With the population of the world and our country Nigeria growing at a highly increasing rate, so is the demand for food which comes from Agriculture. These Agriculture based businesses we have analyzed, picked out, and listed below are totally profitable and you should consider any one or more of them.
- Catfish Farming in Nigeria: Types of catfish ponds and factors to consider when choosing the most suitable pond for your catfishes
1. Vegetable Farming
The first Agriculture based business on our list is vegetable farming. Vegetables are consumed almost everyday by almost every household in Nigeria. Even household animals are fed with certain vegetables because they are highly nutritious. Vegetable farming is one of the easiest businesses you can start in Nigeria being that you only need to have a little bit of capital and a small space of land for your plants.
The following crops can be considered if you decide to venture into farming vegetables as a profitable business in Nigeria.
- Bitter leaf
And a host of many other common vegetables in the Nigerian markets.
The most important thing you should bear in mind before venturing into vegetable farming is water. Vegetables depend greatly on water to grow. They also need a healthy soil to grow well. You should also endeavour to lookout for pests and wandering animals who may trespass and cause damages to your crops.
The market for vegetables in Nigeria is always available for your produce, so you don’t have to worry about sales because you’ll definitely sell them, especially if they’re healthy-looking.
2. Poultry Farming
Poultry Farming is another business in Nigeria that is highly profitable. From restaurants to households, Nigerians consume chicken or turkey on a daily basis. Eggs from poultry asides being consumed by schooling children are used in baking and in the manufacture of many household commodities used by Nigerians daily.
Poultry products are always on demand. If you can get a space for your birds, and some startup capital, there is no limits to your profits if you venture into this business.
3. Maize Farming
Nigerians consume maize a whole lot. In the North it is grounded and made into Tuwo, it is used to make pap (ogi, akamu, koko), it is used in animal feed formulation when not being roasted nor boiled for man’s consumption.
Maize is a crop that can be grown all year round provided you have a steady source of water. If you venture into maize farming or trading, you will be happy you did so because maize farming is one of the most profitable Agriculture based businesses you should consider.
4. Cassava Planting
Cassava is one of the most consumed food crop in Nigeria as well as many parts of West Africa. It is often said that Nigeria is the largest cassava producer in the world. Garri, which is a product of Cassava is a staple in many Nigerian homes.
Planting Cassava doesn’t even require you to know how to process it when you harvest, unless you intend to go the extra mile. Otherwise, all you need is to plant and nurture your cassava plants through to maturity, then you harvest and sell to the ever available market in Nigeria.
5. Rice farming
With the current ban of importation in Nigeria, rice farming can easily make you rich if you venture into it as a profitable business. Rice is one food that is consumed all of the country almost daily regardless of religion nor tribe. Apart from households consuming rice, almost every restaurant and fast food joint in Nigeria sells off a large quantity of well prepared rice daily.
You should total consider farming rice, or distributing from farmers to consumers as a great source of income.
6. Catfish farming
On this blog, we have often talked about catfish farming as a very profitable business that anyone can start up and make money from. You either focus on getting a pond and rearing your catfishes to eatable sizes, or you venture into distribution of smoked catfishes which are usually consumed in stews and soups in most households in Nigeria. Like most businesses listed in this article, catfish farming and marketing has been around for many years now, but as the population of Nigeria continues to increase, so does the demand for catfishes. If you hop on to the wagon of catfish farming, you would not regret it.
This business is highly capital intensive. But also very profitable.
7. Sheep and Goats production
Wool can be obtained from sheep. Milk can be obtained from goat. Wool and milk are used commercialization for the production of a wide array of items useful in Nigeria. Sheep and goats provide meat which is consumed by many families and people in Nigeria irrespective of religious or ethnic differences.
This business is not capital intensive, and less demanding.
The production of sheep and goats are one of the most profitable businesses you should consider in Nigeria.
8. Storage business
This business is simply referred to as “storage” in Nigeria. It is a kind of business whereby one purchases crops and crop produce such as maize, beans, palm oil, and many more during their season when they are much cheaper. These purchased crops and items are then stored to be sold when there is scarcity.
This business requires you to have a warehouse safe from pests and theft so that you can properly preserve your food items. It also requires capital, and in recent time, it has proven to provide profit for many people who have ventured into it.
Most of the businesses we have listed in this article are highly profitable. But just like most things in life, each of these businesses have their own advantages as well as disadvantages. We advise you to consult a business specialist before you venture into any of those businesses so as to properly check into those businesses and help you discover what type of agriculture based businesses is the most suitable for your location.
We are also available for consultation, further enquiries and assistance. All you need to do is to get to us by leaving a comment in the comments box below, or fill out the contact form and we will get to you.
Are there any profitable businesses you feel we have left out? Do let us know in the comments section below.