Top 10 Lucrative Farming In Nigeria You Need To Know

1. 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!
I’m currently looking for who to partner with in this. If you
have the cash, I have the logistics and good plannings to
achieve that. Serious investors only!
2. Cassava Farming -The popularity of cassava as the
major source of food for Nigerians dates back to ages.
Between Garri and Rice, it’s hard to tell which one is the
most popular as both are the most consumed food
staples among the citizens — I think if one is the King the
other should be the Queen.
A bag of Garri costs almost the same as a bag of rice,
and apart from garri, there are tens of other food stuffs
that are processed from Cassava in Nigeria.
The introduction of the high yield species of Cassava has
made it possible for Nigerian Cassava Farmers to
produce more Cassava per plot.
Nearly every land in Nigeria is good for growing Cassava
and 1 Acre, when properly planted and managed can
produce Thousands of Naira worth of Cassava in a year!
3. Plantain Plantation – One thing I like about Plantain is
that when planted once, it keeps producing year in year
out for eternity.
Like Rice and Garri, Plantain is widely consumed in
Nigeria and you know — any food that is popular in
Nigeria is always a huge income earner due to the
population of the country.
I really haven’t seen Farmers in Nigeria taking 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.
4. Poultry Farming – Everyone knows how ‘Cashy’ this
one is, it doesn’t need much introduction and yet it’s still
not fully tapped. What we currently have are few badly
managed, scantily equipped poultry farms here and there.
I’m yet to see a full fledged, high tech Poultry Farm as it
is in The USA and Europe except Obasanjo’s Farm which
I don’t think is currently in serious business.
Any serious entrepreneur who is able to fire this up will
have huge profit to contend with. The reason is because
Nigerians eat chicken more than snakes do and 70% of
our consumption still based on importation. The egg is
yet another goldmine!
5. 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 = N80,000,000
6. 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 why only the North?
7. 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.
8. 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
9. Snail Farming – I see Snail Farming really picking up in
Nigeria very soon — but if you don’t hurry up, others
would have made the money before you realize what you
are missing.
The potential in this business for you is about
N50,000,000 Annual revenue.
10. Maize Farming – You never know the profit in Maize
Farming in Nigeria until you try it, and one thing I like
about it is that everything happens fast.
It takes less than Four months between planting and
harvesting. Stand up. Get involved in any of these
Farming and you will never regret it.