15 Fast Moving Businesses in Nigeria & Starting Costs (2024)

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Are you in Nigeria and looking to start a business that can fetch you quick profits? Look no further! We’ve compiled a list of some of the fastest-moving businesses in Nigeria, ranging from low-capital startups to larger ventures. Let’s dive in:

1. Palm Oil Business

The demand for palm oil is soaring, especially in industries like cosmetics. Starting a palm oil farm can be a lucrative venture, as you can sell directly to companies that rely on this essential product.

2. Poultry Farming

With a high demand for chicken and turkey meat, poultry farming can yield quick returns. Consider starting close to festive seasons for maximum profit.

3. Food Business

The food industry, including fast food joints and restaurants, is thriving in Nigeria. Depending on your budget and preference, you can start small and gradually expand.

4. Social Media Marketing

If you have a knack for social media, consider offering your services as a social media marketer. Help brands increase their online presence and drive sales.

5. Freelancing

Freelancing offers flexibility and the opportunity to work with multiple clients. From programming to graphic design, there are various skills in demand on platforms like Freelancer and Upwork.

6. Ebook Creation

If you’re a talented writer, consider writing and selling ebooks online. With minimal startup costs, you can tap into a vast market of digital readers.

7. Dry Cleaning Business

Set up a dry cleaning business in urban areas where there’s a high demand for laundry services among busy professionals.

8. Pure Water Business

Providing clean drinking water is essential, making the pure water business a lucrative venture. However, it requires significant investment and regulatory compliance.

9. Filling Station

Investing in a filling station can be highly profitable, given the constant demand for fuel in Nigeria. Location is key to success in this business.

10. Bread Production

Bread is a staple food in Nigeria, making bread production a viable business opportunity with relatively low startup costs.

11. Real Estate Business

Investing in real estate can yield passive income, especially in prime locations like Abuja and Lagos.

12. Scriptwriting

With Nigeria’s booming film industry, there’s a demand for talented scriptwriters. Hone your skills and tap into this creative field.

13. Forex Trading

While forex trading can be lucrative, it requires knowledge and strategy. Invest in learning before diving into this financial market.

14. Sale of Fairly Used Clothes and Shoes (Okrika)

Offering affordable second-hand clothing can attract budget-conscious customers. Choose the right location to maximize sales.

15. Tutoring Business

If you excel in academic subjects, consider tutoring students preparing for exams like WAEC and JAMB.


Starting a business in Nigeria can be both rewarding and profitable. Whether you’re interested in agriculture, technology, or services, there are ample opportunities to explore. By understanding market demands and investing wisely, you can build a successful enterprise in no time.


1.Are these businesses suitable for beginners?

Yes, many of these businesses require minimal investment and can be started by beginners with dedication and effort.

2.How can I choose the right business for me?

Consider your interests, skills, and available capital when selecting a business idea. Conduct market research to assess demand and competition.

3.Is it necessary to register my business?

Depending on the type of business, registration may be necessary for legal compliance and access to certain benefits. Consult with relevant authorities or a legal advisor for guidance.

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