A nation that cannot feed its citizens does not qualify to be called a rich nation. Simply put, agricultural business is what sustains most of the world's most developed nations today. Since the oil boom of the 1970s, Nigeria's agricultural potential has been completely neglected and untapped, which is why the country is unable to meet the ever-increasing demand for agricultural products. Nigerians are ignorant of the fact that they are a people blessed with fertile soil and favorable climatic conditions, ideal for cultivation and animal husbandry. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The country has three key ingredients essential not only for the development of agricultural resources but also for the marketing and processing of the food produced. The three essential ingredients are; Land, water and population. Unfortunately, a country that can count on 84 million hectares of arable land, of which (60%) 50.4 million hectares are uncultivated, a whole year of sunshine, 230 billion cubic meters of water and almost 200 million inhabitants , spends over $10 billion a year. importing food products and items that can be grown locally with a readily available market. Large-scale investments are needed across the board to revamp this sector for improved production and increase its contribution to GDP. Without placing too much emphasis on the abandonment of agriculture and how it affects us as a nation, let us examine the various business opportunities in Nigeria's agricultural sector. Now the important question: when it comes to agribusiness ideas, what are the best investment choices available? After careful consideration and analysis of all the agribusiness ideas available in the country, the following are the best and practical ones you should consider investing in: Agricultural Production: There is a lot of anticipation for Nigeria's industrialization and an incessant demand of food sufficiency in the country. All this can be achieved through the production of food crops and raw materials that can be used for industrial purposes. It makes sense to consider this a profitable business opportunity. Food Processing and Preservation: In addition to making efficient use of harvested crops, they can be used as industrial raw materials, processed and packaged for different purposes, and stored for sale or export. The business opportunity here lies in the manufacturing value chain. Fisheries and Livestock Production: Livestock production and fisheries represent a business opportunity with great growth potential for Nigerians. With abundant pastures for animals, streams, rivers and lakes to support fishing. Transportation: Agricultural products need to be transported back and forth from farmland, urban areas where they will be consumed, and factories or warehouses, etc. Investing in trucks, trucks and other machinery for efficiently moving agricultural produce represents a great business opportunity as it involves the trading of goods and services. On-farm and off-farm processing: the processing of agricultural products can confer variety of values to the same product; a good investment option is to provide measures for the development of small-scale automated technologies for on-farm processing, including for off-farm processing of products from agricultural processing. Timber Processing: Another very profitable business opportunity in agriculture is the lumber and wood processing business. since there are many wood resources in the industry, which can.
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