HOW TO MAKE MILLIONS IN OGBONO BUSINESS IN NIGERIA
Here in this post, we are going to give you a detailed guide on on how to start ogbono business in Nigeria. We hope you find this useful.
You will agree with me that, Nigerians have begun taking agriculture more seriously since the recession. Furthermore, people have started using their farms more than ever, to provide food for their family or for commercial sales.
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Ogbono business is a very lucrative business in the agric industry, however, very unexplored. This article will explain in clear terms, how to start an Ogbono business anywhere in Nigeria.
How to Start Ogbono Business in Nigeria
How to Start Ogbono Business in Nigeria – Photo Source: http://naijalifemagazine.com
Overview
Ogbono business is a juicy business which has the ability to provide a steady income flow. On January 12, 2017, Daily trust Newspaper published that the Federal Government has earmarked 86.5 million naira, to spend for the cultivation of ogbono in Nigeria.
This was done because according to them, USA and Europe’s potential market is great. The fact that even the federal Government have shifted their attention, from their precious crude oil to invest in Ogbono cultivation, it should be enough hint that this business is a hot cake.
Profitability/Opportunities
The Ogbono business is secretly turning young farmers, into millionaires in less than a year. Ogbono is a seasonal cash crop which is mostly used for human consumption.
It is always very expensive when compared with other ingredients that we use to make soup. An ordinary melon can be bought for 150 naira, whereas a cup of ogbono at that same measurement will go for 600 or more, depending on the time of the year.
Ogbono business is highly profitable, since you can sell it at good prices when it’s almost out of season. A bag contains the equivalent of 17 buckets at 45-52kg in weight.
Supposing you buy a bag of Ogbono at 80,000 naira, then get about 17 buckets from that bag. If you sell this bucket each for 9,000 naira, you could be raking in almost 60％ profit, even after all expenses have been made.
How to Start Ogbono Business
Because of the rate of ogbono consumption, especially in the south, there is a fast and high demand for it, thereby making it to be one of the most sort after product.
It is not difficult to start. First identify your target market, the place to purchase them in abundance and in a cheaper amount which can be more accessible to you as well. Then the next thing is for you to start.
Raise Capital
You can start an Ogbono business with any amount. However, if you plan on doing wholesale, you may need between 50-100,000 naira for a starters.
There are agric loans that are easily accessible to farmers nationwide. With the right pitch, you should be able to get a good loan that will help you start up your business comfortably.
You can also get loans from an investor, friends, family or relatives.
Read Also: 18 Steps to cook ogbono soup with Ingredients
Buy or Plant Ogbono
You can source the ogbono seeds at cheap prices, directly from farmers. You get it from experienced farmers so as to obtain a farm gate price.
You can buy from dealers or importers who are big time merchant in the business, and can offer a reasonable price per bag which could be a little more higher, compared to that of farmers, but can still provide good profits.
However, if you decide to plant the Ogbono tree, it is possible, but the process is a little more tedious. So, for time sake and profits, I will advise that you buy from farmers and let them do the planting.
You can buy ogbono seeds from Ebonyi State they usually produce plenty of it. Another place where you can purchase this seed is in Northern Cross River State, the people of Obudu and Ikom are now very serious cultivating ogbono, because of the amount of money they got from the ones they picked from the wild. This gave them the confidence to domesticate ogbono for commercial purposes.
Store Your Ogbono Seeds
You can store your ogbono seed in a warehouse or even your garage. Usually, farmers dry the ogbono seeds before selling to wholesalers.
However, if you purchase the fresh ones, you can leave them to dry under the sun for 2 days. This will remove most of the moisture from the nuts.
That way, your ogbono seeds can last longer (usually six months) without growing mucus.
Read Also: How To Cook Egusi Soup With Okazi Leaves
Harvesting Of Ogbono Seeds
In case you decide to go source your ogbono seeds directly from the tree, the process is quite tedious but very simple,once you get the hang of it.
Ogbono falls by themselves from the tree when they become ripe. They can then be eaten, or left to decay so as to get the nuts.
Then the Pods are broken with a stone or hard object, when they are dried and the seed removed from the inside. Ogbono has three major harvesting periods in West Africa.
In Nigeria, it is from September, in Ivory Coast it is usually from January while Cameroon is from March. A business person can take advantage of this difference in harvesting seasons, to buy from different countries at any time of the year, and sell Ogbono all year round to customers.
Market Your Product
You can make use of social media, or online commercial sites such as JiJi, Jumia or Konga. You can also go directly to your local market, and let them know about your business.
You can approach market women and tell them about your business, give them a discount price compared to the normal price and they will be very glad to purchase from you.
Ensure that you supply quality ogbono, and maintain quick and efficient supplies so as to retain customers. Other places you can supply to are restaurants, hotels, shopping malls and supermarkets that sell foodstuffs or fast foods. Dealers can even help you to sell them or buy back from you and sell during scarcity.
Conclusion
Always clean your Ogbono by removing dusts and dirt.
Store them in a good dry place with good storage equipment.
Do not store your Ogbono bags, where water, insects or pest will be able to reach them or feed on them.
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