Wanna learn about the top and most profitable agriculture business ideas you can start in Nigeria? This post will outline our top picks on agriculture business ideas you can start and make money with.
Nigeria’s agricultural sector will always be a major contributor to the naitons overall GDP. In 2020, Nigeria’s agricultural sector contributed about 24% to its overall GDP, and still has more potential to grow higher.
Our agricultural landscape is one of the best which and still very much untapped. This is why anyone with basic knowledge in farming and business who ventures into it will record good success.
To get into the agribusiness, you don’t necessarily need to have a lot of land or capital. You can always rent land from people who don’t have much use of it or even from the government. Once you have a land space, you already have 50% of what you need to start. The rest may or may not be expensive depending on the scale you want to operate with and the agribusiness you are going into.
We have shared with you a list of the most profitable farming and agricultural business ideas anyone can start in Nigeria.
1. Catfish farming.
Although there are many fish species in Nigeria, most people prefer catfish for its tender, fleshy meat. This fish is easy to grow even on a small fish farm. You can even set up catfish farming at your home.
Catfishes are in high demand all year. Football viewing centers, restaurants, and market women are some of the best places to sell to. They can be purchased in bulk and sold in retail as smoked or live catfishes. Catfishes are also sought after by individuals for their personal consumption. You won’t have any problems selling your products if you are a catfish farmer.
Also, when compared to poultry, they are less expensive to feed. Catfishes don’t feed much, unlike birds that eat a lot. So you will definitely make money with this agriculture business ideas.
2. Cassava Farming.
Cassava farming in Nigeria is becoming more profitable due to the increasing use of cassava products. Millions of Nigerians have always enjoyed this farm product as a source of food and entertainment. Cassava products are consumed by 90% of Nigerian households every day. Garri, flour, animal feed, African salad, fufu, and many other popular dishes are made from cassava.
Cassava farmers will see an increase in revenues as the Nigerian population continues to rise. Cassava farming is one of the most profitable agricultural business ideas in Nigeria. You can be sure to always sell all of your harvests as the demand for it is high.
3. Poultry farming.
Poultry farming refers to the raising of domesticated birds like chickens, ducks, and turkeys for meat or eggs. Poultry farming in Nigeria is one of the most profitable agricultural business ideas you can get into. Entrepreneurs have the best chance to make a lot of money quickly by raising birds especially the old layers for egg production and broilers for meat.
The market in Nigeria is huge with over 200 million consumers. People go out every day searching for the best place to buy eggs and other poultry products.
4. Rice farming.
Nigeria is the largest rice producer in West Africa, and third after Egypt and Madagascar. It produces an average of 3.6 million tonnes per year. However, Nigeria is still unable to meet its local demand of 5.5 million tonnes.
You should seriously think about entering the rice farming industry in Nigeria. This is a highly profitable business in Nigeria’s agricultural sector.
5. Snail farming.
A low capital agriculture business is a great way to start a profitable agri business in Nigeria, and snail farming is one of them. It is also one of the most neglected livestock rearing businesses in Nigeria. Snail farming in Nigeria provides one of the finest opportunities to make money within a short period of time.
The niche agribusiness of snail farming is very unique. Snail farming is a however a seasonal business because snails become less active during dry seasons, the market becomes depleted until the next season.
6. Pig Farming.
Nigerian pig farming is a lucrative and highly profitable business. Because pigs are prolific breeders, they can produce 10-14 piglets per birth. This makes commercial pig farming a profitable business.
Pork meat is in high demand because it is both a great source of protein as well as delicious. In West Africa, the pork market is worth approximately $3 billion. Importation accounts for 80%. This makes it one of the hot agriculture business ideas to venture into.
7. Maize farming.
For decades, Nigeria’s maize farming industry has been flourishing. The most widely consumed food crop in Africa is maize. You can cook maize in many different ways. Millions of Nigerians depend on it because it is cheaper than wheat, rice, and other cereals.
It is difficult to overstate the importance of Maize production in Nigeria. Maize is a good source of many by-products. Many other consumables are produced from maize.
8. Honey Production
Bees produce a lot of honey and honey is an age-long healthy sweetener widely used to date. As such, rearing bees for the purpose of producing honey can be quite a profitable venture for people who know how to work with bees and have the space necessary for bee rearing.
Honey itself has its own health benefits and this alone makes it a desirable natural sweetener. This fast-growing world is making it more feasible to keep bees on a large scale commercially as a business.
9. Cocoyam Farming
Cocoyam is an underrated agriculture business venture that is mostly grown on a small scale by end-users in the eastern and western part of Nigeria. Little wonder the price is hitting the roof due to high demand and low supply. If you are especially in any eastern state, you should consider cocoyam farming.
Cocoyam cultivation is usually on upland and fertile soils. You can easily combine it with maize and yam.
These are our top agriculture business ideas in Nigeria that you can start. Are there more that you would want us to add? Let us know in the comment section.