How profitable is banana farming: Do you desire to start banana plantation business in Nigeria?
If you answer is yes, then you are accessing the right blog.
In this article, everything you desire to know about banana plantation business will be made available to you.
You need just one option, and the option is keep reading to discover what it takes to start banana plantation business in Nigeria.
Profitable Banana Plantation Business
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Banana Plantation business is one of the aspects of agricultural business that you can invest on.
Everyone can do it.
You do not need all your money to invest into banana plantation business.
Once you embarked on banana plantation business; you need limited time to run the adventure.
Banana plantain, as we all know is one of the sources of carbohydrate needed by the body.
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Profitable Banana Plantation Business
This important fact makes many to embrace the production of banana.
And I bet you, it is one of the lucrative businesses among agricultural business ever.
We all know, and have eaten banana; there is no need of digging deep as to what banana is.
Having said that, let us consider some of those necessities that will ensure our success, should we embark on starting banana plantation business in Nigeria.
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The necessities for starting banana business:
1. Demand and supply for banana:
Nigeria is a country that consumed vast volume of banana because of its nutrients to the human body.
Even at that, Nigerians have not discovered the potential of producing banana in commercial scale to cater for the domestic needs lest alone for export.
As of today, the demand for banana is on the high side.
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Profitable Banana Plantation Business
Due to the fact that, it is not only used for human consumption but also for raw material purposes.
More so, different people have different ways of eating plantain, some eat it boiled, while others eat it as roasted banana, this is how they enjoy it.
Some fellow enjoy eating the ripe banana, that is, fried one with either beans or rice, yet others eat it as banana chips.
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Still the usefulness of banana can be underestimated.
It is processed to derive banana flour, which is use for other purposes. So Nigerians spent over billions of naira buying and selling plantain annually.
Therefore if I may shock you, there are markets anywhere waiting to buy your produce, should you want to start banana plantation business in Nigeria.
What are the requirements?
2. Land at the tropical zones:
Let us not forget that there are certain lands that support the growing of certain plants or crops.
In the case of banana, the type of land that supports its growth is tropical land, that is, humid soil.
So if you are really interested in venturing into banana plantation business, then you have to secure a land, a large portion of land.
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Profitable Banana Plantation Business
Say a good number of hectares, and preferably, the land should be a virgin land, and in most cases, the land can be invigorated with fertilizers and manure.
You should also consider that, the land be moisture.
The land should have the capacity to retain water.
And please note that, the land should use up the available water because too much of water on the ground does not favour young banana suckers.
Moreso, while preparing the land you intends to plant you banana suckers, you should take into consideration the PH value of the land, such that will sustain your banana, you can make some enquiry about that.
Do some planting improvement on the land and ensure that you treat pests.
See also: 7 key ways to Start Custard Powder Production Business in Nigeria
3. Make available banana suckers:
Having prepared the ground for banana plantation, the next step will be to source for banana suckers.
Please note that if you want to have your banana plantation thriving and yielding bountifully.
Then you should not just buy your banana suckers anywhere, this is very important!
You have to go to designated and recognized centers to purchase your banana suckers.
You should check good suckers that will yield well, example, one foot high with small leaves.
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4. Time to plant:
Now it is time to plant your banana suckers, and please note, the distance between these banana suckers should be about between say, eight to ten ft. at least.
The purpose is that it will ensure good yielding otherwise the leaves of the plantain suckers will obstruct each other.
Ensure that you keep the banana farm land in order before commencing the planting of the banana suckers.
Herbicides are recommended for the prevention of weed growth, and you should remember that your banana farm land should be humid.
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5. Care for your banana plantation:
You do not need all your time to care for your banana plantation business.
Neither do you need enough fund to take care for your banana plantation business.
All what you need to do is to ensure that there is absolute control of weed in your plantation.
If possible, you can make sure that your banana plantation is protected from brawny wind.
And you can also make sure that you plantation retain reasonable volume of water and manure or a balanced fertilizer for the plants’ consumption.
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6. Start-up capital:
I am sure it will interest you to know that much money will take you to start and run banana plantation business in Nigeria.
However, whatsoever it will cost you to start banana plantation business in Nigeria will depend on the scale of banana plantation business you intended to operate.
But irrespective of the size or the scale of your banana plantation business.
I will suggest that, five hundred thousand naira can be used as a start-up capital for banana plantation business in Nigeria.
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Profitable Banana Plantation Business
And this means that, much of the activities of your banana plantation will be borne by you, though you will need to employ few labourers.
Having said that, let me remind you that banana plantation business in Nigeria is money spinning business.
Even if all that you invest is in one hectare, you are likely to get back your investment.
And one thing you should note about plantain farming business is that, it produces money every week.
Different banana matured at different time and pace, so as they matured, you can harvest them.
Profitable Banana Plantation Business
More so, a particular place, that you did plant your banana sucker, at the first time you plant it, can generate money for you for at least four to five years.
Because in that particular hole that you planted your first banana sucker can birth other young banana sucker .
And I make bold to say here that, banana plantation business is a lucrative business in Nigeria.
Do you desire to start banana plantation business in Nigeria?
If you answer is yes, then you are accessing the right blog.
Profitable Banana Plantation Business
In this article, everything you desire to know about banana plantation business will be made available to you.
You need just one option, and the option is keep reading to discover what it takes to start banana plantation business in Nigeria.
Banana Plantation business is one of the aspects of agricultural business that you can invest on.
Everyone can do it.
You do not need all your money to invest into banana plantation business.
Once you embarked on banana plantation business; you need limited time to run the adventure.
Profitable Banana Plantation Business
Banana plantain, as we all know is one of the sources of carbohydrate needed by the body.
This important fact makes many to embrace the production of banana, and I bet you, it is one of the lucrative businesses among agricultural business ever.
We all know, and have eaten banana; there is no need of digging deep as to what banana is.
Having said that, let us consider some of those necessities that will ensure our success.
Should we embark on starting banana plantation business in Nigeria.
The necessities for starting banana business:
7. Demand and supply for banana:
Nigeria is a country that consumed vast volume of banana because of its nutrients to the human body.
Even at that, Nigerians have not discovered the potential of producing banana in commercial scale to cater for the domestic needs lest alone for export.
As of today, the demand for banana is on the high side, due to the fact that, it is not only used for human consumption but also for raw material purposes.
More so, different people have different ways of eating plantain, some eat it boiled, while others eat it as roasted banana, this is how they enjoy it.
Some fellow enjoy eating the ripe banana, that is, fried one with either beans or rice, yet others eat it as banana chips.
Still the usefulness of banana can be underestimated.
It is processed to derive banana flour, which is use for other purposes.
So Nigerians spent over billions of naira buying and selling plantain annually.
Therefore if I may shock you, there are markets anywhere waiting to buy your produce, should you want to start banana plantation business in Nigeria.
What are the requirements?
8. Land at the tropical zones:
Let us not forget that there are certain lands that support the growing of certain plants or crops.
In the case of banana, the type of land that supports its growth is tropical land, that is, humid soil.
So if you are really interested in venturing into banana plantation business.
Then you have to secure a land, a large portion of land, say a good number of hectares, and preferably, the land should be a virgin land, and in most cases.
The land can be invigorated with fertilizers and manure.
Read also: How to Start Snail Farming Business in Nigeria
Profitable Banana Plantation Business
You should also consider that, the land be moisture.
The land should have the capacity to retain water.
And please note that, the land should use up the available water.
Because too much of water on the ground does not favour young banana suckers.
More so, while preparing the land you intends to plant you banana suckers.
You should take into consideration the PH value of the land.
Such that will sustain your banana, you can make some enquirer about that.
Do some planting improvement on the land and ensure that you treat pests.
Banana Plantation Business
9. Make available banana suckers:
Having prepared the ground for banana plantation, the next step will be to source for banana suckers.
Please note that if you want to have your banana plantation thriving and yielding bountifully.
Then you should not just buy your banana suckers anywhere, this is very important!
You have to go to designated and recognized centers to purchase your banana suckers.
You should check good suckers that will yield well, example, one foot high with small leaves.
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10. Time to plant:
Now it is time to plant your banana suckers, and please note, the distance between these banana suckers should be about between say, eight to ten ft. at least.
The purpose is that it will ensure good yielding otherwise the leaves of the plantain suckers will obstruct each other.
Ensure that you keep the banana farm land in order before commencing the planting of the banana suckers.
Herbicides are recommended for the prevention of weed growth, and you should remember that your banana farm land should be humid.
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11. Banana Plantation Business: Care for your banana plantation:
You do not need all your time to care for your banana plantation business.
Neither do you need enough fund to take care for your banana plantation business, all what you need to do is to ensure that there is absolute control of weed in your plantation.
If possible, you can make sure that your banana plantation is protected from brawny wind.
And you can also make sure that you plantation retain reasonable volume of water and manure or a balanced fertilizer for the plants’ consumption.
See also: 28 Tips to Start Perkins Generator Repair/Service in Nigeria
12. Start-up capital:
I am sure it will interest you to know that much money will take you to start and run banana plantation business in Nigeria.
However, whatsoever it will cost you to start banana plantation business in Nigeria will depend on the scale of banana plantation business you intended to operate.
But irrespective of the size or the scale of your banana plantation business.
I will suggest that, five hundred thousand naira can be used as a start-up capital for banana plantation business in Nigeria.
Profitable Banana Plantation Business
And this means that, much of the activities of your banana plantation will be done by you, though you will need to employ few labourers.
Having said that, let me remind you that banana plantation business in Nigeria is money spinning business.
Even if all that you invest is in one hectare, you are likely to get back your investment.
And one thing you should note about plantain farming business is that, it produces money every week.
Profitable Banana Plantation Business
Different banana matured at different time and place, so as they matured, you can harvest them.
More so, a particular place, that you did plant your banana sucker, at the first time you plant it, can generate money for you for at least four to five years.
Because in that particular hole that you planted your first banana sucker can birth other young banana sucker.
And I make bold to say here that, banana plantation business is a lucrative business in Nigeria.