SOFT COPY SUBSCRIPTION
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 http://www.foramfera.com/index.php/membership-zone
VERICOMPOST PRODUCTION{FERTILIZER PRODUCTION} IN NIGERIA; THE OPPORTUNITIES.
Until the late 1970's ,Agriculture used to be the mainstay of the Nigerian economy contributing as much as over 90% of the Gross Domestic Product {GDP} and employing over 70% of the entire population.directly or indirectly.
Then each region in the country produced different agricultural products suitable to their soil and climatic condition. The northern part of the country produce mainly groundnuts, soya bean,hide and skin,cotton seed in large quantity while the south eastern part of the country produce oil palms products. In south western Nigeria Cocoa,rubber,oil palm and kola nut are produced in large quantity for export.
However, upon the discovery of crude oil in commercial quantity and the subsequent drilling of the first oil well in Oloibiri in present day Bayelsa state,the agricultural sector in Nigeria suffered neglect from successive government because of the easy and huge revenue the government were receiving as royalty and other taxes from the oil producing companies.
This situation as resulted in the agricultural sector contributing less than 10% of the Gross Domestic Product {GDP} of the country in the past twenty {20} years in-spite f the fact that over 70% of the total land area of Nigeria is good for Agricultural production.
With less achievement in the social and economic development of the country over thirty {30} years of producing hydrocarbon,government at the federal,state and local level has come to the realization that unless the country returns to agriculture as the mainstay of the economy less would be achieved. Not just in terms of revenue would a shift back to agriculture be beneficial but in the use of modern technology that are cost effective to feed the teaming population.
Nigeria has a lot of comparative advantage in the production of so many agricultural produce given the good nature of our soil and climatic condition. The government is providing irrigation services to encourage all year round farming in the country .
Fertilizer is a very important input in any agrarian society like Nigeria where over 50% of the population still engage in one form of farming or the other . It is a known fact that no meaningful agricultural operations can be carried out without the application of the right fertilizer to enhance good yield.
The most common type of fertilizer in Nigeria are the inorganic type in different NPK composition ,NPK standing for Nitrogen ,Phosphorous and Potassium.
However,due to a number of factors like the cost and ease of procurement and the harmful nature of the chemicals to the environment ,farmers and indeed government would readily partner with investors that can a batter alternative,as can be seen with the Lagos state government that is producing fertilizer from about 30% of the total waste generated in the state and sales to farmers at a much better rate compared to the inorganic types.
Vermicompost is the product or process of composting utilizing various species of worms, usually red wigglers, white worms, and earthworms to create a heterogeneous mixture of decomposing vegetable or food waste, bedding materials, and vermicast. Vermicast, similarly known as worm castings, worm humus or worm manure, is the end-product of the breakdown of organic matter by a species of earthworm.
The market for fertilizer in Nigeria is national ,expanding and sustainable. The market is second only to petroleum products in Nigeria. Various tiers of government gives great priority to it's availability and distribution.
It is important to note that over 80% of all the fertilizer consumed in the country is imported.
Vericompost production would provide a cost effective benefit for farmers and government would be a viable business to venture into.
To continue reading this article and other investment opportunities in Nigeria, please do click on the link below
VERICOMPOST PRODUCTION{FERTILIZER PRODUCTION} IN NIGERIA; THE OPPORTUNITIES.
Should you require a market research report on the above subject matter, please do contact us.
At
Foraminifera Market Research {www.foramfera.com}, 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}
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
Twitter: https://twitter.com/fmarketresearch
HUMAN DEVELOPMENT PROGRAMMES AND TRAINING OPPORTUNITY IN NIGERIA
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
www.nigeriaoilandgasportal.com {The one stop for the oil and gas industry in Nigeria}
www.marketreportportal.com {Marketing and Sales of Market Intelligence Report}
www.nigeriabusinessplace.com {Online Business Forum}