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 A Lucrative Goat
Farming Business In Nigeria
Goat farming is a common agricultural practice in Nigeria and
Africa as a whole. Goats are highly valued for their meat, milk,
and skin, making them a profitable business venture. According
to statistics, Nigeria is one of the largest goat producing
countries in Africa, with an estimated population of over 34
million goats. Goats are also the most traded livestock in the
Nigerian livestock market
Goat rearing enjoys a very wide market share in Nigeria in
excess of N40 billion and all the products of goats are
marketable, and nothing is a waste.
Globally, goat farming is gaining prominence as a means of
sustainable agriculture, providing food security and economic
growth for many rural communities. Goats are hardy animals that
can thrive in diverse climatic conditions and are relatively
low-cost to maintain, making them a suitable livestock option
for smallholder farmers. According to the Food and Agriculture
Organization (FAO), the global demand for goat products is
increasing, with more than 25% of the world’s population
consuming goat meat, milk, and cheese.
In terms of export, Nigeria has a growing market for goat
products, with neighboring West African countries as the primary
export destinations. Goat products such as meat, milk, and skin
have a high demand in countries such as Ghana, Benin, and Togo.
With the right investment in goat farming, Nigeria can tap into
this lucrative market and become a major exporter of goat
product
Goat farming is a lucrative business in Nigeria. With a
population of over 200 million people, there is a high demand
for goat meat, milk, and other dairy products. As a result, goat
farming has become a popular agricultural practice in the
country.
There are various breeds of goats in Nigeria, each with its
unique characteristics. When starting a goat farm, it is
essential to choose the right breed that fits your production
goals. Some of the popular breeds of goats in Nigeria include
the Boer goat, West African Dwarf goat, and Sahelian goat.
Unlike some livestock farming like chickens , Snails, Fish and
the likes, goat is one animal that is never selective of weather
condition. And to top it all, Nigeria weather is very suitable
for rearing goats in any state.
If you already own a land, with about N300,000, you can buy 30
goats; its know that goat bear 2-3 kids twice annually, thus,
you can expect a total stock of 130 goats at the end of the
year, if sell at average of N8,000; you will end up with
N1million. Your profit margin will depend on how much you have
spent on feeding and health cares. The average cost of a goat in
Nigeria varies depending on the breed, age, and market demand.
However, they can cost between N15,000 to N250,000.
Don’t forget that goats take between 2-3 years to mature, in the
profit estimate above, I assumed you have passed through the
first three years of establishment. The 500 is a big number but
very achievable if you take your farming seriously, in all
honesty 500 goats per annul after three years is a realistic
goal for small scale farmers. You can start smaller and expand
gradually depending on the resources available
By feeding your goats high quality, fresh and nutritious food
regularly, you can desire maximum production from your business.
Always try to feed your goats fresh and nutritious food. Remember, success in goat farming requires dedication, proper planning, and continuous learning. Regularly assess and adjust your strategies to adapt to changing market conditions.
Get our information on Goat Farming and get our full
menthorship
from our resource person, we will take you by the hand
to make sure you explore the exporting opportunities in
Goat farming business
|
