Are you thinking of starting up your own Agribusiness in Nigeria this year?
Do you want to setup a side farm hustle? Startup a lucrative farming hobby? Or build a Profitable Agribusiness Company that will generate millions and billions in annual revenue for you?
This List can guide you in choosing the right Agricultural Enterprise for you.
This list is a product of extensive research and over 15 years of experience as a Farmer and Consultant; planning, building and growing Agribusinesses in Nigeria.

This list is by no means exhaustive...

**PROI (Potential Return On Investment): This means, after breaking even (i.e. getting back all the money you invested in starting up), how much profits can the Agribusiness yield annually.

Without further ado, here are the Top Ten Profitable Agriculture Businesses to Startup this year in Nigeria:

10. Maize Farming and Processing: Intercropping with Legumes (Soybeans, Cowpea, Melon, etc) [PROI: 100 – 200%]

9. Yam Farming and Processing [PROI: 200 – 300%]

8. Poultry Production and Processing [PROI: 200 – 400%]

7. Oil palm Plantation and processing. [PROI: 300 – 400%]

6. Cassava Production and Processing [PROI: 300 – 500%]

5. Piggery Farming and Processing [PROI: 400 – 600%]

4. Plantain Farming and Processing: (Flour, Chips, etc) [PROI: 400 – 600%]

3. Fish Farming and Processing: [PROI: 400 – 700%]

2. Grape Farming and Processing: A lot of people don’t know that grape farming is possible in Nigeria. [PROI: 400 – 700%]

1. Vegetable Farming and Processing [PROI: 600 – 1000% +]

3 Factors that can significantly affect the profitability of your Agribusiness:

• Management practices: Skill and experience of the manager, farming system and technology employed (mixed farming, irrigation, greenhouse, RAS, hydroponics), quality of inputs (seeds/seedlings, feeds/fertilizer, pesticides etc), and management efficiencies (minimizing wastages, turning waste to wealth).

• Scale of production / Rate of turnover / Volume efficiency: Understanding your Farm Economics to produce at a scale that maximizes Production Efficiencies, and avoids Diminishing Returns.

• Value addition: This factor is so important that it could impact your profits by over 200%. Add Value to your raw farm produce by processing into finished goods (eg Oven-dried Fish, Plantain Chips, Cassava Flour, Tomato Paste, grape juice, grilled Pork etc), and packaging into branded materials.

JidennaJason:
Would love to go into poultry farming full time.

that's the most risky and unpredictable business venture.

phantom24:
that's the most risky and unpredictable business venture.

Dear phantom24,

I love going into the "most risky and unpredictable business" I love challenges.


Thanks.

JidennaJason:
Dear phantom24,

I love going into the "most risky and unpredictable business" I love challenges.


Thanks.

ok good luck, i hope u hav undergone a training cos Ordinary it looks simple?

Fish farming is my next target....



Will love to have artificial pond and I know it's very expensive...but the catfish there will be of good size compare to what we have in market these days...


And secondly, I will use it to screw lots of babes that love eating fish pepper soup....

yanabasee1:
Fish farming is my next target....



Will love to have artificial pond and I know it's very expensive...but the catfish there will be of good size compare to what we have in market these days...


And secondly, I will use it to screw lots of babes that love eating fish pepper soup....

� get started then,
Firstly; you push yourself well into the market by offering what's uncommon.
Secondly; it might screw you instead.
Good luck BTW.

JidennaJason:
Would love to go into poultry farming full time.

That's a good agribusiness to venture into. Last I checked, there was a ban on the importation of poultry products into Nigeria. This means you have a ready sizable market for your produce (meat and egg).... And you can choose to do something special, by adding value, and creating a unique product.

phantom24:
that's the most risky and unpredictable business venture.

There is no business venture without risk. In fact, the greater the risk, the greater the reward.
What is important to thrive is taking calculated risks. This means having the right information, and taking the right actions.
Poultry Farming is absolutely not the riskiest agribusiness to venture into. Not even close.

JidennaJason:
Dear phantom24,

I love going into the "most risky and unpredictable business" I love challenges.


Thanks.

You have the Right Mindset.

yanabasee1:
Fish farming is my next target....



Will love to have artificial pond and I know it's very expensive...but the catfish there will be of good size compare to what we have in market these days...


And secondly, I will use it to screw lots of babes that love eating fish pepper soup....

Fish Farming is my personal favorite.... Not because I make the fish pepper soup to screw anyone oo
The funny thing is that once you start farming fishes, your appetite for eating fishes will reduce to almost zero... I'm talking from my experience.

Fish farming maybe capital intensive, but it is alsopossible to start small and grow the business.

Setting up a Hatchery Facility gives you an edge over other farmers without one, as you can select the best broodstocks for breeding and best fingerlings to stock in your fattening ponds.
Also, you would have a secondary stream of income through the sale of fingerlings and juveniles to other fish farmers.

ChuksDaVinci:


There is no business venture without risk. In fact, the greater the risk, the greater the reward.
What is important to thrive is taking calculated risks. This means having the right information, and taking the right actions.
Poultry Farming is absolutely not the riskiest agribusiness to venture into. Not even close.

Ok can u pls mention the most risky agro venture you've ventured into cos i'm speaking from experience.

phantom24:
Ok can u pls mention the most risky agro venture you've ventured into cos i'm speaking from experience.

Risk is subjective. Everyone perceives risks differently, and what might be high risk to you, might be low risk to another, and vice versa.

The difference in perception, most time, is down to knowledge: How much do you know about the venture? What information do you possess? Do you possess the skill and experience required?

Another factor that can determine how risky a venture is to you is Value: How important is the venture to you? What do you stand to lose? What is at stake?

We actually define our risks, and calculate how much we can risk.

Now, is Poultry Business the riskiest Agro Venture? Absolutely Not.
Which then is the riskiest? This would be the Agro Venture with the highest stakes (financial or otherwise) and the least information available.

So... You Decide.

Remain Ever Blessed.

ChuksDaVinci:

Expantiate on the cassava aspect please

What's the cost of setting up an acre... What variety is the best... How much can you get from an acre and who are the people that buy

please what do you know about artificial insemination in animal husbandry?

And please how about cocoa farming? it used to be amongst one of the most lucrative agricultural products to venture into, why the decline?

Nezzjnr:

Expantiate on the cassava aspect please

What's the cost of setting up an acre... What variety is the best... How much can you get from an acre and who are the people that buy

Hi. Sorry about the late response, I've been busy on a project.
I'll soon write an comprehensive article on Cassava Business, soon. From Farming, to Garri processing, and even export of Dried Cassava.

If you need more info, urgently, reach me directly on the Contact above.

Thanks.

Nyamuriflathead:
please what do you know about artificial insemination in animal husbandry?

I do. It simply means collecting sperm cells from male animal and inserting them into the female animal's reproductive organ.
The process is a little different for every class of animal. For example, artificial inseminations in fishes (Induced breeding / Hypophysation) requires the male to be sacrificed, and milt sac (sperm sac) collected; while the female (gravid / sexually mature) is injected with hormones to stimulate egg production.... and so on.