51 Most Lucrative Business Ideas for Students in Nigeria

Are you thinking of starting a lucrative business in Nigeria as a student or youth and you do not know wish business ideas that are good for you? You do not know profitable business ideas that you can invest your capital in that can be a source of income for you? In this article, I am going to be sharing with you different business ideas that are profitable in schools in today’s economy.

Some of the lucrative business ideas are small-scale businesses; some are medium-scale businesses, and some are large-scale businesses. You can go into any of these profitable business ideas depending on the capital you have as a student living in Nigeria.

Also, some of these business ideas can be started on your campus anywhere in Nigeria or it can be outside the campus.

53 Lucrative Business Ideas for Students in Nigeria

Are you ready? These are the top lucrative and profitable business ideas you can go into as a student in Nigeria and make money.

1. Sales of Past Questions

This is one of the top business ideas in Nigeria for students. It is no doubt that past questions are very important for today’s students to pass university. They need past questions to understand on average what they expect from their exams. They also need past questions to understand how questions for courses are set.

This is where you come as a businessman or woman. You can gather past questions of different courses, photocopy them, and staple them together to sell to students. Past question sales are one of the business ideas you should think of or start on campus as a student.

This profitable business is a small-scale business but it is a good business idea in Nigeria because students will do and pay any sum to pass their university exams.

2. Sales of Past Project Materials

This is another business idea for students that want to start a profitable business in Nigeria. And this is because there’s a high need for project materials on the campus especially for students in their final year. The demand for this business is high on campus because students do not want to stress themselves when it comes to writing their final year projects.

They want past project topics and materials that will make things easy for them. This is why this business is a profitable business idea in Nigeria.

3. Wrist Watch Business

I was once into the wristwatch business when I was in school and I must tell you I really made lots of money from it. In fact, I used some of the money to sponsor my education. Wristwatch business is another top business idea for students in Nigeria if you have the capital to start the business.

4. Shoe Business

If you are a female student in Nigeria the sales of women’s shoes is another business idea for you. Ladies like to be trendy and they always want to spend money to look good so a small scale shoe business will in school help you make huge profits. All you need is to buy these shoes in the market and take them to campus to sell.

How much you make from your shoe business depends on the capital you put into it and how you’re able to market it.

5. Recharge Cards Business

Sales of data and recharge cards is another top business idea in Nigeria for girls and guys in school. This business is perfect for those who want to sell something in school and do not want to be carrying loads everywhere. All you need for this business is a little capital to start and the zeal to continue selling despite the facts that profits are not that huge until students start recognizing you.

6. Perfume Oil Business

Perfume oil business is a lucrative business idea for students if you are able to discover where you can be buying your perfume in retail and sell them to students at good prices. Perfume business can be a small-scale business in Nigeria or a large-scale business. It depends on how much you want to use as your starting capital.

Perfume oil business is also one of the business ideas in Nigeria you can start on a low capital. Here is the guide on how to start perfume oil business in Nigeria.

7. Sandals Business

Sandals business is not a daily income business in Nigeria but it can surely take care of your daily needs as a student. You can make money selling sandals to your fellow students and lecturers. You can also start your sandals business with any capital you have at hand. There are different sandals businesses in Nigeria you can go into as a student.

8. Wig and Attachment Business

This business is a profitable business in Nigeria especially if you are a woman or lady. You can either learn how to make wigs or simply buy them from a supplier to resell. The wig business is a lucrative business in Nigeria because Nigerian women love fashion. Many women prefer to wear wigs to school or to work instead of plaiting their hair.

Read our guide on how to start hair extension business in Nigeria for more tips on this.

9. Cosmetics Business

Are you a student in Nigeria? You are passionate about the fashion business and you are a woman or lady you can start a small-scale cosmetic business in your school. You just need to be able to locate the market where you can be buying your cosmetics at the lowest price and sell them in school.

Read our article on how to start cosmetics business in Nigeria for more guide on this.

10. Phone Accessories Business

Phone accessories business is a daily income business in Nigeria for those that are able to rent a shop in the right area. Starting a phone accessories business on campus is a profitable business in Nigeria if you are able to rent a shop on campus to sell your phone accessories.

The phone accessories business is a profitable business idea in Nigeria if you are willing to invest huge capital. You can also sell laptop accessories alongside your phone accessories business it depends on you. Here is our guide on phone accessories business in Nigeria. Read it for more information.

11. Sales of Course Materials

The sales of course materials is another lucrative business in Nigeria for students that want to make money in school. This is because university students cannot do without it. They need course materials to read the courses they offer in school and to pass exams. The sales of course materials is a profitable business because the business is a high-demand business idea in school.

However, you need capital to rent a shop on campus and buy other equipment like a laptop, A4 papers, photocopy machine to start this business.

12. Comedian or MC

Being a master of ceremony or a comedian is a service rendering business in Nigeria that can make you money in school. Although this service rendering business cannot be done every day, you can still make good money that will sustain you for the days you will not work. Another benefit of this service rendering business is it will also make you popular in your local school.

Being a comedian is one of the businesses that you can start with low capital in Nigeria. Here is our guide on how to become an MC in Nigeria. In this article, you will learn everything you need to know about being a master of ceremonies in Nigeria.

13. Tutorial Business

Tutorial business is another best business idea for students in Nigeria. It is a service-rendering business that does not affect your lectures and play time. With the ability to teach and pass knowledge to people, you can start making money from tutoring. In tutoring, you can teach skills acquisition, academics, music, and art.

14. Graphic Design Business

This is an online business in Nigeria as students can do this business from the comfort of their homes or hostels. They can also make money offline by doing some graphic design jobs for their friends. A graphic design business is a business idea that is good for techy students.

You can start a graphic design business in Nigeria today if you have a laptop or phone you can use to learn the business and start making money. Here is our step by step guide on how to become a graphic designer in Nigeria.

15. Photography Business

Photography business is another business idea in Nigeria students can go into. To start a photography business you need to know how to handle your camera and you also need to know how to edit pictures. You can make money from the photography business whether as a photo editor or as aphotographer.

A male or female student can go into the photography business. It does not matter who you are as long as you have the skills. Read our guide on how to start a photography business in Nigeria.

16. Barbing Salon Business

Barbing salon business is a daily income business in Nigeria it is also a service rendering business. This business is good for both men and women but guys do it a lot. To start a barbing salon business in school you need to have capital and you need also need to become a professional barber.

However, even if you cannot barb you can still start the business as long as you have a starting capital. Read our article on how to start barbing salon business in Nigeria.

17. Bread and Egg Business

Bread and fried egg business is a lucrative snack business, especially on school premises. It is one of the best business ideas recommended for guys and girls that can cook and want to make money from their passion. To start a profitable business like this you need a good location on campus to rent a shop or space, cooking equipment, cook ingredients, and more. All this demands capital.

18. Indomie and Egg Business

Indomie and fried egg is another snack business in Nigeria that looks like a restaurant business. In this food business, you can either make this food as take away or your customers eat in your shop. To start indomie and fried egg business in school you need capital to rent a shop, buy cooking equipment, cooking ingredients, and more.

This business is a high-demand business in the aspect of time so you might need to start it with a business partner. It all depends on you. Read our post on how to start an indomie distribution business in Nigeria

19. Clothing Business

Clothing business is common among private university students in Nigeria. There are many options you have when it comes to the clothing business and every part of it is lucrative. You can go into the t-shirt business, jeans business, underwear business, native wear business, and others. All these aspects of clothing are good for both men and women.

The clothing business is a high-capital business so you will need to get your huge capital before starting. Read our post on how to start a clothing business in Nigeria.

20. Earrings and Bracelet Business

The earring and bracelet business is just like the wristwatch business but it is a bit different. It is another untapped business in Nigeria. It is suggested as a business idea for students in Nigeria because it is easy to start and it yields profits faster. Imagine buying an earring for #1000 in the market and you are able to sell it for #3,000 or more is that not a huge profit?

You can start a small-scale jewelry business with #50,000 and as time goes by expand the business. The earring and bracelet business is a good business idea in Nigeria for students that do not want to carry heavy loads and still want to do buying and selling business.

21. Content Writing and Editing

Do you have a laptop and you want to make money from your hostel or school premises without leaving? You should consider this online business. Content writing and editing business is now becoming a profitable venture for students that want to make money from it. It is a good business idea because it does not demand capital or hard labour.

It just demands a laptop, the ability to use SEO, and the ability to write. Read our article on how to become a content writer in Nigeria.

22. Laundry Business

Laundry and dry cleaning business is another business idea in Nigeria for a student that is profitable. It is also a lucrative business idea in school because many students do not have time to wash clothes. They are too busy attending lectures, studying, and partying. So due to this, you can start a laundry business in your hostel and as goes by you can expand the business by renting a shop.

Laundry and dry cleaning business is a low-capital business so you do not need much to start the business. Read our guide on how to start laundry business in Nigeria.

23. Smoothie and Fruit Juice Business

Nutrition is very important as a student especially if you are a student in Nigeria. The stress you get in lecture halls and even examination halls are enough to make you sick. This is why the smoothie & fruit juice business is another business idea you should consider in Nigeria as a student.

This business idea is not saturated on campus so you can be rest assured that you will not have a competitor. To start a smoothie and fruit juice business in Nigeria you will need capital to rent a shop, buy kitchen equipment and buy the fruits needed for the business. Read our article on how to start smoothie business in Nigeria.

24. Transport Business

Do you have huge capital and you are studying at a university that lacks an adequate transport system? You can start a transport business in your school. All you need for this is your huge capital to buy the vehicles. These vehicles could be tricycles, mini-bus (korope), cars, or bikes. It depends on what the university wants and how many vehicles you can buy.

You also need to register with the university transport system before starting the business. Read our post on how to start transport business in Nigeria.

25. Phone Repair Business

All students use phones. They need it to communicate with one another, browse the internet for information, and read their courses. At one point or the other, these phones or their accessories will develop faults and will need replacement. This is where you come in as a student who wants to start a business in school.

You can learn how to repair phones and start repairing the phones of your fellow students. Phone repair business is a small-scale business so you do not need a huge capital to start the business. Read our guide how to start phone/laptop repair business in Nigeria.

26. Necklace Business

The need for fashion cannot be underestimated by students. Just as the female students are fashionable the male students are also fashionable. The necklace and bracelet Business is another profitable business idea for students in Nigeria and the best part of this business is it is a low-capital business.

27. Foodstuff Business

Food is very important for students, lecturers, and other staff on the campus. And despite the fact that there are restaurants there are still students that prefer their home-cooked meals. This is why the foodstuff business is another business idea in Nigeria for students that want to go into business.

To start a foodstuff business in your local school you need capital to rent a shop and buy the foodstuffs you want to be selling.

28. Computer Business Center

Photocopies, lamination, typesetting, printing, and more are needed in Nigerian schools due to the analog registration and documentation processes we still practice. This is why many schools cannot do without business centers.

You can start a business center in any university in Nigeria by getting all the equipment needed and renting a shop. Here is a guide on starting a computer business center in Nigeria.

29. Fruit Business

Fresh fruit business is another business idea in Nigeria for students. You can start this business with a little capital. All you need is a good location on campus and a proper store to store your fruits to stop them from spoiling. Read our article on how to start fruit business in Nigeria.

30. Gift Store Business

A gift store business is also a profitable business idea in Nigeria for students. This is because Nigerian students are mostly in relationships and in these relationships, they buy gifts for themselves. This is where the need for a gift store business comes into place. You can make huge sales in your gift store business, especially on days like valentine’s Day and on Christmas days.

With a little capital, you can start a gift store business on your local campus. You just need to rent a store and know where you will be buying your gifts.

31. Stationery Business

Books, pens, pencils, erasers, rulers, and other writing materials will always be needed to study in Nigerian universities. Many of these writing materials cannot be avoided. You can start your own stationery business with a little capital depending on what you have and the university in Nigeria you want to start the business.

32. Phone Charging Business

Phone charging business is another profitable business idea in Nigeria for students thanks to the epileptic power supply in the country. You can make profits from this daily income business if your phone charging business is in the right area on campus. If your charging center is at the right place students will always come to charge their gadgets.

You do not need huge capital to start a phone charging business in Nigeria as all you need is a shop, generator, phone chargers, and some extensions. Read our post on how to start phone charging business in Nigeria.

33. Phone Business

Students of today cannot do without phones. In fact, it is rare for you to see a student who is able to pass through the 4 walls of a school without a phone. Phones are very important. We need them to communicate and to read beyond the 4 walls of the school. A student’s phone can be stolen thus a need for replacement or they might want to upgrade to a better one or they might simply want to buy another one.

Instead of going outside school to buy these phones, they can simply come to your shop on campus to buy their phones. This is where you come in with your phone business. All you need is to buy these phones or be an agent that will sell phones on behalf of phone countries and make your money.

Phone business is another top business idea in Nigeria for students who have the capital to start it. Read our article on how to start phone business in Nigeria.

34. Computer Training Center

This is another business idea that is a service-rendering business in Nigeria. Despite the fact that students are in school to face their studies some of these students still want to learn computers. They want to pass through computer training to be able to make money. An example of this is a student that wants to become a graphic designer.

This student among other students will need your services. This is where your computer training center comes in. When you start a computer training center business on campus you can make money teaching students computer skills. Read our post on how to start computer training center in Nigeria

35. Creative Art Business

Art business is another hot business idea in Nigeria for students that are good at art and crafts. If you can draw you can make money in school selling your sculptures, portraits, paintings, and more. You do not need a huge capital to start an art business in school. All you need is the skill and how to advertise your drawings.

The best part about this business is even people outside your campus will buy from you.

36. Handbag Business

Handbag and schoolbag business is another business idea for students, especially in public universities. This is because students cannot do without bags. They need handbags & Schoolbags to carry their course materials around in school. Female students also need handbags to look trendy.

With a capital of #300,000 – #500,000 you can start a handbag business or a Schoolbag business in school. Here is our post on how to start handbag business in Nigeria.

37. Black Soap Business

Looking good is good business not just to Nigerians outside school but Nigerians in school. This is why there is a huge demand for beauty soaps and creams. This demand is high amongst the girl and lady students. So you can start this business as a female student if you know about soap and how to mix them together for different skin conditions. This business demands more of your skills than capital.

38. Provision Business

A provision store business will never go wrong as long as there are people around. This is the same with starting a provision store business in school. Students will always need toiletries, foodstuffs, and more especially around their hostels. You can start a small-scale provision store business around these hostels and make money. Read our guide on how to start provision store business in Nigeria.

39. Bedsheet Business

Hostels in Nigerian universities are filled with different types of bunk beds. All these beds usually come with one bedsheet. And due to this many students will need to buy more bedsheets preferably designer bedsheets to use on their beds. This is where you come in as a student who is into the bedsheet business.

You can be buying these bedsheets from a local clothing market around you and sell them in school. Read our post on how to start bedsheet business in Nigeria.

40. Electronics Business

Hostels can be boring for students without electronics like TVs, radios, DVDs, and more. You can start an electronic business in your school to meet all these demands.

41. Akara and Bread Business

Akara and bread business is one of the easiest snack businesses in Nigeria you can go into as a student. It doesn’t require high capital to start and snacks are high in demand in schools because many students do not have time to cook in the morning before lectures. You can start akara and bread business and make them in the mornings and at night to sell to students. Read our guide on how to start akara business in Nigeria.

42. Bar Palour Business

Although the bar Business is popular on school premises you can still go into the business as a student. It is no longer deniable that students drink alcohol and soft drinks. You can start a soft drinks business or bar Business. You can start a soft drinks business on the school premises and start a bar business outside the school premises.

To start these drinks business you will need a capital of #500,000 – #700,000. Read our post on how to start bar/lounge business in Nigeria.

43. Cake Business

Cake business is another business idea in Nigeria for students that want to go into the confectionery business. The cake is a big deal on campus because students always celebrate their birthdays and they always celebrate it with cakes. You can start a birthday cake business or simply start a cupcake business in your school.

However, to start a cake business you need to be able to bake cakes. Check out how to start cupcake business in Nigeria.

44. Blogging Business

The blogging business is now a big business especially if you understand SEO and content writing. You can start a blogging niche that you know is profitable in school if you have the money to buy a domain name and you write plenty articles.

45. Event Management Business

Event management business is a service-rendering business in Nigeria. It is a business that any student can go into if they know how to manage people’s events. It might take time to develop your event management skills but you can prove that you are capable by managing small events first then as time goes you can go start managing bigger events.

The event management business is lucrative when people begin to recognize your professionalism and want to pay due to that. You do not need capital to start an event management business. Read our article on how to start event planning business in Nigeria.

46. Small Chops Business

You can never separate students from small chops, especially at birthday parties, school events, and more. You can start a small chops business in your local school to supply small chops to these even. Check out how to start small chops business in Nigeria.

47. Social Media Management

You can make money from the internet by becoming a social media manager. There are many companies and businesses on social media that need people to manage their profiles. You can apply to these companies to manage their social media accounts. Read our post how to become a social media manager in Nigeria.

48. Restaurant Business

Restaurant business is another business idea in Nigeria for students that want to make money cooking food due to the large population and lack of the ability for students to have time to cook. Restaurant business has now become a profitable business in schools. You can start a small-scale restaurant business in any traffic log area in your school. Check out how to start restaurant business in Nigeria.

49. Cleaning Service Business

Cleaning business is a profitable business idea in private universities in Nigeria. You can start a cleaning business in your school offering to clean students’ hostels. You do not need capital to start a cleaning business in your school. Read our guide on how to start a cleaning business in Nigeria.

50. Bakery Business

The bakery business is a profitable business idea in Nigeria for students that can bake. Due to the fact that students and lecturers like bread you can start a small-scale bakery business in your school. You can bake these loaves of bread in the size that you know the average student can afford and start selling them. Read our post on how to start a bakery business in Nigeria.

51. Pepper Soup Business

Pepper soup business is another food business that you can go into as a student in Nigeria. Because students like to wine and dine and mingle they will surely come to your pepper soup joint to drink your pepper soup. You can start a pepper soup joint in your local school by renting a shop, buying the cooking equipment needed, and buying your cooking ingredients.

Conclusion

There are many other business ideas that students can go into in Nigeria. However, there are the most lucrative ones proven over time. Bookmark this page as we will continue to update it regularly.

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