Friday, September 17, 2010


From June, 2013 Foraminifera Market Research would start publishing our E- magazine. The magazine would focus on investment and business opportunity in Nigeria. Be the first to get hot investment and business opportunities in Nigeria by subscribing to our E- Magazine, Investing in Nigeria.


Annual subscription x 12 issues

Never miss another issue of Investing in Nigeria magazine. Get an Annual Subscription and get Investing in Nigeria magazine delivered direct to your E- Mail Address every month!

You would also have 12 months access to over 50 market intelligence reports on our website.
N5, 000 for 12 issues
Euro 25 for 12 issues
$32 for 12 issues

Subscribe Now!

For more on our subscription and membership package, please do visit


Nigeria, with a population of over 140 million people is grossly underprovided with essential food components like protein which is important for the realization and development of human potentials both mentally and physically. Data from the FOS, CBN, and FAO indicates that from cattle, less than 2kg of beef is available to an average Nigerian per year and just mere 4kg of eggs per annum is available to each Nigerian. In fact, milk production has been nose diving or at best has remained constant since 1994.

This scenario is compounded more so because the volume of egg supply is very low, being 10.56g per person per day as compared with the usual recommendation that an egg should be consumed by an adult per day.

To ameliorate this problem of low-level of protein intake, there is the need for concerted effort, among the various stakeholders to bring about the massive production of protein based food items especially through massive investment in the livestock and it consequence increase local production of milk.

Until the late 1970’s when hydrocarbon was discovered in commercial quantity in Oloibiri ,present day Bayelsa state , Agriculture remained the mainstay of the economy contributing over 90% of the Gross Domestic Product (GDP) of the country as against the less than 40% it now contributes with crop accounting for 80%,livestock 13%,forestry 3% and fisheries 4%. Despite the prominent role of the Petroleum sector, Agriculture still employs about 70% of the entire population both formal and informal.

Though Nigeria is the largest producer of cow milk in West Africa and the third in Africa, the country is a net importer of the product and in order to increase the percentage of the livestock sector and local milk production in Nigeria, massive investment is required in the dairy industry to meet up with the 1.45 billion litres estimated national milk requirement.

The Nigerian dairy industry represents an important component of the agribusiness sector of the economy with great economic, nutritional, and social implications. Dairy products provide the most important amino acid required for body building as well as tissues repairs in human beings. Animal protein equally supplies its own level of energy required for daily activities. It is also essential for the synthesis of certain hormones, enzymes and body products in both man and animals.

Nigerians have been observed to consume more of plant protein, which has been found to be of lower quality than animal protein. Small scale dairy milk processing plants can take up the challenges of improving the consumption of animal protein by the teeming population as well as supply those nutrients instead of going for the large scale dairy milk processing plant which require capital outlay. The use of exotic breed with high milk production and having resistance for tse-tse fly dominate in the rainforest region of Nigeria, we also boost production of the commodity.

Presently, the local production of milk is less than 1% of the total annual demand that has been estimated at 1.45 billion litres, making the total milk consumption in Nigeria less than 10 litres per head whereas the global average is about 40 litres per head. In other parts of Africa, it is 28 litres per head.

It has been estimated that about 500,000 cows and between 300,000 to 400,000 hectares of land is required to meet the national demand of the country.

The recent attempted ban on imported powdered milk in order to encourage local production in Nigeria ,should be seen as a wake-up call for savvy investors to take advantage for small scale milk production in the country and tap into the largely import dependant diary industry in Nigeria.

A number of incentives have been put together to encourage investment in agriculture. These include;

o Finance Credit
o Tax Holdings
o Reduced Customs Charges on Imported Inputs
o Technical Support through Research Institutions
o Export Financing and Guarantee
o Agricultural Insurance Scheme
o Extension Services

To continue reading this article and other investment opportunities in Nigeria, please do click on the link below


Should you require a market research report on the above subject matter, please do contact us.

At Foraminifera Market Research {}, we provide bespoke and up to date market research reports for start-ups and those already in business.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies. 

Do you require one- on- one consultancy on the subject matter? Contact us with any of the details provided below to arrange a meeting

Office Phone Number: 01- 295 24 13 {Monday – Saturday; 8 am – 5 pm}
Mobile Number: +234 {0} 8033782777 {Monday – Saturday; 8 am – 6 pm}

E-Mail Address:

Office Address: 

61-65 Egbe- Isolo Road,
Iyana Ejigbo Shopping Arcade,
Block C, Suit 39,
Iyana Ejigbo Bus Stop,
Ejigbo, Lagos.

Like and Follow us on 


Our human development training programmes are designed to assist our client set-up their respective business on a sound footing.

The training cuts across different segment of the economy to include Agriculture, Export and Import, Food and Beverage, Manufacturing, Mining and Quarry, Oil and Gas, Retail Industry, Telecommunication, Tourism and Transportation and are facilitated by seasoned professionals in their respective fields.

Please do visit the link below to access available training programmes

Foraminifera Market Research is a dynamic market intelligence company providing comprehensive market research solutions and strategic intelligence services to start-ups and existing businesses in Nigeria.

We prepare business plan, feasibility study and market report for the small and medium scale industries and develop the entrepreneurial capacity of our client with the aim of providing the much needed business data in Nigeria.

In keeping with our vision of providing services that adds value to our clients business and resources to develop their business into a strong and visible global brand, we would like to introduce to you to our sister websites {The one stop for the oil and gas industry in Nigeria} {Marketing and Sales of Market Intelligence Report} {Online Business Forum}