By Eniolá Abdulroqeeb Arówólò
1. Cassava Farming
In Nigeria, cassava farming is getting more lucrative daily. This farm produce has always been a source of livelihood and food for millions of Nigerians. 90% of Nigerian households consume cassava products every day in various ways such as in garri, wheat flour, animal feed, commercial caramel, and a lot more.
As Nigeria and Africa as a whole continues to grow, research has shown that the demand for cassava products will continue to skyrocket, leading to higher revenues generated by cassava farmers. So if you’re looking out on an agricultural business that ensures you always almost sell out all your harvests, cassava farming is one great business to start.
2. Poultry Farming
This is the process of raising domesticated birds such as chickens, ducks, turkeys, and geese to farm meat or eggs for food. Poultry Farming in Nigeria is another most thriving farming business you can do. The quick maturity of chicken presents one of the finest opportunities for entrepreneurs to make good money within the shortest period of time possible.
The market is always there, waiting to be tapped, considering the large number of its consumers. The demand for poultry products such as eggs is so high that people go about every day looking for where to get the supplies needed.
3. Rice Farming
The largest producer of rice in West Africa is Nigeria and the third in Africa after Egypt and Madagascar producing about 3.6 million metric tons on average annually. Nonetheless, Nigeria still falls short of meeting its local demand, which is about 5.5 million tons.
Thus, if you are looking for a lucrative agricultural business idea in Nigeria, you need to seriously consider entering the rice farming business, which is undoubtedly one of the most profitable businesses in the Nigerian agricultural sector.
4. Snail Farming
In Nigeria today, snail farming is considered one of the most lucrative agribusinesses you can start with low capital. Yet, it is one of the most neglected animal-rearing businesses in the country. It provides one of the finest opportunities to make money within a short period of time in Nigeria.
Snail farming is a niche and unusual business type of business. It’s very expensive to buy snails to eat because snails are very dormant during the dry season, they become increasingly scarce during this period, and the market is starved of adequate supply until the next wet season.
5. Catfish Farming
Statistically, there’s a very high demand for catfishes all year round starting from restaurants to market women who buy in bulk and sell in retail as live catfish or smoked catfish. Individuals also demand catfish too for personal consumption. However, not everyone knows that this fish can be grown quickly; even on a small farm, you can organize catfish farming at home. With catfish farming, you’ll never have any problem selling your products.
