You cannot copy content of this page

Agricultural Commodities Supply Business Opportunities in Nigeria

Introduction

The high cost of sourcing foreign exchange for raw materials importation currently being experienced by manufacturers in Nigeria have created a fast money making opportunities for indigenous producers and supplies of agricultural commodities in the country.

Many beverages, fruit juice, animal feeds, soaps and detergents production companies in Nigeria now make use of

agricultural commodities as local substitutes for imported raw materials.

Some of the agricultural commodities being used as industrial raw materials country includes maize, yellow sorghum, cocoa powder, soybean and palm kernel oil (PKO) etc.

Demand

The supply of agricultural raw materials to manufacturing companies in Nigeria has indeed become a profitable business opportunity that has made many suppliers millionaires.

Steps To Start Agricultural Commodities supply business

Just pay a visit to the premises of major manufacturing companies like Guinness, Nigeria breweries, Dangote group, Cad bury, Nestle and Unilever etc, there you will see a lot of suppliers on daily basis bring in trailer/truck loads of locally produced agricultural commodities that is worth millions of Naira. And on the average, each of the registered supplier can be given contract to supply at least Five or more truck loads of agricultural commodities per month and of which he his sure to receive payment when supplies are completed.

Commodities Supply Business Start up Requirement


To start getting agricultural raw materials supply contracts from manufacturing companies in Nigeria you will need to fulfill the following requirements.


TYPE A LETTER INTRODUCING your supply business and send to the admin department of manufacturing company for consideration and approval.


COMPANY REGISTRATION. Attached to the letter of introduction is photocopy of certificate of company registrations because you will be asked to provide it. So, make you have duly registered your supply business with the corporate affairs commission of Nigeria (CAC). A limited liability company is preferable.


REGISTRATION FEES. Pay the required registration that will qualify to be a recognized supplier in the company. Some company may require that you pay some certain amount of money as part of the registration requirement before they can allow you to supply raw materials to their company, so take note this.


OPEN A BUSINESS ACCOUNT. Also you need to open a bank account in any commercial bank in Nigeria for your business, to enable you receive payment for work done in bank cheques. This account is usually a current account.

SOURCES OF RAW MATERIALS. To make enough profit from your supply business, you must be able to find out places in Nigeria where you can easily source for quality and cheap agricultural commodities. And this you can do by having direct contact with farmers in the villages and major commodity markets around the country. But, to be specific, maize, yellow sorghum and soybean can found in abundance especially in states in the North while Cocoa powder and palm kernel oil (PKO) can sourced easily in states in the south-west, South-East and the in south-south region of Nigeria.


Further more, to ensure you get regular contracts in these companies please do the following.
Ensure you supply quality agricultural commodities and don’t cut corners.
Always try to meet up supply deadline and be nice to every one working in that companies you do supply with, from the gate men, cleaners and up to managers. They hold the key to the success of your supply business so, watch out.

Conclusion


There is blessing in sharing so, if this article make any sense to you please, feel free and share it with friends on facebook and twitter using the share it buttons above.
I wish you the best of luck in all your endeavors in life.
Ojo.

(Visited 37 times, 9 visits today)

7 Responses to Agricultural Commodities Supply Business Opportunities in Nigeria

  1. Tega Ahre says:

    This is so nice, thank you for sharing

  2. chichi says:

    Ojo, may your days be long…

  3. I do supply soya bean to a particular company and want to expand the business. I need a company I can supply such as cashew nut cassava palmkanne maize beneseed. I know where to get them sheep.

  4. Kunle Akinola says:

    I just incorporated my company as a LLC in which we market agro products mainly maize and soybeans. Unfortunately, we are yet to obtain any supply contracts. Is there any way in which you could link me up with manufacturers so that I can send my proposal to them as well for consideration.

    Thanks for your time.

  5. Solomon Okoh says:

    I have a registered company which is into agro allied products supply situated in Lagos but needs a link with most companies that required these products for their productions. Thanks for your assistance.

  6. Samuel Charles says:

    Gud day sir, am d secretary of maize association Rivers state chapter. we produce maize in large scale. we want to supply ur company.

  7. Orluchukwu Godwin says:

    I have the following agricultural products in commercial quantity: soyabeans, sorgum{guinea corn)maize,rice,garlic,dried cassava,ginger and dry pepper

Leave a Reply

Your email address will not be published. Required fields are marked *