Top 7 Agribusinesses in Nigeria you can invest in 2024
It remains one of the most potential industries with a massive market implicit to build the Nigeria economy and take it to the next level and the world as a whole.
But ever since the discovery of oil, the country deviated their interest from all mighty agriculture to oil and this also contributed to the unwinding of our today’s economy.
What Are The Top 7 Best Agri Businesses To Invest In Nigeria ?
Below are the list of some best agribusiness you can invest in Nigeria come 2023.
[ez-toc]Snail farming
Pig farming
Catfish farming
Chicken / Poultry farming
Rice farming
Cassava farming
Plantain plantation farming[ez-toc]
Snail farming
This is a lucrative kind of business to invest in without much capital and you will earn a huge amount of money. In those days you could easily hunt for snails in your backyard and rare for a short period of time and start earning your money.
Pig farming
The pork market is worth over $4billion in west african and this makes pig farming a lucrative business to invest in Nigeria. Although it might sound like a dirty business, it has a huge market potential and mostly from importation.
Catfish farming
This is also one of the most lucrative agricultural businesses in Nigeria. Producing catfish for hatching and consuming purpose will generate a higher rate of income for the farmer. Catfish is one of the edible food consumed by almost 70% of the country’s population.
You can produce and sell to individuals or hotels.
You can also produce small catfish(fingerlings) and sell to other prospective catfish farmers.
Chicken/Poultry farming
This is another type of agribusiness farming that’s more lucrative than every other business. Over 20 billion chickens are killed and consumed on periodicals. Eggs gotten from the chickens could be sold for money and that would be another source of income to your poultry business.
Rice farming
This is one of the most consumed food in Nigeria and some part of the world. Over 8 millions tonnes of it are produced and consumed yearly in Nigeria. Rice farming is also one of the must mouthwatering income businesses in Nigeria. Those in the northern region should take opportunities in this business.
Cassava farming
Currently Nigeria is the most largest cassava producer in the world. It produces ver 30 million tonnes of cassava annually. And this makes cassava farming a lucrative business to invest in Nigeria. Cassava can serve so many purposes like: garri, fufu, cassava flakes etc.
It could be sold in tubers also. It’s not a seasonal farming.
Plantain plantation farming
Plantain farming is also a lucrative business in agriculture. It only takes 12 months or lesser after it been cultivated to mature when planted in a good soil. Plantain can be exported. It serves several purposes in the industries. And it’s one of the most expensive items in the market in some areas.
Conclusion
Investing in any of the above aforementioned, will yield a lot of income to anyone who chooses to invest in them.
