Top 12 Lucrative Agribusinesses Enterprises in 2024

Table of Contents

This article Xrays some top Lucrative Agribusinesses Enterprises in 2021 to embark on. while this list not exhaustive, the following 12 enterprises are worthy of note with respect to return on investment.


Azadirachta indica, also known as Neem, Nimtree, Ineem and Indian Lilac is a tree in the mahogany family Meliaceae. In Nigeria, they call it Dogoyaro.
It is also called tree of life because you can use it to cure over 100 diseases. When you cook the leaves, the liquid is used as fungicide. The oil from the seed is used as fungicide in Agriculture. In Nigeria, we destroy all our dogoyaro trees and import toxic fungicides.

lucrative agribusiness


In Nigeria, we gather cow bones and either burn it or bury it. However, if burnt in an oven, it contains about 16% phosphorus. It has more phosphorus than you have in your standard NPK fertilizer.
In China, it is processed and packaged with dolomite and sold back to us as NPK.


The Bambuseae also known as Tropical Woody Bamboo is the most diverse tribe of bamboos in the grass family. It consists of woody species from tropical regions, including some giant bamboos. They grow everywhere and uselessly in Nigeria. They can grow up to I meter in 24 hours.
The bamboo is considered a nuisance in Nigeria, so we set fire on it every year to get rid of it. But as God made it, it comes back next year bigger! In China, bamboo is used to make many things e.g toothpick. But Nigeria spends billions importing toothpick from China.

Top Lucrative Agribusiness in 2021: OIL PALM TREE

Elaeis guineensis is a specie of palm commonly called African oil palm or macaw-fat. It is the principal source of palm oil. Nigeria oil palm tree is one of the strongest wood on earth. In Nigeria, when the palm tree stops producing fruits, we cut them down and burn them. In America, they use the palm wood for beam construction and a contianer of it worth about N2,355,000 ($7,500).


Calcium Carbonate is all over the place in Kogi state and Auchi, Edo state Nigeria. It contains high level of calcium and magnesium. It is used to remove acidity from the soil in Agriculture. Therefore, it is added to fertilizer as micro-nutrients in America and Europe, since calcium and magnesium are major micro-nutrients. In Nigeria, we buy calcium and magnesium from China for about N109,900 ($350) per tonne. In Auchi, Edo state, it costs N8,000 ($26) per tonne.

Top Lucrative Agribusiness in 2021: ALFALFA GRAIN

Alfalfa, Medicago sativa also called lucerne. It is cultivated as an important forage crop in many countries around the world. Nigerian livestock farmers hardly make profit because they feed animals with human food.
In Nigeria, poultry farmers use maize and soybeans to feed chicken. In America, farmers use alfalfa to feed livestocks. It is cheap and grows like grass. Its protein content is 4 gram (per 100 gram). You harvest it every 6 months and it keeps growing for 9 years. It grows in Nigeria and adopting it as livestock feed will reduce the price of chicken and other livestock meats in the market by up to 50%.


Bentonite is an absorbent aluminium phyllosilicate clay consisting mostly of montmorillonite. Bentonite clay is available in millions of tonnes in Edo state, Nigeria. It is used for making dusty powder for babies. Nigerians sell it to ‘Johnson and Johnson’ in Belgium for $300,000 ($955) per tonne. They make dusty powder with it and sell it back to Nigeria at N1,200 ($3.8) per 500 gram, which amounts to N2,400,000 ($7,643) per tonne.
This is calamine lotion you buy in the market and you can buy the same thing on online shops which is not processed.

Top Lucrative Agribusiness in 2021: GRAINS OF PARADISE

Aframomum melegueta is a specie in the ginger family, Zingiberaceae. It is commonly known as alligator pepper in Nigeria.
In Europe and America, it is very expensive as a spice and it is also used to add taste to some beer brands. The problem is that the Europeans don’t have it, it only grows in West Africa. A tonne of it costs up to N1,004,800 ($3,200). We have it in Nigeria and it grows happily.


In Nigeria, they call the seeds ‘fake Ogbono’. In Nigeria, this mango is left to rot away.
In Europe and America, the seeds are used for medicine and very expensive. The problem is that it only grows in West Africa. A tonne of the seed can fetch as much as N1,632,800 ($5,200). We have it in Nigeria and it grows happily, everywhere.

Top Lucrative Agribusiness in 2021: IISR PRABHA (TURMERIC)

This is a variety of Indian Turmeric. It has average yield of 35 tonnes per hectare. It is propagated through mother rhizomes and finger rhizomes. It takes 6 months to be harvested. Turmeric powder is the most common value-added product of turmeric. It produces 18 tonnes dry mass.
In China, Europe and America, it is used as medicine and in cosmetics and very expensive. In world market, 1 tonne goes for N314,000 ($1,000) and above, which is N10,990,000 ($35,000) per hectare. It thrives well in Nigerian agronomic conditions can be grown in any state in Nigeria.


The Nigerian Dwarf goat is a miniature dairy goat breed of West African ancestry. The U.S. Department of Agriculture has approved the Nigerian dwarf goat as a livestock dairy goat, which makes the breed eligible for Youth 4H and FFA projects.
In Nigeria, it costs about N3,000 ($9) for a young one. Since Nigerians don’t know their value, the Americans have decided to keep them as pets and they pay as much as N109,900 ($350) to N157,000 ($500) for each young goat to get them as pet in U.S.A.
What are Nigerian Youths waiting for?


Scorpions are predatory arachnids of the order Scorpiones . They have eight legs, two pedipalps, and a tail with a venom-injecting barb. Scorpions have two venom glands that produce venom used in hunting and self defense.
Scorpion venom is the second most expensive liquid on earth after a horse’s semen. A litre costs about WHOOPING N3,754,265,580 billion ($10,428,515.5) and a gallon (3.7 litres) for N13,890,782,646 billion ($38,585,507.46). Yes!…you heard me right, I am talking about ‘BILLIONS’ of Naira here per litre. We have scorpion all over Africa and it can be seen everywhere in Nigeria. What are Nigerian Youths waiting for?

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The Sabiagrik Team

At Sabiagrik, we're dedicated to bridging the knowledge gap in the agriculture sector, helping enthusiasts transform their passion into thriving businesses.