A lot of Nigerians have lands in the village or rural areas, and they have no either of what to do with them. You should know that your land is in the village doesn’t mean you should leave it fallow like that or being unproductive. There are profitable things and investments to do with your village land in Nigeria.
In this post, we’ll guide you on these profitable investments and actions you can take on your land to earn passive of active money for yourself. Your land doesn’t have to remain fallow.
Profitable Things and Investments to do with your Village Land in Nigeria
1. Palm Tree Plantation and Cassava Farming
This is the best decision to take when you are trying to earn or make money from your fallow land in a rural or village area. You can plant palm trees, and cultivate casava in-between. This is better than leaving it empty and bushy.
With this, you can earn up to 70,000 naira per plot annually if the trees and Cassava plants are well managed.
2. Coconut Plantation and Cocoyam Farming
For the second option, you can plant coconut trees on the farm alongside cocoyam. This is a profitable business to do with your fallow land in the village. A plot of coconut trees and cocoyam can give you close to 70,000 naira as income annually, if it is well managed.
3. Cow, Goat, and Sheep Rearing
You can also choose to fence the land and turn it into a place for rearing ruminants like cows, goats, and sheep. You employ someone to look after the animals for you, take them out to feed them, and treat them.
With this, your land is earning huge money for you. The income will grow with time as the animals grow and multiply.
4. Palm Oil Processing, Sale, and Storage
You can also turn your empty village land to a palm oil processing, sale, and storage point. You buy palm nuts from around you to process into finished oil and sell it. You can also buy the oil processing machine to help other people in the processing of their own palm oil products.
5. Cassava Processing, and Sale
This is the safest business to do with your land. You establish a cassava processing business with your land. Thus, you buy excess cassava harvest from those around you to produce into different products for sale. Before venturing into this business, though, research and create a market for it.
These are the profitable things and investments to do with your village land in Nigeria. You have to read these options presented to you thoroughly before making a choice. You go with the one that suits your locality, and the one you can make money from.