Here in this post, we are going to bring to you 20 business opportunities in agriculture sector in Nigeria. We hope you find this informative.
Agriculture has remained one of the top and widely profitable business sectors not only in Nigeria but in the world at large.
When Agriculture comes to mind, what people think is the very tedious and boring aspect of the sector. This is a very ‘myopic’ belief.
In Nigeria today, most youths would rather spend years searching for white collar jobs than venturing into agriculture, which unknown to many is one of the most profitable means to acquire wealth.
Looking for a very profitable business venture? Here are top 20 business opportunities in the Agriculture sector in Nigeria.
Read Also: How To Start Hatchery Business In Nigeria
Hatchery is one aspect of agriculture people don’t really look into. We have more fish farmers than hatchers. What is an hatchery?
Hatcheries are facilities where eggs are hatched under artificial conditions. If you are considering this business opportunity, you don’t really need a huge startup capital.
There are ways you can make an improvised incubator to make the cost of production relatively cheap or get an expert instruction on this.
Piggery is another relatively cheap business opportunity in agriculture. Why should you put this into consideration?
- Pigs can have as many as 15 piglets at a time.
- The cost of feeding pigs is quite minimal. They eat almost anything humans eat (Of course! balanced diet).Their food should have fibre, carbohydrate, protein.
- They need water.
The major capital needed here is land. The land that will be acquired in this case depends on your ‘pocket size’.
3. Rabbit Farming
A rabbit can give birth to 6 to10 kits at once and they are capable of reproducing seven times in a year. They feed on leaves, herbs, shrubs, elephant grasses.
The cost of rearing this animals are quite reasonable and they require just a little startup capital. This is another cost effective business opportunity in agriculture.
4. Snail Farming (Heliciculture)
This is another majorly downplayed aspect in agriculture that creates another business opportunity. The cost of a snail in our local markets could go for as much a 300naira per snail. Imagine, you make a profit of 2,000naira in a day just keeping snails in your backyard. Any startup capital.
No! Remember, growing up as kids, we go snail hunting in bushes. Why not go for an adventure? Instead of lazing around, go hunting for as many snails as you can get. The major highlight of snails is that they are hermaphroditic in nature. They can lay as much as 80-100 eggs.
Snail is also a very good source of protein which makes the populace pay more attention to it.
Some studies show that even the slime of snails is used for cosmetics. Isn’t this a good business opportunity in agriculture to look into?
Read Also: How To Start Agribusiness In Nigeria
5. Flower Gardening
Flower gardening is actually a good business opportunity for those who love aesthetics. If the world were full of flowers, that sounds heavenly to me! Flower gardening cannot be over emphasized. The key word for those looking into this business is ‘patience’. You need to plant some seeds and watch them grow. It requires little startup capital.
Note: You need to get a place with your ‘target audience’.
6. Catfish Farming
Thinking of venturing into catfish farming? You need to read this.
One major highlight of this business opportunity is that catfish grows very fast and they can lay up to 4,000 eggs or more.
Startup capital also depends on your pocket size. You can look into starting with a cut tank and then as it grows you think of a much bigger space for them.
As one thinking of an agro venture, you can also do this alongside catfish farming. You can create a part in your compound where you smoke these fishes and take them to your clients.
Some clients might want it smoked or fresh. You can sell this to restaurants, ‘point and kill joints’, hotels or for home use. There is a wide range of consumers.
7. Equipment Hire Service (Ehs)
This is not a widely known venture in Nigeria. Business owners can call you up for any equipment they need to hire.
So why not invest in some equipment needed for farming. Feasibility study of the needs of the farmers in your area should be carried out before procuring any equipment.
There is unavailability of good road networks and basic social amenities in the rural areas. Getting a vehicle to help convey agricultural produce from the farms to the market is also a good way of getting stable income.
Transportation is also a very important aspect when it comes to getting the produce to the consumers. Why not look into it?
9. Tomato and Pepper Production
A day cannot go by without people consuming these brightly coloured vegetables. Be it made as sauce, or used to garnish food making the dish aesthetically appealing. This business opportunity is labour intensive although the profit is high as there is always a ready market for it.
10. Bee Farming
YES! YOU READ RIGHT! Once you are weighing this option, ensure your bees are close to fruit trees. The reason for this is bees are good agents of pollination.
This also gives an added advantage. Making this, a very profitable business opportunity in the agriculture sector. Honey is used to get rid of burns when applied to the area affected and also reduces the rate of intake of raw sugar.
Read Also: How To Start Goat Farming In Nigeria
11. Green House Farming (Ghf)
Greenhouse farming are enclosed spaces that helps regulate temperature for particular types of crops e.g. cabbage, apples.
They are temperate crops. Greenhouse farming is a very profitable system of farming. Going into this, you need an expert advice on this.
12. Telfairia Occidentalis Production
Telfairia occidentalis is commonly referred to as Ugwu. All this needs is just a very small area of land that also depends on the starters pocket size.
The seed pod costs 800naira and each seed pod could have as much as 120 seeds in it. You can start with as low as buying 2000 naira worth of ugwu seed pod and plant. Although, this cost does not include other minor logistics e.g transport. The profit is quite reasonable.
Going to the local markets, you find like 6 strands of ugwu for 100naira. This is no doubt, a very good business opportunity in agriculture sector.
13. Cassava Farming
The major highlight of cassava farming is that all parts of the cassava is of economic advantage, from the leaves to the stalk, all the way down to the root.
Cassava could also be intercropped with leguminous crops e.g. Cowpea, maize which also helps to increase productivity and helps the soil increase its fertility. It requires little startup capital i.e if on low scale.
14. Cassava Processing
Cassava which is later processed into garri is a major staple food in Nigeria. Cassava processing has not just one but many finished products which makes it a good business opportunity to venture into. The cost of making gari, fufu does not require so much capital.
15. Pet Keeper
Some individuals who value keeping pets also need places to keep their pets especially when need arises for them to travel or busy schedules.
They need their pets to be kept for this duration. This also requires the starter to ensure the venture is located close to the ‘target audience’, as this operates in the highbrow parts of the country. It is a very profitable business. Although requires a very high startup capital.
16. Maize Planting
Maize planting is also a good business opportunity for starters. As little capital is required for startup. It could even be planted in the backyard of one’s house and it yields good returns.
17. Maize Processing
Maize could be processed into different products which gives one a variety of option to dabble into when it comes to maize processing.
Maize could be processes into corn starch or into animal feeds. It is widely eaten either boiled or roasted. The returns is very good.
18. Goat Farming
If you decide to opt for this unique business opportunity, you can never be wrong! It requires little startup capital. All you need is just two goats (Male and Female).Voila! You are on track.
A female goat can have three kids per birth. They feed on anything but to have a healthy goat, you can feed them with shrubs, grains.
19. Farm Consultancy
This is a way to reach out to farmers who are in need of some tips to increase productivity or varying concerns about the choice of a business opportunity in the agriculture sector to venture into. You just charge a consultancy fee. All you need is read more on agriculture and ways to improve productivity.
In all, Agriculture offers a whole lot of fun and exciting business opportunities.
In a world where living healthy and eating less of canned food is being encouraged, Agriculture will remain in the minds of people for a very long time.Click here to see the latest Study Abroad Scholarships and Guides
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