The Top 10+ Hot Lucrative Farming Business in Nigeria
There are countless opportunities within the agricultural sector; this post will be highlighting the hot lucrative farming business in Nigeria that is profitable. The demand for an agricultural product in Nigeria and also the world at large will continually get on the high side because food is one of the fundamental needs of man.
Thus, as a passionate entrepreneur, you have to key into this demand and set-up an agro-business. This is a sector of business that will certainly help create huge wealth for you. There are several reasons every young aspiring entrepreneur ought to venture into agriculture. There are endless opportunities in agriculture and more people are getting to understand that, particularly young people. Stay tuned as we dive into the best agricultural business in Nigeria, farming to be specific. These top 10+ hot lucrative farming business in Nigeria will definitely make you money so follow my lead carefully.
These are the list of the hot lucrative farming business in Nigeria
1. Rice Farming
Firstly, Nigeria is one of the world’s highest Rice consumption statics. Rice is officially one of the foremost widespread staple food in Nigerian, virtually every family consumes rice daily in Nigeria. In 2011 alone, Nigeria spent N995 Billion on Rice importation and therefore the rice we tend to import is claimed to be nothing but ten years recent in storage. Meaning that we tend to pay billions shopping for Rice that has since lost its nutritional value. Any entrepreneur in Nigeria that venture into Rice Farming and gets his/her grounds right, is sure to be smiling to the bank. A bag of Rice is presently sold-out for N8,000 to N10,000 depending on the standard and quantity demanded.
A farmer who is determined to invest in large-scale Rice Farming in Nigeria and produce up to a 100,000 bags of rice in a year, and sell at wholesale price of N7,000 per bag, he will make 7,000 x 100,000 that is equal to N 700,000,000 ($5.5M) you can attain this level of earnings conveniently with not more than 200 million Naira ($1.3M) as capital investment.
2. Cassava Farming
The popularity of cassava being one of the major supply of food for Nigerians dates back to ages. Between Garri and Rice, it’s difficult to tell the one that is the foremost consumed staple foods amongst citizens. A bag of Garri cost almost the same as a bag of rice, and except Garri. There are literally tens of other foods that are processed from cassava in Nigeria.
The introduction of the high yield species of Cassava has made it possible for Nigerian Cassava Farmers to supply additional Cassava per plot. Nearly every land in Nigeria is suitable for growing Cassava and with one Acre, once properly planted and managed will turn out thousands of Nigerian monetary unit value of Cassava every year!. You can commence by learning how to start cassava planting processing in Nigeria.
3. Plantain Plantation
The reason I like plantain asides its sweet glorious taste is the fact that once planted, it keeps producing every year for as long as possible. Similar to the consumption of rice and garri, plantain is widely consumed in Nigeria. Prior to that, every food that is popularly consumed in Nigeria is always a huge income earner due to the large population of the country. I haven’t really seen farmers in Nigeria taking advantage of this golden chance in plantain farming to acquire wealth for themselves.
Plantain is highly priced in Nigeria and is sometimes often on a high demand all year round. You can fry plantain, Boil plantain, roast plantain (Roasted plantain which in Nigeria is called Boli). It will never get angry with you, that is to show how liberal a plantain can be. I can assure you that millions of naira are currently lying around untapped in this sector of farming in Nigeria.
4. Poultry Farming
This sector of business cannot be overemphasized enough on this blog. The poultry business is very lucrative one and part of the hot emerging business opportunity in Nigeria you need to start today. Learning how to start a poultry business in Nigeria is a brave step in case you haven’t read my start-up poultry business Guide: “Starting a poultry farming business in Nigeria for beginners”.
The Profitability of poultry farming business in Nigeria is on the high side. There are factors that certainly contributes to a profitable farming business in Nigeria you ought to consider before starting. The most important aspect of this business is A poultry farm business plan.
5. Fish Farming
The most lucrative venture of business Is fish farming, you can make millions from it in no time. If you are really interested in this business all you need is the right idea to get you started. My post on “How To Start Fish Farming In Nigeria – 4 Easy Steps For Starters”? will give you an explicit insight on the fish farming business plan in Nigeria which is very simple and easy to start.
In this venture of business, like a friend asked me; how much does it cost to start a fish farm? And the break-down and strategy I gave him made him a millionaire in 6 months. If you are interested in a copy of my secret fish farming hack and in-depth business plan that will also make you millions, kindly Apply below. I am assuring you that after six months of practicing my renowned strategy, you’ll be smiling every time you go to the bank.
6. Snail Farming
When you sight a snail stuck to a tree stump, hide beneath a stone or leaves, what does one have of them? After you see them displayed within the marketplaces, does one read them collectively as an edible animal meant for the soup pot? Some individuals take it as meat. But the majority don’t have the snail farming techniques for starters. The snail farming techniques are often reared in secret. But honestly, the truth is that snail farming is as easy as baking a pie. The major thing a snail will constantly demand is your attention and care. Another good part of snail farming is that they hardly fall sick. You don’t necessarily need to spend much on creating a snail pen.
The financial beauty of the snail farming business is that snails reproduce rapidly every day. They are actually capable of producing hundreds of eggs in a month which will hatch into snails. A snail is capable of producing 1,000,000 snails worth over N 5Million twice a year. This is actually possible with the existence of highly prolific species of snail called ACHATINA ACHATINA, which lay a minimum of 200-400 in one batch 2-3 times annually. Hence, if you are interested in starting a snail farming business or you are interested in knowing more about snails farming business, kindly sign-up below.
7. Vegetable Farming
Every business in Nigeria shouldn’t be concerned about buying and selling. Vegetable farming is one aspect of farming in Nigeria that’s capable of yielding back fast money that would make every vegetable farmer happy this season. There quite a large number of people in urban areas who are jobless and wallow aimlessly. While they lavish away in poverty hoping for a better tomorrow, opportunities to make good money through farming keeps passing them on daily basis. The word” Farming” used to be associated with poverty infused locals. But these things are in the past, not anymore. We are in an advanced age where farmers are becoming the richest people ( I got to know that one of the richest men in China is a farmer) and leaving the best of life possible.
Vegetable farming happens to be one in every of the best agriculture to have engaged in. Any kind or species of edible vegetable is usually in hot demand all year round. One very good example of vegetable you can start planting is; “Fluted Pumpkin” (Telfairia occidentalis) popularly called Ugu in Igbo and across Nigeria. Ugu is popularly known vegetable in Nigeria and is by far the foremost consumed vegetable of any kind in Nigeria. An acre size Ugu farm is capable of delivering higher than N500, 000 and it’ll take you but N60, 000 to cultivate one-acre farm of pumpkin vegetable.
8. Maize Farming
You will never grasp the profit in Maize Farming in Nigeria till you try it out. One peculiar reason why I like maize farming is that everything happens quickly. It takes not less than four months between planting and harvesting period. Get involved in any of these farming businesses in Nigeria today and you may never regret it. If you have any question concerning maize farming, kindly comments below and please do ensure to subscribe to get the full benefits.
9. Yam Farming
The yam crop is considered as the most important of all the staple foods in West Africa where up to 70% of the total yams produced worldwide comes from. Festivals and rituals are carried out in various parts of the region to mark the arrival of the new yam. Asides from these festivals and rituals, there is massive profit in yam farming business as discussed in the previous articles. With 500 x 500-meter size of farmland could yield you 50,000 tubers of yam which is estimated at N10 Million ($50,000) at a dollar per tuber of yam.
This is a pure goldmine for any enthusiastic farmer who would like to take advantage of this season to cultivate yam in large quantity. Asides selling locally, yam tubers can also be exported to the United States of America, United Kingdom, Japan, France, and Netherland. Nigeria is currently a major producer of yam in the world seconded by Ivory Coast. Ghana is, on the other hand, a major exporter of yams, accounting for an average of 90% of total yams exported from West Africa on an annual basis.
10. Pineapple Farming
This venture of farming in Nigeria is another sure money maker. Millions of fruit juices are produced with pineapple and the markers of fruit drinks are always on the lookout for pineapple farm where they could buy their raw fruit. When you visit big markets, you’ll realize that pineapple is an edible gold. The head of a pineapple is sold for at least minimum N200 in the local market while that same head of pineapple is sold for N300+ in fruit shops.
For wholesale farmers, they sell for N70 – N100. Let’s assume you harvested two hundred pineapples and set to sell for simply N50 for wholesale, you will cash out a whooping N20 million. Takeaway N8 million as the price of production, labor, and transportation, you will still have N12 million as pure profit. And once they start producing, they’ll keep producing abundant fruit for succeeding ten years if regularly maintained.
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