Below are some of the very lucrative business ideas in agriculture you can venture into in Nigeria:
1. Fertilizer distribution business
Fertilizers distribution business involves buying and selling of fertilisers in large quantities. You can be dealing on both the organic and inorganic fertilisers. Your customers will include farmers and retailers.
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2. Poultry farming
Poultry farming is another business ideas in agriculture that is very lucrative which has over the years, transformed from the typical backyard farming into a techno-commercial industry. In fact, it is considered one of the fastest growing agricultural business sectors in Africa.
3. Snail farming
Snail farming simply involves raising snails for human consumption. Snails are highly proteinous, and also contain a high rate of iron and amino acids. It is also one of thelucrative agribusinesses to venture into in Nigeria because of the high demand for snails.
4. Fish farming
Are you in search of a business that you’d be able to run throughout a year? Then fish farming will be a great choice for you. You can also start it with a little capital on a small scale.
5. Broom production
I know quite alright that many families have advanced from using the traditional brooms to brushes. But a greater percentage of the populations still make use of those brooms gotten from the palm trees. On visiting the local markets, you’d see lorry loads of brooms being offloaded. You can also start it with a moderate capital.
6. Basket weaving
Basket weaving is similar to the broom making discussed above and can also be started with a moderate capital. One needs to possess a creative mind before venturing into this because it involves creating designs. You can start weaving and selling baskets from any location of your choice, including your home.
7. Livestock feed production
Livestock feed production involves the manufacturing of animal feed like poultry feed, goat feed, cattle feed, bird food, dog food and several other types. It is also very lucrative and can be started with a moderate capital.
This method of farming involves the raising and breeding of domestic pigs as livestock. One thing you need to know about raising pigs is that everyone won’t be patronising you. For instance, some religions restrict their members from eating pork. Not withstanding, you will still make good money because of the number of Nigerians that eat pork on a daily basis.
9. Chicks hatchery
A hatchery is a place where fertile eggs are hatched, most particularly on a commercial basis. It is the technique or method of using incubators to incubate and hatch fertile eggs. You can also make money from setting up a hatchery business in Nigeria.
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10. Goat farming
When talking about the most consumed meats in Nigeria, goats will definitely be topping the list. Goat farming is very lucrative, and you won’t have issues getting sales, especially during the festive periods.
11. Mushroom farming
Because of the nutritional values of the mushrooms, it is undoubtedly one of lucrative agricultural businesses to venture into in Nigeria.
By doing this business you can make good profits in just few weeks. It requires a low start-up capital investment. Even with a little knowledge of mushroom growing and with a farm mushroom farming business can be done.
12. Maize farming
Maize is one of the main cereal crops of West Africa and the fourth most consumed cereal during the past two decades, after sorghum, millet and rice in Nigeria. When talking about the production, Nigeria ranks the second highest in Africa and the 11th highest producers of maize in the world.
Maize can be eaten in used in the production of many different foods including egbo, kokoro, donkunnu, gwate, donkwa, couscous, aadun, nakia, maasa, elekute and many others.
13. Frozen chicken production
Frozen chicken sales and production business is another very lucrative agribusiness you can venture into in Nigeria. Many families prefer cooking it because of its convenience. You won’t have to pass through the stress of having to peel the feathers before cooking. In addition, you can also go for just the parts you like, instead of the whole chicken.
14. Palm farming
The palm tree is one of the most useful trees one can find around. You can get palm oil, wine, brooms, baskets and many other things from the tree.
This business ideas in agriculture however requires much, you’d have to get a large acre of land and wait for the first set to mature. After, you can start harvesting the palm fruits while planting new ones that will serve as a replacement in the near future.