Best Agricultural Business Ideas in 2018
The contribution of the Agricultural sector in the Nigerian economy can not be over emphasized. The sector has contributed over 6.5% to the Gross Domestic Product (GDP) last year. In 2016, when the Nigerian economy and virtually every other sector experienced a downturn due to recession, the agricultural sector experienced a huge boost as buyers turn their spending preference to basic food items.
This analysis reveals that the agricultural sector is one sector you will not regret investing in 2018. That is the reason for computing and analyzing best agricultural business ideas 2018.
Business opportunities in the agricultural sector
There are so many profitable business opportunities in the agricultural sector in Nigeria. However, its advisable that you decide on an agric business that you have the drive for. Start up capital should not be an issue as there are funding sources readily available in Nigeria now. Subscribe to afundirectory.com for alert on recent business grant opportunities in Nigeria.
Also the federal government of Nigeria has also proposed that N118.98 billion will be spent to strengthen the nation’s agricultural sector in 2018 in order to ensure food security. This is further reasurance of full governement support for the agricultural sector in Nigeria.
Agricultural Business Ideas for 2018
After a deep and careful analysis of the demand trends of the Nigeria economy in the last 2 years, The underlisted is the breakdown of best agricultural businesses you should consider investing in.