One of the most lucrative business sector across the world, including Nigeria, is agriculture. As such, some state governments have embarked on diversifying their revenue sources into this sector.
Certain initiatives, funding and even palliatives are already in place for those who intend to, or are already into agricultural value-chain.
Hence, there are lots of loans or financing options available for agriculture entrepreneurs in Nigeria.
There is a dedicated Bank of Agriculture operated by the federal government through the Ministry of Finance, Central Bank and Ministry of Agriculture. Similarly, many business lenders give lots of preference to the agriculture sector.
This, in itself, is a motivator for those who want to have multiple streams of income. So, even if you are a civil servant or having a full-time job, you can invest in agric business.
Here are agricultural businesses that will give you good returns on investment within a short period of time:
Poultry Farming
Chickens, ducks, geese, turkeys, and birds in general, would always be in high demand for their meat or eggs. Therefore, this puts poultry farming as one of the most lucrative agric businesses in Nigeria that you can do.
Also, another added advantage is the fact that the cycle for this bird growth is much shorter than planting. In all, it gives room for quick money both in selling bird meat and their eggs.
Snail Farming
The fact that snail farming is one of the least engaged agric businesses in Nigeria, creates a lot of room for opportunities. In reality, this business is very lucrative, allowing you to earn money within a short time. Also, if you can successfully grow your snails in the dry season, you’d make a lot of money.