Nigeria is a country blessed with an abundance of Agricultural resources and produce.
From North to South, East to west of Nigeria exists diverse agricultural produce peculiar to each of the states and geographical zones.
Nigeria has three key necessary ingredients sine qua non for not just development of Agricultural resources but also marketing of the produced and processed food produce.
These three critical parameters are; Land, Water and Population.
Nigeria is blessed with 84 million hectares of arable land, 50.4 million hectares (60%) of uncultivated land, A whole year of sunshine, 230 billion cubic meters of water and almost a 200 million population.
Hence, not just do we have the water and fertile land for food production (crops and livestock), we also have a huge population and market to consume the food we grow.
Unfortunately, Nigerians annually still spend over $10 billion annually importing food products and items that we can grow and also find a market for them locally.
A huge gap currently exists between the local production figures of most food produce and their demand and annual consumption rates. Consider the following;
- Our annual demand for fish in Nigeria is currently put at 2.7 million tons per year, while our current local supply is 0.7 million tons.
- Our annual demand for chicken in Nigeria is currently put at 200 million birds per year, while our current local supply is about 140 million birds.
- Our annual demand for tomato in Nigeria is currently put at 2.7 million tons per year, while our current local supply is about 0.8 million tons.
- Our annual demand for milk / diary in Nigeria is currently put at 2.0 million tons per year, while our current local supply is about 0.6 million tons.
The same trend in gaps and deficit between supply and demand exist for other key food produce; wheat, rice, maize, Sorghum, Snail, soybean, oil palm, cocoa etc.
These gaps and the recent import restrictions on key food and Agro produce therefore present huge opportunity for existing and prospective Agrobusiness investors to make money by making informed investments in these key areas where gaps in supply currently exist.
The need to also earn foreign exchange in the current era of FOREX instability especially for Importers has opened the door for most companies to diversity into Agro commodities Investment and Export.
Let us therefore, examine some of the Agrobusiness ventures that existing and prospective investors can leverage their investments, make money and grow the local economy;
- Agro Commodities Investment; Local Investment and Export of key commodities. i.e Sesame seed, Raw cashew nut, Ginger, Shea Butter, Hibiscus, Cocoa, Palm Kernel, Palm Kernel, Palm Kernel oil, Soybean etc.
- Poultry Farming; Broilers or Layers( Exploring Processing opportunities in frozen chicken and dressed chicken sales)
- Fish Farming; Catfish Farming (Exploring processing, smoked fish)
- Snail Farming
- Key Agro commodities Farming; Sesame seed, Raw cashew nut, Ginger, Shea Butter, Hibiscus, Cocoa, Palm Kernel, Palm Kernel, Palm Kernel oil, Soybean etc.
- Maize, Cassava, Plantain Farming; Exploring processing opportunities also
- Greenhouse Farming for Tomato, Lettuce, Cabbage, Cucumber, Pepper etc
- Agro Inputs Sales and Distribution (Seedling, Agro chemicals, Feeds, Vaccines, Fertilizers etc)
- Agro Equipment Leasing and Sales
- Agro produce marketing
Are you currently in Lagos and environs? Interested in investing in Agriculture and Agribusiness in Nigeria in the following areas?
- Agro commodities Investment and Export (Sesame Seed, Ginger, Raw Cashew Nut, Soybean, Shea Butter, Hibiscus etc)
- Poultry Farming (Broilers and Layers)
- Fish Farming (Catfish Farming being most prominent)
- Snail Farming (AA or AM)
- Crops Production (Maize, Cassava, Soybean, Tomato, Vegetables etc)
- Greenhouse Farming
- Interested in Best ways to Assess Agric loans and Finance
Wait until you have attended the forthcoming Lagos Agribusiness Investment Clinic, scheduled as follows;
Date; Saturday, 24th June, 2017.
Venue; Chemline Event & Training Centre, 7 Obasa Road, Behind Forte Oil Filling Station, Off Oba Akran Avenue, Ikeja, Lagos.
Time; 9;30 am to 5;30 pm
To Register; Text name and email to 08035044364 or fill form below or
- Investment opportunities in Agro commodities & Export; Business Plan, what you need, capital and documentation.
- Poultry Farming; Broilers or layers; Pitfalls, Cost estimates
- Catfish Farming; Tackling marketing. Processing opportunities, Cost estimates
- Snail Farming; Choosing AA specie over AM, cost estimates, domestic and commercial snailery cost estimates
- Crops production; What you must know, Per hectare estimates, ROI, Challenges
- Greenhouse Farming; Foreign or local, costs, challenges
- Available Agric loans and grants and how to assess.
Pictorial Images From Our Previous Workshops