It also gives you an edge while applying for loans from the government or other private financial institutions in Nigeria. Once you have placed an order, your business plan will be made available just within 2 weeks. This is for the people asking if coconut business is profitable in Nigeria or coconut business profits. “At some point, there were about 70 trucks of coconut at the border, and they couldn’t enter and the cost of coconut went up. There are available pesticides in the market that you can use to control the incidence of these pests in your coconut plantation in Nigeria. This particular farm product has always been a source of food and a source of revenue for millions of Nigerians. Getting into the agriculture business does not require a huge amount of money or large farmland. As such, in this post, we’ll share some lucrative agricultural farming ideas with you. Coir Dust It is used in the production of coir dust, cake and insulators, 11. This presents an opportunity to exploit! The pork market in West Africa alone accounts for about $3 billion in consumption value. A grown goat could sell as much as N20, 000 or more. Getting your seedlings ready are an important requirement as well. Thanks. The coconut milk is a combination of coconut meat with water in order to create a very creamy texture that is similar to cow milk. RE: How Does One Become a Successful Forex Trader as a Beginner? Commonly referred to as the “tree of life”, coconut has a wide range of uses. It will also interest you to know what Ojefoh Enahoro Martins who was once the deputy managing director of Peniel Gerar International Limited said. Depending on the specie of coconut you plant, by the third year, you can start harvesting a minimum of 100 coconuts per tree. Make that call today. That shouldn’t deter you as there are platforms where you can fast loan. I’m in ldenau along gulf of guinuea coast lineCameroon; l will want the dwarf variety .The qty will depend on the price/seedling in cfa.Futhermore , the state of your business . These are very important food nutrients obtained from Cocoyam. Transportation= ₦7,000. See Also: How To Start A Lucrative Fruit & Vegetable Farming Business In Nigeria Or Africa: The Complete Guide . Equipment and tools needed for coconut flour production2. Just by hugely investing in coconut plantation farming business, Nigeria can make over $2.5 billion on a yearly basis. Are you thinking of going into catfish farming? Coconut Oil It is used in the production of edible cooking oil, industrial oil, hair oil, massage oil and fuel extender illuminant. There are some profitable farming business ideas you might not be paying attention to, early starters in these businesses are already making cool money. Only the lazy will not find such... Firstly, you need passion to stay long on forex market. Cocosheath It is used in the production of bags, caps, slippers and helmet. The federal government has identified coconut as (part of) six or seven critical cash crops in the country. Coconuts are also used in the preparation of delicacies like chocolate, crepes, candy etc. In 2011, the figure rose to 265,000MT before dropping to 264,814MT in 2012 and then eventually settled at 266,045MT, 267,520MT in 2013 and 2014 respectively. The coir, a natural elastic fiber taken from coconut husks, can be used to make floor mats, brushes, ropes and strings. Coconut is one of the greatest gifts of nature to man because it produces a wide range of products. Mar 28 th, 2018 12. Commercial pig farming is advantageous because pigs are highly productive breeders and can birth 10 to 14 piglets in a single delivery. There’s a very high demand for catfishes annually. Even if you join leading online marketplaces, you still have to ship to them to ship to the customer. 7. This involves weeding, as well as piling more soil to the base of the stem. You are advised to have all the needed information on the different coconut planting space patterns before you select any of them. Agriculturists classify coconut as a drupe which is a fruit, a nut and a seed in one. Different coconut products, their market and uses, Coconut Oil ProductionCoconut oil is one of the leading products generated from coconut farming. By clicking "Sign up" you indicate that you have read and agree to the privacy policy and terms of service. 20 Fastest Methods to Invest With Small Money in Nigeria, 11 Attributes of Appenzell Goat Which Makes It A Unique Breed, Irresistible Benefits and Value of Gold Investment in Nigeria, Top Cryptocurrency News Today, Friday, September 18, 2020, 12 Lucrative Agricultural Farming Business Ideas in Nigeria. Mature nuts are also easy to identify by the brown coloration of their epicarp. Do we have any Nigerian farmer who plants pineapple on large scale? Instead of producing 1 litre of coconut oil for #1,500, one will end up producing for #3,000. Marketing and distribution of coconut products, 7. SEE ALSO: How to Start Vegetable Farming in Nigeria. The compacted soil must be plowed and all stumps in your farm removed to ensure adequate drainage. Apart from consuming the fruit and water, the parts of the plant are also used by many industries such as pharmaceuticals, beverages and cosmetic industries. Our coconut value chain training is focused on these 3 areas:Coconut FarmingCoconut farming is a cash-tree that receives very little attention. The first step to gaining access to our coconut processing video tutorials is by creating a free account on Agricdemy. Yet, it is one of the most ignored animal rearing business in the country. The demand is mostly highest from restaurants, bars, football viewing centers, and market women who buy in large quantities and sell in retail either as live or smoked catfish. The industrial supply gap of over 5,000 metric tonnes of virgin coconut oil presents an opportunity for smart farmers and agribusiness entrepreneurs to take advantage of. “So, with all this coming up the demand on coconut is going to become higher and the cost on the street is also going to become higher unless something is done. 3. You can get a good number of them in the hospital during antenatal and postnatal. This requires tilling the soil. Also to run coconut manufacturing for good profits you have to operate a medium or large scale production. (adsbygoogle = window.adsbygoogle || []).push({}); Cocoyam is a popular food crop in Nigeria and a staple food for many communities in Nigeria. For the spacing of your coconut in your coconut plantation, it is recommended that you plant not more than 70 coconut palms in one acre of land in West Africa. Mushroom Farming In Nigeria: How Profitable? With these genetically modified coconuts in your coconut plantation, you are sure of approximately 500 million liters of coconut water, 200 coconuts per tree, and about 60% of coconut oil production. If you don't have the land to plant coconuts, you can focus on processing coconuts into oil. Husk It is used in the production of mattress, coir fiber, bottle brush, rope, net, upholstery, fuel, soil conservator, mulch, rugs, geotextiles, 6. Every year, several billions of naira are spent on rice importation, though it seems the administration of President Muhammadu Buhari realised the potential Nigerian farmers have in this neglected profitable agricultural business in Nigeria. 100 Naira × 200 nuts = 20,000. Pig farming is also one of the most lucrative and profitable livestock businesses in Nigeria. The coconut flour can serve as a substitute to other flours in food recipes. You harvest the mature nuts immediately you start noticing that at least one of the nuts in the oldest bunch is drying up. You can see the vast opportunity that is laying waste in coconut plantation business in Nigeria. Fuel and charcoal can be produced from husks and coconut shells. Notify me of follow-up comments by email. “We don’t have enough coconuts in Nigeria presently; 80 per cent of the coconuts that are used in this country are imported and the cost of importation is getting higher and higher everyday,” she said. “Here in the north, they eat a lot of coconuts, so the coconut comes from Ghana and they truck it everywhere to the north and other parts of the country, immediately after the border closure that is when we realised that the coconut that we are eating is from Ghana. This leads to the production of up to 17,000 coconuts per acre. It can be more than that you know depending on the size. Asians are the major producers of coconut oil; Ghana are equally doing well in Africa contributing immensely to their economy through coconut processing business. Provided you have the land, you can invest as low as N50, 000 for a start and start making thousands of naira within a shortest possible time. Nigeria has one of the world’s highest Rice consumption stat. I’m sure you’ve heard a lot about the potentials of catfish farming in Nigeria, and how it is capable of making you millions of Naira. Coconut belongs to the Arecaceae family and is the only species of the genus Cocos. Having said that, let’s take a closer look at some of the types of Farming that does very well in Nigeria. Numerous by-products are obtained from Maize. Okechukwu Nnodim, Abuja . With appropriate strategic planning, anybody having a simple knowledge of farming and manufacturing process can begin a profitable agriculture business. The computation assumes you have your own power and water sources, if no, there are expenses for these. In Nigeria, Lagos State is naturally blessed with a vast coconut belt made up of 135km2 (135,000 hectares) coastal line.