₦airaland Forum

Hello nairalanders, I need your candid advise on this.

I have one million naira and I intend to invest it in pig farming somewhere in umuahia.

Kindly advise, if you have the experience, the viability of this business bearing in mind that I have to start from scratch.

Thanks

Demichaels:
Hello nairalanders, I need your candid advise on this.

I have one million naira and I intend to invest it in pig farming somewhere in umuahia.

Kindly advise, if you have the experience, the viability of this business bearing in mind that I have to start from scratch.

Thanks

Don't start any business without feasibility study. Don't believe hearsay.

Pig business is highly overrated. I don't advise that you rely on it alone for a start. because if you do, you WILL. Be frustrated. The business COULD begin to show some improvement over time.

To raise viable pig, you will need to buy feeds. This is where the major problem lies. Cos if you want to rely on junk feeds like potato peek6s and so on, it will take MUCH longer for your animal to attain maturity. And they could be susceptible to disease.

Quick estimate: under a very good feeding regime, your animal will attain 100kg weight within 6-8 months. Expect 20-50 naira profit per kg. Hence you are looking at 2000-5,000 naira per animal. The frustration will come if you are expecting the business to feed you and cater for your needs within the next two years. Because that will not happen. I will stop here. Tired of typing.

Go to the agric section. I believe the questions will be answered better there

Powersurge:
Don't start any business without feasibility study. Don't believe hearsay.

Pig business is highly overrated. I don't advise that you rely on it alone for a start. because if you do, you WILL. Be frustrated. The business COULD begin to show some improvement over time.

To raise viable pig, you will need to buy feeds. This is where the major problem lies. Cos if you want to rely on junk feeds like potato peek6s and so on, it will take MUCH longer for your animal to attain maturity. And they could be susceptible to disease.

Quick estimate: under a very good feeding regime, your animal will attain 100kg weight within 6-8 months. Expect 20-50 naira profit per kg. Hence you are looking at 2000-5,000 naira per animal. The frustration will come if you are expecting the business to feed you and cater for your needs within the next two years. Because that will not happen. I will stop here. Tired of typing.

Thanks. Are u in this business?