The agricultural sector is one of the most flourishing sectors of the Nigerian economy. It employs 60% of Nigerians, and contributes up to 35% of the country’s GDP.
If you are looking to start a profitable agriculture business in Nigeria but don’t know which one to venture into, here are some promising farming business ideas for you.
Cassava Farming
With the increasingly diverse use of cassava products in Nigeria, cassava farming is getting more lucrative daily. This farm product has always been a source of livelihood and food for millions of Nigerians. 90% of Nigerian households consume cassava products every day. Some popular meals made out of cassava are garri, wheat flour, animal feed, commercial caramel, and a lot more.
Bee Farming
Bee farming is one of the most underrated businesses in Nigeria. Honey is precious on the market and suppliers of fresh honey can expect to make serious income. Bee farming doesn’t need a lot of capital. You invest as little or as much as you want to.
Poultry Farming
With over 160 Million consumers in Nigeria alone, the demand for chickens and turkeys in Nigeria as a whole is increasing on a daily basis.
Poultry Farming in Nigeria is probably one of the most lucrative farming businesses you can do. The quick maturity of chicken presents one of the finest opportunities for entrepreneurs to make good money within the shortest period of time possible. With over 160 Million consumers in Nigeria alone, the market is always there, waiting to be tapped.
Rice Farming
Because Nigeria has a vast market for rice, if you are looking for a lucrative agricultural business idea in Nigeria, you need to seriously consider entering the rice farming business, which is undoubtedly one of the most profitable businesses in the Nigerian agricultural sector.
Palm Oil Farming
Palm oil production stands out as a profitable farming business in Nigeria, offering easy startup and high demand locally and internationally. Palm oil and palm kernel farming can be integrated with vegetable oil farming, creating additional opportunities for profit.
Snail Farming
Snail farming has become one of the most profitable agribusinesses in Nigeria, offering high returns with low capital investment. The affordability and profitability of snail farming, coupled with a conducive climate in Nigeria, make it an attractive and lucrative venture.
By Oyindamola Olawuyi With Agency Report