Agriculture in Nigeria has surprisingly taken a rather drastic turn to a better direction in recent years, creating jobs and various opportunities for entrepreneurs who dare to go into farming business. Millionaires are currently being made every year through farming in Nigeria and there is certainly no end to the prospects of creating more wealth through farming in the coming years.
There are alot of reasons why farming in Nigeria is doing very well. If you understand these reasons, you will definitely find agriculture interesting and profitable.
Why start a farm in Nigeria?
We all know that Nigeria has a huge population of over 200 million, that’s a whole lot. The entire population of Nigeria depends on staple foods produced from farms and other farm produces for their daily meals and sustenance. More than 80 percent of Nigerians buy their farm produce from the market.
Also, Nigeria has large expanses of fertile farmlands laying fallow across the nation. Nigeria has one of the biggest expanse of Land in Africa (Nigerian land area when measured in sq km is about 910,770) of which 70 percent is available for farming. Sometimes I wonder why all Nigerians are not farmers.
Nigerian Government is seriously turning its attention to promoting farming in Nigeria to help boost food productions in the country and minimize food importation. The government is willing to assist any would be farming entrepreneur/investors with the necessary supports and logistics.
Let’s not forget about our high purchasing power. Nigerians boasts the highest purchasing power in Africa.
We love to buy food, throw parties, we love our merriment. The food used for parties and merriment in Nigeria can feed four other African countries.
By the time Nigeria attain its full capacity utilization is agriculture, farming will become great foreign currency earner more than the oil.
So it’s a new year and there are alot of opportunities out there. I know so of you are already considering investing in agriculture, if you don’t know, here are a list of lucrative and profitable farming that can make you successful this year.
1. RICE FARMING
We all know how important rice is and how we can’t do without it at our “Owambe” Parties.
Any entrepreneur who goes into rice farming and get it right is sure to be smiling to the bank. A bag of rice is currently sold for N13,000 to N16,000 depending on the quality. A farmer who is able to invest in large scale rice production in Nigeria and able to produce 100,000 Bags of processed Rice in a year, sell at wholesale price of about N10,000 per bag, he will be making 10,000 x 100,000 = N1,000,000,000 ($3million).
2. CASSAVA FARMING
Garri has been saving Nigerians from time immemorial. Between Garri and Rice, it is hard to tell which one is the most popular food in Nigeria. Apart from garri, there are countless 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 thousands of Naira worth of cassava in a year!
3. PLANTAIN PLANTATION
We all know how plantain has blessed us and the various ways we can eat it (just thinking of it right now is making me crave some).
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
With the Christmas season behind us, we can testify the importance of poultry farming, so it needs no introduction.
An entrepreneur who is able to fire up serious investment into this sector will have huge profit to contend with. The reason is because Nigerians eat chicken alot and 70% of our consumption still based on importation. The egg is yet another goldmine!
5. PINEAPPLE FARMING
Money is sweet and so is pineapple. 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 will earn at least N80 x 1,000,000 = N80,000,000.
There are a lot more profitable agribusinesses you can invest in today, Beans Farming, Catfish Farming, Goat rearing, Snail Farming etc.
Quick Tip: Do you know that you can invest in agriculture today without any of the associated risks and still make your cool profit? With a minimum of N10, 000. Visit www.farmchiefs.com today