Nigeria, the giant of Africa is known to be blessed with many agricultural products by nature and through continuous nurturing, That's why farming business is booming daily. In reality, agriculture remains one of the most prominent industries with a huge market potential to take the Nigerian economy and whole world to the next level. You also can benefit from this as an individual by investing in agric-businesses in Nigeria.
So if you are looking for the most lucrative agricultural businesses in Nigeria, we’ve got you covered.
The “kick” about all of these is that you can invest with that small or big capital at your disposal right now.
let’s dive in.
Table of Contents
1. Rice Farming
An average Nigerian eats rice at least twice a day making Nigeria one of the world’s highest rice consuming nation thereby making it one of the most profitable farming businesses and major staple food among Nigerians.
Any entrepreneur who invests into rice farming and get it right is sure to be smiling to the bank.
2. Tomato Farming
Similar to rice, tomato is another crop which Nigerians can’t do without because most Nigerian delicacies are being prepared with it. You can even expand by exporting this product outside the country.
3. Cassava Farming
The popularity of cassava makes one to wonder which is more popular between rice and garri (which is made from cassava) incredible, right?
Cassava produce has been a source of livelihood for a majority of the Nigerian population,apart from garri, there are countless of other food stuffs that are processed from cassava in Nigeria, such as fufu,animal feed,e.t.c
4. Beans Farming
Nigerians are making it big in Beans Farming, supplying almost all over Nigeria and beyond. Don’t be left behind as you can also venture into it and start smiling to the bank.
5. Poultry farming
Chickens, ducks, geese, turkeys, and birds generally would always be in high demand for their meat or eggs and the added advantage that the cycle for this bird growth is much shorter than planting. There is no eatery that does not have chicken on their menu,trust me.
6. Catfish farming
One fact is Nigerians love catfish due to their sweet and tasty nature, therefore, keeping a high demand for the animal anytime anyday.
Also, catfish farming is very easy to set up as it can be done in your home,all you need to do is feed them,change their water and generally simply care for them.
In addition, it can be sold in different types, including smoked, or alive and is used in so many delicacies such as pepper soup, grilled fish e.t.c Snail farming
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When we talk about snail farming you might wonder if it is promising at all because it is one of the least engaged agric businesses in Nigeria. But trust me,this fact makes it all the more lucrative as competition is limited.
Just by mare observation,you will find out that in reality, this business is very lucrative, allowing you to earn money within a short time as snails have become a must-have in most dishes today.
And you being able to successfully grow your snails in the dry season gives you an edge and an opportunity to make a lot of money.
7. Honey bee farming
If you have little space in your yard, and do well with bees, then you can try out honey bee farming. The business is lucrative, Especially if you can master enough to sell 100%, natural honey.
8. Pig farming
Like it or not, pig farming is very lucrative, and since they procreate easily, you aren’t going to have problems running short of pigs. Also, to put it in context, the pork market is worth over $3 billion in West Africa alone, with the majority being met through importation.
This leaves quite some space to be covered by any pig farm tycoon ready to rise up to the challenge.
9. Vegetable farming
If there is one thing people do not discriminate against, it is vegetables. I am yet to see someone-and I know you haven’t to-reject any vegetable,infact some people are strict vegetarians that eat nothing but vegetables.
You can decide to be the one producing the vegetables or distributing them across the globe.
Basically, most vegetables have short maturity periods and do not require much expertise to venture into and they are always in constant demand. Most vegetables do not require so much expertise to produce.
Examples include: green pepper, cabbage, sweet corn, fluted pumpkin (ugu), waterleaf, okra, tomato, carrot, cucumber,who can resist the taste of any of these?
10. Pineapple farming
Pineapple farming is one of the most lucrative businesses to invest in. There is a huge demand of pineapple and its juice both locally and globally and the supply is low as compared to the demand.
All you need to do is leverage on this opportunity and start something now to make huge profits.
11. Production of spices
Nowadays you see women gladly choosing to be full house-wives, but have you ever wondered why?
It’s simple,the production and mixture of different tantalising spices is a business with potentials for massive wealth and these women use this opportunity to make the most out of it.
Spices as you know are simply irresistible in our everyday cooking especially with the recent hype for fresh-from-the-farm food.
Crops like ginger, garlic, turmeric, curry leaf, scent leaf, e.t.c can make this magic happen thereby helping you make good money from producing a mix of locally made spices and packaging them in containers and distributing them.
Conclusion
Basically, agriculture is not only the present but also the future, and if practiced well,the return will be massive for both individuals and the nation.
But just like any other business, you shouldn’t expect profit instantly, but if you strive hard, at the end of the day you will always smile to the bank, and that is a guarantee.