Phone And Gadget Business in Nigeria | In 2025, the phone and gadget industry in Nigeria is booming. Smartphones are no longer a luxury—they are a necessity for work, school, entertainment, and social life. With millions of Nigerians upgrading devices every year, the market for phones, accessories, and repairs continues to grow.
Thank you for reading this post, don't forget to subscribe!
If you’ve ever considered starting a phone and gadget business in Nigeria, this guide will show you how to set up, the capital needed, and the strategies to make it profitable.
Why Phone & Gadget Business is Profitable in Nigeria
-
High Demand: Over 30 million smartphone users in Nigeria and still growing.
-
Multiple Revenue Streams: Sales, accessories, repairs, swaps, and software services.
-
Fast Cash Flow: Nigerians buy gadgets daily, especially students and young professionals.
-
Scalability: Start with accessories and repairs, then expand to full gadget sales.
Steps to Start Your Phone and Gadget Business
1. Decide Your Entry Point
You can start small with:
-
Selling accessories (chargers, earphones, phone cases, power banks).
-
Phone repairs and software services.
-
Dropshipping gadgets online.
Or go big with:
-
Selling new & fairly used phones.
-
Importing gadgets directly from Dubai, China, or UK.
2. Capital Required
-
Small scale (accessories/repairs): ₦100k – ₦300k
-
Medium scale (phones + accessories): ₦500k – ₦1.5m
-
Large scale (imports & showroom): ₦2m – ₦10m+
CHECK OUT: How to Start a Profitable Shoe and Slippers Business in Nigeria
3. Get a Reliable Supplier
-
Source from Computer Village (Lagos), Alaba International Market, or trusted importers.
-
Always buy from wholesalers with warranty or guarantee.
-
Avoid fake gadgets—your reputation matters.
4. Choose Your Location
Best locations for high sales:
-
Near universities, hostels, and student areas.
-
Busy markets, plazas, or malls.
-
Strategic online presence (Instagram, WhatsApp, Jiji, Jumia).
5. Offer Repairs & After-Sales Service
Repairs can generate more consistent income than sales.
-
Partner with a skilled technician or learn phone repairs yourself.
-
Provide warranty and after-sales support to build trust.
Challenges to Expect
-
High competition in urban areas.
-
Risk of theft and counterfeit products.
-
Need for strong customer trust.
💡 Tip: Differentiate yourself by selling original products, offering repairs, and building an online brand.
How Much Can You Make?
-
Accessories: ₦20k – ₦100k profit weekly.
-
Phones (new & fairly used): ₦100k – ₦500k profit monthly depending on sales volume.
-
Repairs: ₦5k – ₦50k per day if steady customers.
ALSO CHECK: Is Selling Phones and Gadgets More Profitable Than Shoes and Slippers in Nigeria?
Final Thoughts
The phone and gadget business in Nigeria is high capital, high profit. If you start small with accessories and repairs, you can grow into a bigger gadget showroom over time. With consistency and honesty, this is one of the most lucrative ventures in Nigeria today.
English