30 Profitable Daily Income Business in Nigeria 2023

Last Updated on August 13, 2023

Are you tired of the daily grind of a 9 to 5 job that barely covers your expenses? Do you dream of being your own boss, setting your own schedule, and making a decent income?

Look no further than the world of daily income businesses in Nigeria.

With a plethora of opportunities available, from selling goods and services to starting your own small enterprise, the possibilities are endless.

In this article, we’ll explore the exciting world of daily income businesses in Nigeria, the benefits of pursuing this path, and how you can get started on the road to financial freedom.

Lucrative business opportunities are abundant in Nigeria and you can take advantage of them. A lot of people in Nigeria are looking for a profitable daily income business in Nigeria that they can do full-time or even as a way to supplement their income.

This post is a breakdown of the daily income business in Nigeria you can do. For each of these daily income business ideas, it is important you know what you’re doing.

A great way to start is to create a business plan; Your business plan doesn’t have to be elaborate. It can be as simple as a one-page business plan, as long as it captures the important details.

Let’s find you a daily income business in Nigeria you can start as soon as possible.

Read: Best Business Ideas in Nigeria to Consider

List of Best Daily Income Business in Nigeria

Get ready to discover a new way of life where the sky’s the limit and your success is in your own hands.

Here’s a list of daily income businesses in Nigeria both online and offline you can start with as little capital as possible:

1. POS Business

POS business is one of the popular daily income business in Nigeria. With this business, small trader or merchant can use their existing business structure to help people living around them perform financial and banking transactions.

In essence, a POS business or mobile money agent makes cash available to people in exchange for a commission or fee through a POS machine.

If you live in an area where it is difficult to get to a bank or ATM and where a lot of POS agents do not exist, you can really make a daily income if you position yourself right.

Since every bank has a POS agent service alongside other financial institutions. You can join up to 3 of these POS Agencies so you can avoid downtime. Some of the popular and best POS business agents in Nigeria to join are GTB POS, OPay POS, Moniepoint POS, Kudi POS & BAXI POS.

Here is how to start a POS Business in Nigeria, what it cost and the requirements as well.

2. Food Restuarant Business

This list of daily income business in Nigeria would be incomplete without including the food industry, which has a massive constant demand.

A lot of people no longer make eat at home like they used, preferring instead to dine out because of work constraints and so on. If you are a good chef or cook, I recommend that you start this restaurant company. This is not just a business for women; men may also start it if they know how to cook or employ a good cook for the business.

You may also prepare quick fast food at your restaurant and offer cold beverages and water, all of which will allow you to supplement your income.

The food business can be very profitable because people eat food every day. However, a lot of restaurants still fail and close up because they had poor business strategies and tactics. A very important feature of the food or restaurant business is location.

Ensure your restaurant is located strategically in areas where students and workers can easily access it. And the most obvious one, your restaurant must be very hygienic and must make great food if you’re going to have loyal customers who keep coming back every day.

The Starting Cost of a food restaurant business is anywhere between N50,000 to N300,000. The business requirements include; Space, Good cook, Cooking & serving utensils, and diverse Menu tables & chairs.

3. Food Delivery Business

If you’re not interested in starting a restaurant but you want to be in the food business, a home food delivery business is a great daily income business in Nigeria for you.

If your meals are usually complemented because you’re a great cook, then you could cook for others as a home service, and train them in cooking.

You can use word of mouth to market your new home food delivery starting with friends and family. You can also deliver to offices or even events. it’s up to you how you’ll run this business.

See: Business Ideas for Ladies in Nigeria

4. Catering & Bakery Business

This business is lucrative because people would always need food. If you are passionate about cooking, then you need not waste any more time.

Turn that passion into a daily income business that can bring you financial freedom. From weddings to birthdays to events, the list is endless.

There is a huge market out there waiting to buy from you. It is important to build a strong relationship with your customers and also provide good customer service.

This is another lucrative daily income business in Nigeria. Pastries, snacks, cakes and others are in high demand in Nigeria. All you need are baking tools and equipment and you can start selling from the comfort of your home.

You can bake cakes and pastries for parties and events and make lots of income on the go. You can leverage the power of social media to promote and sell your product.

583 People are Reading: Best Businesses to Start with 500k in Nigeria

5. Transportation Business

The ever-increasing population of Lagos state and Nigeria at large makes transportation a major need for the average Nigerian. You can start transporting people to various destinations. All you need is a car and registration and you can start making daily income

This is another popular business idea that can help you generate income daily in India. If you have the capital, you can go purchase a second-hand vehicle or tricycle, or motorcycle (if it is not banned in your state) and start making money daily.

The transportation business is one of the most lucrative daily income business in Nigeria. Movement is a need and a necessity for people. People are always moving, whether interstate or within the same state. For E.g. people move from home to work or to social functions and religious gatherings.

You can run this business by using your car as an Uber in which you receive money daily or you can buy buses, Okada or Keke-napep. The opportunities in the transport business are many. Since people move daily, you can be sure to make money daily also.

6. Laundry Business

This is one of the most profitable OG daily-income business in Nigeria. Since a lot of people are out of their homes early to hustle and come back late, a lot of people don’t have the time to wash their clothes and would rather pay someone to do it for them.

This is an opportunity for you to make some money daily. However, it’s a business that demands care as you don’t want to end up ruining customers’ clothes and ruining your reputation as well.

So, if you want to establish this Laundry business and make it a long-term success, you’ll need to acquire a washing machine, set up an office, and employ washermen/washerwomen to get started.

7. BarberShop Business

A Barbershop business is a great daily income business in Nigeria where you can make at least N5,000 daily and more on weekends.

You just need to rent a space that isn’t too expensive based on your location. You also need to get work equipment like clippers, chairs and all the essentials of a barbershop workstation.

You’ll also need a signpost to let potential customers know about your barbershop. Make sure you do some market research to know how much your completion charge is so you can charge your customers effectively.

The location you chose for this business is important as well, get a space where people can easily park securely and where there’s a lot of leg traffic.

8. Beauty Salon (Hairdressing & Make-up)

You’ll be surprised how much a beauty salon can make daily. A beauty salon is definitely one of the best daily income business in Nigeria.

Women love to look good, so the services that a beauty salon offers are highly in demand

Starting a beauty salon requires that you’re a great hairstylist or makeup artist or at least you can employ people with these skills. Having the skill yourself would be a good plus for you and the business.

You don’t even have to wait for customers to make their hair, you can make the hair already and then sell it. At least that’s the in-thing these days.

All you need is a very professional space and the required tools. If you can’t get a store, you can start right from your home. You can also leverage the power of social media and word of mouth to gain visibility and attract customers.

While for the make-up section, if you don’t already know how to do make-up professionally, you can learn online by watching videos on YouTube or even taking physical make-up classes/courses.

382 People are Reading: Top Businesses to Start with 100K in Nigeria

9. Professional Car wash Business

You don’t need any particular technical skills to start this profitable daily income business in Nigeria. Apart from getting a space for cars and vehicles to park and get washed up.

Every day people wash their cars as most don’t have the time to do it themselves, which makes this business a very good one to start.

You may need to get guidance from others who have done this sort of business before to help you establish your own car wash daily income business in Nigeria effectively.

Location is also important for this business. Try to get a space in a street or junction where plenty of cars ply through. You can also add a bar and a barbecue and grilling section to this business to boost your daily income.

10. Betting Shop Business

Sports are quite popular in Nigeria, more so sports betting, as individuals of all ages are often interested in it.

Many individuals are earning a lot of money in the sports betting industry, but a lot more are losing mind you. So this business not only works, but it also allows you to maintain a consistent flow of revenue as long as you know how to operate a sports betting company or shop.

Finding a place (A very important part), joining a franchise (Bet9ja, BetKing, etc), purchasing computers, and other necessary items is all that is required to get started. 

Once you have your sports betting company up and running, you can expect to start generating money every day.

11. Used Clothes Business (Okrika)

There’s an unverified stat that over 48% of Nigerians buy used clothes. Maybe you’re one of them. I certainly am, sometimes.

This is a good daily income business in Nigeria, because of the number of people buying used clothes in the country.

If you find the right niche; shirts, underwear or gowns, you’re definitely going to generate enough daily income from this evening.

12. Gym Business

With the world becoming more aware of healthiness and fitness partly because of the pandemic, more and more people are looking to go to the gym. Making starting a gym a great daily income business in Nigeria.

However, this might be one of the most expensive businesses on this list to start but if you do your research well, you can always reduce the starting costs.

497 People are Reading: Cheapest Businesses to Start in Nigeria

13. Pure Water & Bottled Water Business

The first person that sold packaged water was laughed at, today tons of people are into this business. A lot of people in the world don’t even have access to clean water.

Any important human need that can be packaged well will sell well. Selling Pure water or bottled water is a great daily business in Nigeria since the population demands it.

You can make up to ₦7000 with this business daily, especially if you are in a great location. However, if you are producing the pure water and bottled water yourself and distributing it, you can make up to 10x of the person that is retailing it.

14. Bread Bakery Business

Nigerians consume bread a lot, so this is a good daily income business in Nigeria to start. However, this business requires some capital if you want to own the bakery yourself, if you’re lucky you might find a bakery to rent.

Alternatively, you can always start small, with a couple of ovens in a small space and grow from there. You also need a vehicle to help you distribute your bread, then there’s the need to join the bread bakery association and might need to get a NAFDAC license.

15. Hotel & Bar Business

Nigerians are a very sex-oriented people, whether they are more accepting of that is another question entirely. It is evident in their songs, culture and very much the massive hotel presence in every nook and cranny in the country.

Nigerians use hotels a lot for business and pleasure likewise, that is why a hotel business is a very lucrative daily income business in Nigeria. As long as it is well located and your hotel offers excellent service.

In the hotel business, there are multiple ways to make money. You don’t just make money from renting out rooms, you make money from food, from drinks, from renting out a space (if you have one) for events. There are so many add-on services you can provide and make money from with this business.

Read: Best Business Loans in Nigeria

16. Trading Business

Buying and selling is one of the oldest business known to mankind. A lot of people (merchants) have become wealthy from trading, which makes it a great daily income business in Nigeria for anyone that knows what to trade and how to trade to make a lot of profit.

Trading is simply purchasing products and selling them for a profit.

So all you have to do is acquire high in-demand products and commodities in bulk, store it at a location, and sell your goods as a retailer or a producer.

Your storage location can even be your house and you can decide to trade online only. Or open a store, you could even do both. It is all up to you.

This is also one of Nigeria’s fastest-growing daily income businesses since people will always have wants, and if you can provide those needs in return for money, you are a successful daily income entrepreneur.

17. Mobile Phone Repairs

If you know how to fix phones or accessories, this is one of the fantastic daily income businesses in Nigeria you can start.

People often experience problems with their phones and must have them fixed.

This is one of the quickest-growing daily income businesses in Nigeria, but it’s mainly just for those who know how to fix phones.

Perhaps you could learn how to repair phones and devices so that you can start earning money regularly.

18. Tailoring & Fashion Design

There are a lot of wealthy people that earn their income from the fashion industry, some years ago, a fashion businessman was the richest man in the world. So the fashion industry makes a lot of money, which makes a tailoring or fashion design business, one of the best daily income business in Nigeria.

Once you can sew well, you can make money daily if you build a business around this skill.

You can scale this business by finding tailors as an employee or even training apprentices, to help you create more turnover in the business.

Top Online Daily Business in Nigeria

19. Online Store

Starting an online shop or store business is a great way to make daily income anywhere in the world.

Most people now live their lives online, so you can sell anything to anyone as long as they need it. Starting an online store is a very good daily income business because of the low barriers to entry.

See: How to Start an e-Commerce Business in Nigeria

The main issue for people is knowing what to sell, you just have to pick a product that has a lot of demand and one that you believe in. You can even start a free online store in Nigeria today and start selling products in a few minutes.

20. Blogging

Many individuals pick blogging, but it is difficult to start earning immediately, and it takes time to start producing money from your blogging site.

There are various methods to generate money from your blog daily, but the most essential thing is to set up your site first, and then establish an audience of followers. Once you have a large volume of daily traffic, you will be well on your way to earning a solid daily passive income.

Is this passive daily income that makes blogging a great daily income business in Nigeria.

Starting a blog is very easy these days. As long as you have good writing skills and content, you will do just fine.

You can monetize your blog for income and make money via advertisements on your blog, sponsored posts, affiliate marketing and even by selling digital and physical products. This business is already saturated but you still can carve a niche for yourself.

21. Youtuber

Youtube is another lucrative daily income business in Nigeria you can do online. Having a monetised youtube channel can earn you money every day.

As long as you upload content that people love and your videos go viral and you become famous, you can make money daily.

YouTube video blogging cuts across various topics such as comedy skits, sports, tutorials, food, music, anything at all.

Making money vlogging is as simple as creating a YouTube channel. Shoot videos with your phone or camera, upload, share and make money.

See: How to Make Money on Youtube in Nigeria

22. Trade Cryptocurrency

Cryptocurrency or Crypto is digital money or digital currency that uses encryption for the payment of goods and services via the internet.

Cryptocurrency trading has proven to be a highly profitable daily income business in Nigeria for some people, with some of them using it as their primary source of income.

With a good understanding of how Crypto works and its pros and cons, you may convert it into a daily income store and begin trading for a living.

Because of the lucrative nature of this industry, there are a plethora of methods to benefit from cryptocurrency. You may profit from trading crypto, investing crypto, staking and lending crypto, from airdrops as well as through mining.

23. SEO Consultant

Are you good at search engine optimization (SEO)? If the answer is yes then you can certainly make a business out of this skill. And if not, you can learn and become great at search engine optimization in some months if you intensely apply yourself to learning it.

Offering your SEO services to those who are in need of them will provide you with a steady stream of money. Offering SEO services is a legitimate and successful daily income business in Nigeria.

As an SEO specialist, you must be able to produce high-quality articles that are appealing to both search engines and humans, as well as develop high-quality links that will help your client’s ranking.

Because the majority of your customers will be from other nations, this company is one of the legit methods to start making income in Nigeria.

24. Affiliate Marketing

This is another online daily income business in Nigeria that can bring nice pay if you do it well.

Affiliate marketing operates in a straightforward way. You sign up for affiliate programs and earn money for each person you refer.

As an affiliate marketer, your job is to successfully refer your friends or anyone else to use any online services provided by reputable companies or individuals, and you will be paid for each referral if you successfully refer a large number of people to these other parties.

There are several methods to acquire a large number of individuals recommended to you, even those you do not know. One of such methods is the SEO service we mentioned above, as well as through blogging and social media.

You can start this business with an estimated price of ₦100,000.

See Also: How to Start a Successful Music Career in Nigeria

25. Social Media & Online Community Manager

Are you as addicted to social media as I am? Turning your hobby into a job might help you earn a lot of money.

You can help people and companies manage and grow their social media accounts and pages.

On platforms like Telegram, Instagram and Facebook, you can start building active social media accounts, pages, and groups through community building..

Whether you make the group or page particularly active in any field (entertainment, fashion, education), people will begin to inquire if the group or pages are for sale.

Many bloggers, affiliate marketers, and businesses will be prepared to pay any amount for it. This company may earn you at least N100,000 each week, and I usually promote it to kids. You can start this business with an estimated price of ₦7,000 monthly for a data subscription to be online to create content and reply to messages.

26. Domain Flipping – Buying & Selling Domain Names

Domain Flipping is another name for buying and selling domain names. This is a no-hassle daily income business in Nigeria, however, it needs a sizable capital to start. It entails purchasing domain names and then selling them to people or businesses that may need them in the future.

You can always brainstorm and come up with wonderful and amazing domain names that many people would like if you are creative enough.

Domain flipping is one of the most online businesses that go under the radar, with select individuals participating in it.

You can start this domain flipping business with an estimated price of ₦30,000

27. Home & Office Cleaning Business

You can offer home or office (commercial) cleaning services in Nigeria. This is a great daily income business in Nigeria as a lot of people do not have time to clean their homes themselves. Likewise, a lot of companies and commercial buildings require cleaning too.

The main thing about this business is to write a business plan to have an estimate of the budget required to start. You also need to register your business as well. A cleaning training certificate is also a plus for you.

You might also need to employ one or two people to support you as you get more clients.

28. Tutoring

When I was in secondary school, I had a lesson teacher that tutored 10 other students at home, and it seemed to be lucrative for him as he built a house from it.

A tutoring business is a good daily income business in Nigeria for teachers and NYSC members. It can really supplement your income.

You can go ahead and scale this tutoring business into something bigger by registering the business and employing tutors, you just need to have a system for getting clients.

29. Pharmacy Business

The health industry is very massive anywhere in the world. For a lot of people in Nigeria, their local pharmacy plays a bigger role than hospitals because of how expensive hospitals in the country can be.

If it isn’t life-threatening, if the illness is common or mild, most Nigerians would rather visit a pharmacy for help. This makes a pharmacy business a very good daily income business in Nigeria.

Starting a pharmacy business can be a bit expensive, but if you open it in a great location, you’ll stand to reap the gains early.

30. Pure & Bottled Water Factory

People must drink water every day, and setting up pure water and bottled water factory as a way to earn daily income in Nigeria is a good bet.

However, this can be a bit expensive to set up. But as always you can always start small. All you need is a clean water source, a clean environment (factory), pure water sachets, water bottles, printed labels and a Nafdac application and you’re good to go.