Moringa Farming Business Plan in Nigeria

Even though moringa farming began in India, it has since spread to different parts of the world, Nigeria inclusive. Over the last decade, a lot of research has gone into the benefits of consuming moringa and how to cultivate it. Studies have shown that Nigeria can generate up to N500 billion in a year from this crop alone. Seeing that every part of this tree is useful, it has been nicknamed “the drumstick of life.”

Also Read: Poultry Farming Business Plan in Nigeria

Moringa is one product that cuts across age and race. Beyond being used as a remedy for several diseases, this plant has biodiesel properties. According to research, it is even better than Jatropha which is one of the top biodiesel plants in the world. Many farmers have risen from the dunghill to becoming millionaires by investing in moringa farming business. There is a huge market both locally and internationally so you can rest assured that this business is very lucrative.

In this post, we will take a look at a sample business plan for starting a moringa farming business in Nigeria. We will also show you how to start your moringa farm and expect quick yield in Nigeria.

Sample Moringa Farming Business Plan

Please note that this is just a sample and as a result, we will only provide excerpts of a regular business plan. To get more details about this plan or to get a customized plan, you can contact us using the details at the end of the write up.

Company Overview/Description

MXR Farms focuses basically on moringa production both for the local and international markets. At our farm, we cultivate, process, and preserve moringa seeds, leaves, barks, and oil for sale. As you know, there are two species of moringa which are Moringa stenopetala and Moringa oleifera. We cultivate both on our farm.

Our farm is located on an arable piece of land covering about 35 hectares. Our current capacity allows us to produce up to 7,000 tons of this seed each year. We are already working on expanding to 10,000 tons which will require another 15 hectares of land. Our processes are in line with the dictates of NAFDAC and SON.

Company vision

We intend to develop an operational system that will be sustainable enough for our farm to be recognized as one of the best in Moringa production on the continent in 5 years.

Company mission

Supply the best quality of moringa money can buy within the shores of Nigeria.
Along with the best moringa products, we seek to provide efficient customer service to meet the needs of our customers. This will help us earn their loyalty and trust while ensuring unhindered business transactions.
Finally, ensuring that our products are priced reasonably on the market so that we can gain a competitive advantage.

Business objectives

To attain sustainable profitability within the first 5 years of existence.
Maintaining a profit margin that ranges between 18% and 25%. To do this, we will focus on the relation between the cost of production and related expenses.
Empowering staff and ensuring that they are offered competitive packages in relation to other moringa farms in the Nigerian industry. This will earn us their trust and loyalty and ultimately contribute to the success of MXR Farms.
Attain break-even latest by the third year of operation.
Distributing a minimum of 7,000 tons within the first two years of the business locally and internationally.

Keys to success

Strict financial strategies.
Efficient processing techniques at low operating costs.
Providing optimum satisfaction to all customers.
Ensuring great working conditions at all our facilities along with competitive remuneration for our staff.
Top-notch customer service.

Product description

As stated earlier MXR Farms will focus on moringa products to sell disease-free, quality products to her customers. In addition to this, the moringa leaves will be processed into dried powder for consumption by humans and animals. Other products include:

Oil for human use.
Press cake for animal fodder.
Moringa tea.
Bio-fuel
Fresh products packaged in different volumes.

Market overview

It is no secret that moringa is among the fastest-growing cash crops in the world today with Africa as the leading producer. Products derived from moringa are in very high demand all over the world because of its amazing benefits. Over the last decade, the price of the moringa has increased steadily at 50% per year.

This consistent price increase is a result of constant research into the usefulness and benefits of this crop. Currently, the moringa industry in Nigeria is untapped with only a few farmers investing in this crop. The demand for this crop and its by-products makes it clear that it is one of the most lucrative ventures to invest in currently.

Financial Projections

MXR Farms is currently seeking up N3 million as long-term financial aid to cover its start-up costs, construction expenses, equipment, and working capital. This funding is expected to be acquired from investors and partners through equity.

By the tenth month of operation, we should have reached a positive cash flow giving that all loans have been duly paid. Following this, revenues should reach N10,150,000 and profits N2,690,765 by the end of the first year.

To get a complete sample Moringa farming business plan in Nigeria, pay N20,000 to:

Bank Name: Guaranty Trust Bank (GTB)

Account Name: Chibuzor Tochi Onyemenam

Account Number: 0044056891

After payment, send your full name, email address and topic (e.g. moringa plantation business plan pdf ) to 07033378184. Your business plan will be sent to your email within 15 minutes.

How to start a moringa farming business in Nigeria

Before you step out to begin your business, there are several things you must do first. We have created a list below to help you out.

Feasibility study and business plan

Both terms are not the same, even though many people confuse them. You must get both before you start your moringa business. These will guarantee you success to a considerable level. Studies show that 60% of businesses fail in the first year of operation in Nigeria.

Furthermore, most of these businesses fail because they never had a business plan or conducted a feasibility study. It is always best to seek the services of a professional to help you out in this regard. You can reach out to us to help you out with this project.

Land acquisition and preparation

The land is the chief resource for your moringa farm to thrive. After all, you cannot cultivate without land. The best type of land for moringa farming is sandy-loam that is rich in organic matter. You should also ensure that the pH is around 6.0 and 7.0 to ensure the healthy growth of the crops.

For commercial production, it is advisable to prepare the soil using mechanical methods. If there is a need for manure or fertilizer addition, find out the appropriate amount and types needed.

Planting

We advise that you first plant your seeds and raise them in a nursery before transferring them to the farm. Allow the plants to grow to about 70cm to 80cm before transplanting them. Follow the instructions for transplanting provided by agricultural science for the best yield.

Irrigation

Moringa doesn’t need excess water to grow well. However, water is important for inducing flowering and fruiting. Develop a system where you apply water to the crop at least once every two weeks. This should only be done in the dry season as rainwater is sufficient for them in the rainy season. After the first two months of transplanting stop irrigating. The best form of irrigation for moringa is drip irrigation.

Pruning

After the first year, the trees should have grown to about 3 feet tall. Leave only between 4 and 5 branches on each tree. The more efficient you are with pruning, the more yield you will have.

Harvesting

Knives and sickles are used to harvest moringa manually. It is best to harvest the pods before they pop open. Make sure the pods are dry before you harvest them because if they are harvested green, they will decay.

You can harvest the leaves by plucking the branches and taking off the leaves from the branches. After this, dry the leaves then grind them into powder or pass them through whatever process you desire.

Market your products

The demand for moringa products is very high all over the world. You will be caught between selling to the local market and the international market. It is a matter of choice but exports will always pay better. Use different methods to locate your market and find the best ways to package for them.

Uses of Moringa

In case you are wondering why you should invest in moringa farming, here are a few uses of moringa.

Increases sperm production in men and induces milk production in females.
The oil is a great remedy for aging as it adds a natural glow to the skin. It also moisturizes the scalp and cures wounds.
Cures insomnia.
Purifies water.
Possesses several medicinal properties.

Conclusion

So far, we have shown you details about the moringa farming business in Nigeria. Writing a business plan for this business is very important to your success.

Hurry now and get your Moringa business plan in Nigeria. To place order, pay N20,000 to