Farming to Invest Into in Nigeria
Farming in Nigeria has taken a dramatic turn to better directions in recent years, creating jobs and opportunities for Entrepreneurs who dare to go into farming Business. Millionaires are currently being made every year through Farming in Nigeria and there is no end to the prospects of creating more and more wealth through farming in the coming years.
There are good reasons why farming in Nigeria is currently doing very well and understanding these reasons will help any serious entrepreneur (no matter where he comes from) to think seriously about setting up Farm in Nigeria.
(1) There is no any other African country where Farming is as viable as it should be in Nigeria in terms of productivity and profitability.
(2) There is no other country where farmers are more advantaged as they are in Nigeria as regards demands — take a look at my top five reasons you need to start Farming in Nigeria now.
5 Reasons Why Farming in Nigeria is Irresistible
(1) Nigeria has a huge population of over 150 Million people, twice more than the populations of Zimbabwe and South Africa combined. The entire population of Nigeria depends on staple foods produced from farms and other farm produces for their daily meals and sustenance — and more than 80 percent of Nigerians buy their Farm Produce from the market.
(2) Nigeria has very large expanses of fertile farmlands laying fallow for nothing. Nigeria Land area when measured in sq km is about 910,770. The Land area of any country is the country’s total area, excluding areas that are considered to be water bodies. So, Nigeria has one of the biggest expanse of Land in Africa of which 70 percent is available for Farming.
(3) Nigerian Government is seriously turning it’s attention to promoting Farming in Nigeria to help boost food productions in the country and minimize foods importation. The government is willing to assist any would be Farming entrepreneur/investors with the necessary supports and logistics.
(4) Nigerians have very high purchasing power, far more than any other indigenous Africans — we buy things here and we pay cash! Talk about parties, Nigeria is the most merriment people on earth — the foods used for parties and merriment in Nigeria yearly can feed four other African countries.
(5) By the time Nigeria attain it’s full capacity utilization is agriculture, Farming in Nigeria will become great foreign currency earner more than as it already is. The implication is that Nigerian Farmers will be able to earn in Naira and in Dollars as well as Euros and Pound Sterling.
The prospect for Farming in Nigeria is so high that only a fool will ignore it. Having said that, let’s take a closer look at some of the types of Farming that does very well in Nigeria.
These two and more
1. Rice Farming – Nigeria has one of the world’s highest Rice consumption stat. Rice is by far one of the most popular staple food among Nigerians, almost every family eats rice daily in Nigeria. In 2011 alone, Nigeria spent N991 Billion on Rice importation and the rice we import is said to be nothing less than 10 years old in storage. That means we spends billions buying Rice that has since lost it’s nutritional values.
Any entrepreneur in Nigeria who goes into Rice Farming and get it right is sure to be smiling to the bank. A bag of Rice is currently sold for N8,000 to N10,000 depending on the quality. A farmer who is able to invest in large scale Rice Farming in Nigeria and produced 100,000 Bags of processed Rice in a year, sell at wholesale price of about N7,000 per bag, he will be making 7,000 x 100,000 = N700,000,000 ($5.5 Million)
You can achieve the above figures conveniently with less than Two hundred million Naira ($1.3 Million) capital investment! I’m currently looking for who to partner with in this. If you have the cash, I have the logistics and good plannings to achieve that. Serious investors only!
2. Cassava Farming -The popularity of cassava as the major source of food for Nigerians dates back to ages.
The list goes on and on, think about what we consume in Nigeria today equated to what we produce is so low. Your business passion for the economy should be towards our GDP and employment ratio to the unemployed.
More I will be updating soon.
Join the flow has you get the right niche to focus on, in the next two years agriculture will be that hot cake you wish your investment was in.
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