Export Products are those items produced mainly for exportation out of
Nigeria. That is to say, they are not for local consumption or use. Not
only are these products highly profitable, but also yield good return on
investment.
By and large, if you are looking for a highly profitable business to
start, it will be worth it to consider the list of export products listed
below. In addition, I will also provide you with the list of agricultural
exporters in Nigeria at the bottom of the article.
This article is for you if you are looking for information on Nigeria
export products and starting export business in Nigeria; as a matter of
fact, it is a good resource for you to start with.
Since oil price has started declining, many Nigerians have been looking
inward for the best alternative. This inward looking has actually
yielded good stuff for many Nigeria business owners.
The good thing about agro product exportation is that there are ready
made markets for the goods; In addition, the profit margin is always
high.
1. Cashew Nuts:
I call cashew nut the king of nuts. Why? I see it as that particular
product that has great potential for exportation; that is to say, it is an
international commodity.
According to the National Cashew Association of Nigeria, NCAN,
Nigeria earned ₦144.7 billion (about $402 million) from the export of
raw cashew nuts to other countries. This is an indication that cashew
nut exportation is a profitable business to start.
To be a successful exporter of cashew nut, you must maintain high
quality the product and also be prepared to partner with other cashew
nut producer that has good products.
How much can one invest in cashew nut business?
As you may know, many cashew nut investor are reaping great return
on investment (ROI) due to high dollar price rise and also the rising
prices of the cashew nut commodity.
Nevertheless, with as little as ₦1.3 million – ₦1.7 million, you can start
cashew exporting business; in addition, you should expect a return on
investment of between 15% to 35%. This mainly depends on the quality,
processing and the buyers of your products.
2. Rice
Although, Nigeria is a major importer of rice but there is great prospect
for individuals and business entities looking to venture into the
exportation of rice. On the positive side, Nigeria is saving a lot (around
₦216 Billion) last year from importing rice from other countries.
What does this mean?
It means that there is an increase in locally grown and production of
rice in the country.
As a rice farmer, you now have a better chance to grow your rice in
order to sell locally or internationally.
How much will it cost to start rice farming, production and
exportation?
The cost to start rice farming, production and exportation in Nigeria
depend on various variables such as:
Cost of acquiring or renting the land to use for the rice farming;
The salary paid to the workforce;
Machinery and equipment cost;
Cost of distribution of the finished rice product.
With this in mind, you are looking in excess of ₦10,000,000 as the cost
to start rice farming in Nigeria.
3. Melon
Melon Seeds (Egusi) has many uses; in addition, it has lots of
nutritional values such as low calories, magnesium and protein. For
this reason, melon seeds are high demand all over the world.
Despite the fact that Nigeria farmers face different obstacles; such as
lack of finance, poor agricultural infrastructure and others, Nigeria is
still ranked as one of the global leading country for melon exportation
in the world. As a matter fact, melons remain top Export Products in
the country.
4. Ginger
Ginger farming and exportation business is one of the best agriculture investment
opportunity in Nigeria; as a matter of fact, the return on investment on Ginger is over
35%. That is to say, you will receive more than 35% in profit margin.
Due to the health benefits associated with ginger uses, it is a well sought after plant all
over the world. Such health benefits includes:
Relieving nausea;
Loss of appetite;
Motion sickness, and
Pain relief.
As shown above, ginger is very useful; for this reason, it is one of the best export
products you can invest in. Either as a grower of the plant and stem or as an importer of
the product.
Before I leave this topic of garlic, I will like you inform you that Nigeria is one of the
countries to recon with when it comes to the exportation of ginger.
5. Garlic
Exporting garlic from Nigeria is a lucrative business; nut only is it the second most widely
used Alliums crop after onions, but also come as a good medicinal supplement for
reducing cholesterol and high blood pressure. In addition, it is good to help prevent some
brain diseases. By investing in the exportation of garlic, you are setting yourself up to reap great financial
benefits. As I write this article, garlic market is growing; in fact, the global garlic market
revenue amounted to over $35 million.
6. Plantain
Investing in plantain exportation is good; with it, you have different options. You can
export it as either ripe or unripe plantain or you may decide to export its bye products.
Such products includes plantain chips and plantain flour.
Exporting plantain from Nigeria is profitable; as a matter of fact, plantain farming in
general is a wealth producing venture.
Just for the record, Nigeria is the highest producer of plantain in Africa; at the same time,
Nigeria is the seventh largest producers of plantain in the world.
You too can join in this lucrative business of plantain exportation. In other words, this agro
export product from Nigeria can be a business to start.
7. Cocoa
A vital ingredient used in making chocolate; originated from the cocoa beans that grows
from cocoa tree. Many other produce derived from cocoa are:
Cocoa butter;
Animal feeds (from cocoa husk);
Alcohol and soft drinks;
Cocoa powder;
Marmalade; and many more.
As a leading agricultural export product in Nigeria; cocoa is a well sought after product. In
fact, this is a product that has put Nigeria on the world map as the forth largest exporting
nation of cocoa in the world. In addition, the Nigeria government gives more insight into
how to start cocoa farming in Nigeria.
8. Kola Nuts
Kola nut is the seed of the cola tree, which contain caffeine and other supplement that
increase energy and at the same time, improve health; it is indigenous to west Africa, can
be chewed or made into a drink.
At the present time, Nigeria is ranked first in terms of top Kola nut producing countries
with over 52% of the market production value; correspondingly, the country produces over
143,829 Metric Ton of the product each year.
According to pricing statistics gathered from Intelligence report, the average Kola Nut
production price (in real time) stood at $3770.50. With Nigeria exporting over 52% of
Kola nut used around the world, her exporting value stand at just below $8 billion.
As can be seen, Kola nut remain one of the top Nigeria export products; in fact, it
generate substantial revenue for the Nigerian government.
How much can one invest in Kola nut business
in Nigeria?
As shown above, Kola nut farming business in Nigeria is profitable. Depending on your
pocket, the initial capital to invest in Kola nut business can be as little as ₦100,000.00.
This can go up to ₦2,000,000. if you want to start on a higher scale.
Nevertheless, it is advisable you secure a buy first before committing your cash into Kola
nut exportation.
9. Bitter kola
Known for its health benefits, Bitter kola has greater variety use; from its use as an
ingredient in the production of Kola soft drinks to agricultural produce in the treatment of
bacterial infections such as tuberculosis and diarrhea.
Be that as it may, Bitter Kola exportation is profitable. According to statistics, Nigeria is
one of the highest producers of bitter Kola in the world. With about 90% of its current
production consumed locally. This is an opportunity for individuals looking to start Bitter
Kola exportation; as it is of high demand in countries like Great Britain, America, China,
India and other Asian countries.
What is the current price of Bitter Kola?
Presently, you can sell 1kg of Bitter Kola at the international market for $17.00; while you
can easily purchase it locally at ₦250.00 (less than $0.70). The profit margin is high, even
after factoring all overheads and cost of shipping.
Similar to the process of exporting Kola nuts, I will advise that you get a serious buyer
before committing to much capital its exportation.
One question often asked is, where can I get Bitter Kola in large quantity?
You can purchase from farmers in Ondo State, Oyo State, Ekiti State and other southern
part of Nigeria. There, the farmers have them in large quantities and they always look for
good buyers.
10. Sesame Seeds as Export Products
Sesame seeds in ranked second when it comes to the sought-after cash crop in Nigeria;
the first is Cocoa. As a result, Nigeria is ranked third on the list of major producer of
sesame seeds across the globe. Only India and China (respectively) produce more.
Presently, Nigeria currently produces over 300,000 tonnes of Sesame Seed per year. And
with the current ₦300,000/tonne in the global market, the country is raking in substantial
revenue for the exportation of Sesame seeds.
Where do Sesame Seed grow in Nigeria?
Most compelling evidence shows that the seed is widely grown in the following states:
Jigawa (highest producing states);
Benue;
Nasarawa;
Yobe;
Gombe;
Kano;
Plateau;
Katsina; and
Kogi States.
As shown above, Sesame seed exportation is one of the valuable agricultural export
products in Nigeria.