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$5.4 Million For An Alcohol Business??
As companies continue to downsize and cut salaries, the country itself is moving towards other revenue streams. The term farming, may sound crude, local, and less-profitable. This was a grave assumption made in the past. Today, people know better. This is a staple food in every Nigerian home and people eat it every week. 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. 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. 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. Widespread local production can cut the importation by half and create thousands of millionaires from growing grains alone. 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. 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. You can make money from blogging by setting up a blog on WordPress or Blogger. What are your thoughts on 5 agricultural business ideas you can start in Nigeria? Let me know by leaving a comment below.
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