How to Make N20,000 Naira Daily in Nigeria (10 Real Smart Ways)

Your first thought would be it’s impossible to learn how to earn N20k daily in Nigeria from one blog online and I’m sure you’re doubting right now.

You’re not that wrong. Making money like this in Nigeria takes time, and if you’re willing to exercise patience, this post was written for you.

I’m not going to tell you there are quick ways to start making N20,000 naira daily in Nigeria. That would be more than just a fat lie. There are lots of ways to make N20k everyday eventually, but you’ll need a huge capital in millions to even begin.

This post is dedicated to showing you 10 legit ways to start making money in Nigeria and if you’re consistent, you could earn more than just N20,000 daily.

Naira Bills

So, don’t be in haste.

These ways are not guaranteed to make you rich the next morning. I’m not a Ponzi fan either. So the legit ways will take time to start and run to be 100% honest with you.

There’s a saying that you have to spend money to make money. Right? Anything legitimate has it’s slow but steady rate of growth. Building foundations take time, and I’m not trying to scare you. It’s the plain truth.

What are the businesses that can earn you N20k and more every single day in Nigeria?

Before we start, you need to understand the nature of these businesses.

What You Should Know

These ideas I’m about to show you have their attributes just like every other normal businesses. One common trait with the ones on this list is they won’t make you rich overnight.

Here are three common characteristics of these business ideas that could make you N20k daily:

They Take Time to Grow

I suggest you take your mind off any form of get-rich-quick scheme because they don’t stand the inescapable test of time. You will end up in chains of regret in the long run.

The legit businesses grow with time and when you finally establish them, days when you earn N20k would be the worse days at business.

Actually, these businesses can get you to become a millionaire eventually if you stay consistent.

Time is one of the biggest factors for success and if well utilized, will birth greatness.

They Pay More

While we’re talking about making N20k daily, these businesses could earn you more money. I’ve seen people who earn over N50k daily from either one of these businesses (which I’ll be unveiling in no time from now).

These folks focus on one and eventually become a top player and earner in the business. In the beginning, you could start earning as low as N1k daily or nothing for the first few weeks or months.

Some of these business ideas are offline. Which means you get to deal with customers face-to-face and certain factors like location and area survey would determine your earnings a great deal.

They Require Capital

Like I mentioned, to earn 20,000 naira in Nigeria daily, you have to spend some money. If it were easy to make N20k everyday, everybody would be doing that by now.

Don’t you think so?

You have to put in some capital and wait for the return of your investment.

Here are the 10 long-awaited hot business ideas you can tap on to start making N20,000 naira daily in Nigeria (or more):

  • Barbeque Business
  • Barbing Salon
  • Blogging
  • Transport Business
  • Affiliate Marketing
  • YouTube
  • Restaurant Business
  • Boutique Business
  • Paid Surveys Online
  • Recharge/Sim Card Business

1. Barbeque Business

Barbeque business

This is one of the hottest businesses in Nigeria and people are rushing into it like snail.


Like snail.

Which means not very many people are getting into the business.

The average Nigerian graduate is coated with pride and feels embarrassed to start this kind of business (because of the prestige that comes with having a bachelor’s degree).

You get?

Fortunately, the people who delve into this business don’t dress very white-collar-ly, many of them earn more money compared to the clean-looking white-collar employees.

The barbeque business is a hot deal, and the men behind the business are richer (when compared to 40% of the people who get to buy what they sell).

You don’t necessarily need to learn how to prepare grilled foods to start it. You don’t have to learn how to prepare seafoods and other stuff to get into this business.

You can get people to help you run the business and then you play supervisory role while your staff handles the kitchen/selling role.

It’s also one of the coolest side hustles to startup if you’re pegged with a full-time job or some other primary business.

But if you’re not a full-time 9-5 employee yet, what’s keeping you from starting it?

2. Barbing Salon

Barbing salon business

As long as this Earth remains, people will always have their hair cut. I mentioned something about investing capital to make money before we got here right?


Some barbing salons make over N150k daily. Not all. Very few good ones I’ve come across. Some make about N1k daily. The place I work right now, we realize over N90k every single day.

It depends on your skill level, location, how much you cut and your overall packaging.

This business is one of many that can earn you N20k or more daily in Nigeria. You don’t have to learn barbing to start a barbing salon in Nigeria.

You seriously don’t have to, but learning the craft gives you an edge. You also don’t need to own a barbing salon too if you can’t afford to start yours.

If you own one, it would benefit you even more. But if you can’t afford one, You could rapport with someone who owns a barbing salon and let them know you’re interested in buying into their business.

If they agree, you get a fair share of the monthly income, maybe 40% or 30% of the income. Before this happens, you need to buy this privilege as though you were buying half the salon itself.

You become a shareholder in this case, and the sum you pay to reap this sort of partnership runs into hundreds of thousands and sometimes millions (for good salons).

3. Blogging

Blogging business

Blogging is a challenging online business at the start unless you’re good at writing and learning fast. Else, you’ll end up spending a lot of your time learning and relearning instead of actually blogging.

If you’re not a skilled writer and an experienced search engine optimizer, you won’t go far today in the blogging world.

I’m not saying all of this to scare you away from starting a blog because it’s one of the ways you can earn more than N20k daily in the long run.

Blogging is very lucrative. You could be making real money while you sleep.

Once you set up a successful blog with thousands of visitors daily, you can make as much money as you want to if you know the right places to look.

So far, I’ve made a lot of money from blogging. I’m not a millionaire just yet, but I’ve counted hundreds of thousands from blogging.

It’s easy to say it, but it wasn’t easy to get started and build the blog that generated much money within 6 months.

Luckily for you, you’ve got me, and I’m not going to show you just how to create a blog, but how to monetize and earn from it.

Click here to start your blog today and learn all you need to start making some good money from it.

It’s one of the ways to build a successful business on the internet and sell anything.

4. Transport Business

Taxify business

You see those drivers with torn shirts and worn out footwares? Some of them are millionaires in disguise.

Not all of them. I mean the ones not on monthly or weekly vehicle settlement.

The transport business in Nigeria can make you a millionaire if you don’t womanize and drink 10 bottles of beer everyday.

Just saying...

If you’re an experienced driver and you already own a vehicle, you can go into this business without hesitation.

If you don’t have a vehicle or don’t know how to drive, you’re still VERY lucky as long as you have enough money to invest.

Without experience, all you have to do is invest and get your returns every week or everyday as you want it.

You don’t need to be the one driving the vehicle and taking passengers from north to south.

You can purchase a (not a brand new) vehicle if you have the budget and make a deal with any reputable transport companies like Taxify.

The Transport company inherits the responsibility of working with the vehicle and paying you the agreed weekly or monthly commission.

Another way to do this if you have a vehicle or a motorcycle is to lease it out to individuals willing to work and pay you an agreed weekly commission.

5. Affiliate Marketing

Affiliate marketing

Affiliate marketing is a way bloggers and other set of people who work online get to make money.

It’s easy and free to start.

At least the only capital you need here is your internet subscription and nothing more.

You’ll need to have a PayPal account that receives and sends money in Nigeria because some foreign affiliate programs don’t do bank wire transfer.

They adopt the PayPal method to send your earnings when due.

Unfortunately, if you’re located in Nigeria, you can’t get a PayPal that receives funds registered. You can send money with your PayPal in Nigeria but you can’t receive funds.

What’s the way out?

I can help out! I’ll create a normal PayPal account that receives and sends funds for you right now for a token. Let’s talk about it here.

Back to the Point: What is affiliate marketing?

If you have no clue what this is, let me explain in a few lines.

When you work with a company as a partner or marketer, you become an affiliate of that company. You work with a company to increase the sales of that company.

When the company records sales or sells products to customers that came in through your affiliate link, they give you a little something called commission.

That’s all about affiliate marketing basically.

You market products for a company, they give you commission for the result of your efforts. Whichever way, if you get them more sales, they pay you more money.

The department of companies that handles affiliate marketing and affiliate marketers activities is called the affiliate program department. Some company have a dedicated website designed for affiliate marketers alone.

So you can freely register to become an affiliate marketer in the affiliate program of a company.

If you already know what affiliate marketing is, you might want to skip this part of the page. As a member of an affiliate network or company, you’re given a special link called an affiliate link.

There’s no limit to how much you can make with affiliate marketing, and you can become an affiliate marketer on several affiliate networks or for different companies online.

A lot of people earn over $200 everyday working as affiliate marketers for top companies.

Let’s calculate; that’s over N70k daily.

If you’re in Nigeria, you might want to start with Jumia and Payporte. But if you have a product you’re passionate about and you know a lot about it, why not start a niche blog and promote it?

6. YouTube

YouTube as a way to earn online

YouTube is a property of Google LLC, and one of the most visited websites in the world today.

I’m 100% sure you know what YouTube is. You don’t know? It’s a lie. Every single month, 2 billion people log into YouTube (and they watch videos for 1 billion hours every day). You must’ve been one of those 2 billion people one or more times!

Let me outline the requirements to start earning at all on YouTube:

  1. You need to have over 4,000 watch hours. This means people must’ve watched your videos for 4,000 hours. Remember we’ve got 24 hours in a day.
  2. You must have over 1k subscribers on your channel. 1,000 people must’ve subscribed to your YouTube channel.

So there’s a lot of work to be done to activate the Money-making powers of YouTube. To earn on YouTube, you have to be real.

You don’t need to have any special talent to start making money on YouTube. Don’t overlook this tip.

It’s one of the easiest, and you can get your first 50 subscribers in the next 10 hours.

With more than 1,000 subscribers, you can make 20 thousand naira and more everyday with your YouTube uploads. And you don’t have to upload videos daily.

All you need to have is a dedicated audience and a nice video content to share. YouTube works with a set of codes similar to Google’s.

So you need to trade similar principles with a YouTube channel just as with starting a blog to get massive results.

If you’re not conversant with how blogging works or how websites work, it’s all about being genuine and choosing quality over quantity.

Consistency is a key driver if you want to nurture a successful YouTube channel ever.

7. Restaurant Business

Restaurant business

A restaurant is where people go when they grow hungry and feel like taking something in. People will never stop falling hungry. I bet you.

Food is a need and if you can prepare delicious delicacies or sponsor the preparation, you’ll grow fat pockets eventually.

This business is very profitable and can make you over N20k daily in profit (in the long run). The restaurant business is what not very many people go into.

Even if we have a lot of restaurants in Nigeria, not many are branded and really packaged.

You can start small with a little less than N30k and eventually grow your business through patience, packaging, and strategy (PPS).

If you’re looking for ideas that can make you 20,000 naira everyday, then the restaurant business is one of them.

Without patience, nothing on this list will make you N2k in 10 years.

8. Boutique Business

Boutique business

If we’re talking capital intensity, this one might be the most demanding of all. For you to run a standard boutique, you’ll need to start with something mega, not superfluous, but at least N200,000 (excluding funds to rent a store).

The business is capital intensive, but if you tap into brilliant marketing strategies, you could have your business generate more than the capital sum almost everyday after the first few years.

It’s a booming business, everybody wants to shop here and there, people want to get the latest outfits and be in the middle of fashion trend itself.

If you don’t have the capital to start this, there are NGOs willing to grant you a loan to start.

You can get a loan of about N300k from NGOs in Nigeria to start whatever business you want (including the boutique business).

Most commercial banks in Nigeria are willing to grant you loan too. You just need a valuable collateral and a host of referees.

My Take:

Working with banks and NGOs to get a lone might take too long. Signatures have to be imprinted here and there on printed inked documents, and you might have to sit in the customer area like a donor paying visit to an orphanage.

If you have the capital, go for it. If you don’t have it, don’t kill yourself over the loan (my recommendation). It’s debt upon debt in the end (mostly).

Owning a boutique would cost you a lot even if you have the capital. You can start by owning a fashion shop. A mini fashion shop.

This can happen in two ways: Going #offline, and #online with your shop.

Going Offline with Your Fashion Shop

Going offline means you have to start small with a mini fashion shop. You’ll need a place to house your goods and all that. This place can be a rented store or your apartment.

Make calls to friends and tell them you have your stock in the house for sale. With time, you should start getting more than enough profit to run a boutique.

The offline world is a bit more expensive and you need to have everything in stock first before showcasing it online to potential customers.

Going Online with Your Fashion Shop

This is like running an online boutique, and you can start on Facebook or Instagram.

You don’t have to buy anything. You don’t need to spend money purchasing any stock.

All you need to do is get pictures of commodities from original sellers or companies that sell the items (shoes, clothes, wristwatches), and post them for sale on your page.

When your customers place orders, you simply use the money they send to you to purchase the items and deliver them.

Leverage the prices to make your gains here. Make people trust you enough so that they pay upfront before delivery. It’s exactly how my close friend, Justin, started his business (and grew it to over N300k monthly).

You can venture into Dropshipping

Dropshipping requires you to have an E-commerce website where people go to when they need to place an order.

It’s easy to start and all you do is locate original sellers, put their products on your online store, tweak the prices, and direct the sales to the sellers website when your visitors click the “Order” button on your E-commerce website.

Don’t worry, there are online tools to simplify all of these processes.

9. Paid Surveys Online

Paid online surveys

Taking surveys is one of the many ways people make money online today. To really make money from good survey websites, you need a PayPal account.

There are Nigerian survey sites that serve you with an offer to take brand surveys, but they’re mostly jokers and they hardly ever pay you for your time and honest reviews.

Survey websites require you to answer questions about brands and at the end you earn a little something.

If you dedicate your time taking paid surveys from different websites everyday, you’d definitely be earning more than just N20k.

There are people taking surveys in Nigeria and earning without the use of PayPal accounts, but they earn peanuts (biscuits!). A PayPal account gives you the advantage to work for top survey sites on the internet and get paid faster.

Kind Reminder: I’ll create a PayPal account that receives and sends money in Nigeria for you. But Let’s talk about it.

10. Recharge/Sim Card Business

Recharge and sim card business

The recharge card business in Nigeria is one that can never go extinct unless we sort out a way to use our mobile devices without sim card chips.

People find it more comforting loading card from their phones or bank account, but a larger chunk of people still prefer to buy the recharge card and load it from the voucher.

(You’re a fan of the voucher?)

This is because of the offers you get from loading the voucher code. You don’t get it from direct bank recharge.

A lot of folks haven’t gotten accustomed to the simple processes involved in recharging from the bank, and we don’t want money leaving our bank accounts just like that.

The business is one you can start and make lot of money daily. Coupled with the sim card business, N20k is more than sure if you pick the best location and paste your banner in positions visible and obvious to pedestrians.

The location of a business has a very great deal of role to play in determining the growth rate of the business.

Don’t expect your business or idea to become a reality in a place where no one lives, especially if it’s a business that has to deal directly with customers.

You don’t have to be the one sitting under the telecom logo-coated giant umbrella to get this business running.

If you have the financial resources, you can outsource for staff to help with running the business. Be sure to know how it works.

Remember, it’s not a get-rich-quick scheme.

Patience is a virtue.

How to Make N20,000 Naira Daily in Nigeria (Wrap Up)

To start earning some good cash everyday in Nigeria isn’t a day’s job.

If someone tells you there’s a system to start making 20k naira everyday in a quickie, run away really fast.

I want you to know these outlined businesses aren’t for lazy people. So you need to be smart (as they say it), and be proactive.

To make money in Nigeria, you must be willing to make moves and take risks.

How to Make N20,000 Naira Daily in Nigeria (Summary)

Here’s a shortlist of the 10 legit business ideas you can leverage to make N20,000 daily in Nigeria:

  • Barbeque Business
  • Barbing Salon
  • Blogging
  • Transport Business
  • Affiliate Marketing
  • YouTube
  • Restaurant Business
  • Boutique Business
  • Paid Surveys Online
  • Recharge/Sim Card Business

How are you going about the business ideas on this list? Have you started one or more already?

Let me know what you think in the comment section below. And if you have more questions, just drop it below in the comment box.