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Top 5 Easy Ways To Make Money From Palm Trees In Nigeria.

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Farming in Africa

If you’re a Nigerian or you’ve been here, then the word palm tree will not sound new to you. In the Eastern region, it is popularly known as Nkwu. The other regions have unique names for it too, however it is most popular in the east.

According to researches, there are over 1001 unique products that can be gotten from the palm tree, now imagine how many millions nature has embedded into this wonderful tree at creation.

The Phoenix Dactylifera, the Date Palm, is one of the world’s oldest palm trees. It doesn’t grow in Nigeria, but is a member of the palm tree family. There are so many other species of this wonderful treasure.

The palm tree is also one of the strongest in the forest, and withstands most harsh atmospheric conditions. Let’s see a little more about it:


Scientific name: Arecaceae
Family: ArecaceaeBercht. & J.Presl, nom. cons.
Higher classification: Arecales
Rank: Family
Kingdom: Plantae

There are so many unique things about this tree that make it special. It is not like any other tree in the forest.

Ten Things That Will Amaze You About The Palm Trees

1. Not all palm trees are “trees,” and not all plants called “palms” are truly palms.
2. There are over 2,500 species of palm trees.
3. They are very important religious symbols.
4. Palm trees are made up two different types of leaves which are the palmate and the pinnate.
5. Many types of staples come from palm trees.
6. Palms grow best in USDA Zones 8-10.
7. The tallest palm tree can grow up to 197 feet tall!
8. Of every plant on Earth, the coco de mer palm tree has been discovered to have largest seeds.
9. Palm trees have a history with humans as old as the first societies.
10.  They are the sources of palm wine.

What Products Can We Get From The Palm Tree?

As we have said earlier, there are over 1001 products which we can get from the palm tree. They range from the fruits to the leaves and even stem.
Let’s check out some of them below.


1. Palm Oil: This seems to be the most popular product we get from the palm tree. It is gotten from the palm fruit and is used as cooking oil in most parts of the world.


The palm oil is a very healthy source of vitamin, and it’s far more nutritious than people think. It contains saturated fat which is not bad after all. It is also good to the economy.

2. Brooms: How many times have you bought brooms in the past few months? When I go to the villages, I see lorry loads of brooms that I wonder who uses then. You can join the mass production of brooms and with time, you will get a breakthrough through it.

3. Baskets: I once saw a lorry load of baskets heading to the north. I was so much amazed. Some people go to the Eastern Nigeria villages, buy baskets in bulk and transport them to the other parts where they will be used for different purposes.

4. Palm wine: …so sweet that you will ever ask for more! Have you ever thought about buying and reselling this product? You can even sell it at your fast food spot or restaurant as an extra menu. It’s all about innovation.

5. Mats: The leaves can be used to produce mats for commercial purposes. Dangote became a billionaire by investing in so many small things, why not do something similar? It’s not about how much you invest, but the right strategies.

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Agriculture

5 Costly Mistakes You Should Avoid When Going Into Agriculture Business In Africa

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5 Costly Mistakes You Should Avoid When Going Into Agriculture Business In Africa

Agribusiness is now a goldmine as more investors and non-governmental are becoming interested in it. It has the capability of saving a nation’s economy from crashing when other sources of revenue fail.

There are so many agribusinesses that are capable of making you a millionaire with little risks of failure unlike other types of businesses. Irrespective of the fact that agribusinesses involve lesser risks, anyone that wants to embark on it also needs to be cautious of some mistakes to avoid.

In this article we’ll be sharing 5 mistakes any potential agribusiness man or lady should avoid.

5 Mistake You Should Avoid When Going Into Agribusiness In Nigeria

Just like every business, in agribusiness, some certain mistakes should be avoided by any business person that wants to enjoy the maximum profits from his investments.
No matter how awesome your agribusiness idea is there are still potentials of it failing if the right steps are not taken and mistakes avoided.
See these 5 mistakes to avoid as a potential agribusiness person:

– Avoid seeing yourself as a mere farmer

There is a wide difference between the word ‘farmer’ and ‘agribusiness’ and the later is the greater. The world has graduated from the stage of ‘mere farming’ to an advanced and mechanised farming stage or better still, agribusiness.

5 Costly Mistakes You Should Avoid When Going Into Agriculture Business In Africa


As someone interested in agribusiness,you should take the job as a business and not as a mere cultivation of plants or rearing of animals and you’ll see the biz soaring high. A mere cassava farmer won’t think of better ways to package his garri before pushing it into the market for sales. This also applies to other crops and even the livestock.
In business, any and every interested fellow can produce a particular product but it takes wisdom to push the product to the consumers.

– Producing without having buyers

Many people just hear of an interesting business idea and rush into it without thinking of their target audience or customers. Avoid venturing into a business unless you’re sure of the target market and how profitable it’ll be.
Also, be conscious of the factor that business success varies with location and what favours in the Northern Nigeria might be a different story in the Eastern. If you’d be venturing into cassava farming, please check out these 7 top cassava buying companies in Nigeria.

– Not doing large scale and mechanised farming

Upgrading from the status of a mere farmer to an agribusiness man or woman also involves changing the farming tools. Our fore fathers used hoes, cutlasses and other crude materials and the results were not impressive. Most of them cultivated just enough food to feed their families but agribusiness involves cultivating more than enough.
You should be focused on cultivating crops that would yield you impressive profits at the end of every farming cycle.

– Not doing enough market research or avoiding it entirely

This is one of the problems of agricultural marketing in Nigeria and care should be taken against it. To many farmers, agriculture only involves buying a land and cultivating the crop. Well, that’s agriculture but when you talk about agribusiness, that case is much more different. Before planting a crop, conduct proper market research and determine the internal and external factors that can potentially affect your business.

This will include both the negative and positive factors that have the potential of impacting your business in the future. It also includes seeking for possible customers, identifying competitors and ways of beating them.

– Thinking agribusiness is a get rich quick scheme

Agribusiness is not like lottery or betting games that can turn someone into a millionaire overnight. Agribusiness will eventually turn you into a millionaire but not magically, you’ll need to be committed in the business for some years. Every legitimate business requires patience and consistency.

It might also involve trial and error and mistakes, all these are there to teach you. Also, businesses loses are not inevitable and can happen to anyone at anytime.

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Agriculture

Top 9 Most Amazing Importance Of Fish Farming In Nigeria You Should Know

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Top 9 Most Amazing Importance Of Fish Farming In Nigeria You Should Know

Fish farming is no doubt a very lucrative business which Nigerians should give much consideration, and there are a lot of benefits attached to the business.

Also known as aquaculture, it is surely a step forward in the agricultural business industry of Nigeria. It also is a bit above the agricultural problems in the country, which increases its advantages.

So many people are asking, “…what are the importance of fish?” and fish farming! Well, next time you’re asked to list four importance of fish farming, or looking for the importance of fish farming pdf, it wouldn’t be an issue again.

We will talk about all these now!
To start with, we have been for ages bygone, catching and processing the fish products we consume from the market, but thanks to the invention of the ponds and frozen fish, we no longer do this. One of the core benefits of the fish farming business to Nigeria, Ghana, Togo, Gambia, Tanzania, Chad and other countries who engage in them is the fact that it provides us with ready meat. Yea… that is one of the core benefits of fish farming.

Generally, the aquaculture economic benefits are so much. The economic importance of fish cannot be overlooked. Starting from the provision of food, to the source of revenue and more, the fish is generally a great gift of nature to man.

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Benefits Of Fish Farming In Nigeria

There are so many benefits attached to this new innovation and we will see a few of them below.

– Provision of food

This is one of the core benefits of the fish, provision of food. Take away food from a nation and watch it wither away, that is why you need to make sure everyone has enough for themselves. The only way to do this is to directly or indirectly get involved in agriculture.

Fish contains proteins, vitamin D, omega-3 and a lot of other amazing and rare nutrients. Its place in our balanced diet cannot be underlooked as it is a perfect replacement for meats, especially in places that have low budget for that. Many people have concurred to preferring fish to mutton, pork and beef which means it is a great choice too.

Government and related agencies need to fund loans that will help more people move into this long-overlooked business for the general profits of the nation.

– Source of income

One of the major problems facing Africa is unemployment, yet we are sitting atop a lot of opportunities. The fish farming has helped many families generate revenue and jobs for themselves, as well as employ others. The famous Ibru family is an example of this. They own one of the biggest fishing companies in the country and are doing fine.
You too can queue in to tap from the niche.

– Stable supply on demand

Thanks to the fish farmers and fish farming, you can now have access to your favorite specie of fish on demand. You no longer have to go long distances to get catfish when someone in your neighborhood has the farm.

– It is a top consumer’s choice

Generally, fish is more affordable than most meat and maybe that explains why people rush it more  than the meat. Schools and boarding houses adopt fishes as a compulsory part of their diets and that also increases its popularity.

– High source of revenue

By properly investing N2,000,000 into the fish farming business, one should make nothing less than N3,000,000 after a period of six months. You need to be very familiar with the business before moving into it to make sure you benefit fully.

– Steady growth pattern

Like other domesticated animals, you can hasten the growth of your fish by giving them the right diet. This means they will be readily available on demand and also make you more money.

– No environmental hazard

You can set up your fish pond everywhere without contributing to the pollution of the environment, unlike industries and factories that dominate everywhere. This is also another huge advantage.

– Easy addition to the other farm activities

You can run a mutual agricultural establishment, whereby proceeds from your other products will be used to cater for the fish. This generally reduces the cost of running the farm and makes things easier for the farmer.

– Easy to maintain

If you’re good in the trade, you will know that they are very easy to maintain. Their feeding don’t cost much and you have to invest wisely to make sure they eat just what is enough for them.

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Top 10 Agribusinesses That Can Make You So Much Money In Africa

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Top 10 Agribusinesses That Can Make You So Much Money In Africa

Agribusinesses are capable of making every committed business person a millionaire in this 20th century.
There are innovative business ideas in agriculture that you can start if you want to become a millionaire depending on your area expertise and target market. Virtually all businesses are lucrative, whether online or offline, big or small or what have you. To be successful in any business, you need to consistent and focused even in bad times. Perhaps the hardest stage of every business is the start-upstage because it requires getting the business in the faces of entirely new people.Agribusiness simply means the business of agricultural production and was coined in 1957 by Goldberg and Davis. It includes the breeding, production and distribution/supply of farm seeds and products. It also covers the marketing and sales of farm machinery. In summary, any business that is based on agriculture is an agribusiness.

Importance of Agribusiness

What if I tell you that agribusinesses are the most important types of business will you be surprised? Well agribusinesses are one of the moist importance businesses because every other work we do is to help us eat and carryout other activities. There are so many importance of agribusinesses to both the individuals and the economy of any nation.

Top 10 Agribusinesses That Can Make You So Much Money In Africa

Agriculture is the source of food to many nations and agribusiness makes this possible by easing the distribution of food to the consumers. The economy of many nations depend on agribusiness and it has provided a source of income to millions of individuals all over the world.

Top Money Making Agriculture Business Ideas That Can Make You A Millionaire

Every agricultural business is lucrative has the possibility of making you a millionaire when taken to a larger scale but you can choose from any of these if you’re looking for a place to invest. There are more than a million types of agribusiness or agribusiness examples that are very lucrative in Africa.

List of lucrative agribusinesses

Some lucrative agribusinesses that you can venture into as a farmer are:

– Cucumber farming

Cucumbers are widely cultivated plants in the gourd family, Cucurbitaceae. They is a creeping vine that bear cucumiform fruits that are used as vegetables. Cucumbers are loved because of their health benefits and high water content. Cucumbers are widely eaten vegetables but not many farmers are cultivating them presently. In other words, the demand for cucumbers among consumers is higher than the supply so it’ll be a great business for any farmer.

– Fish farming

As the health institutions are ringing bells on the dangers of red meats to humans more people are now changing their diets to the fishes. They are now see more benefits of eating fishes. Running a fish pond will be a very nice idea for any farmer because of the many amazing benefits of fish farming.

– Grasscutter farming

The demand for grasscutters is becoming high of recent and people are now going into the business. In the previous years, most of the eaten grasscutter meats where animals caught by hunters but the whole story has changed. You can make as much as ₦2 million in a year or more as a grasscutter farmer depending on the size of your colony.

– Palm farming

The palm tree has more than a hundred uses and all the parts care useful in producing many amazing things. The leaves can be used for making brooms, wine can be gotten from the juice, it can be used in making baskets, it can be used in making palm oil and many more. The nature of the palm fruit business requires some years so it’s more of a long term business. However, when your palms start maturing, you can make good money annually from the palm tree.

– Pig farming

Starting a piggery is another lucrative business you can engage in as a farmer. Running a piggery is better when combined with another type of farming because pigs generally eat any type of food including spoilt ones. You can give them foods from a local restaurant or eatery, factories, farms and what have you.

– Poultry farming

Who doesn’t love chickens? Well I don’t know about you  it I love them. Poultry farming simply means the process of raising domesticated birds like chickens, ducks, turkeys and geese for the purpose of farming meat or eggs for food. There is more to poultry farming other than raising the regular chickens you an also include other birds like the quails and turkeys.
Poultry farming is very lucrative and always in high demand among consumers. The meats and eggs are high sources of proteins. You can start a poultry farm with any capital and expand with time.

– Snail farming

Snail farming is also known as veliciculture and heliculture and it simply means the process of  raising land snails specifically for human use. The snails are edible and can be used for preparing different dishes in Nigeria and other parts of the world. Snails are also grown because of the snail slime which can be used for the production of cosmetics.

– Snake farming

You might be shocked on hearing this but don’t be yet, do you know that you can make good money from a snake farming business? Snakes are very dangerous animals but can fetch you millions of Naira annually. The snake venom are used in the production of anti-venom while the skins are very useful in the production of original belts and other wears.

– Tomato farming

Tomatoes are edible, often red, berry of the nightshade Solanum lycopersicum, commonly known as the tomato plants. The earliest species originated in western South America but is now very popular in all parts of the world. Tomato are very good sources of folate, potassium, vitamin C and vitamin K. The are also one of the best natural ingredients for preventing stroke.

– Ugu farming

The pumpkin or ugu in Igbo language is a widely eaten vegetable in the West African region. It is used for cooking different foods and can also be eaten raw. The ugu leaf is the most consumed vegetable in Nigeria followed by the waterleaf and this makes the demand for it very high.
Ugu generally matures in a very short period of time so you’ll also get your ROI in a very short time unlike some other farm products and sells regardless of season.

– Watermelon farming

Watermelon is a vine-like flowering plant originally from Africa and is cultivated for its fruit. The watermelon like the cucumber has a high demand among consumers but the suppliers are little. A watermelon fruit can be sold for as much as ₦800 – ₦1,000 in the local markets.
The watermelon contains an amino acid called citrulline that increases the nitric oxide levels in the body. The nitric oxide helps your blood vessels expand, which in turn lowers the blood pressure.

In conclusion

Agribusinesses are very lucrative and any interested individual can engage in it. Starting an agribusiness also has many advantages and an easy access to loans is one of them. Many firms are out to sponsor anyone interested in venturing into agribusinesses any you can partake from any of the loans and grants available.

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