15 Daily Income Business In Nigeria​

Do you know that some businesses in Nigeria can earn you daily income and their startup costs are low? These businesses are designed to generate consistent daily earnings, ensuring your pocket stays dry.

To take it further, explore profitable small business ideas in Nigeria and consider starting your venture to secure a steady income.

This article highlights practical ideas to help you launch a business that aligns with your interests and provides daily profits, along with other promising business opportunities in Nigeria.

1. Food and Restaurant Business

The food industry is one of the most reliable sectors for generating daily income in Nigeria, thanks to its essential nature. Here are two highly profitable ventures:

Street Food Vending: Popular options like suya, puff-puff, and akara cater to a wide audience. Startup costs are low, typically under ₦50,000, and daily profits range between ₦2,000 and ₦4,000. This business thrives in areas with high foot traffic, such as markets, schools, and bus stops.

Fast Food Restaurants: Setting up a fast-food outlet requires a higher initial investment, ranging from ₦200,000 to ₦500,000. However, the returns are substantial, with busy locations generating daily profits of up to ₦15,000. Fast food businesses appeal to a broad demographic, including professionals and students.

2. Transportation Services

The transportation industry is a lucrative sector in Nigeria due to the high demand for mobility in densely populated areas.

Uber: Ride-hailing services like Uber offer excellent earning potential, with drivers making between ₦15,000 and ₦30,000 daily, depending on city and working hours. While the startup cost for a car can be high, leasing and financing options are available to ease the burden.

Okada (Motorcycle Taxis): Okadas are widely used in both urban and rural areas, especially in traffic-heavy cities. With initial costs ranging from ₦70,000 to ₦150,000 for a motorcycle, daily earnings range from ₦2,000 to ₦5,000. Maintenance and fuel costs are manageable, making it an accessible option.

3. Retail Businesses

Retail remains a cornerstone of Nigeria’s economy, offering steady income through essential goods and services.

Provision and Grocery Stores: These stores sell everyday items like food and toiletries. Startup costs range from ₦100,000 to ₦300,000, with daily profits averaging ₦2,000 to ₦5,000. High-traffic locations are critical for success.

Chemist Shops: Selling over-the-counter medications and health products, chemist shops require licensing (₦100,000 to ₦300,000), rent, and inventory. Daily-earnings often exceed ₦5,000 due to the consistent demand for healthcare products.

4. Chips Production

Producing snacks like plantain and potato chips is a straightforward and profitable business. With startup costs below ₦50,000 for equipment and raw materials, this venture is highly affordable. High demand, especially in urban areas and schools, ensures a steady income. Daily profits are consistent due to the snack’s popularity.

5. E-commerce

The digital economy offers vast opportunities for daily income through online sales. Platforms like Jumia and Konga provide marketplaces for products such as fashion, electronics, and household goods.

Startup costs can be minimal if dropshipping or higher when managing inventory. With effective marketing, daily sales can yield significant income, making e-commerce a highly viable business in Nigeria.

6. Cybercafé

Cybercafés remain relevant in many parts of Nigeria, offering services like internet access, printing, and photocopying. Startup costs for equipment like computers, printers, and furniture range from ₦70,000 to ₦150,000.

Location is crucial—proximity to schools, business districts, or residential areas can boost customer traffic. Daily earnings range from ₦5,000 to ₦15,000, depending on the services offered.

7. Bakery

The bakery business in Nigeria is highly profitable due to the consistent demand for bread, pastries, and other baked goods.

Startup Costs: Setting up a bakery requires an initial investment of ₦200,000 to ₦1,000,000 for equipment such as ovens, mixers, and baking pans.

Daily Income: Well-established bakeries can earn between ₦10,000 and ₦30,000 daily. Bread remains a staple in most households, ensuring steady demand. Expanding your product range to include cakes, cookies, and meat pies can further boost revenue.

8. Laundry Services

Laundry businesses thrive in urban areas, catering to busy professionals and residents who prefer outsourcing their laundry.

Startup Costs: Basic equipment like washing machines, irons, and detergents costs between ₦100,000 and ₦300,000.

Daily Income: Located in residential or commercial zones, laundry services can generate daily profits of ₦2,000 to ₦5,000, with higher earnings during peak periods. Regular customers ensure a steady income.

9. Barbing Salon

Barbing salons offer grooming services and cater to a broad demographic, making them a profitable venture.

Startup Costs: Initial investment for clippers, chairs, mirrors, and other salon equipment ranges from ₦100,000 to ₦500,000.

Daily Income: Depending on location and service quality, salons can earn ₦5,000 to ₦15,000 daily. High-traffic areas, such as markets or busy streets, attract more customers.

10. Car Wash

The car wash business is lucrative, especially in urban areas with high car ownership and busy lifestyles.

Startup Costs: Equipment such as power washers, brushes, and cleaning agents costs between ₦150,000 and ₦300,000.

Daily Income: Located in high-traffic areas, car washes can earn ₦8,000 to ₦15,000 daily. Strategic positioning and excellent service can lead to even higher revenues.

11. Egg Production

Poultry farming, particularly egg production, is a profitable agribusiness with steady daily income potential.

Startup Costs: Costs include purchasing chicks, feeding, and constructing a farm setup.

Daily Income: Eggs are in constant demand for consumption and as ingredients in food production. Small to medium-sized farms generate consistent daily profits, depending on production scale and market reach.

12. Online Tutoring

Online tutoring offers a flexible and profitable way to provide educational support to students.

Startup Costs: Minimal—usually a computer, internet connection, and teaching materials.

Daily Income: You can charge competitive rates depending on your subject expertise and the educational levels you cater to. With the growing demand for personalised learning, this business has significant income potential.

13. Photography

Photography remains one of the most lucrative creative ventures in Nigeria, catering to events like weddings, birthdays, and corporate functions.

Startup Costs: A professional camera, lenses, lighting equipment, and editing software require an initial investment of ₦150,000 to ₦500,000.

Daily Income: Depending on the service offered, a photographer can earn between ₦10,000 and ₦50,000 per event. Expanding services to include studio portraits and printing can generate additional daily income.

14. Mobile Phone Repairs

With smartphones becoming indispensable, the demand for repair services continues to grow.

Startup Costs: Setting up a repair shop requires ₦50,000 to ₦200,000 for tools and spare parts.

Daily Income: Skilled technicians can earn ₦2,000 to ₦10,000 daily, depending on the number and complexity of repairs. High-traffic locations like markets, business districts, and universities ensure a steady stream of customers.

15. Poultry Farming (Broilers)

Raising broilers for meat is a profitable agribusiness with quick returns due to the short growth cycle of six to eight weeks.

Startup Costs: Initial expenses include chicks, feed, and housing.

Daily Income: Farmers can generate steady earnings as broilers grow and are sold in batches. Profit margins vary based on production scale and market prices, but the high demand for poultry meat in Nigeria ensures consistent income.

Conclusion

Nigeria has a lot of daily businesses that make money. You just need to be honest in what you do, do it every time, work hard, and have the right information to carry out the process.

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.

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