The Best 7 Farming Business Ideas In Nigeria
Nigeria is famous for its natural resources, so the country is suitable for conducting agricultural and farming business. The business contributes over 22% of the Nigerian GDP, based on FAO in Nigeria 2021. Many of the farming products are used for the needs of the local community, and some are exported. If you are interested in running a similar business, you can read the business ideas below.
1. Chicken Farming
You can run a farming business in Nigeria by meeting the need for chickens. Nigeria uses specific technology for egg hatcheries. The artificial method of hatchery helps the process of hatching eggs with more live chicks than the natural hatchery process. Before you run the business, we suggest you find a loyal restaurant or market to sell the chicken to in the future. The capital you need to hatch the egg is indeed a lot. However, you can start by purchasing a small amount of hatching technology. After you buy the hatchery technology, you should provide something else. Examples of them are labor, water, and electricity.
2. Fertilizer Products
You can also run the fertilizer product after the chicken farming. You can use chicken manure and process it into fertilizer. The fertilizers include organic fertilizers, which are good for the environment. The process of making chicken manure into fertilizer is also easy. You can also make fertilizer from goat droppings. Goat manure can be processed into fertilizer with certain methods.
3. Snail Farming
Snails have great uses in the world of health and cosmetics. Many Nigerian farmers raise snails. The business needs a low-cost budget for space, food, and snail seeds. You can create the cage snails at home. The space in the cage for the snails is not big, so it will not disturb your daily comfort at home.
– Bees Farming
Bees produce honey and beeswax, which are very useful for humans. You can decide to run the bee farm with a small budget. Anyway, you should learn about the types of bees, the products, how to make high-quality honey and beeswax, and so on. The whole knowledge can be obtained by self-taught methods, such as learning from the internet and books. Remember to find the market and customers too so that you can gain profit as soon as possible after farming the bees. If you already get the maximum profit for the current capacity, you can choose to increase the existing capacity.
– Catfish Farming
You can find many types of fish in Nigeria, such as catfish. Many Nigerians have the hobby of keeping catfish in aquariums and fish ponds. The catfish can also be eaten, and the meats have tasty textures. The catfish meat has a juicy texture too, with the right seasoning. Some of the catfish can be cooked using the smoke technique.
– Rabbit Farming
Humans can also eat rabbits, so it has great prospects in Nigeria. The taste of the meat is different from goat and chicken. It has a little bit of a sweet taste to the meat. The budget for farming is quite large because you can feed the rabbits with weeds.
– Goat Farming
The weather in Nigeria is suitable for farming goats. The weather allows the farmer to get high-quality milk and goat meat. The prices for feeding, housing, and caring are affordable.
You can choose the farming business that is suitable for you based on the explanation. Remember to learn more deeply about the business you want to do.
