Are you looking for the best agricultural business ideas in Nigeria? Then you are on the right page as we intend to share with you top 10 best agricultural enterprises you can venture into and earn a lot of money provided you follow due processes.
Read on to find out these top 10 best agricultural enterprise ideas.
When speaking of one of the most profitable sectors of the Nigerian economy, agriculture will definitely come to mind.
With careful and thoughtful planning and research, any person who has the primary knowledge of agriculture and the process of production can start-up an agricultural enterprise and earn good cash.
The good thing about agriculture is that you don’t need big capital or even a large farm space before you can start farming
Here are the top 10 agricultural business ideas:
With a little capital in hand and a small land space behind your house, you can start farming, then as soon as your crops increase or your animals reproduce in large quantities, you can now get a bigger space.
1. Cassava Farming
Are you aware that cassava farming is becoming more profitable every day with an increasing variety of uses of cassava outputs in Nigeria. This highly useful agricultural product has always provided many Nigerians with a stable source of income and food.
Going by past observations, Cassava products are used virtually every day by more than 87 percent of Nigerian homes. Some of Cassava’s famous commodities are: fufu, animal feed, garri, wheat flour,etc.
The interesting fact about this unique farm product is that the higher the population of Nigeria and Africa grows, the higher the demand for cassava which simply means more money for those who are in this business.
In case you are searching for a farm product that will not delay in sales that is, a farm product that you will be able to sell out totally as soon as you harvest it, then cassava is a top option for you to consider.
2. Rice Farming
Speaking of countries in West Africa that produces rice, do you know that Nigeria is the leading rice producer in the whole of West Africa?
Not just that, Nigeria is also considered as the third biggest rice producer in the African continent.
According to previous research, Nigeria manufactures an average annual volume of 3.6 million tons of rice.
The amazing part of this is that, despite the fact that we supply other countries, Nigeria has been unable to meet its local demands for rice which is estimated to be around 5.6 million tons.
Still wondering what agric business you can do? This is an open field for you. Think about it.
3. Snail Farming
This is a unique kind of farming, and it is regarded as one of the top profitable farm enterprises. Interestingly, you don’t need so much to start this business. You only need little capital.
Nevertheless, it is one of the country’s most overlooked animal rearing enterprises. If you are thinking of a quick way to make money, then you should consider this enterprise.
Lastly, this is a very unique business that has a high level of demand especially during the dry season.
4. Catfish Farming
Although there are several fishes been farmed in Nigeria, many Nigerian still choose cat fish over other species of fish, this is probably because the fish is so tasty and quite soft.
However, it is not everyone that’s aware of the fact that you can actually create a small fish pond in your home and raise your cat fishes there.
The demand for catfish cannot be referred to as been seasonal because virtually all year round, people buy catfish for personal consumption and commercial reasons
If you eventually venture into this business, your likely customers will be restaurants, hotel managers etc.
6. Maize Farming
For several years, maize farming has been certainly flourishing in Nigeria. Maize, usually called corn is one of Africa’s most popular food crops. Maize meals can be made in different ways and several Nigerians depend on it because it is often less expensive than wheat, rice, and other growing cereals.
Some of the important by-products of maize are Custard, Alcohol, Cornflake, Corn Oil, Animal/Livestock Feeds, Corn Flour, Corn Starch, Corn Powder, pap, etc .
7. Pig Farming
This is of the most profitable and successful livestock enterprises in Nigeria. Commercial pig farming is really advantageous because pigs are fertile producers and are able to produce 10 to 14 piglets in one birth.
8. Honey Bee Farming
You can get lots of honey from honey bees, and do you know that honey sales can be a very profitable venture especially to those special set of people who are not allergic to bee stings. Interestingly, you can have a honey bee farm just behind your house.
Asides the fact that honey is one of the ancient sweeteners that has been used by man over time, honey also possess some essential health benefits.
The good news about this is that, lots of people are now into commercial honey bee farming which means you don’t have to learn from your mistakes, learn from others how to start and start flourishing
9. Goat Rearing
It is such a sad fact that it is only in the Northern part of Nigeria that goats are reared in large quantity for commercial purposes. It seems the people of the South and West seem not to show so much interest in goat rearing Meanwhile those who are into this business are earning so much money.
As you search for agricultural businesses that you can start on your own, consider this particular one- goat rearing, you will most likely not regret it.
10. Beans Farming
Do you know that a bag of beans is really expensive in the country? Well depending on the season, sometimes a bag of beans can be twice the prize of a bag of garri.
Truly speaking, the people of the northern region are earning so much from beans production, they supply virtually all states in Nigeria and even outside Nigeria. But do you know that this same beans production can be done in the south, West and East, not only in the North?