Monday, January 24, 2011


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.


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Nigeria presently produces about 500,000 MT of Soya bean annually making it the largest producer of the product on the African continent. Soybean is a legume which is produced in most the middle belt of the country with Benue state accounting for about 45% of the total production in country.

Soya beans are an important source of high quality and inexpensive protein and oil. With an average protein content of 40% and oil content of 20%, soybean has the highest protein content of all food crops and is second only to groundnut in terms of oil content amongst food legumes. Soybeans are used in the production of milk, edible oil and animal feed. It’s high protein content and price makes it the best option in terms of treating malnutrition and would continue to expand the international market for the product which currently is estimated at US$40 billion.

Nigeria currently produces soybean worth $85 million in the international market and though most of the nation’s soybean is consumed locally where they are used in the production of soymilk and specially formulated foods to help malnourished infants and children, the international market for the product is growing and sustainable.

In Nigeria, soya beans is mostly produced in the middle belt with benue state accounting for over 70% of the production in Nigeria. Some of the states producing soya beans in Nigeria include Kwara, Kogi, Oyo, Ondo, Osun, Nassarawa, Kaduna, Niger, Bauchi, Ogun, and Taraba states. Other states are Adamawa, Abia, Enugu, Anambra, Jigawa, Lagos, Plateau, Ekiti and the Federal Capital Territory.

The process of export would begin with the exporter purchasing a feasibility study on the export of the product, sending samples of the product of light-brown variety found in Nigeria and then securing of the contract. We also expected that the exporter would have registered with Corporate Affairs Commission and Nigeria Export Promotion Council.

The product could be packaged in 50 Kg or 100 KG depending on the agreement with the buyer.
The successful implementation of this project begins with the purchase of our detailed business plan to ascertain the actual cost/benefit status of the project. Company registration with Corporate Affairs Commission and Nigeria Export Promotion Council is also required.

The return on investment on the export of raw cashew nuts is estimated between 10%- 15%.

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


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Can you supply soya beans from Nigeria and you are seeking for export contract? Then use our business process outsourcing service. Contact us with the details given below with the subject line as SOYA BEANS EXPORT IN NIGERIA: SOYA BEANS EXPORT CONTRACT.

At Foraminifera Market Research {}, we provide bespoke and up to date market research reports for beginners and exporters already in the commodity export market.

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. 

You can order our detailed feasibility report on the export of soya beans in Nigeria by clicking on the link below.

Report Code: FORA/08/2011/049

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

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

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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}