What's Best To Do With 1 Million Naira In Agriculture?
7 analysed pages ·
open on Nairaland ↗
market_access_offtakers · 7knowledge_transfer · 7feed_formulation · 3training_extension · 3farm_management_outsourcing · 2capital_credit_grants · 2youth_in_agriculture · 2diaspora_relocationprofitability_claimsexpertise_verificationhousing_equipmentgroup_formation
page 0 · 29 posts · 24 participants
· discussion_qa
This thread is a community-driven Q&A where a user asks for investment advice on 1 million Naira in agriculture, receiving diverse suggestions ranging from livestock (poultry, fish, snails) and crops (cassava, plantain) to relocation and savings. The discussion highlights the importance of research, mentorship, and avoiding impulsive decisions, with no single author dominating the conversation.
Credibility signals:
personal_experiencefamily_connectionorganizational_affiliation
“First, invest the money in a good savings account in a bank, possibly fixed deposit for a month. Then get online... Read.... You need to spend hundreds of hours reading about what people have done in the past... Of note is this agric section of NL.”
“Guy u see dat 1million u wanna waste on agriculture I'd advice u use it to move over to Malaysia and am sure ud thank me later”
“I sincerely do not understand you. Are they sharing money in malaysia?”
page 1 · 31 posts · 29 participants
· discussion_qa
This thread is a knowledge exchange where users debate the best agricultural investments for a 1 million Naira capital, specifically comparing poultry, fish farming, and crop production. While several posters offer detailed breakdowns of potential profits and operational timelines, the discussion is marred by skepticism regarding the viability of poultry as a 'gamble' and warnings about market access issues like lack of buyers. The page features a mix of practical advice, specific financial projections, and a few promotional attempts, but lacks significant coordination efforts or evidence of fraud.
Pain points:
no_buyers
Prices:
Land (leasehold): NGN300.0 (per day construction cost)300-day-old chicks: NGN150000.0 (per year)Land (buying): NGN200000.0 (per hectare)Layers (200 birds): NGN200000.0 (investment cost)Profit (Layers): NGN40000.0 (per month)Layers (1000 birds): NGN200000.0 (selling price)Profit (400 birds): NGN80000.0 (per month)
Credibility signals:
Professional affiliation (Industrial Training at Federal Government Establishment)Educational background (Agricultural Science graduate)Specific investment breakdowns and timelinesLocal knowledge (mentioning specific farms in Epe)
“Don't do poultry it's a gamble”
“Invest half the money in poultry farming, a quarter in fish farming, and another quarter in sheep rearing.”
“Many of them don't know. I have seen poultry farmers with grown birds this Christmas yet no buyers..”
page 2 · 32 posts · 24 participants
· discussion_qa
This thread is a Q&A discussion where users debate the best agricultural investments for 1 million Naira, with a strong focus on poultry and fishery. The conversation features a mix of practical advice, skepticism regarding 'internet farmers,' and requests for private contacts or training details, indicating a blend of genuine inquiry and potential commercial solicitation.
Pain points:
no_credit
Prices:
layers: NGN500000.0 (Nigeria)layers: NGN500000.0 (Nigeria)layers: NGN1000.0 (Nigeria)broilers: NGN900.0 (Nigeria)broilers: NGN3000.0 (Nigeria)land: NGN600000.0 (Nigeria)
Credibility signals:
professional_titlelocation_specific_adviceinstitutional_affiliation
“With N1million, you can start with 500 layers.Half million naira for the fixtures and half million naira for the operating/running cost.”
“I know many agric graduate, the truth is they do not want to get their hands dirty.”
“Wit 600k u can get ur personal 4acres of land cheaply n go into plantain plantation.”
page 3 · 32 posts · 25 participants
· discussion_qa
This thread is a Q&A discussion where users debate the viability of investing 1 million Naira in various agricultural ventures like fish farming, poultry, and plantain. The conversation shifts from practical advice on machinery and labor to a heated debate regarding a user selling training courses, with several posters accusing the seller of fraud and misinforming potential investors.
Pain points:
defraudedno_credit
Prices:
eggs: NGN20.0 (wholesale)training: NGN5000.0 (Abeokuta)
Credibility signals:
citing years of experiencenaming farm size or locationreferencing an association
“N1 million is not much it can only do 3000 giant hyprid plantain then try to intercrop it with cucumber, you start making you money back after 49 days and you can turn your 1m to 4.7 in 18 months.”
“You should be discipline financially in any area you invest in. Be committed and devoted to succeed. Beware of scammers.”
“world 1 is only out to sell his suckers . Do ur due diligence.”
page 4 · 32 posts · 13 participants
· discussion_qa
This thread is a Q&A discussion where users debate the best agricultural investments for 1 million Naira, with a specific focus on poultry and pig farming. The conversation shifts from general advice to a practical consultation request regarding pig farming in Delta State, followed by a promotional post for an agribusiness training course and a final advertisement for poultry supplies.
Prices:
training: NGN5000.0 (Abeokuta, Ogun State)
Credibility signals:
AreaFada2 mentions spending years at university with science and medicine ladiesSleekyshuga identifies as an Animal and Environmental Biologist at Uniport with specific course detailsSleekyshuga mentions working as a consultant and having an industrial training placementstanisbaratheon references a specific supervisor (Mr. zitte) from the same department
“I intend to start in january of 2015 and would really appreciate it if you can help. i intend to have the farm in Warri Delta State.”
“Am sorry you can't successfully grow a pig over there due to so many factors of pollution. Alot of people from your side do come here(southwest ) to buy pigs”
“Oga, which breed of Layers lays 2 eggs per day? Do you have a layers farm, if yes...I will love to come around and see your birds so I can buy those breeds in my next breeding cycle.”
page 5 · 31 posts · 16 participants
· discussion_qa
This page is a long-running discussion thread initiated by a question about investing 1 million Naira in agriculture, which evolved into a mix of peer-to-peer advice, specific business inquiries, and opportunistic advertisements. The conversation covers diverse topics including prawn farming economics, turkey business challenges, and arbitrage opportunities for moringa seeds, with users sharing personal experiences and seeking contacts for mentorship or partnerships.
Pain points:
bird_mortalityno_creditlabour_scarcitystorage_loss
Prices:
dried prawn (rubber): NGN6000.0 (Southern Nigeria)crayfish (rubber): NGN3000.0 (Southern Nigeria)soya beans (bag): NGN10000.0 (General)moringa seed (kilo): NGN500.0 (Far North)moringa seed (kilo): NGN550.0 (Far North)moringa seed (kilo): NGN1500.0 (North Central)day old turkey: NGN500.0 (Ibadan)day old turkey: NGN600.0 (Ibadan)farm plot set up fee: NGN75000.0 (General)plantain intercropped with vegetables (plot): NGN100000.0 (General)hatchery service (egg transport): NGN2000.0 (Rivers to Imo)
Credibility signals:
citing specific educational background (Agriculture, IT, Animal & Environmental courses)mentioning specific farm locations and market hubs (Ibadan, Markurdi)sharing personal investment history and business failures/successesquoting specific prices and quantities from recent transactions
“Except you don't know prawn, the market value is very high especially in the Southern part of Nigeria, and also other parts of the world (UK, North America, Ireland) etc..”
“Agric bussiness is a very good bussiness no doubt about it but you must learn the trade and understand the gimmicks before you put your money into it.”
“Just carry your moni go far north buy moringa seed at #500*#550 per kilo Take it to another location within north central and sell at #1500 per kilo”
failed
page 6 · 10 posts · 7 participants
· discussion_qa
This thread is a Q&A discussion where users debate the viability of investing 1 million Naira in specific agricultural ventures like snail and goat farming. The conversation features conflicting opinions on profitability, with one user warning against snail farming as a scam while another recommends goat farming as sustainable.
Pain points:
defraudedno_credit
Credibility signals:
explicit_experience_claimdirect_experience_claim
“Snail farming is a waste of time and resources,I have been there and saw it all”
“please don't waste your time and resources on it,It is not practicable, they just use it to scam people.”
“I would have advise you go into storage but this government has tactically spoilt storage business”