Which Farming Is Most Profitable In Nigeria?
Farming in Nigeria is one of the most profitable businesses to venture into, agriculture accounts for over 20% of Nigeria’s GDP but just as about 80% of Small and Medium Enterprises (SMEs) fail in Nigeria in their first year, your farm can also fail if you go about it without proper knowledge and the needed skill.
If you are looking to start farming in Nigeria and are uncertain about how to get started. This in-depth guide explains all the information you need to start a profitable farm in Nigeria.
What is Farming?
Rearing animals and planting crops for family consumption are some of the activities we usually term “Farming”. But to make it clear, Farming goes beyond these two. Farming is the basis of agriculture.
The raw materials used in the production of different finished products are all generated through farming. Some of these raw materials include cotton, timber, cocoa, wheat, coffee, palm oil, and others. This is to say that on a large scale, farming can be defined as a business aimed at producing raw materials for personal, industrial, and commercial purposes.
Types of Farming
There are different types of farming you can venture into in Nigeria. Whether you intend to start one solely for personal use or business reasons, any of this type of farming is worth investing your time in. Some of them include;
- Maize Farming
- Snail Farming
- Plantain Farming
- Poultry Farming
- Fish Farming
- Rice Farming
Maize, also known as corn in some parts of the world, is one of the most consumed cereal. Aside from human consumption of maize as food, the cereal also has many industrial uses. Maize is used in commercial industries to produce many maize-based products such as maize syrup, animal feed, additives, corn starch, corn ethanol and many other products.
Maize is one of the most profitable crops to cultivate around the world and is always in demand. If properly cultivated and stored after harvest can serve as a steady means of income. In 2020, despite the pandemic, farmer members of Babban Gona recorded a bumper maize harvest of more than double of the country’s national average.
On a smaller scale, maize is used domestically in Nigeria to produce local foods such as corn pudding, pap and others. One key benefit of growing maize in Nigeria is that the plant can grow on any type of soil.
Snail farming as the name implies is the breeding of snails for human consumption and commercial use. Going by Commercial use, slime from snails can be used in the formulation of cosmetics. Its function in cosmetics is to serve as an anti-ageing agent. Most cosmetic companies source this mucus from snail farmers. Thus, this type of farming is likely to be a great source of income if you venture into it.
Plantain farming involves the cultivation of well-developed plantain suckers to grow new ones. Plantains grow well in loamy soils and are best planted during the rainy season.
If you intend to make money from plantain farming, it’s suggested that you invest in acquiring a large plantation. This will help you produce in large quantities for the commercial market.
However, if your interest is just in growing plantain for yourself and your household, a small portion of land would be ideal.
Raising healthy birds such as ducks, chickens, and turkeys are termed poultry farming. This can be done for personal consumption or commercial purposes. For commercial purposes, the birds and their eggs are used in manufacturing poultry products. Some of the poultry products manufactured using birds include chicken sausages, eggnog, and others.
Fish farming is another type of farming you can practice in Nigeria. This type of farming entails breeding fishes in an aquatic environment. The aquatic environment can be a pond, a cage structure, or a recycling combined construction.
Although amongst farmers, the most common system for rearing fishes is by the use of a pond system. This pond system requires water in which aquatic plants can grow.
The essence of growing water plants in ponds is to provide an aquatic environment for the fishes. If you are just starting as a farmer, a simple pond system in your home farm might be all you need.
Rice is one of the most consumed foods in the world today. Most families eat rice-based meals at least three times a week. That’s to prove how much of these grains get consumed, month in month out.
Growing rice, as it’s done in other parts of the world, is the same here in Nigeria. To successfully cultivate rice in Nigeria, you will need adequate rainfall, sun, and a PH range of 5.0 – 9.0. Also, when starting rice farming, you need not worry about the type of soil, as the plant thrives on any soil type.
More so, Rice farming like every other kind of farming can be done for either personal or commercial reasons.
How to Get Started With Farming
Now you are aware of what farming entails. Next on the bucket list is to get started by following step-by-step instructions. Knowing fully well you wouldn’t want to waste resources playing a trial and error in this venture, below are basic things you should do to get started;
Go for Proper Planning
An estimate of how much it will cost you to start a farm should be your first point of action before launching out. Research about the cost of farmland, crop seeds, tools, and equipment.
Also consider the cost of maintaining your farm and general farm materials like equipment, chemicals, fertilizers, and utility bills.
A rough estimate should help you make better financial projections for your new farm.
Research and Pick a Type of Farming
Before you pick a type of farming to practice in Nigeria, do due diligence to research all things about it.
Ask questions and make inquiries about the best species of plant with regards to your environmental climate. Identify the length of time required for its cultivation and harvest. Let’s say, for instance, you aim to start growing rice – it’s important to know if your chosen species of rice is disease-resistant, has good moisture content as well as excellent shape and size.
Also, ensure that your type of farming is lucrative. Though this could only be relevant if you intend to farm for commercial purposes.
Identify an Ideal Land for Farming
The land consists of soil and other earthly properties. Every plant has its specification of soil type to grow on. The soil used for growing cassava will never be suitable for growing rice.
As a farmer, your responsibility is to identify the perfect soil for your crops before starting a farm. You should check for soil properties such as the absence of toxic chemicals, soil texture, PH level, structure, presence of organic matter, percentage of air and water, porosity, and chemistry of the soil.
You can assess your soil properties seamlessly by taking a sample from your land and analyzing it in a lab by a soil scientist.
Groom Your Land
Now, after identifying the ideal land for farming, next on the list is to groom your land. A land that lacks adequate nutrients and organic matter would likely not yield healthy crops. Thus, endeavour to put your land in good condition before planting a seed therein.
The use of fertilizers, crop rotation, and the growing of legumes in the soil are effective ways to groom your land. Whichever one you choose to apply in your land, the result is that your land gets more fertile, which in turn brings high yield.
After proper planning has been done, land groomed and plant seeds picked, next on the list is – to start cultivation! Your farm is ready to have seeds grow and mature on it.
To register your farm, search for an Agricultural Organization saddled with monitoring farm practices in your state and register under them. Some of these organizations include Rice Farmers Association, IFDC, and Agricultural Society of Nigeria.
Which Farming Is Most Profitable In Nigeria?