20 Business Ideas for Nigerian Students & Startup Costs (2024)

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Are you a Nigerian student looking to earn some extra cash but worried about the initial investment? Don’t fret! There are plenty of business opportunities that require little to no startup funds. With a bit of creativity and dedication, you can turn your spare time into a profitable venture.

Here are 20 business ideas tailored just for you:

1. Content Writing Love to write? Become a freelance content writer for blogs and websites. You’ll need a reliable laptop and internet connection, which you likely already have.

2. Blogging Start your own blog with just a domain name and web hosting, costing around N20,000 for a whole year.

3. Graphic Design If you’re skilled with designs, offer your services for designing flyers and posters. Platforms like Fiverr are great for freelancers.

4. Baking Cakes and Pastries Learn baking through tutorials, costing around N10,000, plus baking ingredients and a fairly used oven for less than N50,000.

5. Hairdressing Business Setup a hairdressing business catering to fellow students. Initial investment varies based on your desired setup.

6. Tailoring Start a tailoring business, though it comes with its challenges like dealing with debts from customers.

7. Selling Artwork If you’re artistic, sell your artwork to students as personalized gifts.

8. Selling Bedding and Bedsheet Invest in bedding and bedsheets for sale, requiring around N20,000 to start.

9. Mini Importation Import small goods from abroad at cheaper prices and sell for profit after learning the ropes.

10. Tutoring Offer tutoring services for subjects you excel in, earning up to N3,000 per student.

11. Web Design Learn web design skills and offer your services, requiring knowledge of programming languages like HTML and CSS.

12. Phone and Computer Repairs Learn phone repair skills and invest in tools and workspace for this popular side hustle.

13. Dropshipping Sell products without holding inventory by fulfilling orders directly from suppliers.

14. Affiliate Marketing Earn commissions by promoting products and services through affiliate programs like Jumia.

15. Recharge Card Business Set up a small shop selling recharge cards, though profits may be modest.

16. Selling Used Clothes Start a business selling second-hand clothes, requiring minimal investment.

17. Barbing Salon Business If you have enough capital, open a barbing salon for a steady income stream.

18. Vlogging Become a vlogger on YouTube with good content and a decent camera.

19. Programming Freelance as a programmer after learning coding skills, earning from tens of thousands to hundreds of thousands.

20. Painting Offer painting services for student accommodations, earning more with specialized styles.


Starting a business as a Nigerian student doesn’t have to break the bank. With these ideas, a little creativity, and dedication, you can turn your free time into a profitable venture. So why wait? Take the plunge and start your entrepreneurial journey today!


1. How much do I need to start these businesses?

Startup costs vary for each business, but many can be started with less than N100,000.

2. How can I manage my studies alongside running a business?

Prioritize your tasks, manage your time effectively, and seek support from peers or mentors.

3. Are these businesses legal for students?

Yes, as long as you comply with local regulations and manage your studies responsibly.

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