5 Profitable Agricultural Businesses You Can Start In Nigeria Today

5 Profitable Agricultural Business Ideas You Can Start In Nigeria Today
5 Profitable Agricultural Business Ideas You Can Start In Nigeria Today

The fall in the international price of crude oil has made the Nigerian economy a mess. As companies continue to downsize and cut salaries, the country itself is moving towards other revenue streams. It’s a no-brainer that agriculture is the next big thing in Nigeria, and with people losing their jobs and businesses failing, one lucrative area to invest in is farming.

The term farming, may sound crude, local, and less-profitable. This was a grave assumption made in the past. Today, people know better.

See Also: How To Access And Get Agric Loans In Nigeria


If you’ve been down-sized, or are looking for a business to invest in, here are 5 profitable agricultural business ideas that you can start today:


1). Fish Farming:

Over 50% of Nigerian households will eat something that contains fish today. That’s right, Fish! This is a staple food in every Nigerian home and people eat it every week.

The fishes that are most highly in the demand are cat fishes and tilapia. There’s weigh more than enough market for them in Nigeria, and they will always sell out of your stock as soon as they’re grown, based on the buyer’s specifications.

The size of your fish farm determines a lot in how profitable you’d be. The larger your space, the larger your fish products, and the potentially higher your sales would be. Hotels, restaurants, fast-foods, and hospitals (homes inclusive) buy a lot of fishes on a daily basis. This agricultural business idea is one you can start today.

See Also: Aquaculture: How To Start A Profitable Fish Farming Business Anywhere In Africa


2). Cassava Farming:

The demand for cassava products in Nigeria cannot be accurately quantified. The uses and demand far exceeds the supply.

By-products like garri, fufu, and bread, are the daily staple foods of almost every Nigerian. 95% of Nigerian households consume one of these meals everyday.

The endless uses of cassava for meals, and even for alcohol has made it’s demand far exceed it’s supply and as such, many local farmers are reaping good profits from growing this crop. It’s diverse use has overtime made it one of the most profitable agricultural business idea (at a good scale) any entrepreneur can start.

See Also: How To Start A Cassava Farm In Nigeria: A Comprehensive Business Plan


3). Poultry Farming:

The consumption of chickens and turkeys in Nigeria & Africa as a whole is sky rocketing everyday. Thousands of tons are consumed daily and the local supply cannot meet the demand. This has resulted to subsequent importation of thousands of poultry products into the country on a daily basis. This market deficit alone shows the potential of poultry farming in Nigeria. No wonder even an ex-president of Nigeria reportedly owns one of the largest poultry’s in Africa.

With a small space in your backyard and little cash to buy day-old chicks, you can start this agricultural business idea.

Poultry farming in Nigeria and Africa as a whole is one of the most highly profitable agricultural business ideas you can start today!

See also: How to start a profitable poultry farming business in Nigeria


4). Grain Farming:

Nigerians and Africans as a whole consume millions of tons of rice, wheat, and oats every year. These are standard meals that every African family consumes in a week. In Nigeria for instance, almost every home eats rice on Sunday afternoons. Most other homes consume wheat everyday, and others consume oats. These meals account for a very large volume of food consumed in the country.

What’s more interesting is the fact that Nigeria still imports thousands of tons of grains everyday. In 2013 alone, Nigeria imported wheat worth $1 billion dollars. This shows the true potential of grain farming and it’s possibilities. Widespread local production can cut the importation by half and create thousands of millionaires from growing grains alone. This is one lucrative agricultural business idea you can startup.


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5). Tomato Farming:

Did you know that over $500 million dollars worth of tomato pastes are imported into Nigeria every year? Yes, $500 million dollars! The answer is simple, the supply is far lower than the demand.

This is one agricultural venture that goes unnoticed. A lot of people tend to look elsewhere never realising that this profitable enterprise has always been staring them in the face.

If you’re looking for lesser competition, grow tomatoes. Once you can find a way to transport, grow (in a large scale) and keep them looking fresh for a long time, the sky would be your stepping stone!

This agricultural business idea is one you can easily start today in your backyard and grow from there.

See Also: How To Start A Lucrative Tomato Farming Business In Nigeria


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What are your thoughts on 5 agricultural business ideas you can start in Nigeria? Let me know by leaving a comment below.


Image source: fruitpickingjobs.com.au

Stan Edom
Stan Edom
I'm an entrepreneur with expertise in supply chain management, international trade, small business development, e-commerce, internet startups, renewable energy, and agriculture. I'm also a network engineer, I.T security expert, and computer programmer. In my spare time when I'm not working out at the gym, I try to solve problems people face in their everyday lives with whatever means necessary.

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    • Hi Veronica,

      These agribusinesses are profitable majorly for the African continent; especially Nigeria. Depending on the country, variations may exist. But over time, the blog will cover multiple opportunities based on various locations.

      Thank you for the comment.

  1. agricultural business is indeed a very lucrative business ,that involves every day massive consumption. there is a whole lot of opportunities in there. since the crude oil sector, is now a big man thing, lets start small,soon every body will get to know how profiting the agricultural sector is too.

  2. Poultry farming goesbeyond egg and selling broiler. Poultry feed and processing poultry product could be money spinner as well. Fresh or frozen chicken productipn could also be a good start up. It may be capitalintemsive though

  3. Thank you very much Mr Stan for this call to treasure reconnaissance. I have overtime been planning and making budgets to venture into agriculture, especially aquaculture. I didn’t just want to do this alone as I have an associate, who is also planning to venture into the cassava farming. But having taken an overhead estimate for the fishery business, considering the tendering of about 850 fingerlings to maturity, I was having a mandatory sum of about 350k. And that money I don’t even have.
    So my question brother is: what way can one attract the attention of the government to obtain loan, especially as it is a fund aimed at improving the economic mesmerisation as we have it now in Nigeria? Which of the prospective agricultural projects would catalyze this vision. God bless you

  4. can I start buying and selling of rice, beans, garri and akpu, I don’t know how lucrative these is and am going in to whole sales. your advice please Mr. Pashcal

    • Hi Hannah,

      It’s best you conduct a market research through vendors already into the wholesale chain.

      When I have more information on this, I’ll write an article about it.

      Do lookout for it.

      Thank you for asking.

  5. Hello @stan obviously your writeup is very interesting & inspiring. However, I ve two agric Biz in mind (water melon & pepe) but don’t know how much will one need to start any of this business. Secondly, I don’t know any readly market available for this business I need ur advice and guidance sir. Thanks. Amsah Hassan Abdulmalik. My email is: [email protected]

    • Hi Amsah,

      I’ll be posting step by step guides on those two agribusinesses soon.

      Do look out for them.

      Thank you for asking.

  6. Hello StanEdom, do you offer training to indenting farmer. Within Lagos? Please contact and location is required.

    my contact 08099923579.

    • Hi Tobechi,

      Soon we’ll start hosting a series of workshops across Nigeria.

      Do lookout for when an announcement would be made.

      Thank you for asking.

  7. Hi Stan Edom
    It’s very nice to check about your articles. Am looking to start for pomegranate fruit cultivation.
    Looking for right horticulture people to go along with in better methods

    • Great to know that Balamurugan.

      I’ll be glad to help out in any way I can.

      Have a great time!

  8. We sell grass cutters for affordable price for those that are willing to start up grass cutter farming we sell in colony and single you can come down to the farm for inspection and we also do nation wide delivery to any location thanks …contact for more info on 09036729050

    • Hi Abdul,

      I’d advise you first carry out a market research to determine your target market first.

      Thank you for asking.

    • Hi Patidar,

      I’d advice you reach out to a local company into agricultural consultancy.

      Thank you for asking.

  9. Pls i need help i want to start a business food stuff, pls i need money to start so that i can support my family

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