13 Fast Moving Small Scale Businesses In Nigeria (2024)
Looking for a fast moving small scale businesses in Nigeria?
Then you have to read this article to the end.
Most of us tend to underrate the power of small scale businesses.
This is a wrong believe.
However, there are several highly profitable fast-moving small scale businesses that generate mighty profits in no time.
I personally envy these small scale businesses as they come with so much freedom and are easier to operate.
So, if you are one of those who have been struggling to find a good fast-moving small scale business.
Then be informed that you are reading the perfect piece of information.
We will make this article short and deliver just the right information you need to start your own business in Nigeria.
Fast Moving Small Scale Businesses In Nigeria 2024.
Here are the fast moving small scale businesses in Nigeria
1. Snacks Making
If you know how to make snacks like egg rolls, meat pies, buns, or even burgers.
You are already missing out on the huge profits you can make from this lucrative fast-moving small scale business.
Snack making is a business you can start right now!
All that is needed to start this business is a show glass.
You just need to place it in front of your building.
This will notify all those who live around you of the goodies you have to offer.
You can even go as far as negotiating with a local foodstuff retailer in your area, to sell your products for a small commission.
Trust me, this is a very profitable business, and it is extremely easy to start up.
2. Frozen Food
There is a very great demand for frozen foods like chicken, fish, shrimps, and more in Nigeria.
With a small cold room or even a refrigerator.
You can start a frozen food business today and make high profits because the demand for frozen food is high in Nigeria.
You can begin this business with even a little capital and it goes with a good amount of freedom.
3. WAEC/JAMB Lesson
If you are a qualified teacher then you can consider setting up your own lessons for WAEC/JAMB candidates.
There are millions of students who write these exams nationwide every year.
So, a lesson with good teaching quality will easily attract students.
With a small fee of about #2,000-#4,000 per month, you can make so much from this.
If you’ve ever been opportune to witness the volume of students that troop out from WAEC/JAMB classes then you should know what I’m talking about.
4. Film Hall (Viewing Centre)
Nigeria is a nation filled with football lovers.
Moreover, with so much unsteady power supply and lack of enough cash to always pay for the subscriptions of major satellite networks like DStv, so many Nigerians turn to cheaper alternatives like film halls.
Some film halls get filled up even before it’s time for a match.
A typical film hall in Nigeria charges about #100 per viewing session and houses about 50 viewers.
If you make your calculations.
You will see for yourself that this is a very good fast-moving small scale business that you can start up right away.
However, to start up a film hall, you need a good space to house the viewers.
About two plasma TVs, and one or two DStv sets with premium subscriptions.
To make extra gains.
You can also consider selling some additional refreshments by the side.
5. Bet Shop
Owning a bet shop is another wonderful fast moving small scale business.
You can register as an agent with any of the major sports betting companies like Betking, Bet9ja, Merrybet, etc.
As an agent, you make gains through commissions and bonuses.
This business is extremely gainful and it requires little capital.
To run your own bet shop, all you need is a store, a banner of the sports betting company you work with, two desktop computers, a small flatscreen television, good Internet, and steady electricity.
You can start up this business with about #250,000.
6. Event Planning
Do you know how to properly plan events?
If yes, then you can start your own event planning business right from the comfort of your couch.
Yeah! You heard me right… Not even an office.
Event planners are hired every day for different events like weddings, reception parties, and several other occasions.
So many people try to avoid the stress of planning big events and thus, the need for event planners.
All you need to do is to expose the services you offer to the right people through your social media handles, on forums, and physically, to people you think might need them.
There are a lot of top-notch earners who make so much gain from this business even without an office.
7. Soap/Detergent Making
Although this is one of the best fast-moving small scale businesses out there in Nigeria today, a lot of people do not know about it.
There are several places where you can learn how to make these products at a low cost.
Locally made soaps and detergents are gaining popularity in Nigeria.
The demand for these products should tell you of the gains involved.
Moreover, so many households now prefer to use these local products.
8. PopCorn
Popcorn is a household name in Nigeria.
Ranging from school children to local stores and fast food joints.
Everybody buys this light snack either for personal consumption or for commercial purposes.
Having your own popcorn stand in Nigeria is a very good achievement as it goes with so much gain.
Today, a standard popcorn machine costs about #75,000 in Nigeria but there are lower options you can explore.
To make your business more professional.
You can consider using a sealing machine to package your popcorn.
They cost a little over #10,000.
Once you start this business, you are sure to recover all your capital in no time.
9. Animal Feeds
With so many livestock farms in Nigeria, you can easily make money by starting an animal feed production company in Nigeria.
On the other hand, you can even become a supplier or a retailer of these products.
To begin with, you need basic ideas and experience in the fields of agriculture and animal husbandry to properly excel in this business.
However, you can consider signing up for some online courses or watching some tutorial videos on platforms like YouTube to start out.
There are over a million livestock farms in Nigeria and they all make use of these products.
10. Gas Refilling
Do you know that Nigeria consumes over a hundred thousand metric tons (100,000mt +) of gas annually?
Surprised. Right?
Well, with as little as #150,000, one can start a small scale gas refilling business.
As a small scale retailer, you don’t need to obtain any license to operate, so it saves you a lot of costs.
There is a very large market for this business and anyone can make a profit by tapping into it.
However, there are some risks attached to this business, as a gas refilling centre is highly flammable.
But if you are careful enough, you can always avoid these dangers.
Remember to always have a fire extinguisher as this comes in handy at times.
11. FMCG (Fast Moving Consumer Goods)
New FMCG companies emerge every day in Nigeria.
You can get in touch with them by searching for them on Google (New FMCG companies in Nigeria).
You can start this business at home and make huge profits as a distributor for any of these companies.
All you need to do is to register.
If you are interested in this business, you can make a research about it on the Internet to know more.
12. Freelancing
A lot of people are not aware of freelancing.
But one of the best fast-moving small scale businesses out there today is the business of selling your services to the public.
There are several platforms where you can advertise your services to attract potential customers.
Some of these platforms claim to connect you with potential clients in no time, but you should read reviews before using any.
If you are talented in any field and would like to sell your services to the world.
You can start a freelance business with any of the freelance sites available online.
Advertise your services and attract potential clients.
This is a good business and a lot of people make massive incomes from it.
13. Affiliate Marketing
Affiliate marketing is yet another profitable business that generates cool cash in no time.
Today, there are several affiliate marketing programs in Nigeria.
Some of them are the Jumia affiliate program, Konga affiliate program, Payporte affiliate program, and many more.
As an affiliate marketer, all you need to do is to promote products to consumers and you earn commissions for each purchase made by a customer.
This is a good business idea for website owners or influencers as they tend to make more profit from it.
Conclusion on Fast Moving Small Scale Businesses In Nigeria
Small scale businesses are good as they allow you to grow while making profits.
This enables you to improve your general business experience for a better understanding of how business works.
Thus far, if you have been searching for a fast-moving small-scale business to try out here in Nigeria.
You can consider any one that suits you well from this list.
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