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50 Profitable Daily Income Business Ideas in Nigeria 2022/2023

  • October 26, 2022

With the speedy increase of the issue of unemployment in Nigeria, a lot of people now seek businesses to start and make money. Not just any type of business but daily income business.

There are lots of daily income businesses that you can start with extremely low capital in Nigeria and make a substantial amount of money. 

Whether you’re a student looking for a side hustle that makes money daily, a graduate or non-educated seeking how to make money every day in Nigeria both online and offline, or even a stay-at-home mom, this post houses 50 of the best daily income business ideas in Nigeria. Check them out below.

Daily Income Business Ideas in Nigeria

Here are some of the most lucrative daily income businesses that you can start in Nigeria.

1. POS Business

POS daily income business

The first daily income business on the list is the POS business. This business is one of the fastest-growing and most profitable ventures right now in Nigeria.

POS business generates money day in and day out, and it can be started by anybody whether male or female, student, graduate, non-educated and even housewife. On average, POS agents make around 5,000 Naira in profit daily.

Read Also: How to Start a POS Business and Make Up to 20K Daily

2. Foodstuff Business

Foodstuff business is a very lucrative one to venture into as it is easy to start and can be operated anywhere in the country. Since food is a must for survival on a daily basis, foodstuff sellers make money every day.

This business is easy to start, easy to operate, and doesn’t require huge capital to start. You can start with as low as 50,000 Naira and make up to 5,000 Naira and above in profit daily.

3. Recharge Card Business

Selling recharge cards is an easy-to-start daily income business in Nigeria that makes a lot of money from little startup capital. This business moves fast as there is high demand for recharge cards to make calls and buy data.

You can start a recharge card business in Nigeria with about any amount. Although the profit margin is not that great, with the quick sales it drives, on average, you can make up to 3,000 Naira daily. This business is good for students and young entrepreneurs who do not have a huge amount of money to start a big business.

4. Food Restaurant Business

It’s obvious that we all eat every day, and more than 70% of Nigerians eat outside (i.e restaurants or mama put). This makes the food restaurant business another lucrative daily income business in Nigeria that can be started in any part of the country.

Although you need to be a good cook and also have reasonable capital to start this business, the profit margin is insane, as you can make up to 100% ROI from a food restaurant. 

5. Betting Shop

Opening a betting shop is also a source of guaranteed daily income in Nigeria. Nigerians are fond of gambling not only on football, but other sports, and when it comes to virtual betting, you definitely will find addicts anywhere in the country.

This business is very easy to start, as it only requires some registrations with a betting company and getting all that is required to get started including computer sets, and a shop in a busy area. Betting shop business is very profitable as there’s a lot of money to be made, especially on weekends.

6. Phone Charging Business

With bad, unstable, or even unavailability of power supply in most parts of the country, a lot of people find where to charge gadgets like phones, mp3 players, power banks, and so on, thereby making commercial charging business a good one to look into while looking for a business that makes money daily.

Phone charging business is very easy to start as you just need a generator, a couple of extension boxes and charges, and also a shop to get it off the ground. All these can be arranged with less than 200K, and in return, you can make 5,000 Naira daily on average from this business.

7. Food Delivery Business

Food delivery business, also known as a dispatch rider business is an untapped daily income business in Nigeria that could make you hundreds of thousands every month.

Although it is capital intensive, and also requires some skills including bike riding skills and networking skills to start, you can make a fortune becoming a delivery guy in Nigeria.

This business is very easy to scale and is also easy to operate. It involves carrying food from sellers (usually cook-on-demand restaurants), then delivering it to buyers, and getting paid.

See Also: How to Start a Successful Dispatch Riders Business in Nigeria

8. Popcorn Business

Making popcorn for sale is another source of daily income in Nigeria, as popcorn is a popular snack loved by everybody. This business is very easy to start, although you need to know how to make popcorn to get started.

From renting a shop for the business to starting from home and marketing your products in schools, events, and workplaces, there are different ways to operate a popcorn business in Nigeria. With this business, you can make up to 10,000 Naira profit per day if done the right way.

Learn More: How to Start a Popcorn Business and Make Up to 10K Daily

9. Frozen Food Business

Frozen food business is another untapped daily income business idea in Nigeria. This business involves selling frozen foods including turkey, chicken, fish, etc.

Sellers of frozen foods make a lot of money on a daily basis as there’s high demand for all kinds of frozen food mainly by restaurants and housewives.

10. Phone Accessories Business

Selling phone accessories is one of the most underrated daily income businesses in Nigeria. People know the Igbos to be the most popular in this business, although it can be started by anyone in any part of the country.

This business involves selling accessories including chargers, batteries, phone cases, and earphones, as well as power banks, memory card chips, and mp3 players. Whether you hawk with a wheelbarrow or open a shop to display your product you’ll make sales every day from this business.

See Also: How to Start a Profitable Phone Accessories Business in Nigeria

11. Okrika Business

Okrika business involves the sales of London used clothing including shirts, trousers, shoes, bags, socks, and so on. This business is popular in most parts of the country because of its high-profit margin.

Okrika or bend down select is in high demand as a lot of Nigerians prefer it over new clothing materials, although it is mainly due to financial reasons. That means there’s always a market for the business.

To start this business you’ll need around 100,000 Naira or so, then look for Okrika depot in your area, e.g they are mainly located at various rail lines in Lagos. Then buy in bulk, and start selling at retail prices.

The profit of this business is not stable, as the money you’ll make depends on the type of goods you have. Some full sacks of Okrika do make up to 300% ROI and above. That is if you buy a sack worth 50K, you could make up to 150K in return.

12. Transportation Business

Transportation business is one of the oldest sources of daily income in Nigeria. It involves conveying passengers from one place to another by road. This can be interstate, within a state, or a town.

This business can be operated using buses, bikes, and tricycles. To start this business you’ll need to get any of those, then employ a driver who will be delivering daily after work.

Learn More: How to Make 100K Daily Starting a Transportation Business in Nigeria

13. Bakery Business

Bakery daily income business

Bakery in Nigeria is just like a restaurant. Nigerians consume bread a lot, so opening a bakery to make bread is also a good daily income business idea in Nigeria.

This business is capital intensive, that is you need a lot of money to start. Also, you must acquire baking knowledge to open a bakery in Nigeria.

Read Also: How to Start a Bakery Business in Nigeria

14. Cooking Gas Business

With almost every household now using a gas cooker to do their cooking, gas refilling business is a fast-moving daily income business in Nigeria. Anyone can start this business anywhere.

The amazing thing about the gas refilling business is that it can be started on a small scale (little capital) and a large scale (huge capital). The profit of this business is massive, as a day can’t go by without making sales.

15. Cosmetics Business

If you’re looking for daily income business ideas for women in Nigeria, the cosmetics business is a good one to try. This business involves selling all kinds of cosmetics and beauty products such as foundation, powder, mascara, lip gloss, etc.

With makeup being one of the things that a lot of Nigerian ladies can’t do without, getting sales is easy in the cosmetics business. You can start your cosmetics business from home selling online or rent a shop for the business. The profit margin of cosmetics business could range from 30% to 50%, and it doesn’t require millions of naira to start.

16. Electronics Business

Another daily income business that Igbo people are well known for in Nigeria is the sales of electronics. This business is very profitable, easy to start, and also highly scalable.

Although the electronics business is capital-intensive, it can be started by anybody in any part of the country. The business comes with a high-profit margin and moves fast, especially in busy areas.

Related: 35 Lucrative Businesses to Start With 50K in Nigeria

17. Rental Business

Rental business involves the renting out of stuff including canopies, chairs, tables, pots, etc on a daily basis for an exchange of payment. This business is ideal for people in parts of the country like the southwestern part where ceremonies are done frequently.

18. Laundry Business

Laundry

Laundry business is a lucrative daily income business that can even be done as a side gig. The increase in demand for laundry in Nigeria has made the business very profitable all over the country as you can render a laundry service at N500 per shirt or N2000 per suit.

Whether during weekends or weekdays, you’ll always make sales from this business as there are lots of people wanting your services. These include professional workers like bankers, doctors, lawyers, politicians, and entrepreneurs, as well as businesses like hotels.

Although not much money is required to start this business, it could be stressful especially when you have to do it all by yourself. However, if you have reasonable capital, you can employ workers that will be responsible for washing, ironing, and pickup and delivery respectively.

Learn More: How to Make Up to 600K Monthly Starting a Laundry Business

19. Pure Water Business

In Nigeria today, the purest water you can get for cheap prices is sachet water, and since we all need water to survive, selling pure water is a good source of daily income in Nigeria.

From starting as a retailer and/or wholesaler to opening a pure water factory, there are lots of ways to approach this business. Although the capital needed to start varies depending on the type you start, the profit margin could range up to 200%.

20. Skincare Products

Just like the cosmetics business, selling skin care products is also a good daily income business in Nigeria that mainly appreciates women entrepreneurs.

This business involves selling all kinds of skin care products including moisturizing creams, anti-acne creams, tubes, bathing soaps, etc. Since all these products are used both by men and women, a day can’t go by without making a sale.

21. Gaming Shop Business

If you’re looking for a daily income business in Nigeria for students, opening a gaming shop where people come to have fun playing their favorite games is a good business to start in any part of the country.

This business requires not much but a reasonable startup capital, as you’ll need to buy TVs, and game consoles, to get started. As a student, you can start the business opening after school or lecture, as the business moves well at night.

In many parts of the country, about 50 Naira is charged per game from both players, so there’s a lot of money to be made. On average, gaming shops make anywhere from N2,000 to N5,000 daily.

22. Barber Shop

Opening a Barbing salon is another fast-moving and highly profitable business that generates income day in and day out in Nigeria. The profit of this business is massive on a daily basis as you can make anywhere from N2,000 to N10,000 daily.

This business requires a relatively huge startup capital and also barbing skills to get started. OT can be started from anywhere and by anybody as ladies too now own barbing salons in some parts of the country.

Related: 35 Profitable Businesses to Start With 100K in Nigeria

23. Hairdressing Shop

Just like the barbing salon business, opening a hairdressing shop is also a source of daily income as you can make up to 50K from the business daily. Although that depends on how big your business is and your location.

A reasonable capital is required to start the business. You also need to acquire hairdressing skills to start the business in Nigeria.

24. Soap Production

Soap production, especially liquid, is a good business that makes money daily with an impressive profit margin. A lot of people now use liquid soap for washing plates, so the demand for the product keeps rising, thereby generating a lot of money for sellers.

Since the materials needed to make liquid soap are readily available, the cost of starting the business is not much. On average, sellers do make at least five sales daily.

25. Car Wash

Car wash daily income business

Car wash business is also one of the oldest ways of generating money on a daily basis. This business involves washing all kinds of automobiles in exchange for payment.

On a small scale, car wash business can be started with about any amount, while as a standard car wash you may need about hundreds of thousands to start the business in Nigeria. The business is very profitable as the need for car wash services keeps increasing due to the increase in the use of cars in Nigeria. You can charge up to N3000 or more per car wash.

26. Spare Parts Business

In regards to the increase in the use of automobiles mentioned above, there’s also been a high demand for spare parts for cars, motorcycles, and even tricycles on a daily basis. Therefore making a spare part business a good business to start in Nigeria if you want to make money every day.

This business involves selling automobile parts. To start, you’ll need to decide what type of automobile market you want to venture into. Just do your findings and go with the one that sells well in your area.

27. Engine Oil Business

Engine oil business is also a good source of daily income in Nigeria. This business moves fast in many parts of the country, as the product is used for all kinds of engines.

You can start an engine oil business both on a small scale and a large scale. That is regardless of the amount you have to start a business, the engine oil business is welcoming. The business is very profitable and moves fast.

28. Photography Business

You may be wondering how the photography business is a source of daily income, I guess! If done the right way you can generate tens of thousands of naira daily as a photographer in Nigeria.

This business requires low startup capital, and also, you need to acquire some skills to start. To make money daily from this business you’ll need to attend events, take pictures of people and seek money for printing. As long as there are events, photography business is still relevant in Nigeria.

29. Distributorship Business

If you have a reasonable amount of money and seek what daily income business to start in Nigeria, becoming a distributor is not just perfect, but could make you millions of naira in return every day.

This business involves partnering with manufacturing companies such as Dangote Cement, Yale Foods, Coca-Cola, Chivita, and so on, getting goods from them, and distributing them to wholesalers and retailers.

This business is not as easy to start as others on this list but makes the most money. You can make a lot of money daily as a distributor. For example, if a full truckload of Dangote cement is 2 million Naira, you can distribute it to retailers, and make 2.5 million, keeping 500K as profit daily per truck.

Learn More: How to Become a Distributor of Big Companies in Nigeria

30. Soft Drinks Business

Just like the pure water business you also make money daily selling soft drinks in Nigeria. A lot of Nigerians take soft drinks as refreshments, thereby increasing the demand for the product.

You can start the business from anywhere in Nigeria, as it doesn’t require a lot of money to start. To start you’ll need a cooler for icing the drinks, then serving them chilled to customers. You can make up to N1000 per crate, therefore your profits depend on the amount of crates sold daily.

Read Also: How to Start a Profitable Soft Drinks Business in Nigeria

31. Logistics Business

Logistics business is another daily income business in Nigeria that requires reasonable startup capital, but is massively profitable. This business deals with conveying goods from one location to another. It is just like the transportation business, but here you’ll be transporting goods instead of passengers.

The rise of ecommerce in Nigeria has led to high demand for logistics companies in the country. As a logistics company working with ecommerce businesses, you’ll be dealing with product shipment (delivery) from sellers to customers. Logistics companies do charge a lot of money for delivery service, so there’s a lot of money to be made here.

Learn More: How to Start a Successful Logistics Company in Nigeria

32. Blogging

If you’re looking for an online daily income business to start in Nigeria or you’re looking for daily income business ideas for students in Nigeria, blogging is a good one to try.

Blogging involves sharing ideas to make money online. This business is easy to start, not much money is required, and it can be started by anyone regardless of your location.

All you need to get started is a smartphone and a data connection, then, create your blog and start posting. To make money from it you can monetize it with display ads to earn a guaranteed daily income or affiliate products that pay whenever a purchase is made.

With blogging, you can earn life-changing money. On average, a blogger could earn anything from 20,000 naira to millions of naira daily.

33. Freelance Writing

Freelancing writing is also a good online daily income business for students in Nigeria. Also, non-students can start this business, as it involves writing articles and getting paid online.

To start, you’ll need to sign up for freelance websites like Fiverr, freelancer, Upwork, and so on, list your writing gig, and start making sales. At first, you may not make any money, but as time goes on and you start traction, you can keep getting new orders daily.

A lot of companies are willing to pay up to 100K per article. So, it is a good online business that can even be done on the side.

34. Open Bar/Beer Parlour

Beer parlor business is another business that generates a guaranteed daily income, as lots of Nigerians go to the bar after work to catch some fun and relax.

This business is capital intensive. That is it requires a reasonable amount of money to start, although the profit is massive, as one customer could spend tens of thousands of naira on assorted, and drinks.

35. Cook-on-Demand

Another untapped daily income business idea in Nigeria is the cook-on-demand restaurant business. This business involves cooking for people when they need it and having the food delivered to them using dispatch riders.

Breaking it down, this business works like this:

   “As the business owner, customers will call you to prepare food for them, and you’ll deliver it to them after you’re done”.

You can start this business right from your kitchen. All you need to do is find customers whom you’ll render your service. Banks and big firms are good places to get customers for this business.

The profit from this business is massive as you can make up to N2000 profit per food prepared.

36. Petroleum Business

Petroleum business is another high daily income business that requires huge capital to start. This involves building a filling station and starting to sell petrol, diesel, kerosene, and so on.

This business is massively profitable, but it requires millions of Naira to start. So, if you’re looking for small daily income businesses to start, you would want to go with others.

Related: 70 Lucrative Businesses to Start With 500K in Nigeria

37. Sell E-Books

Another online business that could make you money every day is the e-book business. This business involves writing informational and high-quality content, then selling it online. This can be tutorials, stories, etc.

Amazon KDP is a popular platform for this business in Nigeria. In fact, a lot of people know this business and KDP business in Nigeria. This business is great for everybody, as it is also a good source of passive income. You can publish a book and keep making money from it every day for years (even lifetime).

38. Become a Graphic Designer

Graphics design is just like freelance writing where you offer your skill online in exchange for money. Here, you can get paid to design graphics such as logos, banners, social media posts, thumbnails, etc.

To start, you need good graphic design skills, then offer the skill online on freelance websites like Fiverr and Upwork, and get paid. If your service is great, you can start getting orders day after day and making a good amount of money from the business.

39. Become a Video Editor

Video editing is another skill you can use to make money online on a daily basis. You just need to acquire the skill, list your gig on Fiverr and/or Upwork and start getting orders.

40. Charcoal Business

Charcoal

Charcoal business is one of the most underrated daily income businesses in Nigeria. Although gas cookers have made use of charcoal decreased in Nigeria, you can venture into the business as an exporter.

In Nigeria, some households still use charcoal to do their cooking, especially when there’s inflation in the price of cooking gas, you can make a lot of money selling charcoal. You can also export charcoal to foreign countries to make money, although this won’t make you money on a daily basis.

Learn More: How to Start Charcoal Exportation Business with Low Capital

41. Juice Production

Making fruit juice is another way to make money every day in Nigeria. This business moves fast, and it’s still slightly untapped as it requires juice making skills to get started.

The juice production business involves making juice such as zobo, orange juice, etc. Making kunu also falls in this niche, as many Nigerians consume these the most.

You can start this business in any part of the country. It doesn’t require a lot of money to start, but as a consumable substance, you may need to register with NAFDAC before starting, especially on a large scale.

42. Fruit Business

You can also make daily income in Nigeria by selling fruits. From starting with a roadside shop to packaging a variety of fruits in one container, there are lots of ways to run this business.

Although this business has been around for a long time, with the new way of running the business, it is more profitable than ever. It requires little capital to start and makes a lot of money daily, weekly, and monthly.

43. Buy and Sell Crypto

Trading cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, BNB, and so on is a good online daily income business that anyone can start from anywhere in Nigeria.

Although due to the high risk in trading, daily profits cannot be guaranteed like other businesses on this list. However, if you get things right, you could be making millions of naira daily buying and selling crypto online.

44. Small Chops Business

Starting a small chops business where you bake/fry stuff like puff puff, yam, potato, plantain, and so on, is another daily income business that surely makes money every day. Regardless of your gender or location, you can start this business and make a lot of money.

45. Affiliate Marketing

Affiliate marketing is another online business you can start and make money daily in Nigeria. This business involves recommending other people’s products and getting a commission whenever the person you tell about the products purchase through your referral link.

With a good knowledge of the business, you can make money every day as an affiliate marketer in Nigeria. You can earn up to 90% commission per sale. For example, if a product is worth N50,000 and the referral commission is 30%, that is you’ll earn N15,000.

46. Open a Gym

With Nigerians now starting to prioritize fitness, opening a gymnasium could make you a lot of money daily in Nigeria. This business is capital intensive, but it is very profitable. You can charge up to N1500 and above per person daily, and since it is something that they need they’ll keep coming back every day, and you’ll be making money every day as well.

47. Tailoring and Fashion Design

Learning tailoring could take time, but is a good way of making money daily in Nigeria. The tailoring business is very profitable and moves fast. This is because Nigerians still value native clothing, especially for occasions.

To start this business you just need to acquire a tailoring skill, get a shop, and get started. Whether it’s repairing clothes, it is hard not to get some work done daily as a tailor.

48. Start a YouTube Channel

Starting a YouTube channel involves posting videos on YouTube and making money from them. Till now, I guess some people still don’t know that their favorite Youtubers make money daily from the videos they post.

Just like blogging, you can start a YouTube channel and monetize with Adsense, where you get paid whenever someone watches your video.

You can start a YouTube channel with zero capital, as all you need is to know how to make videos, then you can start making money once you meet the YouTube partnership program requirements.

49. Open a Cyber Cafe

Whether it’s just photocopying, or printing jobs, a day can’t go by without having something to do to make money in a cyber cafe. This business is very profitable, as there’s no limit to the amount that you can make. Although it requires you to be computer literate, and also have a reasonable capital to start.

50. Ice Cream Business

Ice cream business is also a great source of daily income in Nigeria. This business moves fast in any part of the country, although Abokis are commonly known to engage in it since to sell ice cream in Nigeria you need to hawk with a wheelbarrow.

To start this business you need to find an ice cream depot, and apply to be a vendor, then you’ll be assigned a bike or wheelbarrow to use as your shop. Then, you can start selling and getting paid at the end of the day based on the amount of sales made.

This business is very much underrated in Nigeria, but on average, you can make up to 5,000 Naira daily selling ice cream. If you can create your own business place (e.g finding a spot in a market square), you don’t even need to hawk to make the most money.

Conclusion

Waiting till the end of the month before getting paid could be frustrating sometimes, so starting a daily income business in Nigeria would be a good solution to this. With all the daily income businesses provided for you in this post, I believe you should have found the best one for you by now.