Plantain farming is very profitable, but the Profitability depends on how you maintained it. Please note that you can't harvest 100 Percent of what is planted at least eighty Percent would survive. Here is the cost analysis of plantain farming in Nigeria (This is just for example):
Cost of sucker ₦200.
50 suckers × ₦200= ₦10,000.
Transportation= ₦7,000.
Cost of Planting= ₦50.
₦50 × 50 = ₦2500.
Cost of manure= ₦10,000.
Maintenance cost= ₦15,000.
Clearing of land through out first harvest using chemical method =15,000
Total cost: ₦59,500.
Your Return On Investment (Profitability):
You make profits base on two ways:
(a) Sale of plantain fruits: One bunch of plantain can go for ₦3500. Assuming you harvest 45 bunches, 45 plantain fruits × ₦3500( now)= ₦157,500.
(b) Sale of suckers: Each plantains produces 3 to 5 suckers, And suckers can sell for ₦200. You will expect 135 suckers if it produce 3. Therefore, 135 × ₦200= ₦27,000.
Hope this simple analysis will give you good reasons to start a Plantain Farm In Nigeria.
Reasons To Start A Plantain Farming In Nigeria
1 . To add contribution in eradicating poverty in Nigeria.
2 . To expose the idea of the Profitability involves in plantain farming.
3 . To eliminate idleness and create job opportunities.
4 . To be self-independent.
5 . To reveal the economic importance of plantain farming to other peoples.
6 . And most especially to reduce financial crisis.
HOW TO START A PROFITABLE PLANTAIN FARMING
1 . Choosing the Farmland
Pick a farmland with loamy soil because plantains grow best in rich, fertile soil.
2 . Preparing the Land
After getting the right farmland, clear it by removing unwanted trees, bushes, and stones. Plough the land to create enough space for planting. Leave some trees to provide shade and protect the plants from strong winds and harsh sunlight.
3 . Buying and Planting Suckers
Buy healthy plantain suckers to ensure a good harvest. It is best to plant during the rainy season. Dig holes about 30cm × 30cm × 30cm using a shovel, leaving a space of 6 to 9 feet between each hole. Place the sucker inside and cover the base with soil.
4 . Applying Fertilizer and Manure
To help the plantains grow well, apply organic manure or fertilizer. Do this 10 weeks after planting. You can mix both manure and fertilizer and apply them two or three times before the plantains start fruiting.
5 . Weeding the Farm
Keep the farm free from weeds, especially in the first 90 days after planting. Use either chemicals or manual weeding. It is best to weed 1 or 2 weeks after applying fertilizer.
6 . Harvesting and Selling
Plantains take about 9 to 10 months to mature. Once they are ready, you can sell them in local markets. The demand for plantains is very high, so selling them won’t be a problem.
Conclusion
This simple guide will help you start a profitable plantain farm, whether small or large scale. Don’t delay, start your plantain farming business today!
I am @nsigo1, thanks for reading.
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Interesting! Does look like a lot of work though, at least for me lol. Still a good business if well done like you said. Thanks for sharing.
Ahahaha, the job might looks tasky but not really.
Just get a land and buy the suckers. Them pay people to clear the land, plant and weed. Wait for your harvest