Over the years, agriculture has emerged as one of the most reliable sectors in West Africa. This sector keeps expanding gradually around the world, and there are hundreds of agribusiness ideas that can be quickly established.
With proper strategic planning, any individual having basic knowledge of farming and manufacturing operation can start a profitable agriculture business in West Africa.
There’s a surge of interest in the Agricultural sector in West Africa. A lot of entrepreneurs are taking on various areas of agriculture; disrupting and transforming it into viably successful endeavors using information technology. You don’t need a huge capital or farmland to get into the agriculture business. If you have a little piece of land in your backyard, you can still plant some crops in small or vertical containers to get the most out of your space.
Here are few lucrative agribusiness ideas that you can establish in West Africa;
Poultry farming is the process of raising domesticated birds such as chickens, ducks, turkeys, and geese for the purpose of farming meat or eggs for food. Poultry Farming in Nigeria is probably one of the most lucrative farming business you can do.
The quick maturity of chicken presents one of the finest opportunity for entrepreneurs to make good money within the shortest period of time possible. The demand for poultry products such as eggs is so high that people go about every day looking for where to get the supplies needed.
West Africa is the third largest producer of rice in Africa after Egypt and Madagascar producing millions metric tons on the average annually. Considering the fact that West Africa has a huge market for rice, if you are looking for a lucrative agribusiness idea, you need to seriously consider entering the rice farming business which is undoubtedly one of the most profitable businesses in the agricultural sector.
Fish farming is the process of raising fish commercially in the tanks & ponds for the purpose of producing food. Commercial fish farming has already been established as a profitable business venture all over the world. This agribusiness can be done at any time of the year. It requires modern techniques and moderate capital investment.
Interestingly, you can easily raise the fishes in tanks until they are ready for selling or marketing and they don’t need the wide capture of wild fish. Commercial fish farming also helps to preserve natural ecosystems.
With the increasingly diverse use of cassava products in West Africa, cassava farming is getting more lucrative with every passing day. This farm product has always been a source of lively hood and food for millions of people in Nigerian, one of the most populated countries in West Africa.
A large percentage of Nigerian households consume cassava products every day. Some of the popular meals made out of cassava are: garri, wheat-flour, animal feed, commercial caramel, and a lot more.
As the population of Nigeria and Africa as a whole continues to grow, the demand for cassava products will continue to skyrocket, leading to higher revenues generated by cassava farmers. If you’re looking for an agricultural business that would ensure you always almost sell out all your harvests, cassava farming is one great farming business to start.
Snail farming is considered to be one of the most lucrative agribusinesses you can start with low capital today. Yet, it is one of the most neglected animal rearing business in the continent. Snail farming provides one of the finest opportunities to make money within a short period of time.
Snail farming is a niche and unusual type of business. It’s very expensive to buy snail to eat because snails are very dormant during the dry season, they become increasingly scarce during this period and the market is starved of adequate supply until the next wet season.
This agricultural industry has expanded due to the rising demand for organically grown farm products. People are cultivating organic food since there are significant health dangers in foods grown with pesticides and fertilizers.