Investing in Nigeria: 5 Nigerian agricultural companies you should invest in now!
Agriculture has long been considered the backbone of the Nigerian economy. It is even said that agriculture is the first industry in Nigeria because Agriculture has the largest number of people working within it. As an entrepreneur, you will be interested in knowing the most profitable agricultural business operating in Nigeria, giving you maximum return on investment (ROI). As the population of Nigeria continues to increase, the demand for agricultural products will continue to increase, some of the most profitable crops that Nigerians currently consume include sugar, rice, cassava, and wheat, mostly consumed in millions of metric tonnes and mostly imported. The revolution Nigerian agriculture needs to turn from a net importer of agricultural produce to an exporter of this product has started. You’re probably thinking, “Are you nuts?
Don’t you know Nigeria is in an economic recession and the Naira-to-dollar exchange rate is lower than ever? Is agriculture a good investment in Nigeria?” Believe me, I know. And this makes me want to invest more in agriculture here in Nigeria. You see, compared to foreign currency forex trading, investments in Nigeria’s agricultural sector are relatively cheap. And all 5 of the Nigerian companies I’m about to show you are great investment opportunities in Nigeria because they have captured the spirit of the uniqueness and vastness of this great nation.
In conclusion, whether you’re investing for growth, income, or wealth, from looking at the five agricultural companies mentioned in this article, it is quite obvious that they provide a lot of value to investors and shareholders, whatever their risk tolerance is. These companies have remained are the movers and shakers of the agricultural industry in Nigeria, and they continue to offer products that genuinely promote more growth and development. They also do not trade at high valuations. Investors who buy into these stocks now stand a good chance of making huge returns as food is a must and as our population continues to grow. As always, make sure you have a good understanding of what you are buying before you make any investment decisions.
The best part is that it is so easy to buy these stocks at a click of a button. Chaka, Bamboo, Trove, and Rise are some of the best online investment platforms you can use to buy these agricultural companies making huge strides in Nigeria.