10 Profitable Agricultural Businesses You Can Start In Nigeria Today

Nigeria Farm

The fall in the international price of crude oil has made the Nigerian economy a mess. As companies continue to downsize and cut
salaries, the country itself is moving towards other revenue streams. It’s a no brainer that agriculture is the next big thing in Nigeria, and with people losing their jobs and businesses
failing, one lucrative area to invest in is farming. The term farming, might sound crude,  local, and less-profitable. This was a grave
assumption made in the past. Today, people  know better.

If you’ve been down-sized, or are looking for a business to invest in, here are 10 profitable agricultural businesses that you can start
today: But before then, You can read. 5 Good Reason Why You Should Start Farming Business In Nigeria

1). FISH FARMING:
Over 50% of Nigerian households will eat something that contains fish today. That’s right, FISH! This is a staple food in every Nigerian home and people eat it every week.
The fishes that are most highly in the demand are cat fishes and tilapia. There’s weigh more than enough market for them in Nigeria, and
they will always sell out of your stock as soon as they’re grown, based on the buyers specifications. The size of your fish farm determines a lot in how profitable you’d be.
The larger your space, the larger your fishes, and the higher your sales. Hotels, restaurants, fast-foods, and hospitals (homes inclusive)
buy a lot of fishes on a daily basis. This industry is one you don’t want to miss out on.
This agricultural business is one you can start today.

2). CASSAVA FARMING:
The demand for cassava products in Nigeria cannot be quantified. The uses and demand far exceeds the supply By-products like garri, (students food) as they used to call it, fufu, and bread, are the daily staple foods of almost every Nigerian. 95% of Nigerian households consume one of these meals everyday. The endless uses of cassava for meals, and even for alcohol has made it’s demand far exceed it’s supply and as such,
many local farmers are reaping high profits from growing it.

3). POULTRY FARMING:
The consumption of chickens and turkeys in Nigeria and Africa as a whole is sky rocketing everyday. Thousands of tons are consumed
daily and the local supply cannot meet the demand. This has resulted to subsequent importation of thousands of poultry products into the country on a daily basis. This market deficit alone shows the potential of poultry farming in Nigeria. No wonder even an ex-
president of Nigeria reportedly owns one of the largest poultry’s in Africa. With a small space in your backyard and little cash to buy day-old chicks, you’re in business. Poultry farming
in Nigeria and Africa is a highly profitable agricultural business that you can start today!

4). GRAIN FARMING:
Nigerians and Africans as a whole consume millions of tons of rice, wheat, and oats every year. These are standard meals that every
African family eats in a week. In Nigeria for instance, almost every home eats rice on Sunday afternoons. Most other homes
consume wheat everyday, and others consume oats. These meals account for a very large volume of food consumed in the country.
What’s more interesting is the fact that Nigeria still imports thousands of tons of grains everyday. In 2013 alone, Nigeria imported wheat worth $1 billion dollars. This shows the true potential of grain farming and
it’s possibilities. Widespread local production can cut the importation by half and create thousands of millionaires from growing grains
alone. This is one lucrative business you should not miss out on.

5). TOMATO FARMING:
Did you know that over $500 million dollars worth of tomato pastes are imported into Nigeria every year? Yes, $500 million dollars!
The answer is simple, the supply is far lower than the demand. This is one agricultural venture that goes unnoticed. A lot of people
tend to look elsewhere never realizing that this profitable enterprise has always been staring
them in the face. If you’re looking for lesser competition, grow tomatoes. Once you can find a way to transport, grow and keep them looking fresh for a long time, the sky would be
your stepping stone! This agricultural business is one you can easily start today in your backyard and move on from there.

6. Rice Farming – Nigeria has one of the world’s highest Rice  consumption stat. Rice is by far one of the most popular staple food
among Nigerians, almost every family eats rice daily in Nigeria. In 2011 alone, Nigeria spent N991 Billion on Rice importation and the rice we import is said to be nothing less than 10 years old in storage. That means we spends
billions buying Rice that has since lost it’s nutritional values.
Any entrepreneur in Nigeria 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
N8,000 to N10,000 depending on the quality. A farmer who is able to invest in large scale Rice Farming in Nigeria and produced 100,000
Bags of processed Rice in a year, sell at wholesale price of about N7,000 per bag, he will be making 7,000 x 100,000 = N700,000,000 ($5.5 Million)
You can achieve the above figures
conveniently with less than Two hundred million Naira ($1.3 Million) capital investment. If you have the cash you can start now.

7. Pineapple Farming – Money is sweet, everything sweet is money, and Pineapple is sweet. Ask any Australian Farmer and he will
tell you how huge the income in Pineapple Farming is in their country. 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 least N80 x 1,000,000
= N80,000,00

8. Beans Farming – A bag of Beans costs twice more than a bag of Rice and garri the Northern Nigerians are making it big in Beans Farming, supplying almost all over Nigeria
and beyond. But one thing is that, this same Beans also can do very well in the South East, South West, and South South Nigeria soils. So
It must not be only the North

9. Catfish Farming – Catfish Business is really hyping in Nigeria right now but how many are really getting it right? Get it right and you’re
in money. A single Catfish sells for N700 in Restaurants and about N400 in open market.

10. Goat Rearing – It’s only in the North that goat is reared in commercial quantity. I don’t know why we are so looking down on Farming Investment in the South even though there are millions to be made in this business. Why
would you chose to sell used shoes in Oshodi and make few thousands of Naira yearly than to engage in productive Farm Business and
make millions of Naira?

In The USA and Australia, Farmers are among the Richest people – Get involved in professional goat rearing and make money for yourself. A full grown goat sells for between
N15,000 to N40,000 depending on the size.

Having brought forward the type of Farming Business you can start day in Nigeria, the choice is now yours. Choose the one that suits you and start now.