5 profitable business ideas to consider in Lagos

Lagos is the city where hustle meets opportunity. And if you’re looking to dive into entrepreneurship, you’re in the right place. With its bustling population, thriving economy, and endless energy, Lagos offers some of the best chances to turn your business dreams into reality.

Whether you’re a fresh entrepreneur or looking to expand your ventures, here are five profitable business ideas you can kick-start in Lagos.

Laundry business

One thing you should know is that Lagosians are busy. Between the crazy traffic and packed schedules, a lot of people do not have the time for laundry. That’s where you come in.

A laundry business can thrive in this fast-paced city because people prefer to drop off their clothes for cleaning rather than spend the time that likely do not have on it themselves. It’s simple, in-demand, and you don’t need huge capital to start.

Food service

If there’s one thing Lagosians can’t resist, it’s food. With remote work on the rise and people more than happy to pay for convenience, food delivery is a major win.

Whether it’s for the office crowd or small gatherings, especially with the daily rush to beat traffic, most people would rather order their meals than add any extra stress to their day.

Also, people eat every day, so you’ll always have customers. If you can add a delivery service to it, better for you. Everyone’s after the easy option.

POS business

With ATM lines that seem longer than Lagos traffic on a Monday morning — and no guarantee that you’ll even get cash when it’s finally your turn (no thanks to Emefiele’s ‘no-cash’ policy) — the Point-of-Sale (POS) business has become a real lifesaver.

People need cash, and your little POS stand could be their go-to spot. Many prefer it because it’s quick, convenient, and almost guaranteed to deliver cash, all for a small fee. Plus, it’s super easy to start.

All you need is a POS machine, a busy corner, and you could be earning between ₦5,000 to ₦20,000 daily.

Cleaning service

As Lagos continues to expand, so does the need for cleaning business services — whether it’s homes, offices, or event venues.

With people’s busy schedules and the never-ending dust of Lasgidi, cleaning services are in high demand.

Delivery service

In the age of online shopping and fast-paced living, delivery services are booming. Lagosians are more than happy to pay for the convenience of having things brought straight to their doors.

Whether you focus on food delivery, packages, or errands, the opportunities are endless. All you need is a reliable mode of transportation and good organisational skills to start this business.