Best Cities And States In Nigeria To Do Business With Little Capital And Earn Huge Profit in 2023

Nigeria is a country with vast business opportunities. With a population of over 200 million people, the country is the largest market in Africa. There are many cities and states in Nigeria that are good for doing business with little capital and earning huge profits. In this article, we will list and provide full details on the best cities and states in Nigeria to do business with little capital and earn a huge profit.

List of the Best Cities And States In Nigeria To Start a Business With Little Capital And Earn Huge Profit

Below are the best cities and states in Nigeria to do business with little capital and earn a huge profit:

Lagos State

Lagos State tops the list of the best cities and states in Nigeria to do business with little capital and earn a huge profit.

Lagos State is the commercial hub of Nigeria and the largest city in Africa. 

It is a melting pot of various cultures, religions, and ethnic groups. 

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Lagos State is an excellent place to do business with little capital and earn a huge profit.

The state has a large population, which means there is a large market for goods and services. 

There are many business opportunities in Lagos State, ranging from retail to real estate and any kind of business you could ever imagine.

Abuja

Abuja is the capital city of Nigeria and the center of political and administrative activities in the country. 

The city has a relatively high standard of living, and there are many business opportunities for entrepreneurs. 

Abuja is an excellent place to do business with little capital and earn a huge profit.

Kano State

Kano State is located in the northern part of Nigeria and is known for its large population and vibrant economy. 

The state is home to many industries, including textile, agriculture, and manufacturing. 

Kano State is an excellent place to do business with little capital and earn a huge profit.

Ogun State

Ogun State is located in the southwestern part of Nigeria and is known for its industrial activities. 

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The state is home to many companies, including manufacturing, agriculture, and real estate. 

Ogun State is an excellent place to do business with little capital and earn a huge profit. Ogun State is a home entrepreneur who has been and wants to venture into one or two businesses.

Rivers State

Rivers State is located in the southern part of Nigeria and is known for its oil and gas industry. 

The state has a large market for goods and services, and there are many business opportunities for entrepreneurs. Rivers State is an excellent place to do business with little capital and earn a huge profit.

Enugu State

Enugu State is located in the southeastern part of Nigeria and is known for its coal industry. 

The state has a large market for goods and services, and there are many business opportunities for entrepreneurs. Enugu State is an excellent place to do business with little capital and earn a huge profit.

Osun State

Osun State is located in the southwestern part of Nigeria and is known for its agricultural activities. 

The state has a large market for agricultural products, and there are many business opportunities for entrepreneurs. Osun State is an excellent place to do business with little capital and earn a huge profit.

Delta State

Delta State is yet one of the best cities and states in Nigeria to do business with little capital and earn a huge profit, it is located in the southern part of Nigeria and is known for its oil and gas industry. 

The state has a large market for goods and services, and there are many business opportunities for entrepreneurs. Delta State is an excellent place to do business with little capital and earn a huge profit.

Akwa Ibom State

Akwa Ibom State is located in the southern part of Nigeria and is known for its oil and gas industry. 

The state has a large market for goods and services, and there are many business opportunities for entrepreneurs. Akwa Ibom State is an excellent place to do business with little capital and earn a huge profit.

Imo State

Imo State is located in the southeastern part of Nigeria and is known for its agricultural activities. 

The state has a large market for agricultural products, and there are many business opportunities for entrepreneurs. Imo State is an excellent place to do business with little capital and absolutely earn a huge profit in the long run.

Top 10 best Businesses to start in Nigeria with little Capital and earn huge Profits in 2023

Here are the top 10 best businesses in Nigeria cities and states to start with little capital to earn profit:

• Mobile food business
• Fashion and clothing store
• Digital marketing agency
• Cleaning service
• Event planning and management
• Tailoring and fashion design
• Beauty salon
• Web design and development
• Poultry farming
• Photography and videography services

Frequently Asked Questions On Best Cities And States In Nigeria To Do Business With Little Capital And Earn A Huge Profit.

The following are the related asked questions to the best cities and states in Nigeria to do business with little capital and earn a huge profit:

What is the most lucrative business in Nigeria with little capital?

Some of the most lucrative businesses in Nigeria with little capital include online businesses such as blogging, affiliate marketing, and dropshipping, as well as businesses in the service industry such as catering, event planning, and graphic design.

Which state is the best to make money in Nigeria?

There is no single state that is the best to make money in Nigeria as it depends on various factors such as the type of business, the target market, and the level of competition. 

However, some of the states that are considered economically viable and offer good business opportunities include Lagos, Abuja, Rivers, and Ogun state.

Which state is the best to do business in Nigeria?

Again, there is no single state that is the best to do business in Nigeria as it depends on various factors such as the business sector and the level of competition. 

However, some states that are considered to be business-friendly include Lagos, Abuja, Enugu, and Ogun state.

How can I make money with little capital in Nigeria?

There are various ways to make money with little capital in Nigeria, including starting a small business such as selling products online, or offering services such as event planning, catering, or social media management. 

Another option is to invest in stocks or mutual funds or participate in affiliate marketing programs.