List of Successful Farming business in Nigeria
Let have a better look at a few of the kinds of Farming business that really perform well and very profitable in Nigeria.
Rice Farming:
Nigeria is among the world’s greatest Rice intake in the world. Rice is by far among the most popular stable foods among Nigerians. Nearly every household eats rice every day in Nigeria. In 2011 alone, Nigeria spent N991billion on rice importation along with the rice we import is reported to be nothing less than ten years old in storage. That means we spent countless purchasing rice which has since dropped its nutritional worth.
Any entrepreneur that enter into rice farming and also get it correctly is guaranteed to become successful. A bag of rice is presently marketed for N114,000 to N20,000 based upon the caliber. A farmer who can invest in large scale rice production in Nigeria and equipped to make 100,000 bag of processed Rice at a calendar year, sell in wholesale cost of about N10,000 each bag, he’ll be producing 10,000 x 100,000 = N1,000,000,000 ($3million).
Poultry Farming:
Everybody understands how rewarding poultry farming is, it does not require much introduction. However, it’s still not completely unnoticed. What we now have is few poorly handled, scantily armed chicken farms here and there.
Entrepreneur who can develop deep investment into this industry will have enormous profit to compete with. The main reason is because Nigerians consume chicken than most African country and 70 percent of our intake still predicated on importation. The egg is just business to explore.
Catfish Farming:
Catfish Business is so hyping in Nigeria right now but just how many are actually getting it correctly? Get it right and you are in cash. A single Catfish sells for N700 in restaurants and approximately N400 in normal market.
Plantain Plantation:
1 thing I enjoy about Plantain is that if implanted once, it retains generating season out year for eternity. Much like Rice and Garri, Plantain is widely used in Nigeria. Any food that’s popular in Nigeria is almost always a massive revenue earner on account of the inhabitants of the nation.
Beans Farming:
A bag of Beans price twice over the usual bag of Rice and Garri. The Northern Nigerians are making it big in Beans Farming, providing nearly around Nigeria and outside. However one thing is that, the very same Beans can also do really well in the South East, South West, and South South Nigeria lands.
