Category : Start A Business

Start A Business

Top 10 Business For Nigerians In Diaspora

If you live outside Nigeria these may interest you so much. Every Nigerian living abroad wants to invest back home. So, I have packaged the best 10 businesses Nigerians in Diaspora can start while living abroad.

Yes, I have carefully looked into how some of these businesses can be done without constant supervision. For those living abroad, you may have experienced how family members or friends squander investment you put them over to manage for you.

So, I’m not going to put you in that situation at all. These businesses are carefully chosen for Nigerians in Diaspora. You can monitor them successfully while still at your based abroad.

How To Start Business As A Nigerian In Diaspora

That you are living abroad doesn’t mean you can’t invest and make extra income in Nigeria. Most of you can’t even return home because you may not be able to finance your trip back to base. But now, I’m showing how you can ensure you live abroad and still make money at home.

The exchange rate is highest in history now. Don’t think it’s ever going to go down. This is your opportunity to earn little abroad and invest better here taking advantage of the high exchange rate.

According to a PWC document, Nigerians in Diaspora would send a total of US$25.5bn, US$29.8bn and US$34.8bn in 2019, 2021 and 2023 respectively. That’s huge money coming back home. And with CBN new policy on forex transaction for Diaspora remittances, you can be sure your money exchange rate is fine.

So, you have the money, it’s time to plan how to invest it securely back home. I’m also going to discourage you from doing investments through family and friends, unless they have experience in investment. Stop giving your money to people who are in financial needs or lack requirement investment experience.

Steps To Create A Diaspora Business

As you plan to invest back home, don’t do it ignorantly. Don’t jump on any offer that looks good. While every business is good enough, there is always secrets how each business works successfully.

Do not neglect the services of experts. Pay good money to get the best guide when starting your business. It’s worth every penny than losing millions in investment. You know the value of using consultants abroad, don’t come back home and be trying to get free information. You are only preparing to invest your money with less professional help. That’s failure in disguise.

I have put together some steps to guide you. Take them seriously, avoid trying to cut corners or do over-sabi.

  • Do Your Research
  • Hire A Consultant to help out
  • Write A Business Plan
  • Plan Your Finances
  • Choose A Business Structure
  • Pick And Register Your Business Name
  • Get Licence And Permits
  • Choose Your Accounting System
  • Setup Your Business Location
  • Get Your Team Ready
  • Promote Your Startup Business

How Nigerians In Diaspora Business Works

I want to assume that you will still live abroad but be operating your business in Nigeria. So, I will devise you that you consider the business ideas carefully and select only what is applicable and suitable for you to do from abroad.

The reason for these Diaspora Business Ideas is to help Nigerians in Diaspora to invest back home in Nigeria without returning to help run or manage the business. The ideas advanced in this article are practically businesses that can be better managed or have the Diaspora investor control important aspect of the business from their base.

Another reason is to get you involved in the daily operation of the business. For example, operating a gas plant may look like something you can’t manage remotely. But being the one to handle the purchase of the gas whenever you need supply helps you control sales as well.

List Of Diaspora Business Ideas

Below is the list of carefully selected businesses you can do as a Nigerian in Diaspora. Make no mistakes, don’t go into any of these business unless you have better information to guide you or hire the services of an expert.

  1. Bitcoin Exchange Business
  2. LPG Gas Plant Refill Business
  3. Built To Rent Real Estate
  4. Build To Sell Rea Estate
  5. Car Wash Business
  6. eCommerce Business
  7. Product Supply Business
  8. Hair Barbing Salon Hub
  9. Fashion Design Business Hub
  10. IT Engineering Business Hub

Bitcoin Exchange Business

Bitcoin is becoming popular in Nigeria now but every transaction is done from sites domicile abroad. Nigerians in Diaspora can tap into this huge potential to provide a trusted exchange for Nigeria on Bitcoin and other virtual currencies.

This business is practically online. That gives you the advantage to operate it from your based abroad.

LPG Gas Plant Refill Business

If you are looking to get into a multimillion naira investment with guaranteed success in Nigeria, here’s one you can do now. Nigeria has huge untapped potential for cooking gas. I have written several articles on the potentials and guide on how to setup profitable cooking gas plant anywhere in Nigeria.

However, I also strongly recommend that hire a gas consultant. Doing business blindly is the cause of most business failures. There are basic principles that must be followed during startup and if you miss those basics the possibility of the business failure could be higher.

Since the business deals with specific volume and measurements, you can control gas supply from your based, while monitoring daily sales lodgments through your online banking.

Built To Rent Real Estate

This one is not new to Nigerians in Diaspora. It’s been done over the years. I’m only going to add a twist to it to adopt it properly for Nigerians in Diaspora best interest. One other thing that I advocating for Nigerians in Diaspora to do when investing in build to rent business is to develop rental spaces that’s irresistible to the target market.

As a Diaspora investor, creating a little rental app could give you the power of your tenancy agreements and renewal dates. That way you can monitor and know exactly when rents are due, whose rent was due, how much are expected and which tenants have defaulted in their payment.

Instead of giving your building to your family members to manage, get a real estate lawyer to manage your buildings.

Build To Sell Real Estate

Still on real estate business that Nigerians in Diaspora can invest into without running risks of family interference and liabilities. You can build to sell properties. You can build apartments to sell. It’s just the usual but having your own special designs.

Car Wash Business

Car wash is a very lucrative business if done well. Although, the challenge is usually managing it properly with people being in control while you are based abroad. But a friend of mine shared with me his secret of running his multiple car wash business.

You don’t even need to return from the Diaspora to run your car wash business. Nobody does that, believe me. I have explained the new management secret for car wash business. It works for anyone whether you live in Nigeria or abroad. You can’t wait to read more about that HERE.

eCommerce Business

The current eCommerce business in Nigeria needs more investors. The Nigerian market is in dire need of quality and trusted products. Nigerians in Diaspora have access to these foreign goods that would sell in Nigeria.

There’s a huge market for demand for quality products. You can create an eCommerce DropShipping store to sell anything from overseas, from diapers, soap, creams, etc. All you need is to offer it in bulk purchase to make the offer what the shipping cost. Then, you arrange local delivery partnership.

If this is done better it will be a huge market for basic foreign goods.

Product Supply Business

This one is similar to the Diaspora eCommerce business. The only difference is that it might not be online based. You just find potential bulk buyers of any quality product abroad and supply it. My cousin brings foreign version of some popular soaps in Nigeria.

As long as people can trust your source that’s it quality and foreign you have a business.

Hair Barbing Salon Hub

Now, let me come back to fully home grown option again. This time, it’s not just an ordinary salon. You are not starting a salon business. You are going to rent big shop in a major location in the city, build a standard salon and rent out either the entire salon or per space or seat, as the case maybe.

You are collecting rent as a landlord, while the head dressers and barbers are your tenants. You don’t have to worry about how many hair done per day. You just calculate rent per day.

Fashion Design Business Hub

This fashion Hub works the same way with salon Hub. It’s just for the fashion designers. You also build a well equipped fashion hub with all the fashion machines required to start a cloth and finish it in the Hub without going outside to get any extra help.

IT Engineering Business Hub

This IT Hub is slightly different but works in similar way with all the other hubs. n IT Hub now is mostly targeted at the highly demand handset market. There’s huge demand for handset repairs.

An IT Hub can have its own service parts store and rent out space to technicians who does the phone repairs. That way, you earn money from the space rent and also from parts sold.

Conclusion

Nigerians in Diaspora has suffered so much loses trying to invest back home. They either fall into the hands of family members or trusted friends, who only aim is to extort money from their Diaspora relatives.

It has helped build discouragement and cold feet among Diaspora Nigerians who would have been a large source of direct foreign investment into Nigeria. Most Nigerians in Diaspora has resorted to waiting till when they are ready to return back to Nigeria to fully setup and manage their businesses themselves.

But, I’m not even the only one who feels Diaspora Nigerians shouldn’t relent in trying to build multiply source of income back home while still living abroad. I have also stumbled on a website (HELPMEWAKA.COM) that helps Nigerians in Diaspora to do anything they want to do back home without using their family members.

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How To Start Goat Farming For Beginners

Goat farming business is one of the most popular livestock businesses in Nigeria. Some people rear two or more goats for personal benefit while some rear for business.

Goat farming business involves the raising and rearing of goats on a small or large scale.

Goats are on high demand for their meat, especially their head, in many restaurants. Goat heads are used to make a soup called ‘Isi ewu’.

Goats are one of the major sources of meat in Nigeria. They are used to celebrate many festivals including Christmas, Salah, weddings, birthdays and many other occasions.

Goats are easy to rear and do not require much attention. For small scale farming, they can be reared in a compound, while a large scale farming would require more land space.

This business is definitely one you can do on the side along with your full-time work.

Is Goat Farming Profitable?

Goat farming is a lucrative business and goats are easy to rear. Their meat is widely eaten across the country and is therefore in high demand.

Since goat meat is a highly required commodity, you can’t go wrong with starting your own goat farm.

How Much Goat Farmers Make

Goat farms need little investment to start but the profit, in the end, is much more than the investment.

This profit is gotten from the meat and the milk for meat-producing and milk-producing goat farms respectively.
Profits can also be gotten from their byproducts which includes droppings, skin, hair and bones.

Tips To Set Up A Goat Farm

Your Business Plan:

Planning is very important, especially in the beginning. How much are you intending to pour in the business? Are you going small scale or large scale? (It’s advisable to start with a small scale business if you’re just starting).

What are you rearing the goats for? Meat, milk or both? Have a plan that covers what your farm entails before you begin.

Get Knowledge:

Get the necessary knowledge you need to run your goat farm. Getting knowledge is important so that you don’t fall for little and avoidable mistakes.

Learn how to take care of the goats, their reproduction and gestation period, symptoms of diseases, and how to properly care for them.

Find A Good Land :

The location of the land for the farm must have pasture available or must be close to pasture. The farm must also have enough space to allow the goats roam freely. A spacious farm allows for less possibility of the spread of diseases.

Construct Infrastructures:

Sheds must also be built to keep the goats together when it’s dark, raining or when the sun is harsh. Since goats move in groups, it’s not advisable to separate them in different spaces or sheds.

Other infrastructure like fences to prevent the goats from getting lost and intruders from getting in, constant water supply, lodging house(s) that can accommodate you or your farm workers, should be made available before the arrival of your goats.

Get A Good Breed:

Get a good breed of goats. If you’d be rearing goats for their meat, get a breed that produces more meat and if you’d be rearing for milk, get a breed that produces milk abundantly.

Goat Feed:

Goats feed on pasture. It’s their original choice of food. Therefore, your goat farm must have pasture. You can plant grasses on your land or arrange for a nearby land where it is approved and favourable for your goats to graze.

There are also healthy processed goat feeds you can buy to feed the goats exclusively or along with pasture.

Get A Veterinary Doctor:

Goats need medical check-ups by a Vet doctor once in a while to check and confirm that they’re in good health and to quickly identify sick goats and separate them from healthy ones.

Marketing:

As your goats mature, discover markets and the market prices so that you have an idea of how much they are worth before you take them to the market for sale.

Startup Cost And Requirements

The startup cost must be sufficient to acquire a good land with good pasture, facilities needed for the smooth run of the farm and the purchase of the goats.

Types of Goat Species to Farm in Nigeria

There are several species of goats reared in Nigeria. These species include both local breeds which are resident in the country and adaptable breeds from other countries.

Local breeds include:

1. African dwarf
2. Maradi/Red Sokoto
3. Pygmy
4. Sahelian

Foreign breeds includes:

5. Boer
6. Saanen
7. Nubian
8. Alpine
9. Toggenburg
10. Jamnapari

Which Breed of Goat is Most Profitable?

The most profitable species of goats to rear for meat is the Boer breed. This breed, unlike most breeds, can produce a good amount of meat even at a year old. It weighs about 300 pounds when mature. Australia is the top exporter of Boer meat.

The Saanen breed is the best goat species for milk production. A mature Saanen goat can produce 1-3 gallons of milk in one day.

Challenges of Goat farming Business

Outbreak of Disease:

Diseases are a major challenge for livestock farms, including goat farms. These diseases include brucellosis, coccidiosis and salmonellosis, among others.

Diseases can be prevented by regular vaccination and deworming. Routine checks by veterinary doctors would also limit the spread of diseases. During these checks, weak animals and ones with visible signs of a disease would be separated from the rest

Limited Access to Pasture:

This problem may arise in certain areas where there is low availability of pasture or during certain seasons like the dry season.

This problem can be tackled by growing a pasture in your farm and consistently watering it during the dry season.

Conclusion

Goat farming business is easy to run and needs little attention and labour. Despite its simplicity, this business has good returns. So, you get the ease (as long as you do it right) and good profit.

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How To Start Mushroom Farming For Beginners

Mushroom farming is a lucrative business with little recognition in Nigeria. Commercial mushroom farming involves the breeding of edible mushrooms for sale.

Mushrooms are the fruiting bodies of a kind of fungi. They grow on their source of food, which is usually a rotting wood, and on the soil.

Mushrooms occur in various breeds with some containing toxins that are harmful to the body while some contain nutrients which benefits the body. Apart from the many nutrients mushrooms are a source to, they have a delightful taste.

The demand for mushrooms is high while its supply is low in Nigeria. Therefore, the supply is supported by exporting mushrooms from other countries.

Is Mushroom Farming Profitable?

Mushroom farming in Nigeria is on low availability whereas its demand is high. With this, starting your mushroom farm would bring you to a market where the product is in high need but there are few suppliers. Therefore, you don’t have to worry about not finding customers.

Mushroom farming takes some effort (what business doesn’t?) but the profit is worth more than the effort. This business can make you a millionaire as long as learn the know-how and do it.

How Much Mushroom Farmers Make?

Mushroom farmers make millions! The amount you profit at the end of one season is, of course, as a result of the amount you invest in mushroom seeds.

For instance, you made 25 bags of oysters which weigh about 500 kilos. 1 kilo of oysters is N2000, 500 kilos of oyster gives you 2000 × 500 = 1,000,000 naira.

Tips To Set Up Mushroom Farm

You want to start mushroom farming, here’s what you need to do.

Get The Know-How:

To start anything, you need to know how to do it or you’ll make the slightest mistake you could have avoided.

This article already gives you a basic knowledge of mushroom farming. Read more about it and also learn from mushroom farmers.

Acquire a Space:

Get a space for your farm. This space should be large enough to accommodate your mushrooms if using the wood log medium. For the sawdust medium, you can use a darkened room with enough ventilation in your house (to save some money) or build a farmhouse.

The Substrate or Medium:

Get the medium or substrate needed to grow the mushrooms. Examples of this substrate are sawdust and bran. The substrate must be disinfected to remove microorganisms which may affect the growth of the mushrooms.

The Container and in-Betweens:

The container can be a plastic bag or something else that has enough space to allow the mushroom spawns (seeds) to grow.

The in-betweens are equipment for sanitation which includes gloves and disinfectants and sprayers to mist the mushrooms.
Good sanitation is a very important factor in a mushroom farm which can either make or break it.

The Seeds:

The seeds called spawns must be of good quality. Aim for quality, not inexpensiveness. Make sure to get your seeds from a reliable source.

Mushroom Spawn Suppliers:

  • Prokee Import And Export Merchants.
  • KC Farm
  • Anighoro farms (based in Lagos, Ogun & and Edo state)
  • JEMAC Alternatives Nig Ltd
  • ECONERG INDUSTRIAL GROUP
  • Jomolu Farms
  • David Nigeria Limited
  • FASFAT INTEGRATED SERVICES
  • TJY Nigeria
  • AILENET BUSINESS RESOURCES
  • AB PROPERTIES AND DEVELOPMENT COMPANY LIMITED
  • Mcprint Systems Limited
  • LTC Mushroom
  • Sweet Fungus Limited
  • ACEPRD Mushroom Farm (University Of Jos)
  • Afudem Farm
  • Santa Nigeria Limited
  • Paramount Integrated Ltd
  • Sunnykem Multibiz Company
  • Ozias Nigeria Limited
  • Lexon International Enterprise

Startup Cost And Requirements

The cost to start initially ranges from N100,000-N500,000. The startup would be on the less side if some of the essentials are present.

The cost for subsequent breeding seasons would also be less since the necessary facilities are already available.

The startup cost is required to cover the acquisition of land, the building of a farmhouse (if you don’t have one already), and all the materials needed for the smooth run of the farm.

Best Ways to Make a Mushroom Farm

To build a mushroom farm, you need a medium– a substrate where the mushroom seed is planted which can allow it to grow.
This medium can either be a log of wood or sawdust.

Sawdust Medium

Sawdust is cheap to get. A bag can be sold for N50 or less if you’re buying many in bulk.

For the sawdust medium:

● Get bags of sawdust and sterilize the sawdust to remove microorganisms that would harm the mushrooms.
● Place the sawdust in a plastic bag or any other container that can accommodate the growth of the mushrooms.
● Combine the seeds of the mushroom (spawns) with the sawdust in the container.

● The mushroom spawns need an initial heat before they grow. So, place the container with the mixture of sawdust and spawns under direct sunlight to heat up for some time.

● After heating, place the container in a dark room or space. This is where the growing process occurs. This room should have good ventilation and be at normal room temperature.

● Pour some soil over the mixture and spray it with water regularly to keep it moistened for about 4 weeks as the spawns grow into mushrooms.

Wood Log Medium

To use this medium, you would need logs of wood cut into several pieces. These pieces of wood must be decontaminated and must be a good breeding area for the mushrooms.

To plant the mushroom spawns,

● Make holes into the pieces of wood and place the spawns in these holes.

● Keep the logs under a shade to protect the spawns from direct sunlight.

● Spray the spawns regularly as they grow into mushrooms.

Types of Mushroom Species

Some of the edible mushroom species to farm in Nigeria include:

Shiitake (Letinula Edodes): This species of mushroom is said to reduce tumours. It’s widely grown in Asian countries, especially Japan.

Oysters (Pleurotus Ostreatus): This species have antibacterial and antioxidant abilities. It may also fight excess cholesterol in one’s body.

Morels (Morchella Esculenta): Morels also have antioxidant abilities like Oysters and are rich in vitamin C.

Chanterelles (Cantharellus Cibarius): This species, like Shiitake, is widely grown in Asia along with Europe’s northern regions and North America. They are rich in vitamins C and D.

Challenges of Mushroom Farming

The major challenge facing mushroom businesses in Nigeria is the inadequate information about the health benefits of mushrooms and the support they can add to the economy.

Mushroom farming is an untapped resource that can generate employment and income to Nigerians if only more people know about it.

Conclusion

Mushroom farming is interesting and it’s valuable. Not many people are involved in it. It’s easy to run and yields magnanimously in a few months. This business is one you should consider. Just learn the process and follow them and you’d have for yourself a booming business. It’s mostly consumed as livestock but it’s a vegetable.

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How to Start A Company with Zero Capital In 2021

This year, unemployment in Nigeria has surged again. Due to the pandemic, many residents have been deprived of their usual sources of income. Losing your job is a nightmare, but there are still ways to become self-employed, even with very little or no investment. I’m going to show you how you can start a company with zero capital.

These ideas can help you succeed despite the saddening turn of economic events. Discover five occupations that pay enough to cover typical expenses and make savings at the same time. You can earn money in one of the following ways.

1. Website Design

You can start a company to create websites, using free online courses to acquire web design skills. In this realm, practice makes perfect, so all you really need is a good eye and perseverance. Instead of spending hours on social media, do something that will pay off in the long term. Then, you may spread the word among your friends, place ads on social media, and gradually grow your clientele along with your portfolio.

2. Fitness Training

Being fit is trendy, so why not leverage this trend? People are still crazy about six-packs and athletic figures. Education is also accessible through the Internet. Begin by toning your own body and offer services to other people. Many Nigerians would like to train, but they have no time to visit the gym or no discipline to work out at home. With home services, you will grow your network quickly, as people will be referring you to their friends.

You can also become a fitness blogger on Instagram and make videos for YouTube. This opens up a world of opportunities in terms of advertising. First, if you have many followers, brands will reach out to you with paid promotion offers. Secondly, you may join the YouTube partner program and to get money for every thousand views. Thirdly, you may open side businesses like the production of sportswear. Overall, if you start small and work hard, there are many possible money flow directions.

3. Online Trading

This year, the popularity of trading online has soared. Skilled traders can make money wherever they are using computers or mobile devices. In 2019, Nigeria had the second-largest volume of FX trading on the continent. Now, it is poised to surpass South Africa. Education is free, and global brokers register demo accounts for risk-free practice on terminals like MetaTrader 4.

The idea of trading in the largest financial markets may sound daunting, but most instruments follow the same logic. Your goal is to buy low and sell high. All operations, from initial analysis to trading and withdrawal of funds are done online. All you need is the right software, reliable brokerage, knowledge, and a sound plan.

Entry into the live market is more affordable than ever, and you may open an account with just two thousand nairas (or $10). Forextime offers accounts denominated in the Nigerian currency, so you will save on conversion fees. Discover what is copy trading and delegate decision-making to professionals.

Start with currency pairs like USD/ZAR or EUR/USD. Subsequently, you will add more assets, which boosts profit and lowers overall risks. Beyond Forex trading, there are precious metals, stocks, and assorted derivatives. CFDs allow holders to profit from changes in different markets without owning any physical assets. There are CFDs on stocks, commodities like oil, market indices like FTSE 100, Bitcoin, and other cryptocurrencies, etc.

4. Private Tutoring

Is there a subject you know really well? Why not monetize your knowledge by teaching others? Young students and kids are not the only audiences. Adult schooling is also in demand, as there are older people who have not studied before due to a lack of time or opportunities. The third avenue is preparation for important exams like WAEC, NECO, GCE, and JAMB.

2020 has changed the education industry as distant learning is the new norm. This means you may not even need to leave your home to work. Register on tutoring platforms and conduct online webinars for groups or one-on-ones. Alternatively, you may build your own brand on social media and get clients from there.

5. Freelance Writing

The written word is still in great demand. You may become a copywriter and create marketing materials for companies, as the Internet is the main conduit for advertising today. Alternatively, you start your own blog and monetize it through Google AdSense. Finally, you can become a proofreader and check other people’s work without the need to write anything new.

Look Beyond the Familiar

Despite its rampant unemployment, Nigeria offers many opportunities for those who want to start their business. These five ideas require little or no capital, and education is free. Build your own brand, and it will help you earn money for years to come.

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How To Start Pig Farming For Beginners

Pig farming is a kind of livestock farming which involves the rearing of pigs. Pigs, if nurtured and reared well, mature for market quicker than most livestock. Their breeding rate (about 10 healthy piglets) also contributes to providing more profit to their farmer.

Pig farming isn’t gross as it’s stereotyped to be. In fact, an emphasis is placed on cleanliness and biosecurity like other livestock farms. Maybe even more than other farms.

Pig farming as you already guessed is the rearing of pigs for commercial purposes.

How Profitable Is Pig Farming?

Pig farming is highly profitable. It however doesn’t have the recognition it deserves in Nigeria. Pig meat (pork) is a good source of animal protein. The nutritional benefits pork is capable of giving trumps over religious biases some people have about it.

How Much Pig Farmers Make

A mature pig can be sold for N35,000-N40,000. The sale of 50 mature pigs for N35,000 would give you 50 × 35,000= N1,750,000. If you raise 200 mature pigs in a year, your return would be 200 × 35,000= 7 million naira.

However, the market-quality of the pigs depends on the quality of the pig’s breed and its overall health.

Demand For Pig Meat

The demand for pig meat (pork) is high in Nigeria but there are few localised sources. About 80% of the pork consumed in Nigeria is imported.

Pork is a major source of animal protein and though there are religious discriminations against pork, the nutritional benefits can not be ignored.

Tips To Set Up Pig Farm

Starting your pig farm can seem a little daunting and confusing at first ’cause where do you start from

Here are some tips you should know before launching your pig farm:

Startup Capital:

The startup capital is an important component that determines the others. It must be enough to cover vaccination, housing and feed for the pigs.

Free-Range or Intensive:

Pigs can either be reared in a free-range system or an intensive system.

In the free-range system, the pigs are allowed to roam about and graze on a fenced piece of land. In this system, the animals have enough space to themselves and there is less possibility of the spread of diseases.

Shade must be provided in the free-range system to prevent the pigs from getting sunburns and to provide a cool atmosphere for the pigs.

In an intensive system, the pigs are kept in a secured building and their movements are usually limited to the house. The animals might be allowed to roam on fenced grounds and are later returned to the building.

There must be enough space to accommodate the animals in the building to prevent overcrowding.

3. Housing: The house the pigs are kept in must allow enough air in and be cool even in hot periods. This is because pigs are vulnerable to stress from heat. The building should also be spacious enough for the number of pigs accommodated in it.

4. Getting the pigs: When getting the weaners (little pigs), ensure that they are of good genetics and in good health. Although we sometimes go for the cheaper alternative, don’t do that while purchasing the new pigs. Purchase the ones of good quality.

5. Availability of water: The availability of water is a very important factor that determines the proper growth and function of pigs.
On average, a young pig needs about 10 litres of water in a day while an adult pig needs 25-50 litres in a day.

That is a lot of water!

Apart from the nutritional benefits of water, pigs also use water to regulate their body temperature. This is also a reason why they bathe in mud.

There must be a constant supply of water available and a backup reserved water in case the supply of water is cut short.

6. Quality of feed: What kind of feed would you be providing your pigs? The feed must be a balanced diet, providing your swine all the needed nutrition.

7. Marketing: When your pigs are getting mature for the market, find a good market for them and sell at profitable rates.

8. Start small: It is advisable to start small when you’re just beginning. This would enable you to test your knowledge and capability. And it would also shorten the number of possible casualties that may occur due to your experience level. As soon as you get the hang of it, increase the number of weaners the next time.

Startup Cost And Requirements

The cost of starting up a pig farm must be enough to cover the land, housing, the pigs, vaccines, feed and feeding equipment.

Pig Farm Construction

The construction of a pig farm solely depends on whether it’s a free-range or an intensive housing system.

For an intensive housing system, a building with enough ventilation and light would be erected. This building must be able to keep them warm during the cold season and keep them cool during hot seasons.

For a free-range system, the field provided for the pigs to graze and roam on must be fenced to prevent them from wandering till they’re lost. Also, a house must be built to gather the pigs together when it’s dark to protect them from predators and cold.

Light, water and shade must be made available to the pigs in either kind of housing system. Good quality feed and water must also be provided.

The Best Pig Species

The best species of pigs in Nigeria are:

1. Local breeds: They came in different colours: white, black, brown.

Foreign breeds include:

2. Duroc: They are red in colour and are muscular. Also, their growth rate is faster than the other breeds.

3. Hampshire: They are black in colour with a white band around their body. They are also muscular.

4. Landrace: The pigs are white in colour and they have long bodies.

5. Yorkshire: This breed is white in colour and also has long bodies.

Challenges of Pig farming Business

1. Disease and infection: This is a major problem many livestock farmers face. The spread of disease can be prevented by not overcrowding, by vaccinating the pigs and by examining them regularly for signs of an infection.

2. Acquisition of land: Finding land that not only accommodates the pigs well but one that also accommodates their waste products might be hard to find. Also, when choosing a land, consider it’s closeness to markets, access to water and convenient roads.

3. Cost of feed: Pigs feed on several ranges of food: foods humans eat, vegetables, leftovers from restaurants and many other scraps.

4. Startup Capital: Fresh and young entrepreneurs face the problem of low or no startup capital. They may have the idea and knowledge to start a pig farm but the capital is absent.

This challenge can be tackled by saving, investing, receiving a loan, lending from friends and family, selling stuff you don’t need, and many more.

Conclusion

Pig farming is an interesting kind of livestock farming. It is an overlooked business, therefore, there are only a few farms in Nigeria. Even with this, it is consumed significantly in the country.

Pig farming requires time, money and care like other kinds of livestock farming. Like most livestock farms (if not all), pig farming is highly profitable. Gather the necessary knowledge you need to build a successful pig farming business and start building your farm.

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