If you’ve landed on this article page, you’re probably searching for a
good business idea—an idea that’s light on the pocket but heavy on
returns, promising both a fulfilling journey and potential profit.
|
How to Start and Manage Cattle
Rearing Business in Nigeria
Cattle rearing is an important agricultural activity in Nigeria
and Africa, providing food, income, and employment for millions
of people. According to the Food and Agriculture Organization
(FAO), Africa has the largest cattle population in the world,
with over 345 million heads of cattle as of 2020. Nigeria alone
accounts for about 19% of the total cattle population in Africa,
making it one of the top cattle-rearing countries on the
continent
Cattle-rearing business is a multi-faceted business that yields
an array of income lines. This is because every part of the
cattle can be turned to cash! Not a surprise there’s a phrase
that goes by “cash cow”.
Nigeria with an estimated 20 million heads of cattle occupies
the 14th position in the world compared to Brazil, India and
China with 212,189 and 114 million heads of cattle, respectively
being the top three nations with the highest heads of cattle.
Beef demand has been on the increase in both local and
international markets. In 2014 meat consumption in Nigeria was
estimated to grow from 360,000 tonnes to 1,300,000 tonnes by
2050 and beef from cattle makes up a huge part of this estimate.
You can sell full-grown cattle for about N800,000 and even more
in some cases
A cattle distribution business involves the buying and selling
of cattle, as well as related products, such as meat, milk,
hides, and skins. Nigeria's diverse geography and climate create
a favorable environment for cattle farming, making it a
potentially lucrative venture for aspiring entrepreneurs.
Cattle rearing also plays a significant role in the global
economy, with the global beef industry valued at over $300
billion. Africa accounts for a significant portion of global
beef exports, with Nigeria being one of the major exporters of
cattle products.
Overall, the cattle rearing industry in Nigeria and Africa has
the potential to drive economic growth and development, provide
food security and employment opportunities, and contribute to
the country’s export earnings. Embarking on a cattle farming business in Nigeria involves careful planning, knowledge acquisition, and adherence to industry best practices. By following the outlined steps and considering the specific nuances of the Nigerian market, aspiring cattle farmers can lay the foundation for a successful and sustainable venture. Get our information on Cattle Rearing and how to set up a lucrative cattle business, you will have access to our in house experts, they’re ready to help set up your poultry farming either on a small scale or large scale.
|
