Agricultural business ideas in Nigeria come in many forms, from vegetable farming to poultry farming. This article aims to give you an insight into some of the ideas that are feasible for people with little capital who want to start a business. With Nigeria’s ever-growing population, the market is vast and there is space for more than just a few business ventures.
In this article, we will share 50 agribusiness ideas in Nigeria to make you consider your best options. However, one of the most important things to note when starting out in a new business is to have an idea of your target market. Know your target market very well and make sure you have a good understanding of the market. Let’s start now with a list of lucrative agricultural business ideas:
Best 50 Small Agricultural Business Ideas in Nigeria
1. Vegetable Farming
Vegetable farming is one of the profitable agricultural business ideas in Nigeria due to demand at the local market and a huge population. Because of the tropical weather in Nigeria, people prefer to eat fresh vegetables, and it is very common to see people buying vegetables from the roadside or from big markets.
To set up a vegetable farm, you will need some land for planting. You can buy land or rent it out from someone who owns it. Plant as many vegetables as you can and cover up large areas with impermeable sheeting to retain moisture.
2. Cassava farming
Cassava is the main staple food in Nigeria and many Nigerians eat it for breakfast, lunch, and dinner. Cassava plant is a perennial grass that produces edible starchy roots. It is widely grown in different parts of the country.
The demand for cassava is high in the country and a good harvest will have you making a profit month in month out. Cassava is easy to cultivate, and it grows well even with little care.
3. Snail farming
Snail farming is a good agricultural business idea for homeowners since it is easy to start with little capital. The snails are a food source in Nigeria, and they are raised on farms as well by farmers.
In addition to ensuring that you have plenty of snails that you can harvest, you need to know how to ensure snails breed with each other and mature faster. Snail farming is another profitable business idea at the moment in Nigeria.
4. Honey Bee Farming
Honey is in high demand in Nigeria and many people sell it at the roadside. Honey bees are very easy to keep since they do not cause any trouble when kept as a pet.
You can start with a few hives of bees and sell honey at the local market and create your own homemade honey products. Just make sure you train yourself how to harvest honey from honey bees without killing them.
5. Poultry farming
Poultry farming is one of the lucrative agricultural business ideas for someone who has little capital. Raising poultry is a profitable business, as you get eggs and meat for daily consumption and also sell them, especially with the rising demand.
Poultry farming involves breeding healthy chickens to increase the population of your farm and making sure that you have enough food for them. You can sell the eggs at the roadside or market them at your home.
6. Rice Farming & Processing
Rice is a staple food in Nigeria and people across the country consume it daily. Rice farming is an agribusiness idea in Nigeria with high demand in different regions of the country.
You can start by cultivating a small plot of land, as well as growing milled rice seeds to grow more rice plants. Milled Rice needs less water than growing paddy rice, which makes it an ideal idea for home-based business owners who have little capital.
7. Cucumber Farming
Cucumber farming is one of the small agricultural business ideas in Nigeria with high profits. The demand for cucumbers is very high in Nigeria, especially among the rich and middle-class people.
Cucumbers are widely grown in different regions of the country, and they can be sold to restaurants, hotels, and even individuals within a short period. You can set up a greenhouse to protect them from the sun to aid their growth.
8. Catfish Farming
Catfish is a good protein source for many Nigerians, and it is one of the different agricultural business ideas in Nigeria with high demand. Catfish farming is easy to start with very little capital, and you can harvest catfish after only three months of keeping them.
You can guide yourself on how to feed and raise the catfish and how to sell the catfish at your home. Catfish farming is a lucrative business idea if you have little capital that you can harness.
9. Egg Distribution
Egg distribution has been a profitable home-based business idea in Nigeria, where people have been buying eggs from the roadside and selling them at their homes.
Eggs are used in many ways, and they are sold in different forms such as buffalo, hen, duck, and run. You can also sell them to customers at the market, and you can use these to make an income.
10. Rubber Tapping/processing
Rubber processing is a new home-based business idea in Nigeria. Rubber is one of the most widely spread materials across the country and rubber tapping for processing is a profitable business.
You can start by buying a few rubber trees and taking care of them as they grow up, to ensure that you have rubber at the end of every harvest season. Rubber tapping is a profitable business, and it has many benefits.
11. Cattle farming
Cattle farming is one of the most lucrative agricultural business ideas in Nigeria and many people sell livestock at the market. The main reason why people have been making money from cattle farming is that there is a high demand for it.
The more cattle you sell, the higher the income that you can get from the business. It is easy to start with a cow and make money by selling it at a high price to potential buyers at the market.
12. Dried fruit business
Dried fruit business is a good home-based business idea in Nigeria, where there is a high demand for dried fruits and nuts. You can start by drying fruits at your farm and selling them in bulk to different buyers.
12. Processing of Palm wine
Palm wine is a very popular alcoholic drink in Nigeria, where it is sold at the market. The demand for palm wine has been increasing over time and this has also been a profitable home-based business idea in Nigeria.
You can start by buying palm trees to start tapping the tree to encourage the growth of more palm plants on your farm. Also, you can sell palm wine at the local market, and you can use this to make an income.
13. Fruit Processing
The popularity of the fruit processing business in Nigeria has been increasing, owing to the high demand for fruits like pineapple, orange, pineapple, and banana. Fruit processing is a profitable business idea and there are different ways in which you can make money from it.
You can collect fruits from the market and sell them to people at a higher price, or you can buy fruits from farmers and make fruit juice drinks to sell. Either way, you can make an income.
14. Flower Farming
Flower farming is a profitable home-based business idea, where people make money by selling flowers at the market. There are a lot of people who are crazy about flowers and this is why the business has been quite successful.
It is hard to grow flowers without proper hydration, so you need to ensure that the soil where you grow flowers is well-hydrated and regularly watered.
15. Mushroom Farming
Mushroom farming is a profitable business idea in Nigeria, owing to the high demand for it. Mushrooms are consumed in various foods and beverages in the country and you can sell them at a higher price.
You can start by growing mushrooms from mushroom seeds and the business will be more profitable if you rely on lots of them.
16. Quail Farming
Quail farming can be a profitable business, especially if you sell the birds at a higher price. Many people want to eat quails, which is why they are sold at very high prices. It is also a good business idea because you can breed quail in your backyard.
17. Poultry Feed Production
The number of poultry farms has been rising rapidly in Nigeria and there is a need for poultry feed that is suitable for consumption by these birds.
You can make a lot of money by producing poultry feed and selling it to farmers in your local area. The demand for poultry feed is high in Nigeria and you will have lots of customers if you are known as a good producer.
18. Onions Farming
Onions are one of the best home-based business ideas in Nigeria, where there is a huge demand for them. They are eaten as a vegetable and also used as medicine in many ways. You can grow onions from bulbs and sell them at a higher price.
19. Pepper farming and processing
Pepper is a very essential spice in Nigeria, where it is used in almost every dish. It is also used as a medicine and this has also been a profitable home-based business idea in Nigeria.
You can start pepper farming by buying pepper seeds and planting them in your backyard or at any other place.
20. Charcoal Business
Charcoal is a highly demanded product in Nigeria, where it is used as an alternative to gas or kerosene for cooking. You can start a charcoal business production by buying logs and processing them to make charcoal and sell.
21. Cotton farming
Cotton farming is a profitable home-based business idea in Nigeria, and the demand for cotton is high. This can be a good business if you know how to grow cotton plants on your land. Even without an agricultural business plan you can start and make serious money from this business by supplying in bulk to companies.
22. Tea farming
Tea plants are sold all over Nigeria by various sellers and if you buy such plants, you can start a profitable tea farming business. You can make a good profit if your tea is available in stores, as people always want to buy good quality tea.
Beekeeping is a good marketable business, and it is also a profitable home-based business idea in Nigeria. Bees are bought for their honey and wax, which are used as food, medicinal substances, feeding substances, and cosmetics. You can start by buying beehives, which are made of metal.
24. Produce processing
There is a need for produce processing in Nigeria, where people want processed foods and drinks. If you can produce processed fruits and vegetables that are safe for consumption, you will have many customers to sell them. It is easy to start with a small production and sell the products at the market.
25. Honey production
There is a need for honey production in the country, and it is also a profitable home-based business idea. You can start by producing honey from bee colonies and selling them at the market or at home. People will purchase your honey because it is safe to consume.
26. Cassava Grinding
Cassava is consumed in a variety of foods across Nigeria, and it can be refined to make yam flour. You can process cassava at home to make different foods, drinks, and soups. You can also sell processed products at the market.
27. Plantation/Land management
Land management is a business that requires only basic knowledge, where you will have to care for and maintain a farm or plantation. You will have to take care of the plants and make them grow. You can also hire workers to help you in the management of the plantation.
28. Fish Farming
Fishing is another good business idea in Nigeria, where there is a demand for fish products. You can sell fish at the market and make a good profit. If you are a good fisherman, you will have lots of customers who want to buy your fish.
29. Chicken Meat Production
People who have chicken farms can make a good profit if they want to process their chickens to make meat and sell. Chicken meat is a high-demand product so you will be able to sell it in the market at a higher price.
30. Stock Feed Production
There is a need for stock feed production in Nigeria, where people are producing feed for their animals. You can produce feed using corn and sell it to farmers at the market in your area.
31. Fruit Production
Fruit production is a popular business idea in Nigeria, where there is a high demand for exotic fruits. You can start by growing fruits at your farm and selling them at the market. You will also have a chance to make your own juices from fruits.
32. Watermelon Production
Watermelon is used in many foods across Nigeria, where it is eaten as an appetiser, dessert, and medicine. You can start by growing watermelons at your farm and then sell them at the market.
33. Sugarcane Farming Business
Sugarcane farming is one of the best agricultural business ideas in Nigeria, especially if you have plenty of land. You can buy sugarcane seeds and plant them. Sugarcane stems can be processed into sugar once every season.
The demand for sugar is very high in Nigeria. Sugarcane growing is also lucrative, and many Nigerians buy it from the roadside. Which implies it has a readily available market.
34. Carrot farming
Carrot is one of the best home-based business ideas in Nigeria and people eat large quantities of this vegetable, where it is used as an appetiser and dessert. You can start by growing carrots at your farm and selling them in the market.
35. Corn farming
Corn farming is a good business idea in Nigeria, where there is a high demand for corn. It can be used to make various foods and also give you profit. You can start by growing corn at your farm and selling them at the market.
36. Wood Carving
Wood carving is one of the many small home-based business ideas in Nigeria, where people make different types of ornate and beautiful items from wood. You can learn and start by buying different types and sizes of wood and making different items such as tables, chairs, and other furniture.
37. Banana and Plantain Farming
Bananas and plantains are two of the most important foods in Nigeria. These fruits are used in a variety of foods, drinks, and sweets. You can start by growing your own bananas or plantains at your farm and then selling them in the market.
38. Farm equipment repairs
Farm equipment repairs are a good business idea in Nigeria, where farmers will always need to fix some broken equipment such as tractors, harvesters, and other tools. You can set up a makeshift workshop and start repairing farm equipment.
39. Seedling Production
Seedling production is a good business idea in Nigeria, where there is a demand for different seeds and plants. You can start by growing seeds or seedlings at your farm and selling them to farmers around.
40. Spice Production
Spice production is a good business idea in Nigeria, where there is a demand for spices from companies and exporters. You can start by growing spices at your farm and selling them at the market.
41. Goat Farming
Goat farming is a good business idea in Nigeria, where there is a high demand for goat meat. You can start by buying goats, taking care of them, and then selling them at the market when they are fully grown.
42. Shrimp Farming
Shrimp farming is a popular home-based business idea in Nigeria, where you can start by buying shrimp and then growing them at your farm. You will have to take care of the shrimp colonies and make sure that they don’t die.
43. Snake catcher and pest controller
Snake catcher and pest controller is a business that you can start with little or no capital, where you will have to catch snakes in people’s farms or homes. You can also handle other pests such as cockroaches and rats in the house.
You can start by buying equipment to catch snakes or pests. You will need to get adequate training to be a snake catcher. But, you don’t need to learn anymore if it’s your family inheritance,
44. Groundnut farming
Groundnut farming is a popular business idea in Nigeria, where there is a high demand for groundnuts. You can start by growing groundnuts at your farm and then selling them in the market or stores after processing and packaging them.
45. Palm oil sales
Palm oil sales is a good business idea in Nigeria due to the high demand for palm oil. You can buy palm oil from main suppliers and resell it in a market for higher profits.
46. Garri Production
Garri production is a good business idea in Nigeria, where there is a high demand for garri, especially in the southern parts of the country. You can start by growing garri and selling it in the market at a higher price.
47. Mango Farming
Mangoes are very popular in Nigeria, where it is eaten as an appetizer and dessert. You can make a substantial income by growing mangoes at your farm or backyard and selling them in the market or marketplaces.
48. Grain Storage
Grain storage is a profitable business idea, where you can buy and store grains in your home and sell it when demand increases. People often require grains immediately after harvest, and you can store the grains until they are needed.
49. Turkey Farming
Turkey farming is a good home-based business idea in Nigeria, where there is a high demand for turkey meat. You can start by buying turkeys and then raising them until they are fully grown, then you can sell them at the market or to restaurants.
50. Plantain Chips
Plantain chips is a popular snack in Nigeria, where it is sold in stores, markets, and markets. You can start by growing and drying bananas at your farm and then sell them to markets for a higher price.
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Frequently Asked Question
What type of farming is most profitable?
There is a high demand for certain crops such as palm oil, groundnut, cocoa, maize, and rice. Therefore, they are the most profitable small agricultural business in Nigeria. Farmers make tons of money selling these crops to companies and exporters.
What are the top 10 most profitable small business in Nigeria?
There are many small businesses in Nigeria, but the ten most profitable small businesses in Nigeria in the agriculture sector based on demand are as follows; Cocoa production, Cashew production, oil palm production, Rubber tree plantation, Garri production, Groundnut farming, Rice farming, Yam cultivation, Vegetable farming, and Snail farming.
How to start agricultural business in Nigeria?
To start an agricultural business in Nigeria, it is important to start by buying equipment and farm tools such as tractors, harvesters, and pumps.
Here are the things you will need to buy before starting an agricultural business in Nigeria; Seeds, fertilizer, pesticides, an irrigation system, a water system or well for watering plants, and planter or seeders for planting crops like vegetables and fruits.