Farming in Nigeria: Top 10 Lucrative Farming Business in Nigeria For Serious Entrepreneurs!
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Farming in Nigeria has taken a dramatic turn to better directions in
recent years, creating jobs and opportunities for Entrepreneurs who dare
to go into Farming Business. Millionaires are made every year through
Farming in Nigeria and there is simply no end to the prospects of
creating more wealth in Nigerian Farms in the coming years.
There are good reasons why Farming in Nigeria is currently doing well,
and understanding these reasons will help any serious Entrepreneur (no
matter where he comes from) to think seriously about setting up Farms in
Nigeria. There isn't any other African country where Farming is as
viable as it should be in Nigeria in terms of productivity and
profitability. And there is no other country where farmers are more
advantaged as they are in Nigeria -- take a look at my top five reasons
you need to start Farming in Nigeria.
5 Reasons Why Farming in Nigeria is Irresistible
(1) Nigeria has a huge population of over 150 Million people, twice more
than the populations of Zimbabwe and South Africa combined. The entire
population of Nigeria depends on staple foods produced from farms and
other farm produces for their daily meals and sustenance -- and more
than 80 percent of Nigerians buy their Farm Produce from the market.
(2) Nigeria has very large expanses of fertile farmlands laying fallow
for nothing. Nigeria Land area when measured in sq. km is 910,770. The
Land area of any country is the country's total area, excluding areas
that are considered to be water bodies. So, Nigeria has one of the
biggest expanse of Land in Africa of which 70 percent is available for
Farming.
(3) Nigeria Government is seriously turning it's attention to promoting
Farming in Nigeria to help boost food productions in the country and
minimize foods importation. The government is willing to assist any
would be Farming Entrepreneur with the necessary supports and logistics.
(4) Nigerians have very high purchasing power, far more than any other
indigenous Africans -- we buy things here and we pay cash! Talk about
parties, Nigeria is the most merriment people on earth -- the foods used
for parties and merriment in Nigeria can feed four other African
countries.
(5) By the time Nigeria attain it's full capacity utilization is
agriculture, Farming in Nigeria will become great foreign currency
earner more than as it already is. The implication is that Nigerian
Farmers will be able to earn in Naira and in Dollars as well as Euros
and Pound Sterling.
The prospect for Farming in Nigeria is so high that only a fool will
ignore it. Having said that, let's take a closer look at some of the
types of Farming that can do very well in Nigeria.
Top 10 Lucrative Farming in Nigeria From 2012
1. Rice Farming - Nigeria has one of the world's highest
Rice consumption stat. Rice is by far one of the most popular staple
food among Nigerians, almost everyone eats rice daily in Nigeria. In
2011 alone, Nigeria spent N991 Billion on Rice importation and the rice
we import is said to be nothing less than 10 years old in storage. That
means we spends billions buying Rice that has since lost it's
nutritional value.
Any Entrepreneur in Nigeria who go into Rice Farming
is sure to be smiling to the bank. A bag of Rice is currently sold for
N8,000 to N10,000 depending on the quality. Any Farmer who is able to
invest in large scale Rice Farming in Nigeria and produce 100,000 Bags
of processed Rice in a year and sell at wholesale price of about N7,000
per bag, he will be making 7,000 x 100,000 = N700,000,000 ($5.5 Million)
You can achieve the above figures conveniently with less than Two
hundred million Naira ($1.3 Million) capital investment! I'm currently
looking for whom to partner with in this. If you have the cash, I have
the logistics and good plannings to achieve this. Serious investors
should Hit me up soon!
2. Cassava Farming -The popularity of cassava as the major
source of food for Nigerians dates back to ages. Between Garri and
Rice, it's hard to tell which one is the most popular as both are the
most consumed food staples in Nigeria -- I think if one is King the
other will be Queen.
A bag of Garri costs almost the same as a bag of rice, and apart from
Garri -- there are tens of other food stuffs 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 produce more Cassava per plot. Nearly every land in Nigeria is good
for growing Cassava and 1 Acre, when properly planted and managed can
produce N2,000,000 worth of Cassava in a year!
3. Plantain Plantation - One thing I like about Plantain
is that when planted once, it keeps producing year in year out for
eternity. Like Rice and Garri, Plantain is widely consumed in Nigeria
and you know -- any food that is popular in Nigeria is always a huge
income earner due to the population of the country.
I really haven't seen Farmers in Nigeria taking advantage of the opportunity in Plantain Farming
to create wealth for themselves. Plantain is highly priced in Nigeria
and is always in high demand all year round. Fry it, Boil it, Roast it
-- it will never get angry with you, that's how liberal Plantain is. I
can tell you, Millions of Naira is currently lying fallow untapped in
this sector of Farming in Nigeria.
4. Poultry Farming - Everyone knows how 'Cashy' this one
is, it doesn't need much introduction and yet it's still not fully
tapped in Nigeria. What we currently have in Nigeria are few badly
managed, scantily equipped poultry farms here and there. I'm yet to see a
full fledged, high tech Poultry Farm in Nigeria as it is in The USA and
Europe except Obasanjo's Farm which I don't think is in serious
business.
Any serious Entrepreneur who is able to fire this up will have huge Cash
profit to contend with. The reason is because Nigerians eat chicken
more than Snake and 70% of our consumption still base on importation.
The egg is yet another goldmine!
5. Pineapple Farming - Money is sweet, everything sweet is
money, and Pineapple is sweet - Darlinton Omeh says so via his mouth.
Ask any Australian Farmer and he will tell you how huge the income in
Pineapple Farming is in their country. Any juice maker that doesn't have
Pineapple flavor variety in his product line is not yet in business.
That tells you how popular Pineapple is, not only in Nigeria but
Worldwide.
Nigeria seems to have better soil for Pineapple Farming than Australia
where Farmers are making it big in the business. A Pineapple sells in
Mile-12 market in Lagos for about N200 -- If you are able to harvest one
million in a year, you'll be sure of at least N80 x 1,000,000 = N80,000,000
6. Beans Farming - A bag of Beans costs twice more than a
bag of Rice and Garri the Northern Nigerians are making it big in Beans
Farming, supplying almost all Nigeria and beyond. But one thing is that,
this same Beans also can do very well in the South East, South West,
and South South Nigeria soils. So why only the North?
7. Catfish Farming - Catfish Business is really hyping in
Nigeria right now but how many are really getting it right? Get it right
and you're in money. A single Catfish sells for N700 in Restaurants and
about N400 in open market. Read the post about Catfish Farming here!
8. Goat Rearing - It's only in the North that Goat is
reared in commercial quantity. I don't know why we so looked down on
Farming Investment in the South even though there are millions to be
made in this business. Why would you chose to sell used shoes in Oshodi
and make few thousands of Naira yearly than to engage in productive Farm
Business and make millions of Naira?
In The USA and Australia, Farmers are among the Richest people - Get
involved in professional Goat rearing and make money for yourself. A
full grown Goat sells for between N15,000 to N40,000
9. Snail Farming - I see Snail Farming really picking up
in Nigeria very soon -- but if you don't hurry up, others would have
made the money before you realized what you've missed. Read the post on Snail Farming here! The potential in this business for you is about N50,000,000 Annual revenue.
10. Maize Farming - You never know the profit in Maize
Farming in Nigeria until you try it, and one thing I like about it is
that everything happens fast. It takes less than Four months between
planting and harvesting. Read about the Hybrid Maize Farming here!
Stand up. get involved in any of these Farming in Nigeria and you
will never regret it -Drop us a comment if you support Farming Business
in Nigeria!
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