taking a look at top 15 profitable daily income businesses in Nigeria and providing detailed insights into each one.
If you've been considering starting a business that will bring you some income daily, pay close attention.
1. Transportation Services
A daily income business in Nigeria that you'll find right now is in the transportation industry. This sector is incredibly lucrative, given the country's high population density and urban expansion. Two key areas in this sector are Uber and Okada (motorcycle taxis).
Uber: Ride-hailing services have revolutionised urban transportation. As an Uber driver in Nigeria you can earn between ₦15,000 and ₦30,000 daily, depending on the city and hours worked.
The startup cost is relatively high if you need to purchase a car, but it can be mitigated by leasing or financing options provided by Uber and other financial institutions. Maintenance and fuel costs are ongoing considerations, but the demand for convenient and reliable transportation ensures a steady stream of income.
Okada: Motorcycle taxis, known locally as Okadas, are a staple in both urban and rural areas. They offer quick and flexible transportation, especially in traffic-congested cities.
Daily earnings for Okada riders range from ₦2,000 to ₦5,000. The initial cost you need for a motorcycle varies from ₦70,000 to ₦150,000, making it a more affordable entry point compared to cars. Regular maintenance and fuel are the main operational costs.
2. Food and Restaurant Business
The food industry is one of the most stable sectors when it comes to having a profitable daily income business in Nigeria. This is because food is a necessity. Here are two profitable ventures in this space:
Street Food Vending: Street food is immensely popular in Nigeria. From suya (grilled meat) to puff-puff (fried dough balls), as a street vendor you can cater to a broad audience.
The startup cost is low, often under ₦50,000, and daily profits can range from ₦2,000 to ₦4,000. This business thrives on high foot traffic areas like markets, bus stops, and schools.
Fast Food Restaurants: Establishing a fast-food outlet requires you to have a higher initial investment, typically between ₦200,000 to ₦500,000, to cover equipment, rent, and initial stock.
However, the returns are significantly higher, with busy outlets earning up to ₦15,000 daily. Fast food joints appeal to a wide demographic, including busy professionals and young people, making it a sustainable business model for you.
3. Retail Businesses
Retail businesses are the backbone of local economies, providing essential goods and services to communities.
Provision and Grocery Stores: These stores sell daily essentials such as food, toiletries, and household items. The initial inventory cost ranges from ₦100,000 to ₦300,000. Location is crucial for success, as stores in high-traffic areas generate higher profits.
Daily profits you can get from this typically range from ₦2,000 to ₦5,000, with potential for more in well-stocked and well-located shops.
Chemist Shops: Also known as Pharmacy stores, these shops sell over-the-counter medications and health products. Initial costs include licensing (₦100,000 to ₦300,000), shop rent, and inventory.
Profit margins can be significant, with daily earnings often exceeding ₦5,000. The demand for affordable and accessible healthcare products ensures a steady customer base.
4. Cybercafé
Despite the rise of personal internet devices, cybercafés remain relevant in many parts of Nigeria. They offer internet access, printing, photocopying, and other computer-related services. This is what makes them a profitable daily income business in Nigeria to start.
For you to start a cybercafé you'll need to purchase equipment like computers, printers, and furniture, with costs ranging from ₦70,000 to ₦150,000. Location is key, as proximity to educational institutions or business districts can drive more traffic. Daily earnings can range from ₦5,000 to ₦15,000, depending on services offered and customer volume.
5. Chips Production
Plantain and potato chips are popular snacks in Nigeria. The production process is straightforward, involving slicing, frying, and packaging the chips for sale.
The startup cost for this business is relatively low, often under ₦50,000 for equipment and initial raw materials. The demand for these snacks is high, especially in urban areas and schools, providing a steady income stream. Daily profits can vary but are generally consistent due to the snack’s popularity.
6. E-commerce
The rise of the digital economy has opened up numerous opportunities for selling products online. Platforms like Jumia and Konga provide a marketplace for various goods, including fashion, electronics, and household items.
Starting an e-commerce business means you have to source products, set up an online store, and market them. Initial costs can be minimal if dropshipping, but higher if maintaining inventory. With effective marketing, daily sales can generate significant income, making e-commerce a great daily income business in Nigeria.
7. Egg Production
Poultry farming, particularly egg production, is a lucrative agribusiness. It's a well-known source of profitable daily income. The startup costs include purchasing chicks, feed, and constructing a suitable farm setup.
Eggs are in constant demand, both for direct consumption and as ingredients in other food products. A well-managed poultry farm can produce a steady daily income, with profits depending on the scale of production. Small to medium-sized farms can generate daily earnings that significantly contribute to household income.
8. Laundry Services
Laundry services cater to busy professionals and residents in urban areas who prefer outsourcing their laundry. To start this business, you'll need basic equipment such as washing machines, irons, and detergents.
Initial setup costs range from ₦100,000 to ₦300,000, depending on the scale of operations. Located in residential or commercial areas, laundry services can generate daily income through regular customers. Daily profits you make can range from ₦2,000 to ₦5,000, with potential for higher earnings during peak periods.
9. Car Wash
Car wash business is yet another profitable daily income business in Nigeria. They basically offer cleaning services for vehicles. They are particularly profitable in urban areas with high car ownership and busy lifestyles.
For you to start a car wash involves purchasing equipment like power washers, brushes, and cleaning agents. Initial costs range from ₦150,000 to ₦300,000. Daily revenues can range from ₦8,000 to ₦15,000, depending on location and volume of customers. High-traffic areas can see even higher earnings.
10. Online Tutoring
Online tutoring provides educational support to students through digital platforms. You can specialise in various subjects and cater to different educational levels if you like.
The startup cost is minimal, often limited to a computer and internet connection. With the increasing demand for personalised education, online tutoring can generate significant daily income. Of course, you're free to charge competitive rates, which makes this a flexible and profitable business.
11. Bakery
The bakery business in Nigeria thrives due to the high demand for bread, pastries, and other baked goods. Setting up a bakery involves significant initial investment in equipment such as ovens, mixers, and baking pans, with startup costs ranging from ₦200,000 to ₦1,000,000, depending on the scale of the operation you'd like.
Daily income can be substantial, with well-established bakeries earning ₦10,000 to ₦30,000 per day. Bread is a staple in many Nigerian households, and a consistent quality product can build a loyal customer base. Additionally, expanding product lines to include cakes, meat pies, and cookies can increase revenue streams.
12. Barbing Salon
Barbing salons cater to a broad demographic, offering haircuts and grooming services. To start a barbing salon you'll need to purchase clippers, chairs, mirrors, and other salon equipment, which can range from ₦100,000 to ₦500,000.
Location plays a crucial role in the success of a barbing salon. Establishing the salon in a high-traffic area such as a busy street or a market can attract a steady flow of customers.
Daily earnings for barbing salons can range from ₦5,000 to ₦15,000, depending on the location and the quality of services you offer your customers.
13. Photography
Photography services are in high demand for events such as weddings, birthdays, and corporate functions. The startup costs for a photography business include purchasing a professional camera, lenses, lighting equipment, and editing software, with these initial investments costing you somewhere between ₦150,000 to ₦500,000.
As a photographer, you can earn significant daily income by covering events, offering studio portraits, and providing printing services. Rates vary widely, but a well-established photographer can earn between ₦10,000 to ₦50,000 per event, making it a profitable venture with the potential for substantial daily earnings.
14. Poultry Farming (Broilers)
Poultry farming, specifically raising broilers for meat, is a profitable agricultural venture and considered to be a reliable daily income business in Nigeria. Broilers are fast-growing chickens, typically ready for market within six to eight weeks. Initial costs you'll incur include purchasing chicks and feed.
With proper management, a small-scale broiler farm can generate steady daily income. Profit margins depend on the scale of production and market prices, but farmers can expect daily earnings as broilers grow and are sold in batches. This business is attractive due to the quick turnaround time and high demand for poultry meat in Nigeria.
15. Mobile Phone Repairs
Mobile phone repair services are in high demand due to the widespread use of smartphones and the high cost of replacing them. To set up a repair shop, you'll need minimal investment in tools and spare parts, with startup costs ranging from ₦50,000 to ₦200,000.
If you're a skilled technician, you can earn between ₦2,000 to ₦10,000 daily, depending on the volume and complexity of repairs.
Location is crucial, with high-traffic areas like markets, business districts, and universities providing a steady stream of customers. The growing reliance on mobile phones ensures a continuous demand for repair services, making it a viable daily income business.
Super – Your Business Partner
With the businesses discussed providing you daily income, it'd be a wise idea to save/invest your earnings in a way that it doesn't depreciate.
One of the best ways to do this is saving in USD. With Super, you can easily onramp & offramp Naira to USD and vice versa with zero hassle.
All you have to do is create an account, get verified within a few minutes.
The big bonus? You get access to a virtual USD account with a USD card.
Meaning you can expand your business internationally, making payments as you want and receiving with ease too.
Conclusion
Nigeria offers a myriad of opportunities for businesses that can generate daily income. The key to success lies in understanding the market demand, choosing a suitable location, and providing high-quality products or services.
Whether you're interested in transportation, food, retail, or specialised services, each of the 15 business ideas outlined in this article has the potential to yield substantial daily profits. All you have to do is leverage these opportunities and stay adaptable to market changes.
With platforms like Super ready to help & support your business either by helping you onramp/offramp your money to crypto or by offering you the ability to expand your business internationally (making and receiving payments with ease), you're sure to succeed.
As an entrepreneur, you can build sustainable and profitable ventures in Nigeria's dynamic economy.