Have you been thinking of the most profitable livestock farming in Nigeria to start? If yes then here is the updated 2020 article about it.
Livestock farming has become the most profitable agro-business these days in Nigeria.
I believe you will be confused about which area of livestock farming you will be venturing into.
Well in this my article I will be telling you the most profitable livestock farming in Nigeria.
Introduction To Most Profitable Livestock Farming In Nigeria
With the rate of growth and development in Africa today meat and other forms of food have become an everyday demand.
The Nigerian government has been trying to shift the economy of the country from crude oil and other mineral resources to farming because of the demand for meat and food.
The year 2020 is coming to an end which we are coming closer to festive periods where there will be high demand for meat.
Why Do We Choose Agriculture?
The reason we choose Agriculture is that agriculture is one of the most profitable farming in Nigeria and these days. There is always a demand for food meat.
People turn their backs in agriculture because they think agriculture is a business for the poor, but I want to clear your doubt that agro-business is not meant for the poor alone.
Definition of livestock farming
Livestock farming is a process of rearing livestock mainly for the purpose of consumption.
Attributes Of Livestock Farming In Nigeria
In Nigeria livestock farmers share somethings in common, These things they share common contribute to their success in farming.
The following are the major attributes of a livestock farmer in other to be successful in Nigeria.
Commitment is one of the major attributes of a livestock farmer in other to be successful because since livestock farming is profitable it is also difficult to succeed in it.
A livestock farmer should be hard working in other to be successful in the game.
A livestock farmer who is not committed or hard-working will end up losing all his investment due to laziness.
So taking care of livestock from day one till they grow up is a difficult task in that case you must be committed and submissive to the work.
Self-discipline is very important in the livestock industry because any slight mistake will return you back to square one.
When you are taking care of your birds or you have people you employed in doing that they must be laid down rules and regulation.
You must set aside time for your livestock to prevent mortality.
So for your workers, you have to set time for taking care of the birds.
Taking much time in the introductory part I will be guiding you on the most profitable livestock farming in Nigeria
10 Most Profitable Livestock Farming In Nigeria
Below are the most profitable livestock farming in Nigeria
- Poultry farming
- Fish farming
- Pig farming
- Cattle rearing
- Goat farming
- Honey bee farming
- Snail farming
- Rabbit farming
- Grasscutter farming
- Sheep farming
When talking about the most profitable livestock farming in Nigeria poultry farming is the number one we will be looking up to.
Despite the setback of bird flu and the fear that poultry chicks have bird flu we still rank them as number one due to the demand sales in a year.
Poultry farming is the process of raising domestic poultry chicks such as broilers, turkey, ducks, and penguins for the sole purpose of meat or eggs.
Poultry farming sectors
Poultry farming is divided into different sectors but will be talking about the three most profitable sides which are :
- Layers farming
- Turkey farming
Broilers farming is the process of raising chicks for the sole purpose of meat production.
Layers farming on the other hand is the process of raising poultry chicks for the purpose of getting eggs in return.
Read Also: Cost of rearing 100 layers in Nigeria
Turkey farming in Nigeria is the third most profitable aspect of poultry farming in Nigeria.
There are many reasons to engage in turkey farming, These reasons are
- Turkey grows fast.
- It is a very good source of protein.
- High market demand.
- Sales of feathers from local farmers.
- Very profitable.
Fish farming in Nigeria is the second most profitable livestock farming in Nigeria due to high nutrients and market demand.
Species of fishes in Nigeria
There are different species of fishes in Nigeria but among this fishes, some are not cultured in Nigeria.
So I will be listing the most profitable species of fish farming in Nigeria
- Tilapia fish
Catfish farming is very profitable and less stressful farming in Nigeria because of the nature of its living.
Unlike poultry farming, fish farming is less stressful because immediately after feeding the fish you don’t have to clean the farm anymore.
Instead, you will have to change the water on intervals, but poultry farming is very stressful.
Tilapia farming is also profitable and also has a high demand in Nigeria.
It is the second most farmed fish in the world, it is the only fish that have omega-3 in it.
Pig farming in Nigeria is the third most profitable livestock farming in Nigeria.
Pig farming is profitable in such a way that pig give birth in high quantity. Big farming is now increasingly becoming very popular day by day.
Stress and religious believe reduces the profitability of pig farming.
Cattle farming is now becoming popular in Nigeria mostly practiced by the Fulani’s.
It is the process of keeping bulls and cows for milk or for meat.
It is a business that could be started with as small as #100,000 for buying a small cow.
These cattle are mostly reared in the grassed areas because they live solely on grasses.
Goat farming is a process or the act of rearing or breeding domestic goat for the purpose of getting meat or expanding the breeds through cross-breeding.
Goat is another animal that also lives on grass and other domestic foods.
Bee Farming is one of the most profitable livestock farming in Nigeria. Which can easily be started with little or no Capital?
Be farming is a business that deserves spending time and learning because the demand in the market this day is very high.
Read Also: Beekeeping for Dummies
Snail farming commonly knows as help culture is the process of raising edible snails for human consumption.
The meats are very reached and the eggs can also be consumed as well.
The mucus of snail is also medicinal.
Read Also: How to start profitable snail farming.
Rabbit Farming is another livestock farming that is very profitable because they give birth on a monthly bases.
Rabbit Farming is the breeding and raising of rabbits for their meat.
Rabbit farming popularly known as cuniculture is a business that is started with as little as #50,000 an if properly managed will raise you up to #200,000 if properly managed.
Grasscutter is a very profitable livestock farming in Nigeria yet to be discovered by most farmers in Nigeria.
Grasscutter farming is also known as a greater cane rate is reach and protein and has a very good taste.
Sheep farming in Nigeria makes it among the top 10 most profitable livestock farming in Nigeria because of its rate of giving birth and the nature of its growth.
The male one which is known as ram can be used during Christmas, salah, and different celebrations.
Conclusion on the most profitable livestock farming in Nigeria
Looking above to my explanation on the top 10 most profitable livestock farming in Nigeria you will find out that poultry products are the most farmed and the most demanded in Nigeria and the world as a whole.
Thanks for reading to the end. Also, like and share your views on the above-listed livestock farming in Nigeria.