Benue State is acclaimed as the nation’s “food basket” because of its rich and diverse agricultural production. The state is blessed with fertile soil that produces a wide range of cereals, root plant and pasture for livestock.
Benue state also happens to be the third largest producer of tomatoes in Nigeria, of course with the potentials of being the number-one producer of this value-chain commodity.
Here are Seventeen Lucrative Benue Agro-business to start in 2018:
1). Fruit juices Business
Fruit juice business is also one of the lucrative business ideas in Nigeria. Nigerians consume quite a good proportion of fruit juice. You can join that sector. It should be noted that it is quite capital intensive. If you can afford the money, then you will be okay and money will flow in.
Yam is considered the most important food staple in West Africa where 70% of the total yams produced worldwide comes from. Every year, festivals and rituals are carried out in different parts of the region to mark the arrival of the new yam. Apart from these festivals and rituals, there is a huge profit in yam farming business currently in the country Nigeria. Five hundred by five hundred meters size of farmland could yield you 50,000 tubers of yam which is valued at N10 million ($50,000) at one dollar per yam.
3). CASSAVA FARMING
Over the years, cassava has transformed from being a subsistence crop to an industrial
cash crop, as it is being processed to products such as starch, flour, glucose, and
ethanol. This transition has placed a demand on cassava, thus creating opportunities for
youths, entrepreneurs, marketers, and industrialists. Recently, the International Institute of
Tropical Agriculture (IITA) and the Nigerian Root Crops Research Institute (NRCRI),
Umudike released two improved varieties of cassava: UMUCASS 42 and UMUCASS 43.
The potential maximum yield of the two varieties is between 49 and 53 tonnes per hectare,
according to pre-varietal release trials that were conducted between 2008 and 2010 by
the NRCRI breeder, Dr. Chiedozie Egesi. Local varieties produce less than 10 tonnes per
The varieties are also resistant to major pests and diseases that affect cassava in the
country, including cassava mosaic disease, cassava bacterial blight, cassava anthracnose,
cassava mealybug and cassava green mite.
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4). MAIZE FARMING
Maize is one of the most popular staple food both for animals and for the crop.
It can be eaten when cooked or dried, shelled and use for animal feeding.It can also be used in making varieties of food ranging from palp to kunu e.t.c
This is why the importance of maize cultivation cannot be overemphasized in Nigeria.
People are being empowered and made rich through this crop alone as testified by Umaru
Zaki of Benue state who make about 2.4Million naira just in maize cultivation last year.
Cultivation of A hectare of maize can generate cool cash for you. This is an opportunity to start
your own farm now.
5). RESELLING AND EXPORT OF CHARCOAL.
this is one of the lucrative business that requires the little amount of capital, 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 N450 to N550 from the farm, while the retailers sell to the final consumer at N1000 to N1,500 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.
Also, you can make use of rural people to source for a log of woods, then it can be burned using petrol and cut into large pieces, packaged, transported and sold in the city. 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 the mode of packaging. The charcoal industry is a multi-billion dollar
industry and a money spinner for interested investors.
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6). FISH FARMING
Over the years, quite a few people have made fortunes from fish farming, as the population is swelling and protein needs are far outstripping the available supply.
Food is always a winner in any country or environment if done well. Fish farming is a sure bet business if you put the right structures in place. More and more people are turning to fish for its low cholesterol protein. All you need to do is to get a space, buy or construct tanks, buy finger links for between N10 to N20 and feed them for 4 to 6 months, then sell from between N500 to N1,500 depending on weight and size.
The breed of fish to train is your choice to make. You can choose to specialize in Catfish, Tilapia, etc.
Frozen Chicken Production Many Nigerians have come to depend on imported frozen chicken for quite a while now and this is in detriment of local poultry industry and the subsequent health implication because of the long voyage from Europe or wherever, the imported product is usually preserved with
chemicals, some of which are said to be injurious to health. A lot of people prefer not to go through the stress of slaughtering and preparing live birds because frozen chicken can easily be stored and used at will, thereby saving time; and many people think it is cheap too. Start-up requirement is space, knives, tables, basins, heat source, stove heater, soap, hand towel, extra hands, freezer, and generator.You
need to go directly to the chicken farms to source for your live birds cheaply You can also position yourself to supply small hotels, restaurants, and eateries.
7).Export Agricultural Product From The Rural Area.
Agricultural Export trading guarantees good returns on Capital on the almost monthly basis. Exporting Wood charcoal, Palm kernel shell, Cow horns, Gallstones, Bitter Kola, Cashew, Ginger, Gum Arabic Chili pepper, bitter kola, coconut, okra, yam, etc and earn good returns on investment. It might interest you to know that the gap between you and the millions of naira or dollar waiting for you in this business is
nothing but the “basic understanding of an export business process.” Understanding the fundamentals of an export business process especially as it concerns securing a genuine export order or contract with a well-secured method of payment is the basic requirement in this business, and then you are on your way to making unimaginable loads of money. You can also become an export broker which is
one of the easiest and most rewarding ways any prospecting exporter can raise money to go into full-time export business.
Starting from a little or no capital, an export broker could earn large finder’s fee with absolutely unlimited resources.
8).Foodstuff Retailing or Grocery Service
In today’s busy and sophisticated world, convenience has become a real business opportunity. Foodstuff like rice, beans yams plantain, potatoes, onions, pepper, oil etc. These items can be bought in bulk, cleaned and packaged in specific portions and sold directly to end users. Many people who are unable to find time to shop will be relieved to know that they can just make a phone call and the groceries are delivered.
Get a list of people you know who may patronize you. If you can get them to pay up-front, then you are better up with cash flow.
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9).URBAN AGRICULTURE OR CROP CULTIVATION.
The trending challenge and impact of rural-urban migration have continued to generate great debates since the last three decades. Urban employment problems are a result of the phenomenal growth in
urbanization and the inability of these urban centers to be able to utilize or absorb the urban labor that was created through the process of urbanization.
Approximately 50% of Nigerians are urban dwellers. At least 24 cities have populations of more than 100,000 Those moving from rural to urban areas constitute certain classes, categories, and strata of the society that are basically plagued with certain social and economic problems in which poverty ranks highest and most fundamental.
So without wasting your time, this article will highlight in details, some lucrative business ideas and opportunities you can engage in towns or villages rather than remaining unemployed.
10).Livestock Feed Production
The production process is not so difficult. The ingredients required are mainly, maize,
soya beans, fish bone, sorghum, groundnut, blood meal, wheat, rice shaft, additives etc.
All these can be sourced from the market, any animal consult outlet, or any agricultural product
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11). Start Selling Fresh Fruits
Without any doubt, this is a business that should be checked out. With a little professionalism and good public appearance or hygiene, you can make money in this business because a lot of people who live in most of our highbrow area, like to eat fresh fruits especially if it is neat. Some people even prefer it served chilled.
So if you have blenders and an extractor, then you are bound to make a lot of money. A lot of people are tired of all these artificial juices in the market and I bet, they will pay and still thank you for giving them the natural source of vitamins which is needed in this age of fast foods and artificial flavors.
12). Rabbit Rearing
There is no law prohibiting the keeping of rabbits in Towns and Cities. A backyard can serve as a
good source of additional income, food, and employment; thus reducing poverty, hunger and
idleness. Rabbit does not compete with humans for food, as kitchen leftovers, cut grasses and formulated
or compounded feed can sustain them. Rabbit keeping does not require much capital for investment and maintenance. As little space is needed, most rabbits could be kept in the backyard or in the abandoned sheds.
13). Mushroom Farming
Mushrooms are a natural phenomenon that can give you much money. The untapped potential of
these fungi is so much that if you invest in the venture, your room can no longer be your bank.
Mushrooms are rich in vitamins, protein, and minerals; they are favored over meat or even fish
by some people, considering the nutritional value and superior health implications.
There are two main broad categories of mushrooms;
- The edible and the non-edible (which is poisonous).
- The deliberate mushroom cultivation is therefore
essential to eliminate the imminent threat of mistakenly gathering the dangerous type. The start-up requirement is mushroom shed or house, sawdust, Polythene bags, Spawns/mushrooms seeds, Urea/nitrogen fertilizer, Lime, water, ceiling machine, weighing scale, extra hands, Refrigerator.
14). Grasscutter Farming
Grasscutter 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. Grasscutter 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 a lot of the peasant farmers, provide an alternative source of animal protein, create job opportunities for urban dwellers.
15). Herbs, Flowers Framing and Gardening
Walking through a grocery store, a herb store, a health food store and even in gardening sections
of home centers, you will find herbs in their dry forms to be used by consumers. Using the right equipment in your home garage or shed or by building a greenhouse, you can start and raise both herbs and plants to resell to larger outlets and to the consumer as well.
Plants are the basis for all landscapes, homes, gardens and even for brightening offices. You will
pay pennies for packets of seeds and make way more when selling starter plants. The more space you have, the better you are going to do. If you really have the space in your landscape and outdoor garden, creating gardens where you will grow plants and drying them out will add so much to your inventory and you can make great amounts of money selling dried flowers to retailers, wholesalers and even flower shops themselves.
15). Snail Farming
Snail meat has been severally affirmed as a safest 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 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 range 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.
16). Poultry Feed Production
A lot of people are going into poultry farming business, so venturing into the feed production certainly won’t be a bad idea, there are many poultry farmers out there looking for feed, so if you the guy producing the feed, then the chance of them buying from you is 86%.
You can just do a research to check for the kind of feed that will promote growth and healthiness in the bird before you can fully start production.
17). Plantin Farming
Creating or starting a plantation is very lucrative in Nigeria, the opportunities are huge because of the rate of demand for banana and plantain, and they are sold are a very high rate.
18). Rice Farming
Rice farming is straightforward and requires not much expertise, anyone can cultivate and harvest rice, irrespective of your experience and background in rice business.
on the other hand, Benue State is acclaimed as the nation’s “food basket” because of its rich and diverse agricultural production. The state is blessed with fertile soil that produces a wide range of vegetables, fruits and pasture for livestock.Hence rice production is a lot easier for anybody that will want to give it a try.
19). Orange Farming
Mandarin orange (Citrus reticulata) is most common among citrus fruits grown in Nigeria. It occupies nearly 40% of the total area under citrus cultivation in Benue. sweet orange (Citrus sinensis) and acid lime (Citrus aurantifolia) sharing 41, 23 and 23 % respectively of all citrus fruits produced in the country.
20). Tomato Farming