How to make millions from Garlic Export Business in Nigeria – Many are millionaires already. In fact, Daily Trust newspapers on 10th February, 2018, gave a report titled “Garlic now goldmine for Sokoto farmers”. The real meaning of this is that farmers are making millions from garlic farming, while middlemen/dealers and more importantly exporters make their millions out of garlic business.
Would you like to join them?
Table of Contents
How to make millions from Garlic Export Business in Nigeria is what this post is all about. I would want us to reason together as to how Complete Full Marks Consultants Limited could help you key into this business either locally or internationally. We shall come back to this, but let’s show you what you need to know about garlic business, may be it will help you make up your mind.
How to make millions from Garlic Export Business in Nigeria. To get into this business either as an exporter, farmer rep, wholesaler, trader/agent, you need to know about garlic price in Nigeria, garlic sellers in Nigeria, garlic market in Nigeria, how exporting garlic from Nigeria, garlic producing states in Nigeria, and garlic planting time in Nigeria. If you are interested, these are some of the information we will be supplying you, coach you and put you on a smooth pedestal in this business.
How to make millions from Garlic Export Business in Nigeria
What is Garlic?
As a matter of fact, Garlic belongs to the Allium family of vegetables. This is the family of onions, chives, shallots and leeks. It’s one of the most valuable and versatile foods on the planet today. Garlic is widely recognized today as one of health enhancing supplement. Then, check out how to make millions from Garlic Export Business in Nigeria
Garlic promotes the well-being of the heart and immune systems. This is because it contains antioxidant properties and helps maintain healthy blood circulation by its ability to enhance the body’s immune cell activity.
How to make millions from Garlic Export Business in Nigeria
Where can we get Garlic in commercial quantity?
Garlic is grown commercially in FADAMA regions of Northern Nigeria such as Kano, Kaduna, Kebbi, Sokoto, Jigawa, Bauchi, Katsina and Zamfara States.
Consequently, the national production statistics for garlic production is about 150, 000 metric tonnes with Sokoto State producing over 30% of the entire value.
Garlic is planted around September of every year and harvested around February. Garlic can be stored in good conditions for at least 12 calendar months without being damaged.
The economic importance of garlic is various.
- It is used as food flavour/spice.
- It’s also used as a medicine to prevent or treat various types of diseases.
- It is now a Cash crop. One that earns huge foreign exchange.
- Garlic is a pharmaceutical raw material. It is used to produce supplements which have enteric coatings.
How to make millions from Garlic Export Business in Nigeria
THE MARKET:
How to make millions from Garlic Export Business in Nigeria. There are two market here. One is local market and the other is the international market. Every exporter has these two markets to watch. They are not separable, as what happens in one affects the other so quickly. Just look at it, what do you think will happened in the local market when international demand increases by 40%.
Local Markrt:
The local market is a flourishing one. This market majorly exist at the place of farming. Therefore, there are large and good market for garlic in Kano, Kaduna, Kebbi, Sokoto, Jigawa, Bauchi, Katsina and Zamfara States. In the report of Daily Trust newspapers on 10th February, 2018, titled “Garlic now goldmine for Sokoto farmers” farmers explain how this produce is produced and marketed locally. Their customers come from Abuja, Lagos, Borno, Adamawa, Kwara, Plateau, Katsina and Yobe states, who come to make bulk purchases.
More importantly, they gave a report on how garlic is being transported to other neighbouring countries like Cotonou, Benin Republic in large quantities weekly. But what these merchants did not connect in this their report is that this particular produce could find its way from cotonou to USA, Indonesia, France, Germany, who are the major global users of this commodity. Now, find out how to make millions from Garlic Export Business in Nigeria
Now, the summary of this story here is that there are local markets for this produce. If you become a wholesaler, middleman, a broker merchant, you will still make your millions from it. Since this produce is storable for a least a year, it means, it’s an all year rounder. Any good business man can manipulate the supply of this produce to maximise his/her gains just by simple storage system only.
How to make millions from Garlic Export Business in Nigeria
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INTERNATIONL MARKET
This is the second leg of the business chain that the exporter has to watch. The issues here are, the exchange rate, market price, market location, that is, those countries that buy it and so on. Others may be local and international laws like the customs duties, transportation, handling, insurance, brokers, clearing agents etc.
My dear, these facts enumerated here shows how we will chase them for you and make sure you do your business seamlessly. Complete Full Marks Consultants Limited promises you this.
Now, to the international market facts. USA is said to be the world’s largest import market of fresh garlic. USA is followed by other countries such as Indonesia, France, Germany, Australia and Brazil.
How to make millions from Garlic Export Business in Nigeria
Garlic Export Business Viability Analysis
Assumptions:
- A bag of garlic is 50kg
- 1 metric ton is 1,000kg
- A bag of garlic is sold N13,000 at harvest time, and N20,000 off harvest time.
- 600 bags for a trailer load.
- International price varies from destination
- Some for N260,000 to N310,000 per metric ton
- Others from $1200 to $1,500.00
- Exchange rate used is N310.00/$
Business man which scenario do you want me to pick.
How to make millions from Garlic Export Business in Nigeria
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Turnover Calculations:
Buying Garlic: 20 bags for a ton @ N13,000 to give N260,000
Sell Garlic : 20 bags for a ton for $1200.00 x 310 to give N372,000
This is N112,000 per ton, which is 30.10% gross margin. That’s a good business, isn’t it?
I promise you that this is what we will always be doing with you. Market and marketing analysis to ensure you become a millionaire exporter very soon.
How to make millions from Garlic Export Business in Nigeria
Now Let’s Talk:
How to make millions from Garlic Export Business in Nigeria. We need to talk about all of these. That is about your export business information, start-up processes or regular informtion needs.You need good and well articulated business information to do your business well, maximise your output and profitability and still stay on in peace without court cases, and or other financial losses or physical damages.
Complete Full Marks Consultants Limited is a firm of chartered accountants, auditors, taxation and management consultants, that is ready to source and give you every business information of your need at minimal cost.
How to Meet your Business Information Need. Contact us on +234 8034347851 or at [email protected].
Thanks. Please do good business with good, complete and full information from Complete Full Marks Consultants (CFMC) limited, the owners of this website. Export information is here
Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.
