Agriculture, Agro – Processing, Forestry And Fishing

AGRICULTURAL EQUIPMENT LEASING OPPORTUNITY IN NIGERIA

Agriculture remains the bedrock of Nigerian economy generating about 70% of employment and constituting over 40% of the Gross Domestic Product {GDP} of the country.
The country has a land area of 98.3m hectares. At present about 34m hectares or 48% are under cultivation leaving a good portion uncultivated. There is no doubt that considering the vast area of uncultivated land coupled with the natural fertility of its soil, Nigeria has great agricultural potentials.

To say then, that Nigeria’s economy is agrarian does not mean that Nigeria is agriculturally advanced. Peasant farming characterizes agricultural practice in Nigeria. Farming families engage in subsistence farming in which family needs determine the scale of production and wherein small plots of land are cultivated by individual owners or sub-owners following age-old methods without much control on the yields. Family farming uses mainly family labor which could be augmented with minor hiring of labor and labor exchanges with other farmers at peak seasons.

The essential factors of production – land, labor, and capital are provided within the family. This system does not make adequate use of modern farming techniques, capital input, advisory services and market information. The technology of production is not modern and involves a lot of drudgery. Also there is the problem of lack of or inadequate infrastructural facilities. This type of peasant agriculture involves 95% of Nigerian farmers, while farmers employed on corporate and government supported large-scale farms account for only 5 percent.

In the recent past, investment in the support services to Nigerian agriculture has been neglected with the result that this sector has not realized its full potential to contribute to the prosperity and economic development of the country.

Meanwhile, increasing population pressure and the accompanying need to intensify agricultural production is leading to erosion of the natural resource base on which agriculture depends. The sustainability of production is threatened by a vicious cycle of declining soil fertility and increasing problems of pests, diseases, and weeds. Moreover, the lack of knowledge on how to add value through proper storage, processing, and marketing impedes agricultural growth.

Promising technologies exist to address these problems, but their adoption is constrained by a lack of funds amongst other challenges.

This situation therefore presents a viable opportunity for government and savvy investors to take advantage of the opportunity presented by leasing agricultural equipment in Nigeria.

Some of the equipment that can be leased includes

• Tractors
• Processing Equipments
• Storage Facilities

Some of the incentives the government has put in place to encourage investment in the agricultural sector in Nigeria includes

o Finance Credit
o Tax Holdings
o Reduced Customs Charges on Imported Inputs
o Technical Support through Research Institutions
o Export Financing and Guarantee
o Agricultural Insurance Scheme
o Extension Services

Government also needs to increase its presences in the area by providing cheap loans through the Bank of Agricultural and other financial institutions in the Agricultural sector in Nigeria.

———————————————————————————————————————
Foraminifera Market Research Limited (www.foramfera.com) is part of a family of businesses, which includes several brands such as

Hausworth Nigeria Limited owners of

365 Home Improvement — www.365homeimprovement.com (Nigeria’s One Stop Home Improvement Portal)
365 Property Portal — www.365propertyportal.com (Property listing, building materials sales and movers in Nigeria)

Kyneli Business Support Services owners of

www.365campaigner.com

365 Campaigner is a complete suite of social collaboration, communication and management tools for your team. From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals.
———————————————————————————————————————

At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below

MARKET RESEARCH REPORTS IN NIGERIA
INVESTMENT OPPORTUNITIES IN NIGERIA

Do you require a business plan or feasibility report on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 (Monday – Saturday; 8 am – 5 pm)

Mobile Number: +234 (0) 8033782777;+ 234 (0) 908 335 7733 (Monday – Saturday; 8 am – 6 pm)

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

AGRICULTURAL EQUIPMENT LEASING OPPORTUNITY IN NIGERIA.

Agriculture remains the bedrock of Nigerian economy generating about 70% of employment and constituting over 40% of the Gross Domestic Product {GDP} of the country.

The country has a land area of 98.3m hectares. At present about 34m hectares or 48% are under cultivation leaving a good portion uncultivated. There is no doubt that considering the vast area of uncultivated land coupled with the natural fertility of its soil, Nigeria has great agricultural potentials.

To say then, that Nigeria’s economy is agrarian does not mean that Nigeria is agriculturally advanced. Peasant farming characterizes agricultural practice in Nigeria.

Farming families engage in subsistence farming in which family needs determine the scale of production and wherein small plots of land are cultivated by individual owners or sub-owners following age-old methods without much control on the yields. Family farming uses mainly family labor which could be augmented with minor hiring of labor and labor exchanges with other farmers at peak seasons.

The essential factors of production – land, labor, and capital are provided within the family. This system does not make adequate use of modern farming techniques, capital input, advisory services and market information.

The technology of production is not modern and involves a lot of drudgery. Also there is the problem of lack of or inadequate infrastructural facilities. This type of peasant agriculture involves 95% of Nigerian farmers, while farmers employed on corporate and government supported large-scale farms account for only 5 percent.

This situation therefore presents a viable opportunity for savvy investors to take advantage of the opportunity presented by providing agricultural equipment for leasing in Nigeria.

Some of the equipment that can be leased includes

Tractors

Processing Equipments

Storage Facilities

Some of the incentives the government has put in place to encourage investment in the agricultural sector in Nigeria includes

o Finance Credit
o Tax Holdings
o Reduced Customs Charges on Imported Inputs
o Technical Support through Research Institutions
o Export Financing and Guarantee
o Agricultural Insurance Scheme
o Extension Services

———————————————————————————————————————
Foraminifera Market Research Limited (www.foramfera.com) is part of a family of businesses, which includes several brands such as

Hausworth Nigeria Limited owners of

365 Home Improvement — www.365homeimprovement.com (Nigeria’s One Stop Home Improvement Portal)
365 Property Portal — www.365propertyportal.com (Property listing, building materials sales and movers in Nigeria)

Kyneli Business Support Services owners of

www.365campaigner.com

365 Campaigner is a complete suite of social collaboration, communication and management tools for your team. From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals.
———————————————————————————————————————

At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below

MARKET RESEARCH REPORTS IN NIGERIA
INVESTMENT OPPORTUNITIES IN NIGERIA

Do you require a business plan or feasibility report on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 (Monday – Saturday; 8 am – 5 pm)

Mobile Number: +234 (0) 8033782777;+ 234 (0) 908 335 7733 (Monday – Saturday; 8 am – 6 pm)

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

AGRICULTURAL PRODUCTION IN NIGERIA; THE OPPORTUNITIES.

Any nation that wants to develop must look inwards to identify areas where it has comparative advantage over other nations and seek to develop the identified areas.

Apart from hydrocarbon of which Nigeria is the sixth largest exporter of crude oil and has the second largest known deposit of natural gas in the world, Nigeria also has comparative advantage in the Agricultural sector, where varieties of crops and animals are produced and reared respectively due to favorable climatic condition, good soil structure and the fact that over 70% of the entire land mass of the country is arable, though only about 48% are presently been cultivated.

The equatorial maritime air mass along the coast influences the climate which is characterized by high humidity and heavy rainfall, while the tropical continental air mass in the North brings dry, dusty winds from the Sahara. The temperature varies considerably with the season, as does rainfall which is far less in the North. The main rains occur between April and October with average rainfall ranging from 2,497mm (100 inches) in the South to 869mm (32 inches) in the North.

Until the late 1970’s when hydrocarbon was discovered in commercial quantity in Oloibiri ,present day Bayelsa state , Agriculture remained the mainstay of the economy contributing over 90% of the Gross Domestic Product (GDP) of the country as against the 40% it now contributes with crop accounting for 80%,livestock 13%,forestry 3% and fisheries 4%. Despite the prominent role of the Petroleum sector, Agriculture still employs about 70% of the entire population both formal and informal.

The investment climate in the sector before the advent of the present civilian dispension was considered unattractive, low in profitability and no serious incentives for investors.

It was against this background that the government put in place the National Economic Empowerment Development Strategy (NEEDS), supported at the State level by the State Economic Empowerment Development Strategy (SEEDS). It has initiatives in the following areas; cassava, rice, vegetable oil, sugar, livestock and fisheries, tree crops and cereals.

The NEEDS was expected to meet the following targets:

Minimum growth rate of 6% in Agriculture.

Raise agriculture exports of 3 billion dollars by the end of 2007, with cassava being a major component.

Reduce food imports from 14.5% of total imports to 5% by 2007.

Protect all prime agriculture lands for continued agricultural production.

Under this strategy and the National Agricultural Policy and the National Policy on Integrated Rural Development, the sector been able to sustain the growth of 7% attained in 2003/04.

However due to a combination of factors like unemployment, effects of global economic crisis and the crash witnessed in the stock ,property and financial sector in 2008/09 in the Nigerian economy, investors are now switching there investment radar to the various investment opportunity that abounds in the Agricultural sector.

Various investment opportunities abound for small, medium and large scale enterprise in sustainable agriculture and industrial farming. These investment opportunities would be analyzed under the following headings

Arable Farming ( Crop Production)

Over 70% of the entire land mass (98,300,000 hectares) of the country is arable. Some of the crops that are produced in Nigeria include maize, sorghum, millet, cassava,yam,wheat,sugarcane,cocoyam,potatoes,cotton,pineapple,plantain,bananas,beniseed,castor oil etc. Prospective investors interested in the production of bio-fuel can take advantage of the three million (3,000,000) hectares of land made available for the production of Jatropha by the federal government.

Industrial Processing of Agricultural Products

Agricultural products require processing in order to be suitable for human and industrial use and opportunities abound in the sector for savvy investors to take advantage of. Some of the areas where such investment is required includes palm kernel cracking plant, groundnut processing plant, fish feed production etc.

Agro – Commodity Export

According to statistic from the Nigeria Export Promotion Council (NEPC), the non-oil export segment as been growing in the past five (5) years and arguable as been one of the drive force in the renewed interest in agriculture in the country. Some of the products that are export include sesame seed, ginger, charcoal, groundnut, hide and skin, cocoa, gum Arabic, cashew nuts etc.

Livestock Farming

More investment is required in the livestock sector if the deficit of less than two (2) kg of beef available to an average Nigerian per annum is to be a be thing of the past. Some of the areas that require investment include cattle farming, pig rearing, goat and sheep rearing.

Micro-Livestock ,Fisheries and Poultry Farming:

This is perhaps the single largest segment of the market that has received more investment in the past five (5) years since the renewed interest in Agriculture because they require less capital start-up and there is ready market for the products produced.

Agricultural Biotechnology :

The global demand for alternative energy has opened up the market for bio-fuel which has consequently created opportunities for entrepreneurs in agricultural business. The production of ethanol fuel from cassava, jatropha plant, sunflower, sugarcane amongst others is some of the areas of investment in this sector. Like it as already been mentioned, the government of Nigeria as made available three (3) million hectares of land for the cultivation and development of jatropha plant.

Other investment areas in the sector include Agro-Tourism, Supply of Agricultural inputs and machineries and Agricultural consultancy.

A number of incentives have been put together to encourage investment in agriculture. These include;

o Finance Credit

o Tax Holdings

o Reduced Customs Charges on Imported Inputs

o Technical Support through Research Institutions

o Export Financing and Guarantee

o Agricultural Insurance Scheme

o Extension Services

———————————————————————————————————————
Foraminifera Market Research Limited (www.foramfera.com) is part of a family of businesses, which includes several brands such as

Hausworth Nigeria Limited owners of

365 Home Improvement — www.365homeimprovement.com (Nigeria’s One Stop Home Improvement Portal)
365 Property Portal — www.365propertyportal.com (Property listing, building materials sales and movers in Nigeria)

Kyneli Business Support Services owners of

www.365campaigner.com

365 Campaigner is a complete suite of social collaboration, communication and management tools for your team. From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals.
———————————————————————————————————————

At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below

MARKET RESEARCH REPORTS IN NIGERIA
INVESTMENT OPPORTUNITIES IN NIGERIA

Do you require a business plan or feasibility report on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 (Monday – Saturday; 8 am – 5 pm)

Mobile Number: +234 (0) 8033782777;+ 234 (0) 908 335 7733 (Monday – Saturday; 8 am – 6 pm)

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

CASSAVA FLOUR PRODUCTION IN NIGERIA; HOW VIABLE?

Cassava is the most important root crop in Nigeria. Apart from being a staple crop in both rural and urban household’s cassava is a major source of income to cassava farmers and processors in the rural areas.

Cassava alone contributes about 45% of agricultural GDP in Nigeria for food or domestic purposes but its industrial processing and utilization has been very limited.

Currently, the country produces about 40,000,000 tonnes of the commodity and due to the desire of the federal government to reduce import dependency and conserve of scare foreign exchange, there is national programme aimed at increasing the production cassava flour to be substituted with wheat flour.

High Quality Cassava Flour {HQCF} is made by cooking, drying and grinding cassava root to a fine powder. It differs from Tapioca flour in that Tapioca flour is made from the starch of the cassava plant where the cassava flour is the ground root.

High Quality Cassava Flour {HQCF} is used as substitute for wheat flour in bakery and confectionary products.

The demand for High Quality Cassava Flour {HQCF} in Nigeria is high. The driving force behind the demand is the federal government policy on cassava flour inclusion in wheat flour for cassava wheat composite flour production especially for bread and confectionary baking.

The annual national demand for High Quality Cassava Flour {HQCF} is estimated at 750,000 tonnes while the national supply estimate is about 50,000 tonnes. The High Quality Cassava Flour {HQCF} industry in Nigeria is dominated by small scale with production capacity of less than 0.1 tons per day. The production plants are usually found all parts of Nigeria where the chief raw material, Cassava tubers, can be found.

The major challenges facing the industry are access to power. Non availability of power hampers production and increases the cost of production.

High Quality Cassava Flour {HQCF} is also used in the paper board and plywood industries.

The major machinery and equipment for production of cassava are

· Granulator

· Flash Fryer

· Hydraulic Press

· Detoxifier

· Vibro Sieve

· Hammer Mill Grater

· Hammer Mill with Cyclone

· Packaging Machine

· Weighing Machine

It is estimated that at 10% inclusion, the demand by flour millers is 550,000 tonnes.

From the above figures, it is clear that there is a large and sustainable market for cassava flour in Nigeria.

———————————————————————————————————————
Foraminifera Market Research Limited (www.foramfera.com) is part of a family of businesses, which includes several brands such as

Hausworth Nigeria Limited owners of

365 Home Improvement — www.365homeimprovement.com (Nigeria’s One Stop Home Improvement Portal)
365 Property Portal — www.365propertyportal.com (Property listing, building materials sales and movers in Nigeria)

Kyneli Business Support Services owners of

www.365campaigner.com

365 Campaigner is a complete suite of social collaboration, communication and management tools for your team. From List building solution to event announcement and CRM, 365 Campaigner provides everything you need to boost sales, step up productivity and manage all day-to-day activities.

365 Campaign is the one stop shop for digital marketing solutions for businesses, politicians, religious organizations and individuals.
———————————————————————————————————————

At Foraminifera Market Research (www.foramfera.com), we provide bespoke and up to date market research reports. Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.

You can order our detailed feasibility report on cassava flour production in Nigeria and other cassava report by clicking on the link below.

CASSAVA FLOUR PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
CASSAVA STARCH PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT.
GARRI PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
CASSAVA STARCH AND GARRI PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
MECHANIZED CASSAVA TUBER CULTIVATION AND GARRI PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
MECHANIZED CASSAVA TUBER CULTIVATION, GARRI AND STARCH PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
MECHANIZED CASSAVA TUBER CULTIVATION AND STARCH PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
MECHANIZED CASSAVA TUBER CULTIVATION AND ETHANOL PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT
MECHANIZED CASSAVA TUBER CULTIVATION AND GLUCOSE SYRUP PRODUCTION IN NIGERIA; THE FEASIBILITY REPORT

Access our other Market Research Reports or investment opportunities in Nigeria by clicking on the link below

MARKET RESEARCH REPORTS IN NIGERIA
INVESTMENT OPPORTUNITIES IN NIGERIA

Do you require a business plan or feasibility report on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 (Monday – Saturday; 8 am – 5 pm)

Mobile Number: +234 (0) 8033782777;+ 234 (0) 908 335 7733 (Monday – Saturday; 8 am – 6 pm)

E-Mail Address: enquiries@foramfera.com

CC: foraminiferamarketresearch@yahoo.com

Office Address:

61-65 Egbe- Isolo Road,

Iyana Ejigbo Shopping Arcade,

Block C, Suite 39,

Iyana Ejigbo Bus Stop,

Ejigbo, Lagos.

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