Banana Farming Business Plan In Nigeria 2021: If you sure live in Nigeria and I guess you do, you will agree with me that one for the most consumed food commodities in the country is Banana. whether you are in a moving vehicle or on the street you see countless of road side women and girls selling banana. Because of the nutritive value of Banana, it is ranked the fourth most cultivated crop in the world. The nutritive value of Banana has made up for the high demand of the product. So for those who are thinking of venturing into the banana farming business, you are doing the right thing. The truth is that, there are countless of people both women and men who have ventured into this business and today they are raking lots of money from profit. So don’t be afraid of it and be happy rather. “This is a lifetime opportunity”, said my Bishop friend who has a banana farm in Nigeria.
Recently I had a chat with him and asked him to update me on what have changed about the business especially since the covid-19 outbreak, he said, business has remained good despite the odds. Banana farming business is a very lucrative one however like my friend Bishop Kelvin, information is your edge in this business.
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My friend, would always ask; how much information do you know about Banana farming? Have you been into Banana farming before now? Do you know the different varieties of Banana, how can you grow them well and make them sell-able? Another important question again is, what exactly are your marketing methodologies? All of this questions and more needs to be addressed before you can be sure of of being successful in banana farming business. Don’t just jump into the business without doing your proper due research. But that’s what We have already done by providing you with a detailed ba8nana farming business plan.
To get our 2021 Banana farming FEASIBILITY STUDY / BUSINESS PLAN INCLUDING THE FINANCIAL PROJECTIONS, To place an Order Call or Text us on 07017130778, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name: Ogumka Innocent
Account Number: 0153723721
After payment text your name, your e-mail address and bank teller number to 07017130778 and you will get our Banana farming BUSINESS PLAN / FEASIBILITY STUDY PROPOSAL.
Within few minutes, you will receive your own Banana farming Business Plan in Nigeria.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
Varieties Of Banana.
So many people will be wondering why we have to talk about the varieties of Banana; why don’t we just talk about the one that is applicable to the Nigerian soil. Well, you are rightly wrong because, in Nigeria, we different localities with different soil texture for different type of Banana. There are those that will do well in the North and those that will do well in the south. The Knowledge of this sub topic will help you in a great deal in udentifying the variety you want to venture into which will get you focused and that is one of the major things you need in this business.
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1. Apple Banana – This particular variety of Banana is not common here in Nigeria. In southeast Asia, That’s where you get the apple banana. According to expert, the apple banana can grow up to like 13 feet. It has purple, ivory, or yellow flowers. This variety of banana is available in Southeast Asia all year round.
2. Red Banana – juat as the name is, that’s how the banana have reddish-purple color. They can also be referred to as Dacca Banana. The red banana do actually change it’s colour from light pink to cream. A very unique thing about this particular variety, is that it is very much available in every season and this variety of banana are very sweet. They should be among the sweetest.
3. Ladyfinger Banana – These types of banana is mostly seen in mid summer and early fall. They are among the smallest of all types of Banana. Experts says that they are usually smaller than regular bananas however, they are also very sweet.
4. Cavendish Banana – This type of Banana is the most common variety of banana which are usually found in almost every part of the continent. They are curved and elongated. Before they ripen, their color is green and hard. When they are ripe, the color turns yellow and usually not as hard as it used to be.
Banana Farming Business Plan In Nigeria 2021
We have outlined some very important stuffs that are very important before going into the banana farming business. These things are so important because they are responsible for the success of your banana farming business or it’s failure. So let’s look into them.
Land – There are specific climatic conditions that are suitable for the planting of banana which means, when considering banana farming, you must consider the very type of land that is suitable for banana cultivation. Banana tends to do well in region with a about 27 degree Celsius. The soil texture should be moist, and fertile. This is the criteria for optimum production. Well, we have seen farmers that literally don’t pay much attention to the soil texture and at the end of the day, they are asking why the yield is not as much as they have been told. However, if your land texture meets the required degree, there won’t be such issues at all.
Location – You may be wondering how a locality affects banana farming? Yeah, it does and trust me it does. For example, you can’t make much money planting banana in the North like Borno state. It juat won’t work for many factors. Where your land is located has am impact on the banana farming business. Please, you shouldn’t just buy any land out there because the land is cheap. You shoud strategically acquire a land that is located because at the end of the day is about being able to market your business. If your location is not easily accessible then you won’t be making sales at all because those who are suppose to be buying from you will go somewhere else where they they can easily get it. No one wants stress at all. Remember that Banana is a perishable product, which means that it doesn’t last after harvesting. So what you are to do is to get your customers ready before harvest time. The good time about getting a strategic location that can be easily access to start your farm is that your farm produce will be easily sold.
Choose a variety – we have extensively dealt with the variety of Bananas. And this aspect is very important just as we have read above. There are different varieties of banana. Its important that you choose the right one for your banana farming business. If you are not sure of the variety you want to venture into please do well to ask professionals that will help you point the right direction. It is advisable to choose the ones that are resistant to pest and diseases.
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Planting – Planting banana is done using the suckers. That also means unhealthy suckers will produce unhealthy banana will healthy ones will produce healthy banana so be wise. Ensure your purchase healthy suckers. When purchasing suckers, the height should be from 1.6 – 2.1 meters. If the banana suckers are attached to the main plants, do well to detach them off using a cutlass or a shovel.
Management – The banana farm need constant irrigation, weeding. Watering should be done at least a week because the soil has to be moist for optimal yield. Pest control should be done anyhow you deem fit. If you are spraying pesticide the right one should be used.
Harvesting – Banana grows to maturity from 75 – 80 days. Harvesting bananas are so simple. One of the best ways is to simply cut them off using knife or cutlass. After harvesting your banana, it should be started in a cool dry environment. Remember, bananas are perishable goods so its advisable that immediately after harvesting, it should be taken to the market to be sold.
Business Plan – This for me is the most important among them all. So befor you start any business at all, it is very important to get a very detailed and comprehensive business plan. As it were, a good business plan will attract investors however, if you don’t need investors and you are capable of running the business all by yourself, you need a business plan that will serve like a guide. This will broaden your vision and mission and this is where we come in. We have a very detailed and comprehensive banana farming business plan for you. A well written banana farming business plan should contain executive summary, competitive analysis, SWOT, financial projections etc. This information will give you the prerequisite you need. One of the key to your success in this business, is information and this is one of those thing that will stand you out because there are some people that are already making fortune from banana farming and if you want to bevery successful too you need to imbibe all the technique and strategy that have been states here and getting a business plan is part of it.
To get our 2021 Banana farming FEASIBILITY STUDY / BUSINESS PLAN INCLUDING THE FINANCIAL PROJECTIONS, To place an Order Call or Text us on 07017130778, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name: Ogumka Innocent
Account Number: 0153723721
After payment text your name, your e-mail address and bank teller number to 07017130778 and you will get our Banana Farming Business Plan In Nigeria 2021
Within few minutes, you will receive your own Banana farming Business Plan in Nigeria.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
TABLE OF CONTENT
1.0 Executive Summary Keys to Success Products Market Financial Considerations
1.1 Objectives
1.2 Mission
2.0 Company Summary
3.0 Products
4.0 Market Analysis Summary
4.1 Market Segmentation
4.2 Target Market Segment Strategy
4.3 Industry Analysis
4.3.1 Competition and Buying Patterns
5.0 Strategy and Implementation Summary
5.1 Sales Strategy
5.2 Marketing Strategy
5.3 Competitive Edge
6.0 Management Summary
6.1 Personnel Plan
6.2 manpower requirements
6.3 man power budget
7.0 key financial management controls
8.0 Projected financial statements
8.1 Application of funds
8.2 operating and maintenance costs budget
8.3 projected profit on 12months
8.4 income statement projections
Facts and Benefits of Banana Farming
There are some few vital information and benefits of banana that you should consider before venturing into the banana farming business.
1. Over 100 billion of bananas are consumed yearly in the world
2. There are over 1000 varieties of banana species in the world.
3. Banana are composed of about 75 percent water.
4. Banana contain potassium 40 which is a radioactive isotope potassium
5. They are often mistaken for plantain trees
6. They have high weight loss, high fiber, and digestion.
7. They do not grow on trees. They are herbaceous meaning there is no woody stem and they die annually.
8. With its high levels of antioxidants phenolic compounds, they are helpful in preventing kidney cancer.
To get our 2021 Banana farming FEASIBILITY STUDY / BUSINESS PLAN INCLUDING THE FINANCIAL PROJECTIONS, To place an Order Call or Text us on 07017130778, pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name: Ogumka Innocent
Account Number: 0153723721
After payment text your name, your e-mail address and bank teller number to 07017130778 and you will get our Banana farming BUSINESS PLAN / FEASIBILITY STUDY PROPOSAL.
Within few minutes, you will receive your own Banana farming Business Plan in Nigeria.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
Banana Farming Business Plan In Nigeria 2021
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