Benue State is acclaimed as the nation’s “food basket” because of its rich and diverse agricultural produce. The state is blessed with fertile soil that produces a wide range ofvegetables, fruits and pasture for livestock.
The state also accounts for over 70 per cent of the nation’s Soya bean production.
Investors who target these areas will find a willing and very attentive listener in the state government.
In sum, Benue is an investor-friendly state, and more efforts are being made by the state government to make investors feel even more welcome.
4 Agrobusiness Investment Opportunities in Benue State
1. Yam and Cassava Farming Business
Benue state has one of the most fertile farm lands in Nigeria that is most suitable for the cultivation of yam and cassava. Yam and cassava are generally consumed in most homes in Nigeria hence it is a very lucrative farming business to start in Benue state. One good thing about farm land in Benue state is that they are very cheap to buy or lease and little effort is needed to prepare the land for the purpose you would want to use it for.
2. Food Processing Business
If you are looking for a futuristic business to setup in Benue state, then you should consider starting your own food processing business. One thing about setting up a food processing business in Benue state is that it is cost effective because of the availability of large quantities of raw materials and cheap labor. So, if you have the financial capacity to setup a food processing and packaging plant, then you should look towards establishing the business in any of the major cities in Benue start.
3. Sale and Service of Agriculture Tools and Machines
Another futuristic business that an investor can start in Benue state is the sale and servicing of agricultural tools and machines. Although most farmers in Benue state have not embraced mechanizing farming, but they are sure going to adopt it in the nearest future because that is just the way to go if they want to increase their productivity on a geometric rate. So as a smart businessman, you should quickly position your sale and servicing of agriculture tools and machine business in Benue state. This type of business has a bright future in Benue state.
4. Fishing Business
Fishing business is another viable business that an entrepreneur can setup in Benue state, besides going to River Benue to fish; you can as well setup a shop where tools used for fishing are sold. The location you choose to set up this type of shop will go a long way to determine the success of the business; ensure that you choose a location that is close to River Benue.