The prospect of farming in WestAfrica is so high that only an idiot will ignore it. However, let's take a closer look at some of the types of agriculture that work very well in Westafrica.
1. Rice cultivation
Nigeria has one of the highest rice consumption statistics in the world. Rice is by far one of the most popular staple foods among Nigerians. Almost all families eat rice in Niger every day. As recently as 2011, Nigeria has spent 991 billion naira on rice imports, and the imported rice has no less than 10 years of storage. This means that we spend billions to buy rice that has since lost its nutritional value.
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Any businessman who grows rice and does well will certainly smile in the bank. Currently a bag of rice is sold from N13,000 to N16,000 depending on the quality. A farmer can invest in large rice production in Nigeria and can produce 100,000 bags of processed rice in one year, at a wholesale price of about N10,000 per bag, making 10,000 x 100,000 = N1, 000,000,000 ($ 3 million)
You can easily reach the above figures with less than five hundred and fifty million naira ($ 1.5 million) in capital investment. I'm currently looking for someone to connect with. If you have money, I have the logistics and good planning to achieve this result. Only serious investors!
2. Cassava cultivation
The popularity of manioc as a staple food for Nigerians dates back centuries. Between Garri and Rice it's hard to know which food is the most popular in Nigeria. Both are the staple foods most consumed among citizens. I think if one is the king, the other should be the queen.
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A Garri bag costs almost the same as a bag of rice. In addition to Garri, there are countless other food products made from manioc in Nigeria. The introduction of high-yield cassava species enabled manioc producers in Nigeria to produce more cassava per plot. Almost all land in Nigeria is good for growing manioc and 1 hectare, if properly planted and farmed, thousands of manioc nairas can be produced in one year.
3. Banana plantation
One thing I like about bananas is that, once planted, they are produced year after year for all eternity. Like rice and garri, bananas are widely consumed in Nigeria. Any food that is popular in Nigeria is still a major source of income due to the country's population.
I did not really see that Farmers in Nigeria took the opportunity of Plantain Farming to create wealth for them. Banana has a high price in Nigeria and is in high demand all year round. Make it roast, cook, roast, it will never make you angry, so go the liberal banana. I can tell you that millions of nairas in this sector of agriculture in Nigeria are currently untapped.
4. Poultry farming
Everyone knows how profitable poultry farming is, it does not need much presentation. However, it is not fully exploited yet. What we currently have are some poorly run and ill-equipped poultry farms here and there. I have not yet seen a mature and high-tech poultry farm except Obasanjo Farm.
The entrepreneur, who is able to make a serious investment in this sector, will have to make huge profits. The reason is that Nigerians eat more chicken than snakes and that 70% of our consumption is still based on imports. The egg is another gold mine!
5. The pineapple growing economy
Silver is sweet, sweet is silver and pineapple is sweet. Ask an Australian farmer and he will tell you how high the income from pineapple is in your country. Any juice manufacturer that does not have a variety of pineapple flavors in its product line is not yet active. This will show you how popular pineapple is, not only in Nigeria but around the world.
Nigeria seems to have better soil for growing pineapples than Australia, where farmers make great efforts on the field. A pineapple is sold on the Mile-12 market in Lagos for about N200. If you can reap one million a year, you will earn at least N80 x 1,000,000 = N80,000,000
6. Beans in full growth
A bag of beans costs twice as much as a sack of rice and garri. The Nigerians triumph over Beans Farming and supply almost all of Nigeria and beyond. But one thing is, these beans can also work very well in the soils of southeastern, southwestern, and southern southern Nigeria. So, why only the north?
7. Wels culture
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Catfish Business is exaggerated in Nigeria, but how much is it really good? Do it well and you are in money. Only one catfish is sold for N700 in restaurants and around N400 in the open market.
8. The breeding of goats
Only in the north is the goat commercially raised. I do not know why we are so disparaging about agricultural investment in the South, even though there are millions in this sector. Why choose to sell used shoes in Oshodi and earn a couple of thousand nairas each year if you are dedicated to productive agriculture and could earn millions of nairas?
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In the United States and Australia, farmers are among the richest: get involved in professional goat farming and earn money. An adult goat is sold between 15 000 and 40 000 N.
9. Brute snails
I see the snail farms catching up in Nigeria, but if you do not hurry, others will make all the money before you realize what you're missing. The potential of this activity for you is approximately 50,000,000 annual revenues.
10 corn agriculture
You'll never know the benefits of growing corn in Nigeria until you try. One thing I like about corn is that everything goes fast. It takes less than four months between sowing and harvesting.
11. rabbit breeding
It's not very common in Nigeria, but it's a good deal. Those who work in rabbit farming make big profits.
Rabbit farming in Nigeria has the following advantages for the farmer or investor:
The reproductive system is fast;
The rabbit farm does not need much space;
The speed of maturation of a rabbit is fast;
The rabbit can be consumed by all; without a religious obstacle, that is without associated taboos;
Commercially, you do not need much capital to raise rabbits. and
It's a very profitable business because demand is high.
12. Cultivation of peanuts
Now that I think about it, we all eat peanuts (unless you are allergic to nuts) or we use peanut products. For one thing, peanuts are very nutritious seeds and at the same time a major source of edible and low-fat oil.
Would you like to start peanut production in Nigeria? If so, I have good news for you.
Currently, Nigeria is the largest producer of peanuts in Africa; and the demand for the product is high. In fact, Nigeria produces more than 1.55 tons of peanuts per year, but that's not even enough for demand.
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If you want to start growing peanuts in Nigeria, I assure you that you will get good performance from the product and its products, such as peanut cake, peanut oil and peanut butter.
4 snail hunt
Snail farming is considered one of the most profitable agricultural companies in Nigeria. Why did I say that? You can see yourself below.
I bought a good size of ten snails in Sura, Lagos State, Nigeria, for 8000 N. At Ibadan, the same screw size costs between 4000 and 500 Nm. What am I trying to say?
All I'm saying is snail farming is a profitable activity to dare; Not only do you have willing domestic buyers, but also international buyers are waiting to buy from you.
The good thing about these creatures is that West Africa is home to the largest species in the world. In fact, most of them are found in the dense tropical forests of Nigeria and Ghana; In addition, they also occur in Sierra Leone, Guinea and Côte d'Ivoire.
8. Pig breeding
Pig farming is known as the aspect of agriculture in Nigeria. Why is it?
Just because pork is in high demand. In addition, pork products like leeks are a great alternative to beef. It is low in fat, that is, it allows to get fewer calories in the pig; a big health benefit
Conclusion
As the world economy grows, most of the world's largest companies receive loans for agriculture; This is an important factor contributing to the GDP of most countries. Nigeria will not stay outside.
agriculture in Nigeria is one of the factors that contribute to the nation's prosperity. and all this credit goes to farmers in Nigeria.
I encourage Nigerian entrepreneurs to practice farming in Nigeria as a means of wealth creation; It offers good business opportunities in agriculture.
Wonderful
Very informative
Well-done the great agronomist
i really enjoy your article, awesome to know this. @pearlvicky