Nigeria: a lucrative farming business you can do in 2022

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Agriculture is one of the most lucrative industries in the world, including in Nigeria. Thus, some state governments have undertaken to diversify their sources of revenue in this sector.

Some initiatives, funding and even workarounds are already in place for those who intend or are already in the agricultural value chain.

Hence, many loans or financing options are available for agricultural entrepreneurs in Nigeria.

There is a dedicated Agriculture Bank operated by the federal government through the Ministry of Finance, the Central Bank and the Ministry of Agriculture. Similarly, many commercial lenders have a strong preference for the agricultural sector.

This, in itself, is a motivation for those who want to have multiple sources of income. So, even if you are a civil servant or have a full-time job, you can invest in agriculture.

Agricultural business for 2022

Here are agricultural businesses that will give you good returns on investment in a short time:

Poultry farming

Chickens, ducks, geese, turkeys and birds in general would always be in high demand for their meat or eggs. Hence, this places poultry farming as one of the most lucrative farming activities in Nigeria that you can do.

In addition, another added advantage is the fact that the growth cycle of this bird is much shorter than planting. In total, it makes it possible to earn money quickly both in the sale of bird meat and their eggs.

Snail farming

The fact that snail farming is one of the least engaged agricultural activities in Nigeria creates a lot of opportunities. In fact, this business is very lucrative, allowing you to earn money in a short time. Moreover, if you manage to grow your snails during the dry season, you will earn a lot of money.

Rice cultivation

Since the ban on the import of rice by the government of Nigeria, rice farming has boomed for farmers. Nigeria still does not meet local demand, which makes rice expensive in the country. If you are looking to get into farming, you should really consider rice farming.

Catfish farming

As a Nigerian, you shouldn’t be shocked to see catfish farming on this list. The fact is that Nigerians love catfish due to its sweet and tasty nature, as such there is a high demand for the animal all year round. In addition, catfish farming is very easy to set up, as it can be done at home. Moreover, it can be sold in different ways, for example smoked or fresh. It is used in many specialties in Nigeria.

palm oil company

Palm oil is gold. Most of the things you use, from cream to soup and more, are made from palm oil. There are many companies around the world that import palm oil from Nigeria. This business is very lucrative.


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