Top 5 Lucrative Farming In Nigeria

 

Farming is a very lucrative business, this a lot of people don't know, but let me tell you now that farming is a good business  and all you need is capital to make the whole process work cause you will need more after choosing the type of farm produce you want to invest in.

In Nigeria farming has taken a dramatic turn to a better direction in recent years, creating jobs and opportunities for entrepreneurs who dare to go into farming business. Millionaires are currently being made every year through farming in Nigeria and there is certainly no end to the prospects of creating more wealth through farming in the coming years. Farming is not a shy business because when the harvesting time is reached, one can become a millionaires overnight.
There are good reasons why farming in Nigeria is doing very well. Understanding these reasons will help you (no matter where you come from) to think seriously about setting up farm in Nigeria.
  • You should know that there is no any other African country where Farming is as viable as it is in Nigeria in terms of productivity and profitability.
  • You should also know that there is no other country where farmers are more advantaged as they are in Nigeria as regards demands for the produce. Take a look at my reasons why you must start Farming in Nigeria now. 
Nigeria has a huge population of over 200 million people, twice more than the populations of Zimbabwe and South Africa combined. The entire populatin of Nigeria depends on staple foods produced from farms and other farm produces for their daily meals and sustenance. More than 80 percent of Nigerians buy their farm produce from the market. Nigeria has large expanses of fertile farmlands laying fallow across the nation. Nigerian land area when measured in sq km is about 910,770. The land area of any country is the country’s total area, excluding areas that are considered to be water bodies. So, Nigeria has one of the biggest expanse of Land in Africa of which 70 percent is available for farming.

Top 5 Lucrative Farming in Nigeria

Let’s take a closer look at just Top 5 Farming that does very well in Nigeria.

1. Cassava Farming


The popularity of cassava as the major source of food for Nigerians dates back to ages. Between Garri and Rice, it is hard to tell which one is the most popular food in Nigeria. Both are the most consumed food staples among the citizen.
Cassava is a wanted commodity in Nigeria, without it garri and other commodities gotten from cassava will not be achieved. A bag of Garri costs almost the same as a bag of rice. Apart from garri, there are countless of other food stuffs that are processed from Cassava in Nigeria. If 1 Acre of cassava, when properly planted and managed can produce thousands of Naira worth of cassava in a year. Cassava is a product that can yield in any part of Nigeria.

2. Rice Farming


It is known that 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 N991billion on rice importation and the rice we import is said to be nothing less than 10 years old in storage. That means we spent billions buying rice that has since lost its nutritional values.
Any entrepreneur who venture into rice farming production and get it right is sure to be smiling to the bank. A bag of rice is currently sold for N16,000 to N18,000 depending on the quality. A farmer who is able to invest in large scale rice production in Nigeria and able to produce 100,000 to 200,000 Bags of processed Rice in a year, sell at wholesale price of about N10,000 per bag, he will be making Billions of Naira.

All you need to start this business is a capital worth millions, though big but think about the harvest you will make from it.

3. Poultry Farming


Everyone knows how profitable poultry farming is, it doesn’t need much explanation. Yet, it is still not fully tapped. What we currently have is few badly managed, scantily equipped poultry farms here and there. the only high tech poultry farm is Obasanjo Farm.
Any Entrepreneur who is able to fire up serious investment into this sector will have huge profit to contend with. The reason is because Nigerians eat chicken more than snakes does and 70% of our consumption still based on importation. The egg is yet another goldmine in Nigeria and good yield in profit.

4. Plantain Plantation


Plantain is only planted once and it keeps producing year in year out for eternity. Like Rice and Garri, Plantain is widely consumed in Nigeria. Any food that is popular in Nigeria is always a huge income earner due to the population of the country.
Though many Farmers in Nigeria have not taken advantage of the opportunity in Plantain Farming to create wealth for themselves. Plantain is highly priced in Nigeria and is always in high demand all year round. Fry it, Boil it, Roast it — it will never get angry with you, that’s how liberal Plantain is. I can tell you, Millions of Naira is currently lying fallow untapped in this sector of Farming in Nigeria. Looking at the things plantain can give you will see there is profit in investing in it.
5. Palm Farming
Palm farming is a very essential commodity in Nigeria, Palm alone is money, everything about the palm is money, there is no waste, all you need is capital to get the land and plant and i tell you within three years of planting you will be smiling to the bank, within just three years of planting and you can also make a lot of money from what you plant on the land before the palm start spreading.

The palms industry constitutes a significant sector of the Nigerian economy, providing food and raw materials for the Food, Cosmetics, Pharmaceuticals, Plastics and the Bio-energy industries. In Nigeria the institute that has valuable information about oil palm is the Nigerian Institute for Oil Palm Research. Palm farming is very lucrative. Every part of it is money.



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