7 Low Cost Agribusiness Ideas That Sell In Nigeria

Some Previously listed Ideas can be read here. 

1. Grass cutter Farming
Grass cutter is the second largest rodent in Nigeria and it is endemic to Africa. It breeds successfully in captivity and is capable of reproducing twice a year with litter size varying from two to six.

They are primarily vegetarian and can be raised to maturity entirely on fresh grasses. They prefer plants with high moisture content and soluble carbohydrate. Field studies reveal that they do not burrow so they may be caged or reared in a fenced pen on the ground.

Grass cutter is worth considering for use in husbandry in the humid forest where poor grazing and harsh environment limits the performance of conventional livestock.
 

 Ranching of grass cutter as a backyard mini livestock would therefore improve the lot of the peasant farmers, provide an alternative source of animal protein, create job opportunities for urban dwellers.

 

2. Buy Charcoal from the rural areas and resell in the cities
Do you know that you can make 100% profit if you buy your charcoal from the farm or production site and sell to the retailers; a bag of charcoal (32 to 35kg bag) is being sold for N50 to N650 from the farm, while the retailers sell to the final consumer at N1500 to N2,000 per bag. 

 

All you need to do is to buy the charcoal from the farmers and bring it down to the major cities like Lagos, Abuja and Port Harcourt and resell to the retailers.

But it is advisable to find out if they have an association in your vicinity, joining the association will allow you to operate with peace of mind. 

 

Alternatively you can sell to exporters as a large market exists in EU, USA and ASIA with prices ranging from $170 to $300 per ton (FOB Nigerian Port), depending on mode of packaging. The charcoal industry is a multi-million dollar industry and a money spinner for interested investors.

3. Snail Farming
Snail meat has been severally affirmed as a most safe and nutritious delicacy.
In these days of increased coronary implications and other health implications, snail producers are certain to hit it big because many people are shunning away from beef or red meat. 

 

It is also pleasing to note that snail production venture could be kick-started with a little initial capital. The best period to commence snail farming is the rainy season, you can start about 50 to 60 snails to have a good knowledge of how snail breeding works.

Make sure you go for a fully matured and big nails as they are sold in bunches of 20 pieces and the prices ranges from N1,800 and N3,000 per bunch. It is better to buy the big ones so that you can expect them to hatch after about 35 days on location. About N10,000 should get a new entrant started in the business

4. Coconut Juice Production
From fresh chunks of meat to milk, creams, and powders, the flavor of coconut is a distinctive addition to hundreds of sweet and savory recipes. If properly packaged roasted and sliced to pieces with sugar, you can sell for between N20 to N100 depending on the quantity and the level of packaging. 

 

You can make good money buy selling in wholesale to retail outlets and supermarket, but make sure your product is well branded, with your company’s name and contact.
With a good marketing plan, you are sure to make a lot of money with this business.

5. Production of Herbicides,Weed Killer Or Weed Crusher
Another major problem confronting every farmer in Africa, especially in Nigeria, is the problem of getting rid all the unwanted crops (weeds) from the farm, which successfully compete with crops and exhaust the soil nutrients. 

 

The cost of weeding takes between 50 –60% of the total cost of farming but the good new here is that, there is a formulation of chemicals which is crop and environment friendly. Herbicides market is a virgin in Nigeria- meaning that if an investor produces 20-30 tonnes daily, he will still sell all. No single investor can meet the herbicide demand in Northern Nigeria alone, not to talk of other zones.

6. Bee Keeping and Honey Production
Honey is manufactured in one of the world’s most efficient factories, the Beehive. Bees may travel as far as 55,000 miles and visit more than two million flowers to gather enough nectar to make just a pound of honey. 

 

A litre of pure honey now goes for between N1000 to N2000. You can sell your Honey to high net-worth individual, busy executives who prefer to take pure honey than sugar, I know some honey dealers who are ready to give out their honey at a ridiculously low prices, all you need to do is to package it for the local or international market.

7. Roasted and Toasted Plantain (Dodo and Boli) And Plantain Chips Production
Only few Nigerian have realized the money-spinning prowess of this delicious delicacy, and if properly packaged, with a good marketing strategy put in place, you are sure to make a lot of money.
It is popular among the working class as a quick mid-day meal.

For Plantain Chips, After removing skin, unripe fruit can be sliced (1 or 2 mm thick) and fried in boiling oil, to produce chips. Plantain Chips’ if they are made of green plantains that taste starchy like potato chips. Just make sure you put your label, the more you produce, the more money you make, because majority of Nigerians love plantain chips.

Read more Agribusiness ideas here.