3. Piggery
Another business to watch in 2017 is piggery. Experts believe Nigerians are not tapping into the opportunity in this area because of ignorance and poor perception about pigs.
Apart from a breeding ground, which should be large enough, it is easy to start a piggery with N500,000 to N1 million. To start a piggery, you need healthy piglets, standard pens, quality feed and three to six workers, depending on the number of piglets available.
The biggest thing about pigs is that they reproduce in large numbers. Pigs can go between N15,000 and N40,000 depending on their size and weight, and one pig can easily reproduce up to 15 to 20 piglets. This is its biggest advantage. Secondly, pigs can survive in any environment.
Pigs are in high demand in China, Japan, India, Mexico, Canada and many parts of Asia. In 2015, United States exported pork (pig meat) worth $4 billion; Germany $4 billion; Spain $3 billion, among others.
Discussion about this post