Home NewsBusiness 5 Untapped Goldmines in Nigeria: Business Ventures Nobody Is Looking At but Everyone Will Need Soon

5 Untapped Goldmines in Nigeria: Business Ventures Nobody Is Looking At but Everyone Will Need Soon

by Adedamola Adeniji
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Nigeria is full of hustle — from street-side food vendors to the thousands of POS operators lining up every corner.

Every day, people dive into fashion, logistics, or small-scale farming in hopes of breaking free from unemployment or escaping the rising cost of living. But truth be told, many of these ventures are overpopulated and barely sustainable.

Yet, hidden in plain sight are viable, future-proof businesses that most people are not paying attention to. These are not just side hustles — they are legitimate businesses with high demand, low competition, and real potential to scale. If you’re tired of swimming in a crowded market and want something fresh and smart, this article is your goldmine.

Image Credit: Google Image

Let’s explore five underrated business ventures in Nigeria that could be your next breakthrough.

1. Agro-Processing and Packaging for the Local Market

While farming gets a lot of attention in Nigeria, very few people explore the next logical step: agro-processing. This involves taking raw farm produce and turning it into packaged, ready-to-use products — a sector that holds incredible promise.

Take tomatoes, for instance. Every year, thousands of tons go to waste due to a lack of storage and processing. Now, imagine drying those tomatoes, blending them into powder, and packaging them for sale.

The same applies to peppers, okra, locust beans (iru), crayfish, egusi, and ogbono. These are staple items in most Nigerian homes, but consumers are moving toward convenience and hygiene.

With Nigeria’s urban population booming, busy professionals and families are looking for fast, clean, and reliable food options. You can start small by sourcing directly from local farmers, using basic processing tools, and investing in clean, branded packaging: target supermarkets, online grocery platforms, and even export channels.

The startup capital is relatively low, especially if you start with just two or three products. Over time, you can scale to offer a full range of processed Nigerian food items.

2. Affordable Remote Tech Support for SMEs

With the rise of digital tools — POS devices, bookkeeping apps, and e-commerce platforms — more Nigerian small business owners are running tech-enabled ventures. But there’s a problem: most of them don’t understand the tools they’re using, and when something goes wrong, they have no affordable tech support to turn to.

That’s where remote tech support services come in.

This business involves offering basic troubleshooting and support to small businesses using tools like OPay, QuickBooks, Moniepoint, WhatsApp Business, and online storefronts. Think of it as a digital help desk for the average small business owner.

You can offer monthly or quarterly subscription packages via WhatsApp or phone calls, helping business owners navigate common issues. For example, you could charge ₦5,000/month for instant help whenever their POS crashes, their app malfunctions, or they need to create a quick digital invoice.

This business thrives on scale, and once you have just 100 clients, you’re looking at half a million naira in revenue monthly. Plus, it’s easy to expand by hiring trained agents and targeting more local markets.

3. Pay-As-You-Go Solar Installation for Low-Income Homes

Solar power has become a booming industry in Nigeria, but it’s primarily serving the upper and middle classes. Most providers offer expensive packages that the average roadside vendor, tailor, or barber can’t afford. This leaves a huge untapped market of low-income earners who still rely on petrol-powered generators or endure complete blackouts.

That’s the opportunity: affordable, mobile solar solutions for small-scale use.

Picture this — a portable solar panel that powers light bulbs, charges phones, and runs small fans, made available through lease or micro-payment plans. This model has already proven successful in East Africa, and it’s gaining momentum in parts of Nigeria too.

You don’t need a full-fledged solar company to start. With just a small inventory and a network of trained installers, you can create flexible payment options. Focus on traders, kiosks, rural homes, and mobile artisans. Offer maintenance services to increase customer loyalty and recurring income.

With fuel prices soaring and electricity supply worsening, many Nigerians are actively looking for affordable alternatives. Meeting that need is not only profitable but also impactful.

4. Recyclables Collection and Resale

When people hear “recycling,” they often imagine large, expensive factories. But what many don’t realize is that you can build a thriving recycling collection business without owning a single machine.

Every day, thousands of tons of recyclable waste — plastic bottles, used cans, old newspapers, damaged electronics — are thrown away or burned. Yet, these items are valuable commodities for recycling companies and even exporters. The issue isn’t supply — it’s the lack of structured collection.

This is your opportunity.

Start by organizing a door-to-door or community-level recyclable pickup service. Partner with local households, schools, and small businesses. Offer incentives for collected waste, such as token payments, groceries, or discounts from partner vendors.

Then, resell your sorted waste to larger recycling plants like Chanja Datti or RecyclePoints or export buyers who need raw recyclables in bulk. You can specialize in one type of waste or diversify as you grow.

This business is low-cost to start and scalable. It also positions you as a social impact entrepreneur, which makes it easier to get grants, partnerships, and investor attention.

5. Local Language Subtitling and Voice-Over Services

In the age of digital content, language localization is fast becoming a valuable service. As more Nigerian creators, influencers, and startups produce content online, they are beginning to realize that English alone is not enough to reach the full Nigerian market.

Enter subtitling and voice-over services in Yoruba, Hausa, Igbo, Pidgin, and other local dialects.

Imagine helping a YouTuber subtitle their comedy skit in Hausa or offering Pidgin voice-overs for a fintech company’s product video. There’s also huge potential in e-learning, where education platforms need to create audio and visual content in local languages to reach rural or less-educated users.

The demand is real, and very few people are supplying this service professionally.

To get started, all you need is a small team of native speakers and editors. Use free or affordable tools for subtitling and voice recording. Reach out to NGOs, edtech platforms, influencers, and government agencies that want to reach diverse demographics.

With AI now available to help speed up the process, your job becomes even easier. Plus, localization is a service you can export across Africa, serving clients outside Nigeria, too.

Start Early, Scale Smart

The most successful entrepreneurs are those who spot trends before the crowd rushes in. These five business ideas might not be the loudest in the room right now, but they offer solid potential for income, impact, and long-term success. They require more thought than trend-chasing, but they also offer lower competition, lower entry costs, and room to innovate.

Agro-processing and packaging tap into the growing urban demand for clean, ready-to-use food staples like ground pepper, dried locust beans, and tomato paste. Remote tech support for SMEs is a brilliant solution for small business owners who struggle with digital tools and need quick, affordable help to keep their operations running smoothly.

Pay-as-you-go Solar installation offers low-income households and micro-businesses an alternative power source they can afford and rely on.

Recyclables collection and resale allow you to turn everyday waste into cash while promoting a sustainable ecosystem.

 Finally, local language subtitling and voice-over services bridge the communication gap for digital content creators and companies trying to reach diverse Nigerian audiences in their mother tongues.

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