Are you looking for the best agricultural business to start in Nigeria that is not only profitable but also sustainable? You are in the right place.
“You’ve been looking for varieties of agribusiness in Nigeria to do, so you’ve tried a couple of agricultural businesses that does not seem to work out.
During those periods, what have you learned? You only need a handful of agricultural business ideas. The rest are just distractions.
In this blog post, we’ll be listing sustainable business ideas that you need, tips on how to go about them, marketing of agricultural produce in Nigeria, and so on.
AGRIBUSINESS IN NIGERIA: List of Best Agricultural Busines To Start In Nigeria
Agribusiness in Nigeria is the business of agricultural production involving the production, protection, marketing, and trading of agricultural products to satisfy the needs of the people who consume them.
Agriculture, as we know, is one of the flourishing sectors of the economy around the world. With strategic planning, basic knowledge, and commitment one is bound to be successful with agriculture in Nigeria.
And in this post, we’d be sharing Agricultural and agribusiness idea you can irrespective of gender or age group.
1. Catfish Farming
Talking of one of the lucrative agricultural businesses in Nigeria, catfish farming always makes the list. Not only because of its nutritious element but the ever-increasing market demands, that even local fish farmers in the country can’t fulfill.
Other than the high market demand, another thing that makes fish farming in Nigeria stand out from other agricultural businesses to do in Nigeria is its ease of operation and little technical know-how needed to start.
2. Pig Farming
Rearing pigs is another lucrative agricultural business to do in Nigeria. Irrespective of your religious affiliation, you can hire farm attendants and experts to handle the business.
Being a good source of protein, there is a huge demand for pork in and outside Africa. The port market in West Africa alone is worth 2 billion; 80 percent of which is sourced through importation.
And there are a couple of investment opportunities out there you can invest in, wait for your investment to mature, and then get paid your ROI. This approach may seem slow looking at the ROI, but worth it.
Piggery is a profitable agribusiness in Nigeria you can start and make money.
3. Snail Farming
Like every other best agricultural business to do in Nigeria, snail farming is scaleable and profitable when practicing with diligence.
Other than profitability and scalability, you can start snail farming in Nigeria with low capital, right from your backyard using recycles material.
As if that is not enough, snail farming in Nigeria can be value-added. Instead of selling your snail live, you can process the meat for both export and local consumption. Also, the shell can be processed into other products.
4. Goat Rearing
Goat rearing is another lucrative agricultural business in Nigeria, popularly practiced by people in the Northern part of Nigeria on a commercial scale. To do
Starting goat farming in Nigeria is quite simple, all you need to do is have a clean and secure environment to house your selected goat breed.
5. Honey Bee Farming.
Rearing honey bees can be an amazing income source. Why? Healthy honey bees can produce lots of honey. For the farmer, this of course means more money.
How do you know if this business is meant for you? Simple, all you need to do is pay attention to the following;
- If you a starting with little capital
- You aren’t allergic to bee stings
- If you have a little piece of land or space to spare in your backyard.
Honey is in high demand and with so few farms available to support this demand, this leaves a gap in the market. Honey has many health benefits, it’s no surprise that many prefer it to use sugar. Deciding to get this business will definitely prove profitable
6. Wool Production
Another Business Opportunities In Agriculture Sector, Wool producing animals like sheep and rabbits provide you with multiple income streams just from rearing them.
The clothing industry is in constant need of quality wool. Entering this business puts you in a good position to satisfy and profit from this demand.
7. Raising flowers
Can you make a business out of selling flowers? Yes, you can! Raising flowers that are hard to find, grow, and are in high demand will make your business even more profitable.
Your target market range from wedding ceremonies, carnivals, festivals, or even parties of different types. Individuals may also need such flowers for personal use.
Factors To Consider Before Starting Agricultural Business In Nigeria
Although agriculture is said to be a profitable and evergreen sector to venture into, there are thousands of agricultural business that has failed.
Therefore, we have collated a handful of factors to consider before investing your money into any of the agricultural businesses listed above.
- Capital.
- Site Selection.
- Profitability.
- Regulatory landscape.
- Market Size.
- Scalability.
- Input.
- Off-takers.
- Value addition opportunities.
- Finances.
Conclusion
The profitability of agribusiness in Nigeria depends on the practice and type of agriculture you are practicing, it’s as simple as that. Can you make money from agriculture in Nigeria? You, you can. What agricultural business should you do? The agricultural business to do should be determined by your interest, financial capability, environment, market size, cost of labor, transportation, and so on.
Here’s another critical point to know before starting that agribusiness in Nigeria: You will face obstacles, but do not give up.
From inflation in price, increase in the cost of production, farm materials, whatever you need for the day-to-day running of your farm can cause you problem.
Do you have questions to ask on the best agricultural business to start in Nigeria? Kindly make use of the comment box.
Oladayo Olafare
Rindx Team
Owolabi Meshach
