Agricultural businesses are the most lucrative businesses in the world, apart from the low-cost of start up and running the business, they turn out a huge profit of up to 100%.
Charcoal is one area of non oil export which has the potential to generate thousands of euros and many Nigerians are now successful entrepreneurs since they discovered the gold mine.
Besides being the fuel that cooks,Â a number of companies have discovered that charcoal can be used in certain metallurgical purifying treatments and as a filter to remove organic compounds such as chlorine, gasoline, pesticides, and other toxic chemicals from water and air.
Though, one of the nationâ€™s biggest export earner, it cost no fortune to set up and there is no shortage of market overseas, added to this, one can run it from home.
Do you know that you can make 100% profit if you buy your charcoal from the farm or production site and sell to the retailers?, aÂ bag of charcoal (32 to 35kg bag) is being sold for NGN450 to NGN550 from the farm, while the retailers sell to the final consumer at NGN1000 to NGN1,5000 per bag.
Nigeria has vast forest area that can produce thousand of tonnes of charcoal annually, all you need to do is to buy the charcoal from the farmers and bring it down to the major cities like Lagos, Abuja, Kano and PortHarcourt and resell to the retailers. Â You can turn your investment ten times within one year and profit in each trip very rewarding.
But Like a popular saying, “To invest you have to investigate” it is advisable to have a full knowledge of the business before taking off, find out if they have an association in your vicinity, and Â joining the association will allow you to operate with peace of mind.
The cry for alternative energy source has put Charcoal in theÂ forefrontÂ in the global market as a large market exists in EU, USAÂ and ASIA with prices ranging from 200 Euro to 250 Euro per ton (FOB Nigerian Port), depending on mode of packaging.
The charcoal industry is a multi-billion dollar industry and a money spinner for interested investors.
You can engage in some of these agro lucrative businesses rather than remain unemployed, or even if employed, you can also think of multiple streams of income. This is one of the million ways of building our economy.â€ª#â€Žmadeinnigeriaâ€¬ â€ª#â€ŽBuildNaijaToGrowTheNairaâ€¬.
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For more insight on Market and Price information services, commodity Trade facilitation and Agro advisory, contact Novus Agro Nig via firstname.lastname@example.org or call 08128958572.
Chiamaka Onyebuchi, Social Media Manager, Novus Agro Limited, Nigeria.