Business Idea For Retirees In Nigeria: Complete Guide


Retirement is a blessing after serving for a number of years in the public and private sectors. Do you know the number of people their appointments were terminated or died? It is not a sentence to sickness or death but many people are making it look so. This is because there were no plans on ground on what to do after retirement. In this post we shall discuss some of the business ideas for retirees.

For someone who used to wake up early, move about from house to office from one office to the other; who was not used to sitting down in one place;. All of a sudden after retirement the person becomes idle, sits down on one spot to watch African magic and the rest of them. In no distance time the person will become sick. Some of those illnesses includes; stroke, hypertension, diabetes, high blood pressure, swollen feet etc.

This can be prevented by making plans ahead, you don’t have to wait until you reach retirement age before making plans or after retirement. Every adult needs to plan for old age not only Government or private sector workers alone. As long as you are involved in one or more things that bring money start making plans for tomorrow. Are you a trader, business person, office worker, sole proprietor etc. we are all in this matter.

Business idea for pensioners

  • Consultancy
  • Provision shops
  • Farming
  • Water business
  • Sub distribution business
  • Teaching
  • Day Care/Home Lesson
  • Volunteer Work
  • Trade
  • Middleman
  • Storage Business
  • Loan Business
  • Charcoal business
  • Selling of drinks
  • Ice block business

These businesses are not suppose to be strenuous but something that can keep you busy or move about.


You don’t need to cultivate an expanse of land any available space in you compound or where you are living is okay for farming. Don’t also say you are living in a compound that has interlock because it is not an acceptable excuse. If you are living in a cemented environment you use sack to plant by now you must have heard about sack farming.

Cucumber farming, business idea for retirees

If you have space enough to put 20-100 sack bags you will not only keep yourself busy but have means of income. You can plant any kind of vegetable in the sack bags. It can be one type of vegetable or different kinds. Such vegetables include; okra, ugu, pepper, cabbage, cauliflower, tomatoes, spinach, Ewedu etc. You can also plant fruit crops (short term); cucumber, watermelon, carrot etc. Other crops to plant are cowpea, maize etc.

Provision Store Business Idea for Retirees

You can keep kiosk around your house and sell provisions. It may not be a big store but you must sell things that people are buying. Every day consumables is okay but if you have the money to open a mini super market, super marker, super store that is fine. You can employ people in this case but make sure you are always around to monitor sales. Be involved in the business.

Business idea for retirees

Water Business

You can dig bore hole and be selling water for people around. This will be good in an environment where water is a challenge. Don’t establish it where everyone or many people have bore hole in their houses. If you have money open a pure water factory employ experience hands to manage it for you while you supervise.

Sub- Distribution Business for Retirees

This is a soft business for any retiree it doesn’t require much energy. If you have up to #1m or #500,000 you can comfortably start this business. Rent shop in a good place or use your house if it is a commercial environment. You can sell one thing maybe biscuit of different types. After you include chin chin and other snacks.

You may not even need to get directly from manufacturers but if you can deal directly with them it will pay you well. But you can purchase the products from a distributor in your locality and add #50 to sale. Many traders will buy from you because when the calculate the amount to transport down to distributors office or wait for any day they show up for those that supplies they will prefer to let go of #50 and buy from you.

Trade Business Idea for Retirees

It can be any trade you have interest in, such as; clothes, petty trading, buying and selling, grain storage, pap business etc.


Depending on your location you can be a middle person for buyers of certain products. Especially for exporters or distributors. If you are in the North you can source for crops like; beniseed, moringa, cashew nuts, grains, etc for exporters. When you link them up with buyers they will pay you commission. Sometimes you can add money to the original price and sell at your own price to buyers.

Selling of Drinks

Get a shop in a visible environment and start selling drinks in wholesale and retail prices.

Storage Business Idea for Retirees

Storage business is a good entrepreneurial idea for retirees. You can store red palm oil and resell at a later time for profits. Melon can be bought during on season July and resell during off season from March to June.

Loan Business Idea for Retirees

You can start giving out small loans to interested persons and put percentage on top. The percentage you place on it is your profit. Now you will be making money without lifting a finger. How sweet!


Consulting for retirees is mainly for those who did professionals jobs. For instance, people that worked as civil engineers, Doctors, Education etc. can establish a consultancy firm. Before you retire from your place of work you can inform the commission, agency, company or organization that you will be consulting. Give them your complimentary card if you have it for filing so they can be making referrals or use you as their consultants on certain projects.


As a person that has certificate in education with teaching experience, you can take up a teaching job in one of the nearby private schools. It will help you a long deal not only for monetary gain but for emotional gain as well. Because you are not far from what you have been doing the greater part of your life. The environment alone will be an improvement on your health.

Day care/Home Lesson

You can start a day care business if you are a lover of children. Or start after school lesson at home to keep yourself busy and your knowledge base strong.

Volunteer Work

If you are not really after the money you can do volunteer work in any Non Governmental Organizations (NGO) around your area. You can be a supervisor in any project of your choice.

Charcoal Business Idea for Retirees

You can buy charcoal in bags and sell to retailers but before you do this make sure the number of people that demand for it are many in that area.

Ice Block Business

Ice block business is a good business idea for the retirees. Buy a big deep freezer mainly for ice block and start the business. The business thrives well during dry season at that time you will make more money for saving as well. Hey! Keep generate at your side na naija we dey. I won’t say more than that.

Hire Purchase Business Idea for Retirees

Hire purchase is good but then you will have to develop a thick skin so you won’t develop bp. A know a woman who bought a mini bus for hire purchase business. The problem is that the time she is expecting money is when the driver will bring the issue of mechanic.

Business idea for retirees, hire purchase


Many retirees can hardly meet up with financial obligations especially in this part of the world. So many people married late by the time the retire their children will still be in school. And some couldn’t build a house for themselves until the retire. In other to supplement the monthly stipend paid you have to do something. Chose from the list of work listed above to help yourself. This write up is not strictly for pensioners but for everybody starting out life.
Business ideas for pensioners
Entrepreneurship for retirees
Jobs for retired business owners
Business ideas for retired couples


Please enter your comment!
Please enter your name here