How To Start A Lucrative Cattle Rearing Business In Nigeria: The Complete Guide
Cattle rearing is a thriving meat-based business in Nigeria as it comes with so many agricultural, economic and financial benefits.
According to reports, over 1.5 million cows get slaughtered annually to provide for Nigeria’s population of about 200 million people. The cattle provides about 30 per cent of the country’s meat consumption rate and approximately 80,000 cows get slaughtered daily.
Nigeria has about 13.9 million cattle; with a bulk of them concentrated in the northern region of the country. Cattle are found throughout Nigeria, but they are most common in the northern two-thirds of the country.
More than 1.4 billion cattle are kept worldwide today, of which one hundred and fifty-nine million (11 per cent) are in the region of Europe and Central Asia. Cattle rearing is, therefore, a critical and essential part of assuring Nigeria’s food security.
If you’re looking for a meat-based agro-business to venture into, cattle rearing is a great place to start.
What Is Cattle Rearing?
Cattle rearing is the process of raising cows for the production of dairy products, beef, and for use in manual labour on farmlands and other economic reasons
What Is The Cattle Rearing Business About?
The cattle rearing business refers to the monetizing process, which involves cows and their industrial products with the sole purpose of making and maximizing profits.
Business Opportunities Available In Cattle Rearing
1). Meat Production:
Nigeria consumes 360,000 tonnes of beef each year, accounting for half of all the beef consumed in West Africa; therefore this shows how well rearing cattle for meat production, and consumption would thrive.
2). Dairy Production:
Dairy products which include milk, butter, cheese are commodities produced from cattle rearing, and these are highly consumed daily all over the world; therefore making it a lucrative business to invest in.
3). Organic Manure Production:
These involve both solid and liquid cow excretes as they are rich in various enzymes and minerals which enrich the soil as fertilizers and protect the plants as pesticides, therefore, these are vital to farmers thus establishing a demand.
4). Cattle Sales:
The animals bred and reared can also be sold at a high price in the market
Facts And Benefits Of Cattle Rearing
- Nigeria has over 13 million cattle
- Cattle hide is used in textile production
- Over 80,000 cows are slaughtered daily in Nigeria
- Cows are the most used sources for milk production
- India has the most extensive cattle inventory in the world
- The United States is the largest producer of beef in the world, producing about 20% of the world’s beef
- Cattle perform heavy labour on farmlands
- Nigeria consumes 360,000 tonnes of meat each year
- Cow meat is high in protein and helps improve muscle mass
- This species of animals are immune to a large number of diseases
- The domestication of cattle began as early as 10,000 to 5,000 years ago
- Cattle are excellent sources of highly used products which include milk, yoghurt, butter, cheese
- Beef is high in vitamins and minerals
- Eating beef helps prevent iron deficiency anaemia
Types Of Cattle
There are various types of cattle, which include:
- Black Angus
- Red Angus
- Texas Longhorn
How To Start A Cattle Rearing Business In Nigeria
1). Acquiring Cattle:
Over 1000 breeds of cattle are recognized worldwide. Therefore there are many breeds to choose from as suits the rearers preference. IT’s key to select the right breed that sells the fastest in the market.
2). Securing A Location:
Setting up a cattle ranch should be in a good, highly safe and secure location which should not be far from the town or market for easy transportation, sales, and more.
It is also necessary to secure a large piece of land for the proper accommodation of all activities involved in the business.
3). Health Care:
A great breed in a healthy environment would lead to maximum cattle breeding which in turn provides healthy production rates and resistance to infections.
The involvement of a veterinary doctor can achieve proper cattle health, coming in handy in case of emergencies and full calf development.
At the start and as the business evolves, more functions would undoubtedly come up, therefore, the hiring of skilled workers will be needed to enhance productivity.
Cattle products are in high demand all over the country, and so, a cattle rearer can engage in business with companies that deal on dairy products trade the hide of cows which are used as textiles, or sell the cattle meat to abattoirs, restaurants and many more.
The possibilities of a cattle rearing business are endless.
Challenges Of Starting A Cattle Rearing Business In Nigeria
Here are some challenges that can affect starting cattle rearing in Nigeria, Africa, or many other places around the world:
- Inadequate funding
- Lack of proper cattle rearing ranches
- Improper cattle health care
- High maintenance costs
- Few developed cattle processing facilities
- Cattle pests and diseases
- Large capital required
- Market domination by the northern region
- Poor funding of research activities
- Pest and diseases
- Bush burning
- Lack of highly efficient storage facilities
- Lack of capital for large scale production
- Lack of easy access to the international market
- Instability of the international market price
- Lack of adequate government assistance
- Thieves and criminals
To Sum It Up
The cattle rearing business in Nigeria can be a lucrative and profitable venture to start-up, due to its vast market demand and on your own ability to build a wide supply chain network. If you’re looking for a farming business to venture into, the cattle rearing business in Nigeria is a great option to explore.
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