6 Reasons why Snail Farming is highly profitable in Nigeria

6 Reasons why Snail Farming is highly profitable in Nigeria

Snail farming is one of the very lucrative and great money-making businesses around. What many people fail to realize is that there is no reason to be wallowing in hunger and poverty when there are many money-spinning businesses at everyone’s fingertips – so much profitable businesses to get one’s hands busy in Nigeria. On the other hand, people are recently rushing to farming in Nigeria while ignorantly neglecting this aspect of animal rearing which ironically happens to be the best form of farming that requires little start-up capital and effort but bring great returns of investments.

6 Reasons why Snail Farming is highly profitable in Nigeria

6 Reasons why Snail Farming is highly profitable in Nigeria

Many people still believe that snail can only be hand-picked in the bush during the raining season, not knowing that it could be domesticated, reared and sold – as a full-time, profitable and highly lucrative enterprise. Some have ventured into the business of snail farming in the past but because they didn’t seek proper knowledge, they were unable to make any reasonable profit in the business and so they concluded that the business is not a good one.

 

The experts have noted that snail farming could yield a quick profit if the farmers understood the essentials of modern techniques and focused on the species in high demand in Nigeria. It is very essential to know that snail farming requires less capital and space compared to poultry and pig farming and the management practices involved in snail farming are far simpler. Furthermore, snail farming could be practiced as a secondary occupation because it requires less time to maintain while their feed is cheap and can be locally sourced. The snails’ foods include leaves, tubers, vegetables as well as farm and household wastes. Snail also has a great market all over the country and in the West African sub-region. Domestic snail farming in Nigeria can meet up the family nutritional demands. Commercial snail production can decrease the importation of frozen meat or fish from foreign countries and this can save money and make the economy of Nigeria strong very strong and formidable.

 

Let us look at some of the reasons why snail farming is highly profitable in Nigeria

  1. High demand for snail meat

This is a primary factor in any business – demand. The market opportunity for snail farming in Nigeria is as snails are a huge part of diet for a vat number of people in many parts of Nigeria and Africa at large. If you rear snail in commercial quantity, hotels, and fast-food restaurants, beer palours, pepper soup joints, etc. will be your regular customers. For many years now, snails handpicked from the farm or bush has been the only way to get snails to the market and dinner table. Currently, the demand for snail is higher than the supplies, an indication that the market potential of snail is inexhaustible, locally and internationally. Starting both small- and large-scale snail farming businesses in the only way to fill up the spaces between the demand for snail and its supply in Africa. Lately, with greater consumer awareness of the implications of high cholesterol levels in the blood and the possible association with increased incidence of heart attacks, cardiovascular and other chronic diseases, the demand for snail meat in the local and international market has been growing.

 

  1. Low start-up cost

Starting a snail farming business is relatively cheaper that what is obtains in many other types of livestock farming. In terms of cost and time, snail farming is a low risk business and profitable unlike many other livestock businesses, snail farming requires very little start up and operating costs. Someone can start with N50,000 or even less depending on the size of your farm, capital at hand and your profitability projections.

6 Reasons why Snail Farming is highly profitable in Nigeria

6 Reasons why Snail Farming is highly profitable in Nigeria

 

  1. Low running cost

In the snail farming business, you don’t have to incur debts or break your bank because you want to run a farm. Most of the daily requirements to run a snail farm successfully are things that are graciously produced by nature. Things like the snails’ food for instance, are basically leaves, fruits or herbs that can be locally sourced, things that can be easily found around for free. Another important requirement for the daily running of the snail farm is water. Apart from the snails’ feed which is available for sale at very cheap and affordable rates, many of what can be used to feed your snails are most usually household wastes.

 

Read Also: 6 Importance reasons why you should consider a career in the Tech Industry

 

  1. Snail farming is very easy

Snail farming is very easy and anybody can do it. It requires minimal daily efforts to keep the farm afloat. If you are a lazy person who love to do just very little to get by, and does not really want a hard of difficult life, snail farming might just be an option for you to consider. Depending on the size of your farm and the total numbers of snails that you have to attend to on a daily basis, you may be spending anything between 30 minutes to 2 hours per day on the farm for all the activities that are daily required to keep the farm afloat.

 

  1. Relatively high selling cost

In Nigeria, the prices of raw, matured snails go for between N300 to N700 depending on the size. However, the annual demand for snail in Nigeria is about 7.5million kg annually. The international trade in snails is flourishing in Europe and North America. The United State America imports more than $4million worth of snails annually from all over the world, including Nigeria.

One reason why potential investors and farmers are encouraged to seriously consider snail farming business is because the profitability thereof skyrockets during the dry season. During this period, snail becomes increasingly scarce and the market is starved of constant supply until the next wet season. This makes the supply of snails very seasonal in many parts of world where they serve as food. As a result, snails can fetch much higher prices during the dry season. At this time, farmers make twice as much profit selling their snails because of the demand-supply deficit that is usually experienced during the dry season. When you start your own snail business you should focus on the seasonal feature of this market. Grow the snails using the best feeding and breeding practices and make sure you have enough supply during the dry season. This way, you can sell your product at better prices and earn more.

 

  1. A wide variety of usefulness

Many people eat snails as part of their healthy eating plan because snail meat contains a high amount of protein, iron, calcium, magnesium, vitamin A and it is very low in fat and low in cholesterols. It offers the right amounts of organic compounds the human body needs. Besides being a popular delicacy offered in Nigerian hotels, bars, and restaurants, giant snails are widely used in medicine and cosmetic industry. Snail pie is recommended as a cheap source of protein and iron for school-age children and there a very sharp rise in the use of snail pie among young mothers and those who contribute to the fight against iron deficiency anemia. These other dimensions of usefulness are one of the key factors responsible for its lucrativeness and profitability.

Hope you enjoy this article?

Share your thoughts in the comment session.

Contact us today for your business consultancy and business advisory services. We can help you fine tune your idea, structure your business, market your business, train your staff, consult on your retirement plan, coach you for financial success. We also write business plan and help with fund raising strategies and Grant applications. We can help you start, grow and expand your business.

Call or WhatsApp us now on 081 0563 6015, 080 7635 9735, 08113205312 or send email to dayohub@gmail.com  and we will solve any of your business problem.

 

 

Enter your name and email and get the weekly newsletter.. Joining is FREE!

Dayo Adetiloye Logo

Dayo Adetiloye Business Hub is a grassroot business development service provider with a 6 year of track record of excellent service delivery for local and international clients.

As a leading business development service provider in Nigeria, Dayo Adetiloye Business Hub has been recognized and certified by Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) in Conjunction with Enterprise Development Centre (EDC), Pan-Atlantic University (PAU) of the Lagos Business School (LBS).

Our solutions are designed for MSMEs and are supported by deep insight into various industries and extensive experience acquired from over the years by supporting our clients as partners in their business transformation.

Through our services and business activities, we help individuals/entrepreneurs transform their business ideas into a business venture, and support existing business to scale or expand their operation. We also connect startups and MSMEs with opportunities and resources for their business growth.

We have Consulted for more than 5000 MSMEs in the last 6 years in various industry including Agro-processing, Consulting, Training and Education, Financial Services, Waste Management, Renewable Energy, Oil and Gas, Construction, Real Estate, FMCG, Digital Marketing, Personal Branding etc.

Our Vision:
To become the leading grassroot business Hub that provides Business
Development Services in the global online community

Mission Statement:
– Provide bespoke management and business planning consultancy
– To connect MSMEs with opportunities and resources for their business startup, growth and expansion through trainings, seminars, coaching, consulting, mentoring, and Angel investing.
– To inspire, empower and champion entrepreneurship in the global online community.

Business Goals and Objective

– Engender national prosperity by contributing to the creation of at least 100 new businesses every year
– Become a go-to brand for outstanding business development services for MSMEs
– Strategic partnership with local and international organization to empower start-ups
– Continuous innovation to serve our clients better

Core Values:
Integrity
Opportunity Maximization
Digitalization
Personal Development (Capacity Building)
Excellent Customer Satisfaction
Timeliness

Share this:

GI Vital Soft Gel

Grant Winning Blueprint

How to Turn Yourself into a Live Breathing Cash Machine

Ecommerce Business

Follow me on Facebook

Follow me on Twitter

Share this:

LinkedIn
Facebook
Twitter
Email

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

About Us

Dayoadetiloye.com is a property of Dayo Adetiloye Business Hub committed to connecting entrepreneurs with resources.

We are one stop Business Resource Center where we help you discover, Develop and Fulfil your business potentials.

On this platform, we help you develop business plans and strategies, connect you with funding opportunities and share with your business opportunities.

Facebook Community: https://www.facebook.com/groups/156197005130352/

Twitter: www.twitter.com/dayoadetiloye

Email: Dayohub@gmail.com

Copyright 2023 All rights reserved