Lagos is one of the largest cities and commercial capital of Nigeria. Lagos provides the best business atmosphere supported by good infrastructural support to Small and Medium businessmen. With a growing population of about 20 million people, small business opportunities in Lagos are backed up by strong domestic market demand.
Here in this post listed are the top 10 most thriving small business opportunities in Lagos that are making good money.
Here is the List of Top 10 Small Business Ideas in Lagos
Most workers in the city do not have the time to cook as they leave home very early in the morning and arrive late at night. They don’t have any other option but to buy food items from restaurants and fast food centers. Starting a food delivery business in Lagos is bound to be profitable if planned properly.
2. Cab/car hiring business
A cab driver in Lagos on an average earns NGN 12,000 every day. This business is worth giving a try by investors.
3. Fitness Instructor
There are a lot of people in the city who love to keep themselves fit. They look forward to working with fitness instructors or gyms in exercising, massaging and remain fit. You need little fund in starting this business.
4.. Event management
Parties take place in Lagos throughout the year. You can work as an event organizer and make money. Check our article on Top Profitable Event Management Business Ideas to know more.
5. Fashion designing
Nigerians and Lagosians, in particular, showing a lot of interest in local designers. The demand for Aso Ebi has been on the rise in Lagos. Investment in the fashion business is a good decision if planned and executed properly.
6. Real Estate
Buying, developing and selling properties is one of the most profitable business in the city. You can start a real estate agency business and make good money providing solutions for accommodation to people.
7. Travels and tours
Lagos is witnessing more foreign visitors coming in recent days mainly for tourism purpose. You can work as a tour guide and help tourists exploring Lagos and Nigeria. Ticketing, visa processing, and hotel reservations business are some of the areas you can explore.
8. Man Power Hiring Agency
There is an acute problem of unemployment in Nigeria, especially Lagos. You can make good money providing employment solutions to job seekers.
9. Security Agency
Security is a major concern for people in Lagos. You can start a security service agency and provide security solutions to individuals and organizations.
10. Cleaning services
A cleaning service business is one of the most thriving businesses in the city. You can start cleaning service agency and provide services like Car wash, home cleaning, office cleaning, laundry, and dry cleaning, etc.
Over ninety percent of nursing mothers in the city is too busy with work, as such, they employ the services of babysitters and day care centers to help them care for their babies. On average, a day care center has 15 children and charges NGN 10,000 per child.
This business thrives most in the city. A lot of individuals place much value on exercise, massaging and keeping fit and as a result of that, they patronize fitness centers. It should be noted that this business is relatively capital intensive.
Lagos is no doubt the most business-friendly city in Nigeria. Analyze these top 10 business opportunities in Lagos and start the one which you think fit for you. Best of Luck!