Agricultural Investment in Nigeria: 10 Golden Opportunities

Share









Tweet



0

Shares



Agriculture remains a very viable sector with even more opportunities

for investors than before. Nigeria seems to have all she needs to

become Africa’s biggest agriculture production state because she is

blessed with large tracts of arable land, good weather, and climate.









(adsbygoogle = window.adsbygoogle || []).push({});

Sadly, the agricultural sector in Nigeria did not receive as much

attention as it was worth. The sector used to be largely dominated by

subsistence farming and marked with traditional methods. However, the

government is now putting in much more effort to grow this sector.

Over the last 5 years, the sector has witnessed even more growth. With

improved seedlings, modern farming methods and better weather

forecasting, agricultural yields in Nigeria have continued to grow.

This has in turn promoted the cultivation of a wide variety of

agricultural produce such as cash crops, root crops, exotic fruits,

vegetables, livestock farming, etc.



Agricultural sector contributes to 25% of Nigeria’s Gross Domestic

Product (GDP) and accounts for 48% of the labour force. Crop

production dominates the sector, accounting for 22.6% of GDP while

livestock accounts for about 1.7% of GDP, fisheries (0.5%), and

forestry (0.3%).









(adsbygoogle = window.adsbygoogle || []).push({});





The Nigerian agriculture sector is open to private participation and

investment opportunities across different fields. This article will

let you know about golden investment opportunities which you should

look into if you are interested in the agriculture sector in Nigeria.



Agricultural Investment in Nigeria: 10 Golden Opportunities



Mechanized crop production





Crop production is essential for food security and to provide

industrial raw materials. As an essential product, food will always be

in demand. Potentials in crop production that you should look into

includes:





(adsbygoogle = window.adsbygoogle || []).push({});

Cereals such as Maize, rice, sorghum, corn, millet, wheat that are

stored using a grain auger to put them into the silos.



Root crops such as Cassava, yam, ginger, potato, cocoyam.



Legumes such as Soya beans, groundnuts, cowpeas.



Fruits such as Mango, banana, oranges, guava, papaw, pineapple.







(adsbygoogle = window.adsbygoogle || []).push({});

Vegetables such as Cabbage, green pepper, carrots, lettuce, spice,

onions, melons.



Tree crops such as Oil palm, cocoa, rubber, coconut, kola nut, coffee,



With sufficient land, the best option for crop production in Nigeria

will be food crops such as cassava, rice, and beans. Nigerian’s

staple food is rice and cassava. These crops are in huge demand in the

country, and with them, you cannot go wrong as long as you do all

other things right. You do not have to worry about the markets. Root

crops such as Yam are also in demand in every part of the country. You

can also do plantain. Growing plantain does not require significant

investments, it is also quite popular in cooking. Fruits such as

oranges, banana, and pineapple are also a good option. They are

popular all over the world and have a high market price in Nigeria.



Food processing and preservation





Food processing is the means through which raw food is transformed via

physical and chemical processes. The food processing industry is a

multi-billion-dollar industry in Nigeria. In Nigeria, where there are

other issues such as poor electricity supply, it is very important

that foods are processed, to avoid wastage. This sector is widely

untapped and will yield great returns if done right. Food processing

simply involves the processing of clean and harvested crops into

marketable food products. Examples of food ingredients you can process

include:Baking ingredients

Cashew nut processing

Tomato paste production

Condensed milk production

Coconut oil production

Custard powder production

Flour production

Groundnut oil production

Honey processing

Noodles production

Palm oil production

Plantain chips production



Beef processing and packaging





Another opportunity for investment is meat processing and packaging.

This is a very good business in Nigeria because meat is widely

consumed by many. Many also do not like the unhygienic conditions of

most abattoirs in the local market. To venture into meat packaging,

you will need meat packaging machines, labels and branding of your

product. You will also need to store the product properly in

refrigerators to avoid spoilage.



Fruit juice/canned fruits





This is a good business in Nigeria because Nigeria is one of the

highest consumers of fruit juice in the world. It also is the biggest

market in the African continent. A very good investment in fruit juice

production in Nigeria will yield great returns within a short period

of time. Fruit juice production entails the process of extractions,

mixing, preparation, bottling, and packaging with the use of a fruit

juice production plant.







(adsbygoogle = window.adsbygoogle || []).push({});

Processing of Cash crops





You can also be involved in the processing of cash crops such as cocoa

to produce other products such as:

Cocoa butter â€" Cocoa butter is used to make chocolate. It is also

widely used in cosmetic products such as moisturizing creams and

soaps.



Cocoa powder â€" Cocoa powder is used as an ingredient in many foods

such as chocolate drinks, ice cream and mousse,



The exploitation of timber and wood processing





You can be involved in the manufacturing, importing, and exporting of

large volumes of hardwood and softwood products. You can sell them

directly to building industry, paper, and wood processing operators,

etc, or distribute to merchants.



Livestock cultivation





Livestock production holds great potentials for development. In

Nigeria, grazing lands are abundant and there are also in-land rivers,

lakes for fishery. You can go into animal breeding if you are not

interested in growing crops. Poultry farming is quite popular. Opening

a large poultry farm involves lots of investments and modern

technologies. However, you can start small with just a little capital.

For example, you can take up chicken breeding for eggs or meat.

Catfish breeding is also a good business in Nigeria that has recorded

huge success because of its resistance to diseases.



Horticulture development





You can look into the Commercial growing of flowers and ornamentals.



Agricultural machinery supplies





Nigeria needs more modern technology, supplies, and machinery such as

having a national tractor dealership. You can look into the

importation of these machines. These include: fertilizer,

agrochemicals, tractors, cassava, grating machine, peeling, tractor,

Bulldozers, Plough, Harrow, Cultivators, Ridgers, Farmyard manure

spreader, Planter, Sprayer



Commodity trading and transportation





Food needs to be transported from the farm where it is produced to the

market. Therefore, this is a great business opportunity. All you need

is trucks and the necessary permits, get connected to farmers, and run

your business.

















(adsbygoogle = window.adsbygoogle || []).push({});







(adsbygoogle = window.adsbygoogle || []).push({});

jQuery(document).ready(function( $) { $.post(

'https://nigerianfinder.com/wp-admin/admin-ajax.php', {action:

'mts_view_count', id: '290254'}); });









Share









Tweet



0

Shares