business plan for foodstuff business in nigeria

How to Start Foodstuff Business in Nigeria (Earn ₦3m Monthly)

Are you interested in the cost to start foodstuff business in Nigeria, list of food stuff to sell, raw foodstuff business plan, and how to package food stuff for sale?

If YES, this is the only article to read today.

Getting started…

Foodstuff Business in Nigeria

The foodstuff business is one of the older businesses in Nigeria.

It is the raw food business in Nigeria whereby you sell the products used in making food, such as rice, beverages, semo, garri, beans, and so on.

This business has turned average-class citizens into people with millions of naira in a short amount of time.

For people who know how to manage their businesses, selling foodstuff is a very lucrative business and can gradually turn big from just a small amount of capital.

It is a promising source of daily earnings, as we all need food for our daily lives.

Thus, it is sure that some amount of money will be made daily as a foodstuff seller in Nigeria, irrespective of your area and environment.

You need preparatory knowledge and a thorough understanding of the business before beginning it.

Cost of Starting a Foodstuff Business in Nigeria

In how to start a foodstuff business in Nigeria, the first requirement is a good start-up capital.

The bigger your capital is, the higher your earnings.

If you have higher start-up capital, you’ll be very much celebrated in the raw food business industry.

In Nigeria, you can start a foodstuff business with ₦100k to ₦2m.

Remember, your amount of capital will specify your profit margin.

How Profitable is Foodstuff Business in Nigeria?

Before beginning a business, it is important you know how lucrative it is and whether the profit margin of that business is reasonable for you or not.

The foodstuff business is profitable in Nigeria.

Your business technique plays a tremendous role in the business’s growth.

From the location of the business to the products you sell, there are a lot of things that specify how profitable your foodstuff business will be in Nigeria.

If you want to know the foodstuff business profit margin in Nigeria, I have an answer for you.

If you are just beginning the business, observe a profit margin of 20% to 70% and then, as your business grows, expect a spike in profit.

List of the Best Foodstuff Business Ideas in Nigeria

It is quite important that you know what type of business it is you are going into and what type of products you are about to sell.

Here is the list of the best foodstuff business ideas to sell in Nigeria:

Canned pepper
Guinea corn
Pasta and other edible foodstuff
Red oil and vegetable oil

How to do Foodstuff Business in Nigeria

Here are the steps to starting a profitable foodstuff business in Nigeria:

1. Market Research

The first step you have to take in beginning a foodstuff business in Nigeria is to carry out market research.

This will assist you in having a basic and in-depth knowledge of how the foodstuff business works.

In the foodstuff food industry or market, your statistical survey might begin with the top-rated kind of food item in your area, the cost amount, and the season to do except additional deals, as well as the factors that influence the business, its legitimacy and faults, besides the rules and regulations of foodstuff food business, particularly in your area.

This way, you can move toward some little food item and arrangement stores, construct a little business compatibility, and make a few discoveries.

2. Go with the Best Method

Your business approach might mean a lot of things in Nigeria; no matter what its importance is to you, everything vigorously relies upon cash.

Depending on your capital, you should know the best method for your business and how to go about it.

You can’t compare a business that began with ₦2m with one that began with ₦100k.

In this way, on the off chance that you’re beginning a moderately low financial plan, you would need to restrict yourself to a particular sort of market.

For instance, you would need to stay with fewer foodstuff types, foodstuff like Noodles, Garri, Eggs, Semo, Rice, and Beans are awesome, to begin with, then you can scale as you make more deals and have requests for different foodstuff.

With a greater beginning up capital, there is no restriction to the sort of foodstuff you can begin selling, as long as your cash can take care of the expense.

Although focusing on just the quick ones is great.

3. Get a Decent Location for your Business

Like different organizations, the area where you sell your foodstuff is a critical factor to consider for the outcome of your business.

As a foodstuff merchant, the ideal spot for your business if you need speedy and simple deals is a market square.

You can likewise track down a space in understudies’ areas and in your road.

You can’t arrange your business on the interstate side of the road and expect many deals.

Remember that the main variable to observe while searching for a decent area for your business is security.

Ensure you take as much time as is needed to search for a spot with low lawbreaker records and a spot where there are no punks.

4. Find Adequate Suppliers of Foodstuff

Before getting a decent area for your business, the first thing is to find a decent foodstuff provider whom you can purchase foodstuff from in mass and at the least expensive discount cost to make the most gains.

There are many foodstuff providers across each state in Nigeria, getting one shouldn’t take a lot of time.

Contact various foodstuff providers out there, take as much time as is needed to look at their costs and administrations, and afterward pick a limit of two of the best ones, to begin with.

5. Set up a Business Shop

When you get the best providers, set up a shop and make it look appealing by showing the items you sell.

You’ll need three or four tables outside your shop to showcase what you offer to stand out.

Ensure you account for things completely so that it will be simpler for yourself and your clients to find items rapidly.

Likewise, add a little branding and packaging to your shop to make it stick out.

An example is adding a name to your foodstuff shop.

6. Begin Selling your Foodstuff

Now that your shop is all around set up, what is left currently is to fill it with stock and begin selling.

As of now, you’ll have to inform individuals around you about your business.

This might be your companions, family, and even neighbors, and you can begin driving deals gradually until you become more well-known.

Remember that you should be polite with clients while in a staples business and consistently attempt to offer the ideal costs, particularly while you’re still just beginning.

How to Arrange Food Stuff Shop

To arrange a foodstuff shop in Nigeria, follow these steps:

1. Consider the Location

The location of your shop is very important.

Choose a place that is easily accessible to your target customers.

2. Plan your Layout

Plan your layout before you stock your shop.

This will help you make the most efficient use of space and ensure that your customers can easily find what they are looking for.

3. Group Similar Items Together

This will make it easier for your customers to find what they are looking for and will also help you keep your shop organized.

For example, group all the grains together, all the vegetables together, and so on.

4. Use Shelves and Racks

Shelves and racks are a great way to display your products and keep them organized.

Label your shelves and racks so that your customers know where to find what they are looking for.

5. Use Signage

Signage is a great way to direct customers to the products they are looking for.

Make sure your signage is clear and easy to read.

6. Keep Your Shop Clean

A clean shop will make a good impression on your customers and will also help to prevent food spoilage.

7. Rotate Your Stock

Rotate your stock regularly so that you are always selling fresh products.

8. Keep Your Prices Competitive

Ensure that your prices are competitive in order to attract customers.

9. Provide Good Customer Service

This is essential for any business, but it is especially important for a foodstuff shop.

Make sure your customers are happy with the service they receive.

10. Consider the Climate

Nigeria has a tropical climate, so make sure that your shop is well-ventilated and that your products are stored in a cool, dry place.

11. Use Local Products

This will help you keep your costs down and to support local businesses.

12. Target Your Market

Who are your target customers?

Once you know who you are selling to, you can tailor your shop to their needs.

13. Get Creative With Your Marketing

There are many ways to market your foodstuff shop.

You can use traditional marketing methods, such as flyers and posters, or you can use more modern methods, such as social media.

Get a good supplier. This is essential for ensuring that you have fresh quality products.

There are many foodstuff shops in Nigeria, make sure that you are offering something that is unique or better than what the competition is offering.

Be patient. It takes time to build a successful business.

Don’t expect to become a millionaire overnight.

How to Start Foodstuff Business in Nigeria Successfully

Being successful in the foodstuff market is harder than beginning the business.

This is because there are lots of contests, particularly assuming that your shop is in a market square or a very populated region like a school or a car park.

With a decent business procedure, you could beat your rivals.

Go with an ideal area in your environment. This includes searching for where there are little to no contenders, yet very populated.
Make your items stand out by offering ideal deals and the best costs.
Team up with other similar foodstuff merchants to figure out more about their business systems, including evaluating and promoting strategies.
Make brand and business mindful by marking your shop and making it well known by its name.
Ensure you are working with the best providers that deal with mass products and perhaps give our foodstuff on credits.
Reinvest your profits into the business. If you make a 30% gain in the first month, rather than wasting it on pointless costs, why not use it to extend your business?

With the everyday increase in demand for foodstuff in Nigeria, beginning a business where you sell various kinds of foodstuff is without a doubt a decent business you can do anyplace in Nigeria.

After reading this guide, you have now known a lot about how to start a foodstuff business in Nigeria.

The list of foodstuffs to sell, how to begin a food item business in Nigeria, as well as the tips to make your foodstuff business a success.

We hope you find this article useful.

Thanks for reading!

READ ⇒ How to Start Provision Store in Nigeria (Cost + Items Price List)

Saint Chinedu

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Please Sir /Maa, God bless you.sorry good morning! I was a maruwa driver for many years until this year (may 2023) when sickness stop me in fact I nearly lost my life. I can’t continue the work. I have experience on foodstuffs business,it my family business until covid-19 lukdown, when I lost both the money and food stuff to continue, Sir where/how can I get capital to restart my foodstuffs marketing again? I know from experience that it is a good business because every ‘night’ people must eat.

Good to join your business.

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How To Start Foodstuff Business In Nigeria (Earn ₦1m Monthly)

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Thinking about diving into the foodstuff business in Nigeria? Great choice!

It’s a rewarding venture, especially if you’re passionate about food and entrepreneurship.

With over 200 million people, the demand for food is not just constant but steadily growing. Yet, let’s be real – starting a foodstuff business here can be a bit tricky, especially for newcomers.

There are a lot of lucrative business ideas in Nigeria and the foodstuff business in Nigeria is one of them.

As someone who’s been in the game for over eight years, I’ve got your back.

So, buckle up for some seasoned advice from a fellow entrepreneur in Nigeria.

Understanding the Nigerian Foodstuff Market

Nigeria’s big food market, serving over 200 million people, is a lively industry.

This summary talks about important things to think about when starting a foodstuff business in Nigeria.

Before jumping in, it’s super important to do some research.

This means figuring out what people want to eat in different places, checking out the competition, and finding gaps in the market.

Doing things like asking questions, looking online, and checking out local stores helps to know what people like to buy.

All this information is like a treasure map, helping business owners make smart choices for a successful food business in Nigeria.

List of foodstuffs to sell in Nigeria

These are some of the most profitable foodstuffs to sell in Nigeria:

Guinea corn
Vegetable Oil

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How to Start Foodstuff Business in Nigeria (2024)

Regional Preferences and Trends

Nigeria has many cultures and traditions, and that means people like different foods in different places.

In the north, they enjoy grains like millet and sorghum, while in the south, cassava and yam are popular.

Knowing what people like in each region is crucial when deciding what to sell. Also, it’s important to keep an eye on food trends in Nigeria.

Right now, many folks want beans and garri. By keeping up with these trends, you can offer what people want and be ahead in the food business.

Understanding local tastes and staying updated helps you meet customers’ changing needs and beat the competition.

Business Planning

Developing a business plan.

Developing a business plan is the first step to making a successful foodstuff business in Nigeria; you need a plan.

A business plan is like a special paper that tells everyone about your business goals, how you’ll do things, and how much money you think you’ll make.

Also, a good plan helps you understand your idea, find problems you might face, and make a map for success.

For your food business plan, start by studying the market. That means learning about the people who might buy your food and the others who sell similar things.

Also, figure out what makes your food special and plan to tell everyone about it.

Financial Planning and Budgeting

Financial planning and budgeting are critical components of starting a foodstuff business in Nigeria.

You need to determine the startup costs, operating expenses, and revenue projections for your business.

This will help you determine the amount of capital you need to start and run your business.

To create a financial plan for your foodstuff business, you should start by estimating your startup costs, including the cost of

Inventory
Marketing.

You should also project your operating expenses, such as rent, utilities, and salaries.

Finally, you should estimate your revenue projections based on your sales forecast.

It is important to create a realistic budget and financial plan for your foodstuff business.

This will help you manage your cash flow and avoid running out of money.

You should also consider seeking the advice of a financial professional to help you create a solid financial plan for your business.

Registration and Legal Requirements

Business registration.

To start a foodstuff business in Nigeria, you need to register with the Corporate Affairs Commission ( CAC ).

They’re like the boss of business registration there. First, you register your business name, get a Tax Identification Number (TIN), and sign up for Value Added Tax (VAT) with the Federal Inland Revenue Service (FIRS).

Also, don’t forget the permits and licenses – you’ll need them from places like NAFDAC and SON.

It’s like making sure you have all the right permissions to run your cool food business.

So, remember: CAC, TIN, VAT, and all the permits – then you’re good to go!

Food Safety and Health Regulations

To run a successful foodstuff business in Nigeria, following food safety rules is super important.

NAFDAC and SON have these rules covering making, packing, and sending out food.

Business owners need to ensure their food is safe and meets quality standards.

They also have to follow NAFDAC’s labelling rules, which include putting the name, ingredients, and when it was made on the product.

Plus, their workplace needs to be clean, in good shape, and bug-free.

Starting a foodstuff business means following many rules and getting the right permits to ensure everything is safe and legal.

Location and Setup

Choosing a strategic location.

Location is a crucial factor in the success of any foodstuff business in Nigeria. It is essential to choose a strategic location that is easily accessible to your target market.

The ideal location should be in a busy commercial area with high foot traffic, such as a shopping mall, market, or busy street.

When choosing a location, it is important to consider the competition in the area.

You want to avoid areas with too many similar businesses, which may result in lower sales.

It is also important to consider the area’s rent or lease cost. A high rent or lease cost can significantly affect your profit margins.

Check out: 8 Secrets to Find a Good Location for Your Business in Nigeria

Store Design and Layout

Setting up a successful foodstuff business in Nigeria is like making a tasty recipe – you need the right ingredients.

Think about how your store looks and where things go. Make it pretty, clean, and organized so customers feel happy inside. Make sure it’s easy for them to find what they want without searching forever.

Put popular things where everyone can see them. Also, get good shelves, display cases, and refrigerators.

These things aren’t just tools; they make your store look nice and keep the food fresh.

So, pick a good spot, make your store look awesome, and get cool stuff for it – that’s the secret recipe for a great food business.

Supply Chain Management

Sourcing quality ingredients.

Getting good ingredients is super important for a successful foodstuff business in Nigeria.

You need to make friends with suppliers who always give top-notch stuff. This keeps your customers happy and helps you stay ahead in the market.

To find good suppliers, do some research. You can go to food exhibitions, trade shows, or conferences to meet them and talk to other food business people.

Also, look online for suppliers and read what other customers say about them.

Doing this homework helps you make smart choices, ensuring your food business has the best ingredients and stays tasty and successful..

Inventory Management

Effective inventory management is crucial for any foodstuff business in Nigeria.

It is important to keep track of your inventory levels to avoid stockouts and overstocking.

This will help you minimize waste and ensure you always have enough ingredients to meet customer demand.

To manage your inventory effectively, you can use inventory management software or tools to track your stock levels.

You can also establish a system for ordering ingredients based on customer demand and sales forecasts. This will help you to avoid overstocking and minimize waste.

Also, it is important to review your inventory levels and regularly adjust as needed.

This will help you identify any issues with your inventory management system and make improvements to ensure your business runs smoothly.

Marketing and Branding

Building a Brand Identity

Building a strong brand identity is crucial for any foodstuff business in Nigeria. It helps to differentiate your product from the competition and create a lasting impression on customers.

To create a strong brand identity, define your brand values, mission statement, and unique selling proposition.

These elements will help you create a brand that resonates with your target audience and sets you apart from the competition.

Once you have defined your brand identity, create a visual identity that reflects your brand values and mission.

This includes designing a logo, choosing a color palette, and selecting fonts and imagery that align with your brand.

Consistency is key when it comes to building a brand identity, so make sure that all of your marketing materials, packaging, and website reflect your brand identity.

Effective Marketing Strategies

Effective marketing is essential for any foodstuff business in Nigeria.

It helps to attract new customers, retain existing ones, and increase sales.

There are several marketing strategies that can be effective for foodstuff businesses in Nigeria, including.

Social media marketing:

Social media platforms like Facebook, Instagram, and Twitter are great for reaching a large audience and building brand awareness.

Use these platforms to share photos of your products, engage with customers, and promote special offers and discounts.

Influencer marketing:

Partnering with influencers is a great way to reach a targeted audience and build brand credibility. Look for influencers who align with your brand values and mission, and consider offering them free products or discounts in exchange for promoting your brand.

Email marketing:

Email marketing is a cost-effective way to reach customers and promote your products. Use email to share special offers, new product launches, and other important updates with your customers.

Sampling:

Sampling is a great way to introduce customers to your products and generate buzz. Consider offering free samples at local events or partnering with other businesses to offer samples to their customers.

By using these marketing strategies, you can build a strong brand identity and attract new customers to your foodstuff business in Nigeria.

Sales and Customer Service

Sales techniques.

When starting a foodstuff business in Nigeria, it is important to have effective sales techniques to attract and retain customers.

One of the most effective techniques is to offer discounts and promotions.

This can be done by offering a percentage off on a customer’s first purchase or by offering a loyalty program that rewards customers for repeat business.

Another technique is to create a sense of urgency by offering limited-time deals or by creating a sense of scarcity by emphasizing the limited availability of certain products.

This can be done by highlighting seasonal products or by offering special deals on products that are about to expire.

It is also important to have knowledgeable sales staff who can answer customer questions and provide recommendations.

This can be achieved by providing training to staff on the products being sold and by encouraging them to engage with customers in a friendly and helpful manner.

Customer Relationship Management

In Nigeria, making your foodstuff business successful is all about how you treat your customers.

Customer relationship management (CRM) is a big deal! That means being super friendly and making sure customers are happy.

You can ask them what they think through surveys or get them to write reviews on social media.

Also, it’s like being a good friend – remembering what they like and giving suggestions.

If there’s a problem, fix it fast and nicely. Doing cool promotions, having smart staff, and being friends with customers help your business a lot.

So, being nice and smart with customers is the key to rocking a foodstuff business in Nigeria

Growth and Expansion

Scaling the business.

Once a foodstuff business in Nigeria has established a solid customer base and is generating steady revenue, it may be time to consider scaling the business.

This can involve increasing production capacity, expanding the product line, or opening additional locations.

To scale the business effectively, it is important to have a clear understanding of the market demand and to carefully manage cash flow.

This may involve securing additional funding through loans or investors, or reinvesting profits back into the business.

Exploring New Markets

Another way to grow a foodstuff business in Nigeria is to explore new markets. This can involve expanding into new geographic regions or targeting new customer segments.

Before entering a new market, it is important to conduct market research to understand the local demand and competition.

This can help inform decisions about product offerings, pricing, and marketing strategies.

Expanding into new markets may require additional resources, such as hiring new staff or investing in marketing campaigns.

However, if done correctly, it can lead to significant growth opportunities for the business.

How Much Do I Need to Start up a Food Stuff Business?

The startup cost for a foodstuff business can vary widely depending on factors like location, scale, and type of products.

On average, small ventures might require a few thousand dollars, while larger operations could demand tens of thousands.

Conduct a detailed business plan to estimate costs accurately.

Food Stuff Business Ideas?

Explore niche food business ideas such as specialty catering, meal prep services, or a unique food truck.

Offer online cooking classes or curate gourmet food subscription boxes.

Collaborate with local farmers for farm-to-table products, or specialize in a specific bakery item.

The options are diverse for a thriving food-related venture.

Is Food Stuff Business Profitable?

The profitability of a food business will vary depending on factors like location, concept, management, and market demand.

Researching the target audience and competition, creating a solid business plan, and offering unique value will contribute to success in the food industry.

Bottom Line

Scaling and expanding a foodstuff business in Nigeria requires careful planning, market research, and financial management. By taking a strategic approach, entrepreneurs can position their businesses for long-term success in the competitive Nigerian market.

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Ma, am impressed by your business ideas and knowledged. After reading your article on social media about foodstuff business. Am encourage to invest but I need to study more. Can I have any books written by you about successful business?

Hello Anamelechi,

Thank you so much for stopping by.

Currently, I do not have any book but you can check on the site about business ideas and how to start.

Check out this link: https://centsandbeyond.com/category/business-ideas/

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How To Start Foodstuff Business In Nigeria (Earn ₦1m Monthly)

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There are many lucrative and profitable businesses in Nigeria. Among them is the foodstuff business. In fact, the foodstuff business is one of the most profitable businesses in Nigeria.

It is a kind of business that brings money into your pocket daily, weekly, and yearly, so you will hardly run out of cash.

If Aliko Dangote, who started his business career with a foodstuff, can become the richest man in Africa, nothing will stop you.

There are a lot of lucrative business ideas in Nigeria and the foodstuff business in Nigeria is one of them.

However, it is obvious that most people don’t know how to start a foodstuff business in Nigeria. Are you among them? If yes, then relax and read as we put through every step you need to start a successful foodstuffs business in Nigeria.

Not just that, by the end of this article, you will have a list of foodstuffs to sell in Nigeria, how profitable the business is, and the raw foodstuff business ideal.

Now let’s dive in.

List of foodstuffs to sell in Nigeria

Every part of Nigeria has some specific foodstuffs that sell the most, yet there are some raw foodstuffs that generally sell everywhere in Nigeria. If you have been looking for those foodstuffs, below is the list of foodstuffs to sell in Nigeria;

Guinea corn
Sweet potato
Irish potato

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How To Start Foodstuff Business In Nigeria (2023)

Many people have been planning to start a foodstuff business in Nigeria, but the problem is that they don’t know the steps to take. Are you among them? Don’t worry; below are simple steps on how to start foodstuff in Nigeria;

Survey the market

When starting a foodstuff business in Nigeria, the first step is to survey the market. Although foodstuffs sell almost everywhere, it is crucial to check the purchasing power of your area or your town.

Approach those who have been into the business and ask them about the business. Ask about how much they make, their business challenges, and many other vital questions.

Although most of them will not like to answer you, so you will need to ask them indirectly or give them money. First, make sure you get enough details about the business, and Once you get the details you need, you can then move to the next step.

Get capital

Now that you have surveyed the market, it is time to get capital for the business. Well, in case you don’t know, capital is the money used to start a business.

There is no specific amount to start a raw foodstuff business in Nigeria; you can budget your little money and begin the business with it.

However, it is recommended to have at least N300,000 to N1,000,000, as you know that the bigger the capital, the bigger your stock. Yet it does not mean you should not start the business if you don’t have much capital.

As much as the market is promising, starting with a small quantity is better than not starting at all.

There are many factors to be considered when looking for a shop for raw foodstuff business. Perhaps, the most important factor is location. A shop in an open and busy environment tends to sell more than a shop in an opposite location.

Make your shop visible and easy to locate. This is because most potential buyers won’t ask for your shop; they will purchase from any available shop. And the best way to increase the availability of your shop to potential buyers is to get a perfect location for the shop.

Purchase foodstuff in bulk

You have gotten capital and shop. Now it is time to fill the shop with foodstuff, and how will you do that? By purchasing the foodstuff, right?

You see, one needs to be very careful when buying foodstuffs. Unfortunately, many people make similar mistakes here. They buy the foodstuff they love to sell, not the ones that sell most.

Although you can’t sell all raw foodstuffs in the market, when buying, you should buy the ones that are easy to sell and in bulk.

For instance, you don’t know the foodstuffs that will sell well in your area. You can start with the small number of different foodstuffs you think will sell better. Then, once you start selling, you will know the ones that sell well and the ones that do not.

Store the foodstuffs in your shop/warehouse

Foodstuffs spoil very quickly, especially if they are not being stored well. It is undoubtedly true that if you always want to sell your foodstuff in good condition, you must store them properly.

The purpose of getting a shop for the foodstuff business is not just for selling but for storing the products as well.

Proper storing of the products (foodstuffs) will increase the days they will take before getting spoiled. However, the major foodstuff practice is to make your shop dry enough, arrange the products properly and avoid putting them on the bare floor.

Begin selling

Do you have customers down? I believe your answer is no. If that is so, you need to start with the closest people. Reach out to your family and friends and tell them about your business.

You can remember we made mention of a location earlier in this post. If your shop is located in a perfect place, you may begin to get sales immediately or some days after opening the shop.

However, you may need to lower the price of your products compared to what others are selling. This is to draw the attention of more customers, and once that is achieved, you can increase the price to the general market price.

How profitable is the foodstuff business in Nigeria?

It may seem incomplete if we talk about how to start a foodstuff business in Nigeria without telling you how profitable the business is.

You see, one of the underrated businesses in Nigeria is the foodstuff business. Many people don’t consider it a lucrative business despite the fact that it is very lucrative and profitable.

You may not believe it now but relax. We will show you how profitable the foodstuff business is in Nigeria.

For instance, a bag of beans is sold at the rate of N40,000, and each bag contains 60 rubbers which are sold at a rate of N1,000. That means you will make a sum of N20,000 for every bag.

Now let’s assume you sell just half a bag every day; that is N10,000 every day. Then let’s do the monthly calculation, 10000 * 30 = N300000. Automatically, you make not less than N300,000 a month. Is that not profitable? If it is, then what are you waiting for?

CHECK OUT: SMEDAN Registration: Step-by-step Guide on How to Register your Business -2022

Raw Foodstuff business ideas in Nigeria

Below are some raw foodstuff business ideas that will bring more money;

Grind foodstuffs

Foodstuffs like yam flour are good business ideas to make money. Instead of selling just yam tubers, you can turn some of them into flour and sell them to the customers. Not just yam, you can do that to all similar foodstuffs.

Waste products of the foodstuffs

This may look funny, but it is really a good business idea. So many people are looking for those waste products, and instead of throwing them away, why don’t you sell them to them and make more money?

Producing poultry feeds

Producing and selling poultry feeds is a perfect raw foodstuff business idea. People who are into the business are making cool cash from it; you can as well do the same.

All you need is to get a machine and space for the production of the feeds.

FAQs – Frequently asked questions.

How much can I use to start a foodstuff business?

The cost of starting a foodstuff business in Nigeria depends on the business scale. If your aim is to start a small foodstuff business scale, you should budget N300,000 to N1,000,000. And if starting a big scale is your aim, you should budget at least N1,000,000 or above.

How much can I make from the foodstuff business in Nigeria?

It is very difficult to say the actual amount a person will make from the business. Perhaps, you can make from N5,000 to N20,000 or more every day from the foodstuff business, depending on your market size.

Starting a foodstuff business in Nigeria is not as difficult as it may seem. With a small capital and proper planning, you are good to go. However, just like other businesses, there are challenges and risks in the foodstuff business.

It is crucial to be ready for the challenges and how to minimize the business risk involved.

Always, start small and go bigger as time progress.

We hope that our tips have helped you figure out how to start your own foodstuff business in Nigeria and given you some ideas on what you need to do to be successful.

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Mina is a personal finance writer and entrepreneur with a deep love for technology in the business world.

She is not only a successful, tech-savvy businesswoman but also a dedicated mentor, guiding aspiring entrepreneurs in Nigeria.

Explore her work and be inspired by her journey of leveraging tech innovation for business success in Nigeria.

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How To Start A Profitable Foodstuff Business In Nigeria

A foodstuff business is a retail business that sells food and other consumables. It is a popular business venture in Nigeria, as the country has a large and growing population. From the bustling markets of Lagos to the serene landscapes of Abuja, the demand for essential food items remains constant, making this venture both relevant and lucrative.

In this blog, we’ll take you on a journey through the key steps, insights, and strategies needed to navigate the realm of foodstuff business in Nigeria.

Table of Contents

What is a foodstuff business?

A foodstuff business involves the buying, selling, and distribution of various types of food products and commodities. These can include staple foods like grains, cereals, pulses, fruits, vegetables, spices, and other raw or processed food items that are essential for daily consumption.

Foodstuff businesses play a crucial role in the supply chain, ensuring that a diverse range of food products reaches consumers, retailers, and even other businesses. In the context of Nigeria, with its rich culinary heritage and diverse food preferences, a foodstuff business encompasses trading in these essential food items to meet the demands of both local communities and larger markets. Whether it’s rice, beans, yams, or spices, a foodstuff business contributes to ensuring a steady flow of nutrition and sustenance within a region.

Why start a foodstuff business in Nigeria?

There are many reasons why starting a foodstuff business in Nigeria can be a good idea. Here are a few of them:

Food is a basic necessity : Everyone needs to eat, so there is always a demand for food. This means that there is a potential market for your business, no matter where you are located in Nigeria.
The food industry is growing : The Nigerian food industry is growing rapidly, thanks to the country’s growing population and increasing disposable income. This means that there is room for new businesses to enter the market and succeed.
The start-up costs are relatively low : You can start a foodstuff business with a relatively small amount of capital. This makes it a good option for entrepreneurs who are just starting.
The margins are good : The profit margins in the food industry are typically good, which means that you can make a decent amount of money from your business.
There is a lot of support available : There are many government programs and organizations that can provide support to businesses in the food industry. This can help you get your business off the ground and succeed.

How profitable is the foodstuff business in Nigeria?

The profitability of a foodstuff business in Nigeria can be significant, but it’s important to note that success in this field depends on various factors, including market dynamics, sourcing strategies, distribution channels, pricing strategies, and competition. Here are some considerations regarding the profitability of a foodstuff business in Nigeria:

Market Demand : The high population of Nigeria ensures a consistent demand for foodstuff items. Staple foods like rice, beans, yams, and spices are essential to daily diets, creating a steady market demand.
Seasonal Variations : Some food products may have seasonal availability, affecting their prices and demand. Understanding these fluctuations and planning your sourcing and pricing strategies accordingly is crucial.
Supply Chain Efficiency : Managing the supply chain efficiently, from sourcing raw materials to distribution, can impact your profitability. Effective logistics and storage solutions can reduce losses and increase margins.
Competition : The foodstuff market in Nigeria can be competitive, especially in urban areas. Researching your competition and differentiating your business through product quality, packaging, and customer service can give you an edge.
Sourcing Costs : The cost of sourcing raw materials can impact your profit margins. Exploring local sourcing options and building relationships with farmers and suppliers can help manage costs.
Value-Added Services : Offering value-added services like packaging, processing, and convenience can allow you to charge premium prices, enhancing profitability.
Market Trends : Keeping an eye on consumer trends and preferences can help you introduce new products or adapt your offerings to align with changing demands.
Economic Factors : Economic fluctuations, currency exchange rates, and inflation can influence pricing and profitability. Diversifying your product range and having flexible pricing strategies can help navigate these challenges.
Location : The location of your business can impact profitability. Being strategically located near your target market or sourcing areas can reduce transportation costs and increase efficiency.
Regulations and Compliance : Adhering to food safety and quality regulations is crucial. Non-compliance can lead to fines and reputational damage, affecting your business’s profitability.

Steps to start a foodstuff business

– do your market research.

Market research involves collecting and analyzing information about your potential customers, competitors, and industry trends. It’s a critical step in understanding the demand for different foodstuff products in Nigeria and how to effectively cater to your target audience. By conducting thorough research, you gain insights into consumer preferences, which products are in high demand, and the pricing expectations of your customers. This knowledge allows you to make informed decisions about your product offerings, pricing strategy, and marketing approaches.

– Secure funding

Securing funding is a pivotal step in kickstarting your foodstuff business in Nigeria, as it provides the financial backbone needed to initiate and sustain operations. Funding encompasses obtaining the necessary capital to cover startup expenses and ongoing operational costs, ensuring your business’s viability and growth prospects. It acts as the fuel that propels your business journey by affording you the resources to source inventory, establish a presence, and navigate the dynamic landscape of the foodstuff industry.

How to Secure Funding:

Personal Savings : Use your own savings to fund your business. This demonstrates your commitment and reduces the need for external funding.
Family and Friends : Consider borrowing from family or friends who believe in your business idea. Be sure to formalize the arrangement and have clear repayment terms.
Bank Loans : Approach banks and financial institutions for business loans. Prepare a solid business plan to showcase your business’s potential and your repayment strategy.
Investors : Seek investors who are willing to provide funding in exchange for equity in your business. This could include angel investors or venture capitalists interested in the food industry.
Government Grants : Research government programs or grants that support small businesses in Nigeria. These grants might be available to businesses operating in specific sectors.
Crowdfunding : Explore crowdfunding platforms where you can present your business idea and attract contributions from a large number of people.
Microfinance Institutions : Microfinance institutions offer smaller loans to entrepreneurs, particularly in developing countries, and could be an option for obtaining funds.
Business Incubators : Some business incubators and accelerators provide not only funding but also mentorship and support for startups in specific industries.
Bootstrapping : Start small and reinvest your profits back into the business to fund its growth over time.

Securing funding is a critical aspect of realizing your foodstuff business dreams. Carefully evaluate the available options and choose the one that aligns best with your business goals and financial situation.

– Choose a location for your business

Selecting the right location for your foodstuff business in Nigeria is a pivotal decision that profoundly impacts your success. The ideal location harmonizes factors such as accessibility, target market proximity, and operational efficiency. In Nigeria’s bustling food market landscape, your choice of location can determine your visibility, foot traffic, and overall customer reach.

Urban areas, with their higher population density, offer the advantage of a larger customer base and potential sales. However, rural areas should not be disregarded, as they might present untapped markets with less competition. Assessing the demographics, preferences, and purchasing power of the local community helps tailor your product offerings to match their needs. Moreover, your chosen location should align with your business model, whether it’s a physical store, an online platform, or a combination of both.

– Get the necessary permits and licenses

Obtaining the required permits and licenses is a crucial step when establishing your foodstuff business in Nigeria. These legal documents are essential to ensure compliance with regulations and to operate your business lawfully. The food industry is subject to strict health and safety standards, and securing the necessary permits demonstrates your commitment to providing safe and quality products to your customers. These permits and licenses vary based on factors such as the nature of your business, location, and the types of food products you intend to sell. Acquiring them not only safeguards your business operations but also builds trust among your customers, suppliers, and regulatory authorities.

– Set up your business

Begin by finalizing your chosen location, whether it’s a physical store, market stall, or an online platform. If you’re setting up a physical store, create an inviting and functional space with proper shelving, display units, and storage for your foodstuff products. For an online business, set up an e-commerce website or platform that offers a user-friendly interface for customers to browse and order products. Organize your inventory and ensure that your products are properly labeled and packaged for display or delivery.

Additionally, set up efficient processes for order fulfillment, packaging, and delivery. If hiring staff, provide training on handling and packaging foodstuff items to maintain quality and safety standards. Develop a pricing strategy that aligns with your costs, market trends, and customer expectations. Implement a robust record-keeping system to track sales, expenses, and profits. Finally, create a marketing plan to promote your business through social media, local advertising, and word-of-mouth.

How much to start a foodstuff business in Nigeria

The cost of starting a foodstuff business in Nigeria depends on a number of factors, including the size and location of your business, the type of products you sell, and the cost of rent and utilities. However, you can expect to spend anywhere from ₦100,000 to ₦500,000 to get started.

Here is a breakdown of some of the costs you will need to consider:

Shop rent : The cost of rent will vary depending on the location and size of your shop. You can expect to pay anywhere from ₦50,000 to ₦100,000 per month for a small shop in a busy location.
Equipment : You will need to purchase shelving, display cases, and other equipment for your shop. This could cost you anywhere from ₦20,000 to ₦50,000.
Inventory : You will need to purchase a stock of foodstuffs to sell. The cost of your inventory will depend on the type and quantity of products you sell.
Marketing : You will need to market your business to attract customers. This could involve printing flyers, creating a website , or using social media. The cost of marketing will vary depending on the methods you choose.
Other expenses : There are other expenses you may need to consider, such as the cost of licenses and permits, insurance, and employee wages.

It is important to create a budget and track your expenses carefully to ensure that your business is profitable. You should also be prepared for unexpected expenses, such as repairs or spoilage.

List of food items to sell in Nigeria

Here’s a list of food items that you could consider selling in your foodstuff business in Nigeria:

Rice : A staple in Nigerian households, rice is a versatile and widely consumed food item.
Beans : Different types of beans, such as black-eyed peas and cowpeas, are essential sources of protein.
Yams : Yams are a popular carbohydrate-rich food in Nigeria, enjoyed in various dishes.
Cassava: Cassava is used to make staples like garri and fufu, and can also be used in various other dishes.
Plantains: Plantains are a common side dish and can be cooked in a variety of ways.
Spices: Offer a range of spices and seasonings used in Nigerian cuisine, such as curry, thyme, and ginger.
Palm Oil : This cooking oil is a key ingredient in many Nigerian dishes.
Pepper Soup Ingredients : Provide a variety of spices, herbs, and meats used in preparing Nigerian pepper soup.
Tomatoes and Onions : Found in most Nigerian dishes, these vegetables are essential.
Groundnut (Peanut) Oil : Another commonly used cooking oil in Nigerian cuisine.
Fish and Meat : Offer a selection of fresh or dried fish and meat products.
Flours : Stock different types of flours like wheat flour for baking, as well as yam and plantain flours for traditional dishes.
Noodles and Pasta : These convenience foods are popular and versatile options.
Beverages: Include popular beverages like tea, coffee, and fruit juices.
Snacks: Offer a variety of snacks like chin-chin, plantain chips, and groundnut snacks.
Dried Fruits : Provide dried fruits like dates, raisins, and mangoes.
Nuts: Include different types of nuts, such as groundnuts (peanuts), cashews, and almonds.
Honey: Natural honey is a sought-after sweetener and ingredient.
Bread: Consider offering different types of bread, including traditional options.
Condiments: Stock items like soy sauce, ketchup, and vinegar for flavoring dishes.

Starting a foodstuff business in Nigeria can be a profitable and rewarding venture. However, it is important to do your research and plan carefully before you get started.

To start a foodstuff business, you will need to do your market research, secure funding, choose a location, get the necessary permits and licenses, set up your business, and manage your business. You should also develop a marketing plan to attract customers.

If this article helped you in setting up your business or you encounter any challenges, feel free to do your comment and we’ll try our best to help. Also don’t forget to share with your friends.

11 Tips to Start foodstuff Business

January 14, 2024

Foodstuff business: A Great Opportunity in the Foodstuff business

Is it accurate to say that you are dreaming of starting a foodstuff business? Here you will find everything you ought to know before making foodstuff business plan.

In terms of residents, in Afrhttps://businesshab.com/ica Nigeria positions the primary spot and is one of ten most crowded nations on the planet. It gloats an expansive number of dynamic, enterprising, and goal-oriented difficulties.

Try not to become a man of success. Rather become a man of value. You can request publication of your article for publication by sending it to us via our Email below. [email protected] or SMS/ WhatsApp ) or call +2347034920650. Click here to start business now with businesshab.com

Up to this point, the quickest developing economy o f Nigeria provoked the investment Bank “Goldman Sachs” to include it in the “Gathering of eleven” (N-11) – the rundown of nations with the possibility to end up plainly the world’s biggest economy.

The oil area generally dominates in the nation’s economy, yet recently Nigeria economy has turned out to be more expanded, because of the dynamic development of the segments of media communications, land, financial services, and foodstuff business.

Read also: 17 Tips to Start Yam Wholesales Business

1. The banking arrangement of Nigeria is the biggest in Africa.

The Financial Times included ten Nigeria banks i n the rundown of main 1000 banks on the planet. Every one of these components, combined with guarantees of significant returns, have made this nation to a great degree alluring to potential investors.

Related: Top 50 Poverty Alleviation Business in Nigeria

The Business Opportunity in Nigeria

It’s no big surprise that consistently our nation stimulates the interests of investors from an extensive number of states. Notwithstanding, the main limiting co m ponent for financial development is the lack of power. The second constraint in the monetary division of Nigeria is the diverse sorts of financial misrepresentation.

The issue with power is tackled by the construction of new power plants with the assistance of China, the second issue is illuminated precisely by finding solid accomplices. Shockingly, the level of regular wrongdoing is also very high.

Read on: 12 Tips to Starting Food Spicing Business

The whole will differ from the character of field you have decide on.

A few circles require more cash, a n d some need less of your earnings.

Make every one of the estimations altogether, taking all into record even little subtle elements.

The third thing to think over is the total income you need to earn day by day or yearly.

Assess your income and profit.

The fourth – find the ideal place for your discount foodstuff business in Nigeria (the illustration was given before).

The following – make an arrangement of what y o u have effectively done and what you can do in the future.

Read on: Top 50 Millionaires Business for Petroleum Engineers

See also: S: Top 50 Business for Caterers in Nigeria

3. Foodstuff business: Other Useful Steps

It can be helpful to solicit a guidance from some person who has involvement in the foodstuff business.

Hire some dedicated representatives. Show them how to function.

Start selling goods and making profit!

Now, you should definitely know how to start a foo d stuff business in Nigeria. Think over deliberately, make every vital estimation, examine the market and demands, and begin making cash!

5. Foodstuff business: Floor Tires

In many cases, the floor of the shop may not be drained, you have to settle tires for a few reasons (1) To improve the shop and include more fabulousness (2) To ke ep ants and insects from digging gaps starting from the earliest stage and invading your shop. Insects can annihilate the greater part of your items, for example, sugar, bread rolls, drinks, and so forth..

Read also: 35 Best Ways to Carry out Crayfish Business Feasibility Study in Nigeria

6. foodstuff business: store sheleves.

There are diverse sorts of store shelves, some are made of wood while others are made of aluminum.

While some are made of iron. The wooden is the favored and the most generally utilized.

And you have distinctive sorts of wooden shelves too.

Some are neatly done with finished materials while other are quickly done.

Your decision matters in s uc h manner.

6. Foodstuff business: Tables

Probably maybe a couple tables might be alright depending on the extent of your shop.

The most imperative is the clerk’s table, you may do extra maybe a couple tables for product show.

9. Foodstuff business: Aeration and cooling system

Apart from your own solace and comfort.

Ventilation system saves your goods and keep some undesirable intruders away.

Clients are more settled shopping i n a basic supply shop that is made helpful with AC.

Thusly, attempt and install at least one.

Related: 15+ Tips to Avoid Business Marketing Rejection in Nigeria

10. Foodstuff business: Iceboxes

Refrigerator is an absolute necessity in a basic supply shop to keep your soft drinks and squeezes cool.

Nowadays, nobody purchases dr in ks and squeezes that are not chilly.

In the event that you want to offer drinks, juices, and immaculate water, you should get a fridge.

Read also: How to Start Home Security IP Camera Installation Business in Nigeria (20 tips)

11. foodstuff business: stock your shop with goods.

With all these set up, the following and final str i de is to continue to the market and purchase your goods.

The discount costs are settled wherever the bas ic supply items are sold in discount.

However, a few merchants offers some it e ms marginally higher or lower, the costs are moderately the same.

You can get the arrangement wholesalers in most significant markets in Nigeria.

After you have built up your shop, you w il l get supply from makers of a few goods who typically go from roads to boulevards supplying goods.

That is all it takes to begin this business.

If you need a complete business plan, please let us know. Or, you want us to help you set up this business, kindly contact us.

I know you would also want to check out these other business ideas

BusinessHAB

Please i need a complete business plan on foodstuff

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How to Start a Lucrative Foodstuff Business in Nigeria

In Nigeria, the food industry is quite lucrative, just like the provision industry. It is the kind of business that can be quickly launched. Foods like beans, rice, garri, crayfish, etc. are fast-selling food items, but they must be preserved properly to prevent deterioration and financial loss. The majority of Nigeria’s wealthy businessmen got their start in the food industry.

Food can be purchased and sold in retail establishments, public spaces close to residential areas, open markets, and even online. Everyone with a strong interest in business can establish this enterprise.

Your level of entry into the business will be based on how much funding you have. You can establish a food distribution or wholesale business if you have a significant amount of money, such as ten million naira. With little money, however, you are limited to purchasing from wholesalers and selling to merchants and customers.

Why Start A Foodstuffs Business In Nigeria?

Check out some of the reasons listed below if you’re wondering why starting a foodstuff business in Nigeria is a good idea:

• There’s a huge demand for it

One of the few goods we absolutely require is food. There are very few families in Nigeria that can go for more than one day without eating rice. The human body needs food to keep its organs operating properly.

• It can be done anywhere

Yes, you heard me correctly; the food business can be conducted wherever, no matter the location. If you live in a city or a rural area, you can still sell your goods and make a good profit.

• It can be done any season

The food industry is not like the fruit industry, which is influenced by the season. You are always welcome to purchase food in bulk from wholesalers and sell it at any time of the year.

• The enterprise will bring in money for you.

Every business owner wants to generate a decent profit, and working in the food industry will assist you. Despite the fact that this is not a “get rich quick” scheme, you will be content with the profit rate at which your business is expected to grow after a few months of operation.

Is Nigeria’s foodstuffs industry profitable?

Yes, the food business is incredibly lucrative and may drastically alter your life if you are willing to put in the effort to convert nothing into something, this is the short and easy answer to this issue.

A logical person would also wonder why the food industry is profitable, but let me tell you that no matter the state of the economy, it doesn’t matter how hard we have to work to earn food; what counts is that we eat at least twice or three times every day.

The food industry is one of the industries that will never go out of business, particularly in Nigeria, where there are an estimated 200 million people and a fast-growing population. These 200 million people consume food every day. Even though there are currently a lot of people in the company, there is still a lot of demand since there must be more vendors to satisfy the needs of more than 200 million people in the country.

Steps to Starting Foodstuff Business in Nigeria

Obtain capital for your foodstuffs shop

Obtaining business funding is the first step in starting a food-related business. It is preferable to self-fund the firm rather than borrow money to do so. However, if you absolutely must borrow money, make sure to do so from a reputable source or a lender that you are confident won’t bother you every day.

There is no set amount needed as startup capital for the food industry or the raw food industry. However, if you want to start a small-scale food business in Nigeria, you can do it with between N500,000 and N1,000,000 in funding.

You’ll require between N2,000,000 and N5,000,000 on a medium scale and between N10,000,000 and above on a huge scale. When addressing the capital requirements for any business, we frequently express scepticism.

This is due to the fact that starting a food business, for instance, in a rural location will demand a different amount of cash than starting a similar business in an urban area.

The startup capital requirements for a food business will vary even across two nearby cities or towns. The best course of action is to determine the prices of food goods outside (within your area).

Do Market Research

Market research is the next stage to starting a successful food business. In addition to the information we’ve provided in this post, you’ll still need to conduct your own market research into the food industry. This is crucial because market prices for food goods fluctuate daily, making it impossible to rely on historical prices.

Once more, prices differ from one place to another. We always advise readers to conduct their own marketing research on any companies we discuss on our website. Therefore, while we work to provide you with all the information you need to launch a successful food business, conduct your own market research and familiarize yourself with the current trends in the market.

Hire a Store or Warehouse

Renting a reputable shop is a crucial step to consider when beginning a food business. Renting a quality store is crucial since you cannot afford to expose your products to hazards that could cause them to spoil or be damaged.

It is advisable to rent a warehouse rather than a store if you plan to start a wholesale food business. You will be able to purchase bulk food items in this room without worrying about them spoiling.

Additionally, you should make sure that the store is shielded from pests and rodents that can ruin a lot of the food as well as sunlight that can deteriorate the food. When renting a space for a food business, the following factors should be taken into account:

Good placement: Where you locate your food business depends on the firm’s location. It must be a key location within a bustling open market or a residentially congested region. Because it greatly affects how clients may find your business, a good location is essential. Your store should be situated in a key area, where thousands of the people you anticipate will pass each day.

Money for Shop Rent: after choosing a nice location, think about how much you’ll have to pay in the beginning. The majority of the time, this money is deducted from your capital; therefore, it should not exceed 15% to 35% of your capital. For instance, if you have N1.5 million set up for your food business, your annual rent for your store cannot be more than N350,000.

Shop Space: Is there adequate room in the shop? When the company starts to expand, will it be able to hold more food in the near future as well as bulk food now?

Purchase food in large quantities.

Selling all varieties of food is actually impossible unless you are certain that you are capable of handling every aspect of it. When he first started out, even a business tycoon like Dangote did not sell all kinds of food. With little food supplies, he began. So you might begin by stocking up on a few foods in large quantities. So that you may be certain you’re getting the best deal, purchase from a manufacturer or wholesaler. Bulk food purchases guarantee a significant after-sale profit margin.

Stock up your shop

You should take additional care while replenishing your food store since how you arrange your food will affect how long it will keep for you before going wrong. Food that is properly stored in your store will last a long time and be sold in good condition.

Be sure the floor is sufficiently dry before storing or stocking your store. Avoid setting the food on the ground and count each item as you load it to ensure none went missing during transportation.

Start your sales

At this point, you should inform your friends, family, and neighbours about your new company so that they can start using your services as soon as you open. You can hold “an open business ceremony” to introduce the public to your culinary business.

Again, you might lower the price of food items in comparison to your rivals to attract more potential clients. For instance, if other vendors charge N800 for a bottle of red oil, you may begin by charging N750. More people will visit your store as a result of this.

The profitability of the food industry

Yes! You will make a significant profit whether you start small or big if you get into the raw food business in Nigeria. But the more cash you put into the company, the more money you’ll make.

You cannot compare the success of a food business that someone started with N400,000 with N1,000,000 investment (One Million). The guy who starts with N1 million will undoubtedly profit more than the person who begins with N400,000.

You can, however, start off little or huge. If you can’t afford it, resist the urge to start out big. Start the business now with whatever resources you have and expand it.

In Nigeria, one of the successful industries is the food industry, but for you to succeed in your venture, you must use the right positioning strategies. You must also keep reinvesting your profits in order to expand your firm.

Additionally, to prevent damage from rodents and pests, make sure all openings in your store—on the floors as well as the walls—are sealed off. This will prevent rodents from entering your store and causing damage.

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How to Start a Profitable Raw Foodstuff Business in Nigeria: A Comprehensive Guide

Muhammed Alhassan

In this guide, we will walk you through the steps to kickstart your raw foodstuff business successfully, including the capital required and its profitability potential..

Table of Contents

Introduction:

Starting a raw foodstuff business in Nigeria can be a lucrative venture due to the country’s large population and its reliance on food as a fundamental necessity. In this guide, we will walk you through the steps to kickstart your raw foodstuff business successfully, including the capital required and its profitability potential.

Table of Contents:

Understanding the Market Demand

Identifying your niche, business registration, permits and licenses, local suppliers, farm partnerships, initial investment breakdown, working capital, warehousing options, refrigeration and preservation, building your brand, marketing strategies, calculating profit margins, competitive pricing strategies, seasonality issues, quality control, expanding your product range, increasing distribution.

References and Additional Resources

1. Market Research and Planning

Before diving into the raw foodstuff business, it’s crucial to conduct thorough market research. Identify the specific raw food items that are in high demand in your target market. Common options include grains, vegetables, fruits, and spices.

Consider specializing in a particular niche within the raw foodstuff market. For instance, you could focus on organic or locally sourced products, which are becoming increasingly popular due to health and sustainability concerns.

2. Legal Requirements

Register your business with the Corporate Affairs Commission (CAC) in Nigeria. This legal step is necessary to establish your business’s legitimacy.

Check with your local regulatory authorities for any required permits or licenses for food-related businesses.

3. Sourcing Raw Foodstuff

Establish relationships with local farmers and wholesalers. Ensure a consistent supply of quality raw food items.

Consider forming partnerships with farmers or investing in your farming operations to guarantee a stable supply chain.

4. Capital Required

Stock : Allocate a significant portion of your capital to purchasing your initial stock of raw foodstuff.
Storage Infrastructure : Invest in warehousing and refrigeration facilities.
Transportation : Budget for vehicles and transportation costs.
Registration and Licensing : Cover the costs associated with business registration and permits.
Marketing : Set aside funds for marketing and branding efforts.

Maintain working capital to cover day-to-day expenses, such as staff salaries, utility bills, and unexpected costs.

5. Storage and Transportation

Secure suitable warehousing facilities for storing your raw food items, ensuring they remain fresh and uncontaminated.

Invest in refrigeration systems to extend the shelf life of perishable items.

6. Marketing and Branding

Create a compelling brand identity and logo. Establish an online presence through a website and social media platforms.

Utilize digital marketing, content creation, and partnerships with local markets and restaurants to promote your products.

7. Profitability and Pricing

Calculate your profit margins carefully, factoring in purchase costs, storage expenses, and transportation costs.

Research competitors’ pricing and offer competitive rates. Consider value-added services like bulk discounts or home delivery.

8. Challenges and Solutions

Plan for seasonality by diversifying your product range or investing in long-term storage solutions.

Implement strict quality control measures to ensure the freshness and safety of your products.

9. Scaling Your Business

Gradually expand your product offerings based on customer demand and market trends.

Explore opportunities to reach more customers through partnerships with retailers or online marketplaces.

10. References and Additional Resources

Corporate Affairs Commission (CAC) Nigeria
National Agency for Food and Drug Administration and Control (NAFDAC)
Nigerian Investment Promotion Commission (NIPC)

Starting a raw foodstuff business in Nigeria can be a rewarding endeavor, but it requires careful planning, dedication, and adherence to legal regulations. With the right approach and a commitment to quality, your business can thrive in this essential market.

Raw Foodstuff business in Nigeria: how to start and make money from it

Foodstuff business is one of the most lucrative business in Nigeria and the reason is not farfetched, food is something we can’t do without, life can go on without phone or electricity but without food it is not possible.

Food does not obey human law of discrimination both the rich and poor will surely eat at least one square meal per day

. All this epistle is to assure you that you can’t make a loss if you venture into foodstuff business, though you need to follow some steps or guide that will quicken your success and prevent you from making mistakes that can cripple your foodstuff business.

In this article we will be doing just what I wrote above. We will be guiding you through the process of starting foodstuff business in Nigeria not only that we listed the challenges of foodstuff business and their solution, niches of foodstuff business, cost and profitability of foodstuff business in Nigeria.

Croaker fish farming in Nigeria: how to start and make money from it
Mini importation from China to Nigeria (Beginners guide)

This article was written after a lot of research online and offline, so you can bank on it.

Niches of foodstuff business in Nigeria

Foodstuff business is broad, there are different niches to choose from though it is possible to combine all the niches but for beginners it is not advisable, you can start from the least demanding niche and grow to other niches from there.

Read more: How to start Ankara fabric business in Nigeria

Distributor This niche is very lucrative but capital intensive, if you chose this niche, your job is to source for raw foodstuff directly from farmer and distribute it to wholesaler.

It is a herculean task, which will take you to north and deferent part of Nigeria. In this niche you sell to wholesaler in tons and you will need vehicle for sourcing and delivery.

Wholesaler Wholesaler niche look like distributor in the sense that they can also buy foodstuff directly from farmer but not every time.

If you chose this niche your job is to buy from distributor and sale to retailer, you might also need vehicle for sourcing foodstuff and delivery. Wholesaler sell in bags and can also go to many part of Nigeria to source for foodstuff.

Retailer Retailer buy from wholesaler usually in half or quarter bag and sell to final consumer in cups, congo, derica and other small measurement. it require less capital and it is the best niche for entrepreneur with small capital.

Mobile retailer This niche is like retailer but instead of staying in one place to sell foodstuff, they make use of technology, such that people can order foodstuff online and it will be deliver to them.

If you are a student or recede around campus this is the best niche for you, with phone you can deliver foodstuff online and make your money.

Major raw foodstuff you can sell in Nigeria and where to find them

Rice (import) Beans (North) Garri (south) Corn (North) Guinean corn (North) Yam (South) Wheat (North) Cocoa yam (South) Potato (North) Yam flour (South) Dried pepper (North) Sugar (North) Salt Palm oil (South) Groundnut oil (North) Onion (North) Melon (North) And others

Equipment needed to start foodstuff business in Nigeria

Equipment needed depend on the scale of production and niches. Any way below are the equipment you will need to kicks tart your foodstuff business

Measuring equipment (Derica, Cups, Congo) Sacks Large bowl Vehicle Pallet Wheelbarrow

How to start foodstuff business in Nigeria

1) Feasibility study

Because your friend is making money from foodstuff business does not guarantee your own success.

You need to conduct a feasibility study that will let you know the profitability of your foodstuff business and how profitable it will be.

Go to where you want to start your business and interview potential customers and competitors. You should be able to answer the following question from your findings.

Can you win the completion?

Who are your target markets?

Does the location have good road network?

How easy to get equipment and raw material?

2)Choose your niche Once you conduct a thorough feasibility study you should be able to know the type of niches that will fit in to your environment.

If you want to start as a distributor but the location is not good for it kindly go to another place.

3) Register your business Nigerian are now taking business registration serious, you should too. Nobody will trust your business especially if you are starting a distribution or wholesale foodstuff business.

Also you will want to avoid future confrontation with the authority.

Read more: How to start Bakery business in Nigeria

4) Business plan This is not compulsory if you are not ambitious or need loan. For those that want to start large scale, you should write business plan that will document how big you want your business to be and how you will get there.

If you are going to use it to obtain loan let your business plan be simple and concise for easy reading by bankers and investors.

5) Set up your store, space or container Each niche of foodstuff business has deferent requirement considering where to store and sell it.

For distributor it is advisable to get a large store with good security, wholesale and retailer can get a shop or container.

With all been said make sure your store is in secure location to avoid theft.

6) Stocking This is the stage you stock your store with foodstuff. By now I expect you to have negotiated with supplier or farmer.

Store your foodstuff on pallet and let there be space between the foodstuff and the wall to avoid spoilage. Also be careful of what rat or pest killers you will use, remember you are selling food.

7) Selling your foodstuff Price of foodstuff fluctuates a lot, to be at the safer side carry out an occasional price survey so as to be in par with your competitor.

You can use deferent medium to collect your money such as in cash, electronic transfer or POS whatever you use be warry of credit although this is unavoidable but let it be small, give credit only to loyal customer who have been patronizing you for long.

8) Staffing You can’t do it alone; you will need people to help you attend to customer while you focus on other thing.

There for you need to employ but let it be by referral, ask people you trust that you are looking for employee they will surely refer someone to you.

It is a known fact that employee which a reputable people refer will turn out good, to increase the process you can tips them with foodstuff or cash.

9) Marketing Foodstuff business requires little marketing that is while you must secure a good location that will move market.

All been said below are the marketing medium you can use to advertise your product but before that I want you to know that Foodstuff is a commodity product if you want to sell more than your competitor, you need to add a top notch services to your business; the way you packaged your product and your neatness will set you apart from competition, I will talk more about this in the next section.

Erect sign posts that will direct people to your business

Share flyers and business card

Share picture of foodstuff on your online (social media) wall

Word of mouth (good services)

What you need to do to succeed in raw foodstuff business in Nigeria

1) Know your target customer Know what your customer want and stock it, this will prevent churn rate (people that get dissatisfy with your business) and spoilage. I believe if you do your feasibility study well this should not be a cause of concern.

Read more: How to become multi millionaire in Nigeria

2) Packaging and neatness As I stated above, only way to beat competition is to deliver great service and one of the way of doing this is by packaging your goods.

Also let your store be neat, seeing rat moving around in a store can be annoying.

3) Don’t eat your capital This is a common thing in Nigeria, don’t let it be for you, calculate your profit every closing business and record every food in your store, don’t postpone it; this will let you know how much you need to stock and if you are making any profit at all.

4) Sell when you have the chance Some bad practice in foodstuff business is to hold down goods when there is news of price increment, if you do this you won’t be in business for long because those customers will notice you and surely give you a pay back during glut.

5) Be friendly with your customers Do you want a loyal customer? Treat them well, everybody will like to buy from business that treats them like king and queen and not only that they will surely refer people to you.

Increase your profit in raw foodstuff business

Below are ways to increase your profit

Sell complementary product like beverages, cornflake, biscuit and sweets

Set up grinding machine, your customers will need to grind

Sell food waste to farm

Cost of starting a foodstuff business in Nigeria This depends on the scale of production. For retailing and wholesale you will need between #50,000 to #2,000,000 while distributor will need between #500,000 to #4,000,000.

How lucrative is foodstuff business in Nigeria Foodstuff business is a lucrative business, you can earn up to #400,000 on #1,000,000 capital depending on your location and source of product.

Challenges of foodstuff business in Nigeria 1) Price fluctuation Foodstuff business is plague by price fluctuation, you can buy at higher price now and before you move away from the market, the price would have dropped and vice versa.

The only solution to this is to have many ears in the market regardless of your niche; usually those market people will know five days before the price go high or low.

2) Pest Pest especially rats are serious problem in foodstuff business and the most painful part is that you can eradicate them with any-how chemical.

To solve it find their source and wipe them out with chemical not harmful to human.

3) Disappointment If you have only one supplier, you in for trouble, you can’t rest on one person especially if you are living in Nigeria secure and buy from at least five suppliers such that when one disappoint, you will go to others

Conclusion Foodstuff business is buying and selling business its modle is simple buy, sell, make profit and re ivest the profit, if you can do this you will soon expand to other places and make more money.

Startuppreneur

Related articles, complete guide of starting cocoa farming business in nigeria, how to start soft drink business (wholesale, distributor) in nigeria, how to start mushroom farming business in nigeria, where to buy cheap snails and cost of snail per kg in nigeria.

How To Start Foodstuff Business In Nigeria

by kemistri2022
February 11, 2023
No comments

How To Start Foodstuff Business In Nigeria- If you desire a business that will give you daily income, then you should consider starting a foodstuff business in Nigeria. People consume food daily, averagely twice daily or even more. We can’t do without food. We need food to carry out our daily activities. So foodstuff business in Nigeria is one that would always thrive. In this post, we would guide through on how to start a foodstuff business in Nigeria.

1. Do In-depth research

You need to research about the business you want to get into. Interact with people that are already into foodstuff business in Nigeria. Relate with them in a friendly manner, ask questions. You will find someone that would give you audience. Some of the research you should carry out include:

How do I source for goods?
How are foodstuffs stored preserved?
How do you handle external factors like pest and insect attack?
What are the selling price of the foodstuff?
What are my likely profits?

One sure way that would always work is to go for internship. Look for someone doing fine in the foodstuff business and attach yourself for some weeks/months. Ensure that while you are there , you are of great help and value. Don’t just sit all day asking questions like a lawyer. Get involved in what is being done there. When the boss sees your seriousness, he/she is the one that will call you aside and start giving you critical information needed to succeed in foodstuff business in Nigeria. He may even go as far as introducing you to his major suppliers. There is nothing like getting to buy from the main source, it implies buying cheap and buying quality too.

People in the southeastern Nigeria adopts this method of internship before starting any business and it really works for them.

2. Source for capital

Food stuff business in Nigeria can be capital intensive . The truth is the more profit you would make. You will need funds to rent a shop/ store and also buy goods to stock. Here is how to source for capital.

Personal savings
Crowd funding
Gifts from family and friends

3. Get a shop/store

After sourcing for capital, the next step to take is to start looking for a shop/ store to be able to stock your goods. Even if you are going to be selling online, you still need a place to store up your goods. Even if you are going to be selling online. Now you need to be strategic in the renting of a shop. If you intend to run the business fully onground, then you should rent a shop in a busy location where people can easily access and buy from you. But if you intend to sell purely online, then you can get your shop in any location. Infact, if you have some space/ extra rooms in your house, you can use such as store for your foodstuff business in Nigeria.

4. Get necessary permits and licenses

Every state / country has regulations guiding the operations of business. In Nigeria, If you are going to operate a shop, there are certain permits/licenses you need to get. Find out about such and ensure you procure them before you start selling.

5. Buy the foodstuff from the supplier

If you took sometime to learn under an experienced business man that does foodstuff business in Nigeria, you should have gotten a list of suppliers. But if you don’t have them, you will have to go search for them . One funny thing about Nigerians is this: when your shop is well-stocked with goods, they will take you serious and prefer to buy from you. But if your shop appears scanty, they will feel you are not ready for business and possibly your goods will be more expensive, so they wont stop by such shop.

That is why I said at the beginning that foodstuff business in Nigeria can be capital-intensive. So as much as possible, stock up your shop well on first opening.

6. Buy in bulk

Ensure that each time you want to re-stock, you buy in bulk. This will save you cost (e.g transportation) and also increase your profits. Moreso, when you buy your goods in bulk, you buy at a cheaper rate.

7. Get necessary materials/tools

To start foodstuff business in Nigeria, apart from buying the foodstuffs, you will also need some materials. For instance, measuring cups/ containers , nylons, bowls/ basins to display your foodstuffs, etc.

8. Documentation

You need to get some notebooks , pen and ledgers for documentation . You should have sales book where you record sales, have a book for purchases made. You should also have a receipt (highly important if you are selling in wholesale quantity.

9. Start selling

After all set and done, you should sit in your shop and start selling. Be optimistic , expect the customers and prepare for them. Remember to treat everyone that stops at your shop well. Even they are just there to make inquiries . Be polite. Your good attitude can change the heart of a window-shopper. Remember to thank them after each purchase.

10. Promote your foodstuff business

With the advent of social media, advertising and promotion of business is much cheaper than before. There are some people that will trace your shop and come to buy because of the advert placed online. Create social media account and place your business details there. You can also do some promotional sales for the first few days of sales e.g get a special gift for every bag of rice you purchase, etc.

Skills Needed To Excel At Foodstuff Business In Nigeria

1. communication skills.

When I mean communication skills, I don’t mean ability to speak some good grammar. Rather , ability to speak the language of the environment. If its Yoruba language that is the dominant, you should be able to speak and understand a little. Customers are delighted to receive greetings in their native dialect.

The truth is this: a customer will keep coming back to a shop that he feels at home/ welcomed. One way to make a customer feel at home is by relating with him/her in their own dialect.

2. Interpersonal skills

You must know how to relate well with people to be able to do foodstuff business in Nigeria. Be the first to greet and welcome your customers. Use kind words. Don’t be harsh even if you are under pressure. Treat people nicely and they will keep coming back.

3. Negotiation skills

You will need this when relating with your suppliers. Don’t be afraid to bargain or ask for discount freely. So you must exercise some boldness.

Other skills include Attention to details, organizational skills, etc.

Why You Should Get Into Foodstuff Business In Nigeria

1. it is an in-demand business.

Food is being consumed daily. Food items is therefore always in high demand 24/7. Once your prices are good and you have good customer retention plan, you will do well running foodstuff business in Nigeria.

2. It’s a lucrative business

Foodstuff business in Nigeria is not only in-demand business but also a lucrative one. You can get to make a lot of profits doing foodstuff business in Nigeria.

3. Business can be done online

You don’t have to sit all day long in a shop in the name of doing foodstuff business in Nigeria. Moreso, renting a shop is not cheap at all. So if you don’t have money to rent a shop, you can use some space in your home to store up the foodstuffs. You can promote your goods on social media space such as Whatsapp, Instagram, TikTok, Facebook and Twitter. There are actually some people who don’t have the time to shop for foodstuffs. You will find a crop of such people online who you can sell to and deliver at their doorstep.

4. It can be done as a side-hustle

You don’t have to quit your 9-5 job to start food business in Nigeria. Infact, your current job is a plus for the foodstuff business. This is because your colleagues at work can form your first set of customers, from which you can build on. However, you have to be sure that whatever you do, don’t violate your company’s policy so you don’t get sacked.

Tips On How To Run A Successful Foodstuff Business In Nigeria

Be sure that your shop is in a good location e.g at junctions, bustops, etc.
Sell quality foodstuffs
Offer some discount
Create a brand for yourself e.g God is good food shop , Man must chop enterprises, etc.
Always ensure to re-invest a percentage of your profit (e.g 50%) back into the business. Don’t eat all your profit.

List Of Profitable Foodstuff Business In Nigeria

Here is a list of food items you can stock your shop with for your foodstuff business in Nigeria.

Yam flour (Elubo)
Groundnut oil
Dried ground pepper, etc.

The beauty of running a foodstuff business in Nigeria is that you can run it as a side-hustle. You don’t have to quit your job. You can run alongside your job and improve the quality of your life.

Frequently Asked Questions

Is foodstuff business a profitable one in nigeria.

Yes. Foodstuff business is highly profitable. Everyone eats to survive and do their daily activities. You can never go out of business as a foodstuff seller. Once you can follow the tips explained in this post

What foodstuffs can sell the most in Nigeria?

How much do i need to start a foodstuff business in nigeria..

Foodstuff business in Nigeria can really be capital-intensive, that is if you want to make much profit. But you can always start with what you have and move up from there. If you have about 1 million naira or more, you can start a foodstuff business in Nigeria

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kemistri2022

Kemi is an SEO content writer and digital marketer. She is got a gifted pen and ready to use that pen to make others better. She is a part of joblisto team, a blog where you get all information you need about career and your dream job. Stay tuned!

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Looking to start a foodstuff business in Nigeria? Of course, it is a very lucrative business that anyone can venture into and make a living.

This business is one of the oldest businesses in Nigeria, in fact, it is the business that made Aliko Dangote a millionaire in his early business years.

The foodstuff business is a good source of daily income as we all need food in our daily lives. Therefore, it is certain that money will be made day in day out as a foodstuff seller in Nigeria.

Overall, the foodstuff business is a great one to look into in Nigeria. However, you need prior knowledge and an in-depth understanding of the business before you can even start.

That is why I have come up with this post to make it easy and show you how to start foodstuff business in Nigeria, food stuff business ideas, how to succeed in the business, and the dos and don’ts of the business.

Without further ado, let’s get started!

Table of Contents

About Foodstuff Business

Also known as the raw food business in Nigeria, the foodstuff business is a type of business where you sell products used to make food such as rice, semo, garri, beans, etc.

This business is very profitable as it generates consistent daily income from day one regardless of your location and environment. And this is because of the high demand in the daily usage of foodstuff and raw food materials in the country.

There is a large market for raw business in Nigeria as the foodstuff industry/market is one of the largest and most profitable in Nigeria. Whether with small or large start-up capital, you can start this business as long as you’re passionate about it.

Check Out: 35 Business You Can Start with 50,000 Naira in Nigeria and Become a Millionaire

List of The Best Foodstuff Business Ideas in Nigeria

Before starting a foodstuff business in Nigeria, it is ideal that you know the type of business you’re venturing into and what type of things you’re about to start selling.

Below are some of the best foodstuff business ideas in Nigeria:

Yam flour (Elubo)
Red and vegetable oil
Canned pepper

That is the list of foodstuff to sell in Nigeria. Now, let’s see how much you need to start foodstuffs business.

How Much Do You Need to Start a Foodstuff Business in Nigeria

Generally, the number one and most important thing needed in starting a business is good capital. This is because, the bigger your capital, the bigger your profits.

For the foodstuff business in Nigeria, you can start with relatively low capital and succeed. Also, if you have a bigger start-up fund, you’ll be very much welcome into the raw food business industry.

But what is the range? I mean what is the estimated start-up cost for a foodstuff business in Nigeria?

In Nigeria, you Can start a foodstuff business with as little as 100,000 Naira, and as much as 1 million Naira and above.

That simply means if you can raise from 100K and up to 500K and above, you can start a foodstuff business in Nigeria. Just keep in mind that your start-up cost will determine your profit margin.

Read Also: 35 Lucrative Businesses You Can Start with 100K in Nigeria

How Profitable is Foodstuff Business

Before starting a business, it is ideal that you know how profitable it is and if the profit margin of the business is good for you or not.

As I have been saying from the start of this article, the foodstuff business is very profitable in Nigeria. However, your business strategy plays a greater role in the profitability of this business.

From your business location to the types of stuff you sell, there are lots of things that determine how profitable your food stuff business will be in Nigeria.

However, if you’re asking; is foodstuff business profitable in Nigeria or what is foodstuff business profit margin in Nigeria, I’ve got an answer for you.

If you’re just starting out, you should be looking at a profit margin of 20% to 70%. And as your business grows, you should expect a little spike in your profit.

Related: How to Start Engine Oil Business in Nigeria

How to Start a Foodstuff Business in Nigeria

Here we are! Like I said earlier, starting a raw food business is very easy in Nigeria, as there is a daily increase in the use and need for food items, which is equivalent to daily revenue for the sellers.

The following is a step-by-step guide on how to start a foodstuff business in Nigeria:

1. Start with Market Research

The first step you need to take in starting a food stuff business in Nigeria is to carry out market research. This will help you have the basic and a little in-depth knowledge of how the business works.

In the raw food industry/market, your market research may start with the best selling type of foodstuff in your area, the price range, and the season or time of the year to except more sales, as well as factors that affect the business, its merit and demerits, plus the dos and don’ts of raw food business, especially in your area.

Even though we cover more of the market research processes in this post, there are still lots more to do by yourself on your own, since I don’t know where you live and how the business really works there.

So, you can approach some small foodstuff and provision stores, build a little business rapport, and make some findings.

Read Also: How to Make 500 For FREE Daily on the PalmPay app

2. Go with the Best Approach

Your business approach may mean a lot of things in Nigeria, regardless of its meaning to you, it all heavily depends on money (i.e your start up capital).

Depending on your capital, it would be good if you know your best approach and how to go about it. You cannot compare a business that started with 5 million naira with one that started with 100,000 Naira, I believe you know.

So, if you’re starting on a relatively low budget, you would want to limit yourself to a certain type of market. For example, you would want to stick with fewer foodstuff types, (Rice, Garri, Beans, Semo, Noodles, and eggs) are the best to start with, then you can scale as you make more sales, and have demands for other types of raw food items.

However, with a bigger start up capital, there is no limit to the type of foodstuff you can start selling, as your money can cover the cost. Although it is ideal to focus only on the fast moving ones

3. Get a Good Location

Just like other businesses, the location of where you sell your raw food items is a key factor in the success of your business.

As a foodstuff seller, the perfect place for your business if you want quick and easy sales is a market square. You can also find a space in students’ areas, and even in your street. You can’t situate your business on a highway roadside and expect many sales

Keep in mind that the most important factor to take note of while looking for a good location for your business is security. Make sure you take your time to look for a place with low criminal records, and also a place where there are no touts/hoodlums.

4. Find Good Suppliers

After spotting a good location for your business, the next thing is to find a good foodstuff supplier whom you can buy items from in bulk and at the cheapest wholesale price to make the most profits.

There are tons of raw food suppliers across every state in Nigeria therefore, getting one shouldn’t take much time. Just reach out to multiple of there, take your time to compare their prices and services, and then pick a maximum of two of the best ones to start with.

Don’t Miss The Most Lucrative Businesses You Can Start with 10K Right Now

5. Set up Business Place (Shop)

Once you get the best suppliers, the next thing on your list should be setting up your shop by making it look attractive and describing the types of products that you sell.

You’ll need a couple of tables placed outside of your shop to showcase what you sell in order to get people’s attention. More so, make sure you make space for items categorically so that it will be easier for you and customers to quickly spot products.

Also, add a little branding to your shop to make it stand out. E.g adding a name +foodstuff shop.

6. Start Selling Foodstuff

Now that your shop is well set up, what is left now is to fill it with stock and start selling. At this point, you’ll need to inform people around you about your business. This may be your friends, family, and even neighbours, and you can start driving sales little by little until you become more popular.

Keep in mind that you need to be friendly with customers while in a foodstuffs business and always try to offer the best prices possible, especially while you’re just starting out.

How to Succeed in Foodstuff Business in Nigeria

Succeeding in the foodstuff market is a little bit harder than starting the business. This is because there are lots of competitions especially if your shop is located in a market square or a well populated area such as a school, or motor park.

However, with a good business strategy, you could beat your competitors. Below are some of the ways to quickly succeed as a foodstuff seller in Nigeria.

Go with the best possible location in your area. This involves looking for a place where there is a reward to no competitors, but well populated.
Make your products stand out by offering the best services and best possible prices. Offering a discount is an ideal strategy here.
Collaborate with other like-minded foodstuff sellers in order to find out more about their business strategies including pricing, and marketing tactics.
Create brand/business awareness by branding your shop and making it popular by its name. e.g Mama Chisom foodstuff shop, Papa Ade raw food store, or Alhaji Musa food items shop.
Lastly, make sure you’re working with the best suppliers that offer discounts on bulk items, and possibly give out goods on credits.
Reinvest your profit into the business. If you make a 30% profit in the first month, instead of squandering it on unnecessary expenses, why not use it to expand your business?

Raw Food Business in Nigeria – FAQs

Is foodstuff business profitable in nigeria.

Yes, foodstuff business is profitable in Nigeria. With a profit margin ranging from 20% to 70%, you could make a living from it.

How do I set up a foodstuff shop?

To set up your foodstuff shop, all you need to do is make space for categories of different types of foodstuff items. For example, all rice related items, such as local, and feign rice should be in one place.

How much can I use to start foodstuff business?

You can start a foodstuff business with as little as N100,000 and above.

How do you succeed in foodstuff business?

You can succeed in the foodstuff business by using the best strategy including, getting the best location, selling at the best prices, reinvesting your profit into the business, and so on.

With the daily increase in demand for food stuff and raw food items in Nigeria, starting a business where you sell different types of food items is undoubtedly a good business you can do anywhere in Nigeria.

With this post, I believe you’ve known a lot about the foodstuff business in Nigeria, the list of foodstuff to sell, and how to start a foodstuff business in Nigeria, as well as the strategies to make your business a success.

Tags: Foodstuffs business in Nigeria How to arrange foodstuff shop in Nigeria

His name is Olatunde, he is the founder of Nairarush.com.ng. He is Nigerian who likes sharing information about anything about finance. And because he has been making money online for years now, he also share some information about investing, online business ideas, loans for students and businesses, and lots more.

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How To Start A Lucrative Foodstuff Supply Business in Nigeria and Africa: The Complete Guide

Foodstuff supply business in Nigeria and Africa is a highly lucrative venture due to the growing population and the increasing demand for foodstuffs. Nigeria, in particular, has a large market for foodstuffs due to its high population of over 200 million people. The country is one of the largest producers of food in Africa and is known for producing a wide range of food crops such as rice, cassava, maize, beans, yam, and vegetables. According to a report by the National Bureau of Statistics, agriculture contributes to over 25% of Nigeria’s GDP and employs about 70% of the country’s labor force.

The Food and Agriculture Organization (FAO) showed that Nigeria produced about 5.5 million metric tonnes of rice in 2020, making it the largest producer of rice in Africa. In addition, the country is also a major producer of cassava, producing about 54 million metric tonnes annually, which is about 20% of the global production.

The foodstuff supply business in Nigeria and Africa has a huge export potential. The growing demand for African foodstuffs in other parts of the world presents an excellent opportunity for exporters. In addition to the local market, there is a growing demand for African foodstuff in international markets. According to the African Development Bank, the global market for food and beverages is projected to reach $7.5 trillion by 2027. Nigeria has the potential to export various food items such as cassava, yam, maize, cocoa, and many more. The country, for instance, exported over $2.7 billion worth of agricultural products in 2019, according to the National Bureau of Statistics.

Foodstuff supply businesses involve the procurement and distribution of food items to wholesalers, retailers, and individuals. The supply chain can involve farmers, processors, transporters, and sellers. There is a need for efficient supply chain management, quality control, and proper storage facilities to ensure the quality of food products.

One of the major challenges faced by foodstuff supply businesses in Nigeria and Africa is the inadequate transportation infrastructure, which increases the cost of distribution. However, with the use of technology such as e-commerce platforms, the supply chain can be made more efficient, and customers can have access to a wide range of food items.

To start a foodstuff supply business in Nigeria and Africa, one needs to identify the market niche and have a good knowledge of the market. One can also consider partnering with local farmers and suppliers to get a steady supply of foodstuffs. With the right marketing strategies and supply chain management, the foodstuff supply business in Nigeria and Africa can be highly profitable.

See Also: 50+ Lucrative Farming and Agricultural Business Ideas In Nigeria And Africa

What Is Foodstuff?

Foodstuff is a term used to describe any material that is used as food for humans or animals. This includes both raw and processed foods such as grains, vegetables, fruits, meat, and dairy products.

See Also: How To Start A Lucrative Peanut Butter Production Business in Nigeria and Africa: The Complete Guide

What Is The Foodstuff Supply Business In Nigeria and Africa About?

Foodstuff supply business involves the sourcing, processing, and distribution of various food items to meet the demands of consumers. In Nigeria and Africa, foodstuff supply business has been a major source of income for farmers and entrepreneurs. Common food items traded in this business include grains, vegetables, fruits, meat, poultry, and fish. The goal is to provide nutritious and affordable food options to people in different regions.

To engage in foodstuff supply business in Nigeria and Africa, farmers need to engage in research to understand the types of crops and animals that grow well in different regions, and the best ways to process and package them for optimal storage and transport. This requires knowledge of current market trends, consumer preferences, and government regulations.

Production yield in the foodstuff supply business is dependent on the type of food item produced, farming techniques, weather conditions, and other factors. Farmers need to take measures to ensure consistent and efficient production to meet the demands of the market.

See Also: How To Start A Lucrative Walnut Farming Business In Nigeria and Africa: The Complete Guide

Benefits of The Foodstuff Supply Business In Nigeria and Africa

Employment creation: Foodstuff supply business creates jobs in the agriculture and transportation sectors, reducing unemployment rates.
Income generation: Farmers and foodstuff suppliers earn a steady income from the business, which contributes to economic growth and development.
Foreign exchange earnings: The exportation of foodstuff items such as cassava, yams, and beans generates foreign exchange for the country, enhancing Nigeria’s balance of payments.
Market linkages: The foodstuff supply business links farmers to local and international markets, promoting market opportunities and improving competitiveness.
Food security: Foodstuff supply business contributes to food security in Nigeria and Africa by ensuring the availability of food items in the market.
Poverty reduction: Smallholder farmers who supply foodstuff items can increase their income, improve their standard of living, and reduce poverty in their communities.
Improved technology adoption: The foodstuff supply business promotes the adoption of modern farming practices and improved technology, which enhances productivity and efficiency.
Supply chain development: The development of a robust supply chain in the foodstuff supply business increases efficiency, reduces waste, and improves profitability.
Rural development: Foodstuff supply business in rural areas contributes to the development of rural infrastructure and services, such as roads, healthcare, and education.
Improved nutrition: The availability of a variety of foodstuff items promotes balanced nutrition and health in Nigeria and Africa.
Agricultural diversification: The foodstuff supply business promotes the diversification of agricultural production in Nigeria and Africa, leading to increased income and food security.
Value addition: Foodstuff processing and packaging add value to the agricultural products, making them more attractive to consumers and increasing profitability.
Entrepreneurship development: The foodstuff supply business provides opportunities for entrepreneurship and business development, promoting economic growth and development.
Investment opportunities: The foodstuff supply business presents investment opportunities in agriculture, transportation, and other related sectors.
Regional integration: Foodstuff supply business promotes regional integration and trade among African countries, enhancing economic growth and development in the region.

See Also: 35+ Lucrative Small Business Ideas For Students And Undergraduates In Nigeria Or Africa

Health Benefits of Foodstuffs

Boosts immunity: Foodstuffs like fruits, vegetables, nuts, and grains are rich in vitamins and minerals that help to strengthen the immune system and reduce the risk of diseases.
Improves digestion: High-fiber foodstuffs such as beans, whole grains, and fruits help to promote digestive health and prevent constipation.
Reduces inflammation: Some foodstuffs such as turmeric, ginger, and omega-3 rich fish have anti-inflammatory properties that can help to alleviate chronic inflammation and associated diseases.
Lowers cholesterol: Some foodstuffs such as oats, beans, and nuts contain soluble fiber that can help to reduce bad cholesterol levels in the blood.
Regulates blood sugar: Foodstuffs like sweet potatoes, beans, and whole grains have a low glycemic index and can help to regulate blood sugar levels, making them beneficial for people with diabetes.
Promotes heart health: Some foodstuffs such as fatty fish, nuts, and olive oil are rich in healthy fats that can help to reduce the risk of heart diseases.
Improves brain function: Some foodstuffs such as blueberries, nuts, and fatty fish are rich in antioxidants and omega-3 fatty acids that can help to improve cognitive function.
Supports bone health: Foodstuffs like dairy products, leafy greens, and fortified foods are rich in calcium and vitamin D, which are essential for bone health.
Helps with weight management: High-fiber and protein-rich foodstuffs like vegetables, fruits, and lean protein sources can help to keep one full and promote weight loss.
Reduces the risk of cancer: Some foodstuffs such as cruciferous vegetables, berries, and tomatoes contain compounds that have been shown to have anti-cancer properties.
Boosts energy levels: Foodstuffs like fruits, whole grains, and lean proteins are rich in nutrients that can help to boost energy levels and reduce fatigue.
Promotes healthy skin: Some foodstuffs such as nuts, fish, and avocados are rich in healthy fats and antioxidants that can help to promote healthy skin.
Improves eye health: Foodstuffs like leafy greens, carrots, and citrus fruits are rich in vitamins and antioxidants that can help to protect eye health.
Promotes healthy hair: Some foodstuffs such as eggs, nuts, and avocados are rich in nutrients that can help to promote healthy hair growth.
Helps with stress management: Some foodstuffs such as dark chocolate, nuts, and fatty fish contain compounds that can help to reduce stress and anxiety levels.

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Business opportunities in the foodstuff supply business in nigeria and africa.

Export to other countries: There is a huge demand for foodstuff in other countries, particularly in Europe, Asia, and North America. Nigeria has the potential to become a major food exporter if the supply chain is properly developed.
Online grocery stores: With the rise of e-commerce, online grocery stores have become increasingly popular. Entrepreneurs can take advantage of this trend by creating an online platform for buying and selling foodstuffs.
Farm-to-table restaurants: Farm-to-table restaurants source their ingredients directly from local farms and producers. Entrepreneurs can establish a network of local farmers and suppliers to provide fresh, high-quality foodstuffs to these restaurants.
Food processing: There is a growing demand for processed foodstuffs such as frozen fruits and vegetables, canned goods, and dried fruits. Entrepreneurs can set up processing plants to add value to the raw materials and increase their shelf life.
Food packaging: Packaging is a critical aspect of foodstuff supply chain management. Entrepreneurs can establish businesses that provide innovative packaging solutions to reduce spoilage and waste.
Food delivery services: Many consumers prefer the convenience of having their groceries delivered to their doorstep. Entrepreneurs can establish food delivery services to meet this demand.
Foodstuff export consulting: Entrepreneurs can establish businesses that provide consulting services to help foodstuff producers and exporters navigate the complex export regulations and requirements.
Foodstuff transportation: Transportation is a critical aspect of the foodstuff supply chain. Entrepreneurs can establish logistics companies that specialize in transporting foodstuffs across the country or even internationally.
Agricultural equipment leasing: Many farmers cannot afford to purchase expensive agricultural equipment. Entrepreneurs can establish businesses that lease equipment such as tractors and harvesters to farmers.
Cold storage facilities: Foodstuffs such as fruits and vegetables require cold storage to prevent spoilage. Entrepreneurs can establish cold storage facilities to provide this service to farmers and producers.
Foodstuff brokerage: Entrepreneurs can establish businesses that act as intermediaries between foodstuff producers and buyers, connecting producers with potential buyers and negotiating prices.
Organic food production: With the growing demand for organic foodstuffs, entrepreneurs can establish organic farms and production facilities to supply this market.
Foodstuff education and training: Entrepreneurs can establish businesses that provide education and training to farmers and producers on best practices for growing and processing foodstuffs.
Foodstuff retail stores: Retail stores that specialize in foodstuffs can offer a wide variety of fresh produce, packaged goods, and other food products to consumers.
Foodstuff export financing: Entrepreneurs can establish financing companies that provide funding to foodstuff producers and exporters to help them expand their businesses and take advantage of export opportunities.

See Also: How To Start A Lucrative Cassava Flour Production Business In Nigeria and Africa: The Complete Guide

Facts About The Foodstuff Supply Business In Nigeria and Africa

The foodstuff supply business is a vital aspect of the agriculture sector in Nigeria and Africa.
Nigeria is the largest producer of cassava in the world, making it a major player in the foodstuff supply industry.
Other important food crops in Nigeria include maize, rice, yams, and beans.
The foodstuff supply business provides income for farmers, traders, and processors in the value chain.
It is a source of food security, ensuring that food is available and affordable to all.
Foodstuff supply businesses create jobs in the agricultural sector, reducing unemployment rates.
The foodstuff supply business contributes to the overall economic development of Nigeria and Africa.
It enables small-scale farmers to access wider markets, increasing their income and standard of living.
The foodstuff supply business provides opportunities for local and international trade.
It promotes innovation and technology in agriculture, leading to better yields and quality produce.
The foodstuff supply business can help to reduce rural-urban migration by providing viable economic opportunities in rural areas.
It supports the growth of small and medium-sized enterprises (SMEs) in the agricultural sector.
Foodstuff supply businesses can help to address food waste and loss by implementing efficient storage and processing techniques.
The foodstuff supply business can contribute to the attainment of the United Nations Sustainable Development Goals (SDGs) related to food security and poverty reduction.
It provides opportunities for value addition, leading to higher returns on investment.
Foodstuff supply businesses can leverage digital technologies to improve efficiency and access new markets.
The industry presents opportunities for collaboration and partnerships across the value chain.
The foodstuff supply business is resilient and can withstand economic shocks, making it a good investment option.
It can contribute to the diversification of Nigeria and Africa’s economy, reducing dependence on oil exports.
Foodstuff supply businesses can engage in corporate social responsibility activities, benefiting local communities.
The industry can contribute to the development of a sustainable agriculture sector, promoting environmental conservation.
It can encourage the adoption of good agricultural practices, leading to better crop yields and quality.
Foodstuff supply businesses can benefit from government policies and incentives, such as tax exemptions and subsidies.
The industry presents opportunities for entrepreneurship and innovation.
Foodstuff supply businesses can contribute to the development of a robust, integrated, and sustainable agricultural sector in Nigeria and Africa.

See Also: How To Start A Lucrative Bread Supply Business In Nigeria and Africa: The Complete Guide

Types Of Foodstuff Supply Businesses In Nigeria and Africa

There are various types of foodstuff supply businesses in Nigeria and Africa. Some of them are:

Wholesaling: This involves buying food products in large quantities from farmers, manufacturers, or distributors and selling them to retailers or institutional buyers.
Retailing: This type of foodstuff supply business involves selling food products directly to consumers through supermarkets, grocery stores, or online marketplaces.
Processing and packaging: This type of business involves processing and packaging raw food products, such as grains, fruits, and vegetables, into packaged goods ready for sale.
Exporting: This type of business involves shipping food products to other countries, where there is a demand for Nigerian and African food products, such as cassava, yams, and plantains.
Importing: This type of business involves importing food products from other countries to Nigeria and Africa, where there is a demand for foreign food products, such as rice, wheat, and processed foods.
Catering: This type of foodstuff supply business involves providing food services for events, such as weddings, parties, and corporate events.
Food truck business: This involves the sale of ready-to-eat food products from a mobile food truck.
Online food delivery: This type of business involves the delivery of food products ordered through online platforms.

These are just a few examples of the types of foodstuff supply businesses in Nigeria and Africa. The choice of business will depend on the entrepreneur’s interest, resources, and market demand.

See Also: How To Start A Lucrative Gum Arabic Farming Business in Nigeria and Africa: The Complete Guide

Types Of Foodstuffs In Nigeria and Africa

Foodstuff Supply Business in Nigeria and Africa involves a wide range of food products. Here are the types of foodstuff used for Foodstuff Supply Business:

Grains – These include rice, maize, sorghum, wheat, millet, and others. They are used for making various food products like bread, pasta, and snacks.
Vegetables – These include tomatoes, onions, peppers, carrots, spinach, cabbage, and others. They are used for making soups, stews, salads, and other dishes.
Fruits – These include oranges, pineapples, mangoes, bananas, apples, and others. They are used for making juices, smoothies, jams, and other products.
Meat and Poultry – These include beef, chicken, turkey, goat, sheep, and others. They are used for making various dishes like soups, stews, barbecue, and others.
Seafood – These include fish, shrimps, crabs, lobsters, and others. They are used for making various dishes like stews, soups, and others.
Spices and Herbs – These include ginger, garlic, thyme, basil, curry, and others. They are used for flavoring various dishes.
Dairy Products – These include milk, cheese, butter, yogurt, and others. They are used for making various dishes like cakes, pastries, and others.
Oil and Fats – These include palm oil, vegetable oil, olive oil, butter, and others. They are used for cooking and making various dishes.

See Also: How To Start A Lucrative Gum Arabic Powder Production Business in Nigeria and Africa: The Complete Guide

The Peak Season For The Foodstuff Supply Business In Nigeria and Africa

Foodstuff supply business is a year-round venture, as the demand for food is constant throughout the year. However, there are certain seasonal variations that affect the supply and demand of certain food items. For example, during the rainy season in Nigeria and other parts of Africa, the supply of fresh vegetables and fruits tends to be more abundant, while during the dry season, the supply of these items may decrease. Similarly, during the harvest season for crops such as maize, rice, and beans, there is an increase in supply and a decrease in prices, while the opposite occurs during the off-season.

Additionally, certain religious holidays and cultural events may affect the demand for specific food items. For example, during the Muslim holiday of Eid al-Fitr, there is a high demand for dates, while during Christmas, there is a high demand for items such as chicken, turkey, and baking ingredients.

It is important for foodstuff supply businesses to be aware of these seasonal variations and adjust their inventory and prices accordingly to ensure consistent supply and meet the demand of their customers.

See Also: How To Start A Lucrative Dried And Smoked Catfish Production Business In Nigeria and Africa: The Complete Guide

How To Start The Foodstuff Supply Business In Nigeria and Africa: Step-By-Step Guide

Starting a foodstuff supply business in Nigeria and Africa can be a profitable venture, as the food market is always in demand. Here is a step-by-step guide on how to start a foodstuff supply business in Nigeria and Africa:

Conduct Market Research: Carry out research to determine the products that are in high demand in the market, as well as the competitors and their prices.
Choose a Niche: Decide on the type of foodstuff you want to supply, such as grains, vegetables, fruits, or spices.
Develop a Business Plan: Create a comprehensive business plan that outlines your business goals, target market, marketing strategies, and financial projections.
Register Your Business: Register your business with the Corporate Affairs Commission and obtain all necessary permits and licenses required to operate a foodstuff supply business in Nigeria and Africa.
Source for Suppliers: Find reliable and affordable suppliers for your foodstuff products.
Establish Distribution Channels: Decide on the channels through which you will supply your foodstuff, such as wholesalers, retailers, or online stores.
Develop Marketing Strategies: Create marketing strategies to promote your business and reach your target market.
Launch Your Business: Finally, launch your foodstuff supply business and continue to monitor and adjust your strategies to ensure its success.

See Also: How To Write The Perfect Business Plan In Nigeria and Africa That Will Get Funded: The Complete Guide

How To Process Foodstuff In Nigeria or Africa

Processing and packaging foodstuffs in Nigeria and Africa can be a lucrative business, given the high demand for locally sourced food items. Here is a step-by-step guide on how to process and package foodstuffs:

Sourcing: Source the raw food items from farmers, markets or food hubs.
Cleaning: Clean and sort the food items to remove dirt, stones and other foreign particles.
Pre-processing: Depending on the food item, you may need to do some pre-processing, such as peeling, chopping, blanching, or boiling.
Packaging: Once the food items are ready, package them in attractive and functional packaging materials. This could be in polythene bags, plastic containers, jars, or paper bags.
Labelling: Label the packages with the name of the food item, weight, expiry date, and other necessary information.
Storage: Store the packaged food items in a cool and dry place to preserve their quality.
Marketing: Develop a marketing strategy to promote your products and reach your target customers. Consider using social media, online marketplaces, or traditional marketing channels such as word of mouth and local markets.

By following these steps, you can start a successful foodstuff supply business in Nigeria and Africa.

See Also: How To Start A Lucrative Apple Farming Business In Nigeria and Africa: The Complete Guide

Types Of Equipment & Tools Used In The Foodstuff Supply Business In Nigeria or Africa

Equipment used in foodstuff processing and packaging depends on the type of food being produced. Here is a general list of equipment that can be used in foodstuff processing and packaging:

Grinders: Grinders are used to process food items such as grains, beans, and spices into powder form.
Scales: Scales are used to measure the weight of food items accurately.
Mixers: Mixers are used to blend various food ingredients together. They come in different sizes and types depending on the production capacity.
Ovens: Ovens are used for baking and roasting food items such as bread, cakes, and meats.
Filling machines: Filling machines are used to fill containers with food products. They come in various types, including volumetric fillers, auger fillers, and piston fillers.
Sealing machines: Sealing machines are used to seal containers after filling. They come in different types, including induction sealers, vacuum sealers, and heat sealers.
Labeling machines: Labeling machines are used to label containers with product information, such as the name of the product, ingredients, and nutritional information.
Conveyor belts: Conveyor belts are used to transport food items from one area of the production process to another.
Packaging machines: Packaging machines are used to package finished food products into boxes, bags, or other forms of packaging.

These are just some of the equipment that can be used in foodstuff processing and packaging. The specific equipment needed will depend on the type of food being produced and the scale of production.

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Target Market For The Foodstuff Supply Business In Nigeria or Africa

Target Market for Foodstuff Supply Business in Nigeria and Africa

Local households: The local households are the primary target market for foodstuff supply businesses in Nigeria and Africa. This includes households in rural and urban areas who require a regular supply of fresh and dry food items.
Restaurants and hotels: Restaurants and hotels are major consumers of foodstuff in Nigeria and Africa. They require large quantities of food items to prepare meals for their customers. Foodstuff suppliers can establish long-term contracts with these establishments to ensure a consistent supply of food items.
Supermarkets and grocery stores: Supermarkets and grocery stores are also potential customers for foodstuff supply businesses. They require a variety of food items to stock their shelves and meet the demands of their customers.
Food processing companies: Food processing companies require a steady supply of raw materials to produce finished food products. They may also require specialized food items that are not readily available in the local market.
Export market: The export market is also a potential target for foodstuff supply businesses in Nigeria and Africa. The demand for African food products is increasing globally, particularly for organic and locally sourced items.

See Also: How To Start A Lucrative Import/Export Business In Nigeria and Africa: The Complete Guide

How To Sell or Market Foodstuffs In Nigeria or Africa

Develop a strong brand identity: This includes creating a logo, designing packaging, and developing a unique selling proposition to differentiate your product from competitors.
Utilize social media: Social media platforms like Facebook, Twitter, and Instagram can be used to create a brand presence, share product information, and connect with customers.
Participate in trade shows: Trade shows provide an opportunity to showcase products and network with potential buyers and suppliers.
Establish relationships with retailers: Work with supermarkets, specialty stores, and other retailers to stock and sell your products.
Offer product samples: Providing free product samples can be a powerful marketing tool to encourage customers to try your product.
Create engaging product videos: Produce videos that showcase your product, highlight its benefits, and educate consumers on its uses.
Develop a referral program: Encourage current customers to refer friends and family to your products by offering discounts or other incentives.
Use influencer marketing: Collaborate with social media influencers to promote your products to their followers.
Offer discounts and promotions: Use limited-time offers, coupons, and other promotions to encourage customers to try your products.
Utilize email marketing: Build an email list and use targeted email campaigns to keep customers informed of new products and promotions.
Provide exceptional customer service: Positive word of mouth can go a long way in promoting your products and brand.
Develop partnerships with complementary businesses: Partner with businesses that offer complementary products to cross-promote each other’s products.
Sponsor local events: Sponsor local events such as food festivals or farmers markets to gain exposure and connect with potential customers.
Create recipe videos: Share recipe videos that feature your products and highlight their versatility in cooking and baking.
Collaborate with food bloggers: Work with food bloggers to showcase your products in recipe posts and reviews.
Use paid advertising: Consider using paid advertising on social media platforms or through Google AdWords to reach a wider audience.
Create educational content: Develop blog posts, e-books, or other educational content that educates consumers on the benefits of your products.
Participate in community events: Participate in community events such as food drives or charitable events to build goodwill and connect with potential customers.
Create a loyalty program: Offer rewards and incentives to repeat customers to encourage loyalty and repeat business.
Use search engine optimization (SEO): Optimize your website and product listings to improve search engine rankings and drive traffic to your website.
Offer bulk purchasing options: Offer bulk purchasing options for customers who want to buy larger quantities of your products.
Provide free shipping: Consider offering free shipping to incentivize customers to make a purchase.
Utilize local advertising: Use local newspapers, magazines, or radio stations to advertise your products and brand.
Develop seasonal promotions: Create promotions that are timed to coincide with holidays or other seasonal events.
Leverage customer reviews: Encourage customers to leave reviews on your website or social media pages and use them to showcase the benefits of your products.

See Also: How To Start A Lucrative Lettuce Farming Business In Nigeria: The Complete Guide

Challenges Of The Foodstuff Supply Business In Nigeria and Africa

Poor infrastructure: Lack of good road networks, poor storage facilities, and limited access to electricity can be a major challenge for foodstuff supply businesses in Nigeria and Africa.
Inconsistent government policies: The inconsistent government policies can affect the foodstuff supply business in terms of importation policies and exportation.
Inadequate funding: Lack of adequate funding can hinder the growth and expansion of foodstuff supply businesses.
Competition: The foodstuff supply business is a highly competitive industry, and new entrants may find it difficult to break into the market.
Seasonal changes: The availability of foodstuffs is seasonal, which can affect the supply chain, especially for perishable goods.
High cost of transportation: The cost of transportation can be high, especially for perishable goods, which require special handling.
Inadequate storage facilities: Lack of adequate storage facilities can lead to spoilage of perishable goods, resulting in financial loss.
Inadequate knowledge of the market: Lack of adequate knowledge of the market can lead to poor decision-making and ultimately business failure.
Inconsistent supply from farmers: Farmers may not be able to meet the demand of the foodstuff supply business due to various factors such as weather conditions and lack of adequate funding.
Insufficient workforce: A lack of adequate workforce can affect the delivery of goods and services.
Cultural and language barriers: Cultural and language barriers can be a challenge for foodstuff supply businesses that operate in regions with diverse cultures and languages.
Health and safety concerns: There are health and safety concerns when it comes to handling and processing foodstuffs.
Lack of access to credit facilities: Lack of access to credit facilities can limit the growth and expansion of foodstuff supply businesses.
Political instability: Political instability can affect the supply chain and transportation of foodstuffs.
Theft and vandalism: Theft and vandalism can lead to financial loss and disruption of the supply chain.
Price fluctuations: The prices of foodstuffs can be unpredictable, which can affect the profitability of the business.
Poor packaging and labeling: Poor packaging and labeling can lead to damage to goods and loss of revenue.
Inadequate government support: The lack of adequate government support can hinder the growth and expansion of foodstuff supply businesses.
Lack of market research: Lack of market research can lead to poor decision-making, which can affect the profitability of the business.
Inadequate distribution network: Lack of an adequate distribution network can hinder the delivery of goods to customers.
Climate change: Climate change can affect the availability of foodstuffs, resulting in a disruption of the supply chain.
Pests and diseases: Pests and diseases can affect the quality of foodstuffs, resulting in financial loss.
Natural disasters: Natural disasters such as floods and droughts can affect the availability of foodstuffs, resulting in a disruption of the supply chain.
Lack of quality control: Lack of quality control can lead to the supply of substandard goods, which can damage the reputation of the business.
Inadequate communication: Inadequate communication can lead to misunderstandings, which can affect the delivery of goods and services.

See Also: How To Start A Lucrative Moringa Farming Business In Nigeria and Africa: The Complete Guide

To Sum It Up

The foodstuff supply business in Nigeria and Africa is a lucrative and viable business opportunity. With a large and growing population and a high demand for food, there is always a need for food suppliers who can provide quality and affordable food products. However, starting and running a successful foodstuff supply business in Nigeria and Africa requires careful planning, market research, and a strong understanding of the industry.

To succeed in this business, it is important to focus on building strong relationships with suppliers, distributors, and customers, and to invest in quality equipment and logistics to ensure timely and efficient delivery. It is also important to keep up with market trends and consumer preferences, and to be flexible and adaptable to changing market conditions.

By following the steps outlined in this guide, aspiring entrepreneurs can set themselves up for success in the foodstuff supply business in Nigeria and Africa, and contribute to the growth and development of the local food industry.

See Also: How To Start A Business In Nigeria and Africa: The Complete Guide

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What are your thoughts on how to start a Foodstuff Supply Business in Nigeria and Africa? Let me know by leaving a comment below.

How to Start a Foodstuff Business in Nigeria

by EMMA ONWUKA
July 2, 2022

Foodstuff business in Nigeria is a highly lucrative business just like the provision store . The business is also known as raw food business. It is a quick-to-start type of business. Foodstuffs like beans, rice, garri, grayfish, etc are fast selling food items but must be preserved properly to avoid spoilage and lost of capital. Most successful business men in Nigeria like Aliko Dangote and Oji Uzo Kalu started out with foodstuffs business.

How to start foodstufff business in Nigeria

Buying and selling of foodstuff can be done in store or open space near residential areas, open market places and can even be taken online. It is business every serious business-minded individual can start. The amount you have or your capital will determine your level of entry into the business. If you have huge capital like ten million naira, you can start the foodstuff business on a wholesale or distributor level . But with small amount of capital, you can only buy from wholesalers and sell to retailers and consumers.

To succeed in foodstuff business, you need to engage yourself in apprenticeship training with a reputable or successful foodstuff businessmen or women for 6 – 12 months. This will help to expose you to the hidden secrets of the business and also enable you to handle large supplies when they start coming.

This was how Aliko Dangote, the richest man in Nigeria and Ojiruzo Kalu did during their days of their humble being. Kalu was passionate about buying and selling that when he was expelled out of school, he borrowed money from his mother to start palm oil business. He will buy form the eastern part of Nigeria and sell it in the north. Today he is one of the most successful business men in Nigeria. One the other hand, Aliko Dangote discovered his passion for buying and selling while in school. He first started by buying and selling sweets to his mates and also helping his uncle “Dantata” in his shop to sell foodstuffs. He took his time to understand the business while assisting his uncle in his business. He later borrowed money from his uncle to start his own food stuff business and now he is the richest man not only in Nigeria but in Africa.

Table of Contents

So if you’re passionate about foodstuff business, follow the below steps to start it:

Step to Start Foodstuff Business in Nigeria

Get capital for your foodstuff store.

To get started with foodstuff business, the first thing to do is to get capital for the business. It is best to self-fund the business rather than borrowing money to fund the business. But if you must borrow money, ensure you borrow from a reliable source or money lender you know will not disturb you on daily basis. Some months ago, I showed you how to source fund to start a business , if you like you can check that out.

Foodstuff business or raw food business does not require any specific amount as start up capital. But on a low scale, you can start a foodstuff business in Nigeria with a capital of N500, 000 – N1000,000 . On a medium scale level, you’ll need like N2,000, 000 – N5,000, 000 and then on large scale N10, 000, 000 and above. We’re often times sceptical in discussing capital requirement for any business. This is because the amount of capital you’ll need to start foodstuff business for instance in the rural area will never be the same amount you require to start the same foodstuff business in the urban area. And even within two nearby cities or town, the capital requirement for starting the foodstuff business will never be the same. So the best solution is to go out there (within your location) to sort out the prices of food items.

Do Market Survey

The next step to take to start a profitable foodstuff business is to do market survey. Aside the information we shared on this article, you’ll still need you to do your own market findings as regards food stuff business. This is very important because the rate of food items in market changes every day and you can’t rely on old price of items. Again, the price of things varies from one location to another. We always encourage our reader to do their own marketing findings on any business we share on our website. So while we try to show you everything you need to start profitable foodstuff business, do your own market research and get acquitted with the current trending in the market

Rent a Shop/Warehouse

Another important step to take when starting foodstuff business is renting a good shop. Renting a good shop is very essential as you cannot afford to risk your goods to things that can easily get them spoil or damage. If you’re going into a wholesale foodstuff business, it is best you rent a warehouse instead of a shop. The large space will give you the opportunity to buy bulk foodstuff items without fear of spoilage. And you should ensure the shop is protected from pest and rodents that can destroy many of the foodstuff and also sun which can cause deterioration of the foodstuffs. Things to take into consideration when Renting Shop for foodstuff business include:

Good location : the location of the business has to do with where you situate your foodstuff business. It has to be strategic area within a dense residential vicinity or dense populated open market. A good location is necessary because it has a lot do with how customers can locate your business, easily. Your shop should be a strategic location , a point where thousands of your anticipated customers will pass every day.
Money for Shop Rent : after getting a good location, you should also consider how much you’ll pay for the first few months. This money is most times taken from your capital and to make it logical, it must not pass more than 15% – 35% of your capital. For instance, if the capital you have set aside for your foodstuff business is N1.5M this means that the money for the yearly rent for your shop must not exceed N350K.
Shop Space : does the shop have enough space? Can it contain bulk foodstuff now and able to contain more foodstuff in the nearby future when the business starts growing?

Buy your Foodstuff in Bulk

It is actually impossible to sell all different types of foodstuff unless you are sure that you can really handle every part of it. Even the business mogul like Dangote did not go into the sale of all types of foodstuff when he started. He started with few foodstuffs. So, you can start by buying few foodstuffs in bulk. Buy from a manufacturer or wholesaler so that you will be sure you’re buying at the lowest price. If buy the foodstuff in bulk, you can be sure of big profit margin after sales.

Stock your store

When stocking your foodstuff store you need to be extra careful because the way you place your foodstuff will determine how long it will last for you before it will get spoil. When you store the foodstuff very well in your shop, it will last long and you will sell them in good condition.

Before storing or stocking of your shop, you should make sure that the floor is dry enough. Do not place the foodstuff on bare floor and count it while packing it to make sure none was missing during transport.

Start selling

At this stage, you need to tell your friends, family and neighbours about your new business so that they can start patronizing you from the day you start. As a way of introducing your foodstuff business to the people, you can do “an open business ceremony”. Again, to gain more potential customers; you can carry out price slash on food items as against your competitors. For example, if one bottle of red oil is sold at N800 by other sellers, you can start selling at the rate N750 per bottle. This will attract more customers to your shop.

And because your shop is strategically located, you’ll start selling immediately.

Read also: 15 Fast Moving Consumer food products in Nigeria

List of Food Items to Sell in Nigeria:

Garri (white and yellow)
Oil (Red and Groundnut)
Seasoning cubes

Is Foodstuff business Profitable

Yes! If you go into raw food business in Nigeria directly or indirectly you are going to make big profit whether you start in small or large scale. But the more money you invest in the business, the bigger the profit you’ll be making. You cannot compare the profit of someone that invest N400,000 foodstuff business with someone started with N1,000,000 (one Million). Obviously, the person that start with N1M will make more profits than the person that started with N400,000. But you start either small or big . Don’t be pushed to start big if you can’t afford it. Go and start with whatever you have and grow the business.

Read: How to setup a restaurant business in Nigeria (Costs & requirements)

Foodstuff business is one of the good businesses we have in Nigeria but you have to position yourself properly to enable your business to grow. And to grow your business you have to continuously re-invest your profit. And to avoid damage cause by rodents and pests ensure you close every holes in your shop both on the floors and on the walls so that rodents will not gain no entrance into your shop

3 thoughts on “How to Start a Foodstuff Business in Nigeria”

I want to learn more on how to preserve the goods that are easily perishable

I will want to do this business but I am looking for a better place to stay and do this business

Wishing you Success as you kick-start the business!

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How to start a foodstuff business in Nigeria (Full Guide)

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What is Foodstuff Business

How do I start a foodstuff business
Is foodstuff business lucrative in Nigeria

How much do I need to start A foodstuff business

How to maximize profit in foodstuff business, how do i start a foodstuff business.

Decide on what foodstuff you can sell considering few basics, where to buy, how to sale and who to sell to.
Consider starting as a retailer or wholesaler (you need a good capital to be a wholesaler).
Enquire about the price of foodstuff business you wish to start (That's the only way to get the accurate amount you need to start the business).
You must work on the demand and the availability of the food item you want to specialize in.

Is foodstuff business lucrative in Nigeria?

Re: How to start a foodstuff business in Nigeria (Full Guide)

I am so engrossed with the article but I have s question. Q. Mile 12 & Daleko markets are they different from Alaba rago, Ojo markets etc. I mean in terms of cheap market for beans, rice, veg. Oil etc. Once again thanks for the article it is very educative which I want to work on.

Joy Anienwe

Good afternoon. I just read your write-up on how to start foodstuffs bhusiness. The steps to starting the business and the challenges one may encounter and I thank you for putting that up, but I have some concerns because you did mention the areas I'm seriously looking forward to . My questions are: 1. Where do stuffs like; tin and sachet tomatoes, seasonings of all types, canned foods, spices of all types, groundnut oils, semo, spaghetti, noddles, etc fall in? Are they not also foodstuffs? Or do you have another name for them? 2. Why are they not included and discussed as foodstuffs? I asked because I have been searching the net to gather infos but to no avail. I only see raw foodstuffs like the ones you discussed. 3. Could you please help treat this area of business, how to go about it and starting in wholesale as I'm looking forward to starting it pretty soon. Thanks for your help and support. God bless you.

Esther Samuel

Oluwatomiwa, how to start a foodstuff business in nigeria, gloria eloho, olubunmi ajike, sarah winnie, quick reply.

Requirements And Cost Of Starting A Foodstuff Business In Nigeria

Foodstuff business is one of the hottest trending business in the food industry in Nigeria with a continuous growth. You might not know how profitable starting a foodstuff business in Nigeria can be. But opening this business is the best decision ever.

Like any other businesses, Foodstuff business requires adequate research and planning to get started. However, it requires inspections, market analysis and marketing strategies before venturing into this food industry.

Starting a foodstuff business in Nigeria has enormous contribution to your area. Foodstuff business entails about providing a place to buy healthy food related products like beans, rice, millet, corns, etc.

How To Start A Foodstuff Business In Nigeria

Below are some things to consider when starting a foodstuff business:

1. Choose Your Niche

You have to decide the type of foodstuff you want to sell. Here are variety of foodstuff related options to consider; beans, rice, millets, garri, corns, tomatoes, crayfish, baking materials. You can focus on specific markets like baking materials, pepper and tomatoes niche, etc.

2. Conduct Market Research

It is very important to conduct a market research before starting a foodstuff business in Nigeria as the food industry is very competitive.

Market research gives you an opportunity to analyse the food industry and a grab what works and what doesn’t work. If you can’t conduct a market research, use the people you know to analyse what works most in your area of specification.

3. Prepare A Good Business Plan

Draft out a long and short term business plan that can guide your business. This does not only help you to develop your business but it is important for securing finances, insurance and investors.

Write out the aims, goals and objectives for your foodstuff business, and also the type of finance that will be needed, and how it will help your business. Also attach your marketing strategies and how to workout with it in your business plan.

Your business plan is essential to take a vague idea for your foodstuff business with a more solid plan for accomplishing it. If you are not experienced in creating the best business plan for your business then you will need the service of an expert to help you out.

4. Register Your Business

If you are planning to expand big, it will be a good idea to register your business as customers tend to trust a registered business. Also obtain permits and licences for your foodstuff business. Ask local authorities about the required steps needed. You can consult other foodstuffs seller as to ensure you obtain the right licences and certificates.

The requirements for permits and licences varies from state-to-state. However, you will probably need proof of ownership, record-keeping, inspection report, etc.

5. Buy A Delivery Truck

Though, it depends on the scale you want to run your foodstuff business, if eventually you decided to provide a delivery services you will need to buy a delivery vehicle for that.

Buy vehicle that can carry your supplies and serve your customers, Note that: having a vehicle can help in attracting more customers and making the work easier for you.

If your capital isn’t enough to purchase a vehicle you can consider hiring (renting) a used vehicle in order to save out some cash.

6. Getting A Supplier

You will need to work with suppliers to supply food stuff to your shop. Investigate by calling multiple suppliers and ask questions about their price rate then check out the best rate that fits your criteria, Ensure that the quality of the product to be supplied are good as well as the quality of their services.

The best way to negotiate and also making more profits is by buying in bulks from suppliers. Shop at warehouse or companies that sell foodstuff in large quantities. It is very important to buy in bulks before selling to your customers if eventually you want to make a reasonable profit.

Don’t forget to establish a good customer relationship and services with your customers, so that there will be a sincere transactions always.

7. Setting Up Your Own Price

This is very important to all foodstuff sellers. At this point, you need to setup a price structure for your foodstuffs.Your charges should be estimated to cover all operational cost and to make profit.

Also figure out the ranges of prices from other foodstuffs sellers in order to fit in your own price. This is one of the factors to consider before setting up your food stuff price. Ensure that they are related and similar to other foodstuff vendors in your area.

8. Set Up Your Payment Structure

After setting up your prices and cost for each foodstuff, Establish an invoicing and payment system. You have to come up with the payment system and how to give out receipt for payments (any transaction). Be transparent in your prices with your customers and vendors.

9. Hire Staff

Depending on the scale, most especially your capital for projection, You may need a helping hands to run your foodstuff business. So you have to hire potential employees to assist you in the business.

10. Implement Your Marketing Strategy

Social media and word-of-mouth are the major key marketing strategies to implement. Hooking your potential customers with the best prices and discounts can help attract a wide array of customers.

Maintain a strong and good customer relationships so as to attract more clients. Always pay close attention to your customer’s demands and suggestions, And eventually know how to correct some of your services.

Cost Of Starting A Foodstuff Business In Nigeria

Foodstuff business is a fast-growing trend in the food industry in Nigeria. And thereby the exact amount needed to start a foodstuff business varies according to the processes it took before being established.

Starting a foodstuff business in Nigeria might cost between $750 to $8000 on a minimum startup cost.

How To Start A Foodstuff Business In Lagos, 2024, Foodstuff Business Ideas

As the population in Lagos keeps growing, foodstuffs become more expensive and in this guide, we shall share with you how to start a foodstuff business in Lagos.

The foodstuff business is one of the most profitable businesses in Lagos. Starting the business does not need much capital.

Foodstuff is the most important primary need of many people not only in Lagos but also worldwide.

With the high population in Lagos, there is a need for having foodstuff.

Table of Contents

Reasons Why Would You Should Start A Foodstuff Business In Lagos

There is high demand for foodstuffs. As you may be aware, food is required for human sustainability. People cannot stay without food.
You can easily make a profit from the business. Foodstuff, as the basic human requirement it should make your business profitable.
A foodstuff business can be located anywhere regardless of local.
There are no seasons for foodstuffs.

How To Start A Foodstuff Business In Lagos

1. Have an idea of what foodstuff or what you want to sell. Some factors will determine what foodstuff you will sell in a specific locality.

2. The capital is required to start the business. The food staff to be sold will determine the capital you will need. Some foodstuffs require a large capital compared to others.

3. Have a business location in mind. You can sell your foodstuff anywhere. What you need to control is the price of the foodstuff.

Both local and urban areas in Lagos are suitable for the foodstuff business.

4. Have a business plan. A business plan helps the business get organized. It helps you know what kind of foodstuffs you can sell.

Things You Need Before Starting A Foodstuff Business In Lagos

Tables – this is used for displaying items to customers
Refrigerators – used for keeping drinks cool
Lights – helps keep the business illuminated
A shelf – used to store items that are on the business premises. Somewhere where customers can see the item

High Deman Foodstuff In Lagos You Can Sell

The following are some of the foodstuffs that people buy most in Lagos:

Pounded yam
Garri – a common staple food

Significant Factors You Must Consider To Make Your Foodstuffs Business Successful

Start with small things. Handle things that you can maintain or organize very well.
You can start small and expand as time goes.
Have a great packaging design.
Create a design for the packaging of your products.
How you package your products can help you maintain customers.
Advertise what you are selling.
Let people know what kind of foodstuff you are selling and their prices.
Try to change over the business period.
You can keep changing depending on the customer’s feedback.
The relationship between the buyer and seller is very important.

That is all we have for you on how to start foodstuff business in Lagos.

How to Start Foodstuff Business in Nigeria

Here are the steps to take when starting a raw foodstuff business.

There are many businesses within the agricultural industry. One of such is the foodstuff business . Foodstuff businesses cover domestic supply and international export.

Although so much potential exists, kick starting the process is where the problem lies for many. We hope to proffer solutions to such problems by showing you just how to start a foodstuff business.

Food Security and How It Affects Food Business

Food security is almost guaranteed in first world nations. However, the same cannot be said of 2 nd and most especially third world nations. This is mostly due to crude forms of agricultural production techniques amongst others.

Food processing facilities are also in short supply. In view of these factors, foodstuff businesses encounter significant risks.

Starting a Wholesale Foodstuff Business

Starting a food business requires several structures to be in place. These are crucial to your success. Hence, this section of the article will highlight them. These include the following;

Understanding the Forces of Supply and Demand

It’s no secret that humans need food to survive. This makes food a basic human need. While this is true, there’s also the need to understand the forces of demand and supply. Certain food products are seasonal. The demands for these may be periodic.

Still yet, the prices of foodstuff are influenced by market trends and forces. This brings us back to the issue of supply and demand.

To succeed, you’d need to understand what food products attract the most demand at what time of year. In addition to this, certain foods are found in specific regions. These need to be exchanged for other food products.

By finding what these are, you will be well on your way to realizing your goal.

Interact with Other Foodstuff Business Owners

Existing foodstuff business owners have a wealth of experience. This can be leveraged on by interacting with them.

The aim is to avoid making costly mistakes they themselves have made in the past. But easy as it may seem, foodstuff business owners may not be forthcoming with information.

One of the reasons may be due to their perception of your business as a competition.

To avoid such scenario, you can speak to those outside your territory. Of course you’d need to inform them of where you intend to locate your business. This may make them open up to you.

Raising the Capital Required

Food business is capital intensive. This means you need to raise adequate funding to cover all your startup and operational costs. Capital should be sufficient to rent a store, procure equipment as well as your inventory. Running costs are also necessary. They cover payment of utilities, wages, maintenance etc.

Your Food Business Plan

Having understood the dynamics of foodstuff business, the need to plan arises. Planning encompasses all areas of the business. These include your choice of food products, financial projections, and marketing. Others include a test of strength and weakness, identifying and understanding your market as well as identifying sources of funding among others.

The more thorough your food business plan , the better chance your venture has to excel. But its full implementation is as important. There will never be real growth without a full commitment to its implementation.

Renting a Store or Space

This is one of the essential requirements for your foodstuff business. You need a strategically located store to display your products. Therefore, your location counts.

In other words, where you choose to locate your store will impact on sales. We recommend areas with a lot of foot traffic. Malls offer perfect locations.

Buying the Right Equipment

Did I just mention equipment? Yes, you heard right! Certain equipment are a necessity for foodstuff businesses.

These may include cold rooms , shelves, tables, POS machines, and adequate storage space among others.

These enable smooth transaction of business.

Who are your Suppliers and Distributors?

The answer to this question depends on your scale of operation. If you’ll be selling directly to end consumers, then there’s no need for distributors. Both suppliers and distributors are crucial to the success of your foodstuff business.

This has to be properly worked out before setting sail.

However, not every supplier or distributor qualifies to do business with. Doing a thorough scrutiny will reveal the advantages some have over others. This is done with the aim of working with the best people to grow your foodstuff business.

Growing your Brand

You have a name and reputation to protect when starting out. In other words, you want your business to be remembered for the right reasons. But growing a solid brand doesn’t come easy. Deliberate effort needs to be put towards achieving such lofty goals.

Therefore, quality products and service delivery need to be the central focus of your operations.

When this is done consistently over time, you create a dedicated and loyal customer base. These will have total trust in your ability to offer the best product and service.

Hiring your Workforce

Your foodstuff business is expected to grow at some point. This will require additional hands to function effectively.

So, the need to hire arises. But not everyone is fit to join your workforce. Hence the need to closely scrutinize those you hire. Persons having some level of experience in foodstuff retail should make ideal candidates.

But not everyone has the experience right? Under such circumstances, hire those willing to learn on the job. This is of the utmost importance because your staff are a reflection of your business.

As we’ve seen, starting a foodstuff business requires a great deal of planning. We have tried to capture as much information as required. These steps, once followed diligently provide clarity and enable you establish and grow your young business.

Step-By-Step Guide How To Start Foodstuff Business In Nigeria

Why Start A Foodstuffs Business In Nigeria?

• it is in high demand, • it can be done anywhere, • it can be done in any season, • you can make profit from the business, how to start foodstuff selling business in nigeria, before you venture into the foodstuff selling business, here are a few things you need to know:, • decide on the foodstuff you'd be selling, • your capital, • decide on a business location, • prepare a business plan, • set up your business location, • advertise your business, • buy the foodstuff, other things you need to know about running your business:, • a delivery van, • register your business, • hire employees, • have a website, things you need to start a foodstuff business in nigeria, challenges of foodstuff business in nigeria, • fluctuating prices, • relying on third party suppliers.

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Business Ideas

How to start foodstuff business in nigeria.

Foodstuff business in Nigeria also known as the raw food business in Nigeria is a lucrative business. It is a profitable business because it was the business that made Aliko Dangote a millionaire in Nigeria. The foodstuff business or grain business is a daily income business in Nigeria and because it is a daily income business this means that you will make money every day, day in day out, week in week out.

Foodstuff business is also a lucrative business in Nigeria because it has to do with goods Nigerians cannot do without every day. Every day Nigerians must eat. We need to eat food not just to fill our empty stomachs, to give us strength but also to nourish our bodies and make us grow.

If there are no foodstuff businesses in Nigeria it is bold to say that Nigeria will soon go into famine. The food industry is a big industry in Nigeria. Asides from the fact that you can have direct customers who buy raw food from you for direct consumption that is to buy and keep at home for eating.

We also have the food processing industry where manufacturing industries like cassava processing plants, plantain processing plants, and other companies that are into animal feed production will also buy from you. So you can see whether you are going into the raw food business in Nigeria directly or indirectly you.

Or you are going into it with a small capital or big capital you will make big profits. However, how big the profit is is related because the more capital you invest in the business in Nigeria the more profits you are going to yield from it. You cannot compare someone that started his or her foodstuff business in Nigeria with N500,000 with someone else that started with N2,000,000 (N2M).

Obviously, the person that started with N2M will make more profits than the person that started with N500K. But if you are interested in starting a foodstuff business in Nigeria you can start small or big. Do not be pushed to start big if you cannot afford it. Do not go and borrow money all in the name of starting big. Start with whatever you have and grow the business.

Besides you need to gather experience even while you are in the business to be able to handle larger contracts when they start coming. This was what Aliko Dangote did during his humble days. He discovered he was passionate about buying and selling so he first started buying and selling sweets to his mates in school and also was helping his uncle “Dantata” in his shop back then to sell foodstuffs.

He took his time to fully understand the business when he was with his uncle and assisting him and after seeing what it will be like in the now and in the future – understanding everything about the foodstuff business from his uncle as regards buying the grains, sugar, and every other foodstuff his uncle sold.

He borrowed money from his uncle to start his own foodstuff business and now he is the richest man not only in Nigeria but in Africa. I will share more of Aliko Dangote’s success story in this article as we move on because I believe understanding his story is what will really help you turn your foodstuff business in Nigeria into a million naira business.

Asides from his story of how he used his foodstuff business in Nigeria to become a millionaire . I will also share some personal tips I have gathered from foodstuff dealers in Nigeria on how to keep the business going in terms of food maintenance and bills. If you are interested in trading grain or foodstuff in Nigeria then you should read this article to the end.

Digest everything before you fully start the business.

Is Raw Food Business Profitable?

Really, how profitable is the foodstuff business in Nigeria? I have shared some of this slightly in my introduction but I feel I should share more reasons why the raw food business is profitable. The first reason why raw food business is profitable in Nigeria is that you will be buying in bulk and selling in small quantities.

This always happens no matter the capital you use in starting your foodstuff business in Nigeria it just depends on how much small quantity you sell. The second reason is you can sell to people who want to cook the foodstuffs immediately what we call direct consumers and you can also sell to people who want to resell the foodstuff when it is cooked.

Example: buka, restaurants , and joints Another reason why the foodstuff business is lucrative in Nigeria is the fact that it has a short life span. Although this is also a disadvantage to you, it is an advantage to you because your customers will not be able to retain foodstuff for a long time thereby always having the need to buy from you all the time.

Foodstuff is not a buy once and for all kinds of goods. Finally, it is a profitable business because even the waste products of the foodstuff are useful. You can also make money from the waste products of your foodstuff by selling it to people who buy agricultural waste in Nigeria. Also, it can be sold as animal feed to those who rear animals. Examples are those in goat farming, cow farming, ram farming even poultry.

Getting Capital Needed for Foodstuff Business

The best way to start your foodstuff business in Nigeria is to self-fund the business but if you don’t have such capital at hand and you really need helping hands make sure you borrow the money from reliable people you know will not disturb you about the money on a regular basis.

It is one thing to borrow capital to start a business in Nigeria it’s another thing to be able to sleep at night without worrying that one day your debtor might want your head (figuratively). Aliko Dangote was wise about this which is why he borrowed the money to start his foodstuff business from his uncle.

He could have gone somewhere else – maybe the bank or perhaps a stranger but he went to his uncle. He went with the saying “the devil you know is better than the angel you don’t know”. This choice is entirely yours to make.

List of Foodstuff to Sell

When it comes to starting a foodstuff business in Nigeria there is a list of foodstuffs you must sell. This is because are high in demand. Nigerians love these foodstuffs because they can use it to cook different foods.

4. Guinea corn

5. Garri (White and Yellow)

6. Semolina

9. Cocoa yam

11. Irish Potato

12. Yam Flour (Elubo)

13. Dried grinded Pepper (Ata gungun)

These are the steps on how to start a profitable foodstuff business in Nigeria.

1. Do your Market Survey

Yes, this is important. Asides from all the information I will be sharing with you in this article you still need to do your own findings as regards this business. As we usually say no knowledge is wasted so can we say as regards this business that no finding as regards this business is wasted?

In as much as I try my best to share everything I know about a topic when I am writing an article on it, I still believe I am not sharing it all. Somehow my writing may be short on one point or another that’s why I usually encourage my readers to do their findings asides from what they have read on the blog.

Doing your personal findings is important. Who knows? You might even be able to share points I have missed in this article in the comment and we can all learn. Doing your own findings does not only add to what you know, but it also gives you live information because this time around you are in the field.

So my best advice here is if you can visit any of the raw food shops around you and tell them you want to know all they know about the business please do. They might be reluctant at first to share but I am sure if you tip them – give them some money they will give in and share with you.

As they share this information it might be best for you to jot them down for future reference. Do not rely on your brain as it is not built to remember but to create. After gathering – doing your personal findings and gathering all the information you need you can now proceed to the next step.

Read our article on how to conduct market research for new and old businesses .

2. Get your Capital Needed

There is no specific capital needed to start a foodstuff business or grain business in Nigeria. But with that been said it does not mean you can start with any amount you have. So on average, to start a foodstuff business in Nigeria you will need a capital of N400,000 (N400K) – N1,000,000 (N1M).

We can also say the specific capital also depends on so many factors like if the area you want the business to be is a rural area (a village type of setting) or an urban area (a city kind of setting), how big you want to start and so on. But just in case you do not have enough capital read our article on how to get funding for your business in Nigeria .

3. Rent a Shop to Sell Foodstuff

Foodstuff shop for your foodstuff business is very important because you cannot afford to expose your foodstuffs to things that will make them spoil on time. When you rent a shop for your foodstuff business, you are able to protect your foodstuff from rain which can cause massive spoilage, from the sun which is not also good, and lastly from rodents.

I will talk more about how you can prevent rodents even in your shop later in the article because this could also happen to your foodstuffs even if they are in your shop. If you want to go into foodstuff business wholesale I will advise you to rent a warehouse instead of a shop. The massive space will allow your foodstuff to breathe and will always give you the opportunity to buy more foodstuffs without fear.

4. Considerations Before Renting Shop

There are many things to consider when renting a shop for your foodstuff business in Nigeria.

A. Consider Location

You need to consider location and this is because it has a lot to do with how customers can easily locate you. When it comes to choosing a location you need to consider where thousands of likely customers will pass every day. It is at this kind of location or area you should rent a shop.

B. Money for Shop Rent

After deciding your location, you also need to consider how much you will pay for rent at least for the first few months. This money is often taken from your capital and to make it logical it must not pass more than 20% – 30% of your capital. For example , if the capital you have set aside for your foodstuff business is N1M this means the money for the yearly rent for your foodstuff shop must not exceed N300K.

C. Consider Shop Space

You need to consider the space also. Is the shop spacious enough? Can it contain your foodstuff now and will it be able to contain more foodstuff in the nearby future when the business starts growing? These are the 3 main factors you need to consider when renting a shop in Nigeria for this business.

5. Buy your Foodstuff in Bulk

It’s impossible to go into the sales of all types of foodstuff unless you are sure that you can really handle every part of it. Even Aliko Dangote did not go into the sales of all foodstuffs he specialized in some. However, here is the list of foodstuffs you can buy and sell in your foodstuff business in Nigeria.

Some of these foodstuffs are grain foodstuff while some are tuber foodstuff and lastly pepper. When you are ready to buy them you need to make sure you are buying it from the right source – a trusted customer who has built his or her reputation over the years and has gathered experience.

This customer must be a wholesaler of foodstuff so that the foodstuffs you will be buying from him or her will be at their lowest prices. This is to make sure you have a bigger profit margin when you finally start selling too.

6. Stock Foodstuff in your Shop

When it comes to stocking your shop with foodstuffs one needs to be extremely careful because how you place these foodstuffs will determine how long they will last in your shop before they start spoiling. If foodstuffs are well placed in your shop or store they should remain in good condition till you sell them.

This is why when you are about stocking your shop you are to make sure the floors of the shop or store are dry enough and you should not place the foodstuff on bare ground but on planks. The best planks I have seen shops around me place their foodstuff on pallets – the wooden pallets that come with goods from the seaports.

These wooden pallets are bought from ports and laid on the floor before placing the foodstuffs. Also, make sure the foodstuffs are not resting on the wall so that when rain falls water will not spoil the foodstuffs. After proper placement of the foodstuffs in your shop the next thing you should do is to do an inventory of all the foodstuffs.

This is to make sure all the foodstuffs bought are complete and none was missing during transport.

7. Start Selling Foodstuff

At this point, you can inform your friends and family about your new business so that they can start patronizing you from day one. Also because of where you are located, you will be able to start selling your foodstuffs immediately after you open. To draw people – potential customers closer to you, you can reduce the price of your foodstuffs a bit.

For example, if a paint of garri is sold for N500 in that area you can sell your own paint of garri for N480. This will attract the traffic of customers to your shop. Also, develop a good relationship with your customers. This was one of Aliko Dangote’s strengths.

He was able to keep customers for years and because of the way he treated them these customers also brought their friends to buy from him.

8. Raw Food Business Ideas

There are many raw food business ideas in Nigeria you can try. Here is the list.

A. Grinding of Foodstuffs

You can make extra profit in your foodstuff business by grinding foodstuff for your customers. Foodstuffs like yam flour, plantain flour need to be grounded before they can be consumed. You can diversify your income by doing this. Read our article on how to start grinding business in Nigeria .

B. Production of Poultry Feeds

Another raw food business idea in Nigeria is the production of poultry feeds. All you need to start this is to buy the machines needed and a space to install the machines for production. Read our post on how to start animal feed business in Nigeria .

C. Sell Waste Products of Foodstuffs

I mentioned this earlier. You can also go into the business of selling waste of foodstuffs to people, and companies that need them.

9. Profits in Foodstuff Business

There are different ways to increase profits in your foodstuff business in Nigeria. Some of these are:

A. Re-invest your Profits

After reading Aliko Dangote’s biography and how he made his millions selling foodstuffs to Nigerians I would say one of the reasons why his business grew so rapidly is his ability to always re-invest the profits of his foodstuff business back into his business. He did this for a long time and at some point he had enough money and was able to import these foodstuffs into the country by himself.

This made him the author and finisher of his foodstuff business in Nigeria. You should apply this method too if you really want your foodstuff business to grow quickly.

B. Diversify your Foodstuff Business

I just mentioned all these ideas. All you have to do is to choose which of them you want to go into. But mind you doing this will cost you more in some of the foodstuff business ideas. An example is diversifying into the production of animal feeds.

When it comes to starting a business like a foodstuff business in Nigeria, you have to properly plan on how your business will grow if possible, have branches, see into the future, and aim higher like Aliko Dangote . Do not be driven by your everyday profit and therefore remain stagnant.

And one more thing make sure your shop or warehouse for your foodstuff business is rat-free so as not to incur loss unexpectedly.

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Raw Food Stuff Business Plan in Nigeria

by Wisdom Enang
February 9, 2023
3 minute read

Raw Food Stuff Business Plan we explicated here. You can get the guide to starting your raw foodstuff business from this article.

Business proposal for food stuff

Read Also: Punishment for Food Adulteration in Nigeria

Raw Food Stuff Business Plan is a business structured for relevance in both the local and domestic markets with the sole objective of restoring the nutritious value of raw food and promoting its importance.

Vision Statement for Raw Food Stuff Business Plan

To produce pure raw foodstuff that can be free from diseases and is a hundred percent natural and pure as the name implies.

Mission Statement for Raw Food Stuff Business Plan

To make raw foodstuffs to be accessible in both the local and domestic markets.
To make sure that raw foodstuff is sold in the supermarket directly to avoid the use of preventive measures which could be harmful to the body.
To ensure that foods with a chemical that can damage the human body are avoided.
To make our price rate accessible and affordable.

Read Also: Practical Steps to Food Preservation

Economic Value

To organize conferences on the health benefits of eating raw food such as fruits and vegetables.
To provide employment opportunities to people like farmers and trained personnel in the business.
To bridge the gap between the raw foodstuff produced on the farm and those sold in the market.
To preserve the nutritional values of raw foodstuff minerals that can lead to the development of the human body and help fight diseases and infections.
To educate the school children in both primary and tertiary levels on the health benefits of pure raw foodstuff in the development of the human brain example vitamins and other sources.
To educate aged men and women that pure raw foodstuff can lead to longevity and healthy living.
To encourage the policy of one hundred tree planting in Nigeria and across all the States.

Read Also: Foods to Avoid During Menstrual Period

Our Target Market

Supermarkets with packaged raw foodstuff
Schools with the planting policy and information bank
Hospitals to promote health benefits
Executive Ceremonies and occasions to showcase your product
Business centers for collaboration and partnerships, etc.

Accounting Records

As one of the leading businesses when it comes to the field of agriculture, raw foodstuff ensures accountability with daily accounting records.

It is done to ensure an effective financial balance to enable the business to have a healthy and robust net profit for the expansion of the business within a long period.

Capital Base

Raw foodstuff is very profitable and requires little or less capital to make the business successful. The capital base depends on the size of the land.

For instance, if the size of land costs about seven hundred thousand Naira (700,000) basically for a start for the purchase of land and the raw foodstuff can be accessibly estimated at one hundred thousand (100,000), with other minor Construction for security purposes with an estimate of two hundred thousand (200,000).

Employ Factory Workers,
Approval to make the business certified

Labour Force

Fifty to twenty workers for a start or more depending on the size of the farm. As this is highly commercial.

Read Also: Foods and Fruits Smokers Should Not Avoid

Estimated Income

Raw foodstuff is a very profitable business. This is because these crops or food generally have no chemical or preventive measures which are harmful to the body.

Conclusion

Raw foodstuff is not only a business but an investment to restructure the economy from the level of subsistence to the level of commercial.

Raw Food Stuff

Wisdom Enang

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How To Start Raw Foodstuff Business In Nigeria

You can never go wrong with foodstuff business, even when every other business is on hold foodstuff is always on the go. Everybody needs food to survive that is why the business will keep growing and expanding. Nigeria population helps in making foodstuff business very lucrative.

It doesn’t matter how you start whether small or big there is always profit to make. Also your location not withstanding; whether you are selling in the market or at home you will still make a head way. All you need is diligence and commitment. Quoting, Dr. Akinwumi Adesina, “By 2030. The size of food and agriculture business in Africa will reach £1 trillion. So if you are thinking of how to make money, that is the sector to be in”.

These are everyday item that people buy all the time, income is guaranteed daily and sales too. People consider food stuff business to be petty and dirty. In today’s world you can make a difference, decide to make your shop neat and you will see people trooping to buy from you. Check out Dutse market or Kubwa market by Army quarters you will know that market setting has change class has been added to it.

How to Start Foodstuff Business in Nigeria

There are practical steps to take in starting foodstuff business in Nigeria whether as a; retailer, wholesaler or distributor.

Locate where you will be buying the foodstuff
Choose the foodstuff you will be selling
Employ workers
Make tables/shelves
Write foodstuff business plan

The amount for starting depends on the size of your market either large scale or small scale. It also depends on what you intend to sell. You can start with #5,000, #500,000 or millions. Yes, you can start with any capital you have. Source for the money from family or friends, you can save it from whatever you are doing.

Identify where to buy Foodstuff

Some people buy from village market, while others travel to the North or South to buy depending on what you are selling and location. As you progress in the business you can have phone numbers of suppliers to deliver them to you.

Carve a Niche

There is no way one person can sale every commodity in the market. Choose from the list; grains, food ingredients (spices), palm oil or groundnut oil, stock fish , tomatoes, pepper, onions, fruits, yam, potatoes, plantain, Garri, flour, confectionaries, seasoning, frozen foods, spices, fufu, Kanda, pap, vegetables, seafood (crayfish, shrimps, fish, periwinkle, snails etc). You can combine many or a few commodities for sale. Assuming your concentration is on grains you can add groundnut oil, spices etc.

Anywhere is market provided you have buyers around. So choose a good location for foodstuff business. It can be inside market or outside the market. Although you will get buyers anywhere, it also important to position your shop where you will have more patronage. Over turn is what increases profit.

Make shelve or Table

Pay carpenter to prepare shelve or table for you to keep the foodstuffs for display. Keep chairs for customers to sit in case they are tired or too many to handle at a time, some customers can sit and wait for you. There should be a sit for you to sit down as well especially when not selling.

Items needed in foodstuff business

Purchase bowls,
containers,
rubbers and any other thing needed for your foodstuff business.

Employ Workers

Don’t be selfish, employ more hands to help you in the business if you have too many customers to handle at a time. Many buyers are always in hurry and wouldn’t want to waste time waiting for you to attend to all they people they came to meet. When you have helping hands customers will like to come to your shop knowing they will leave quickly

How to be successful in Foodstuff Business

Some foodstuffs are highly perishable and should be sold off as soon as possible before they become spoilt. Also, some foodstuff can only be gotten in large quantities on market days. For instance, when I used to produce plantain chips for sale, I could only buy large quantities of plantain at a cheaper price on market days.

Different food commodities are gotten from different regions. All these are factors that should be managed properly in other to succeed in food business . Don’t follow others, because Mr. A is making much sales in bread everybody tilt to bread business. Rather locate what people are in need of and breach the gap.

Factors to consider to succeed in food business

1. Sell off your foodstuff quickly . There is no need selling on higher prices when you have many competitors around. Let your price be fair and moderate you will attract many customers who will buy off your commodities.

No need hoarding goods, sometimes you will he here hoarding it whereas hustlers have sharply transport the commodity down by the time such commodities arrive they are fresh and everybody will want to go for them.

2. Understand season . Foodstuffs are seasonal, you should know the seasons for every commodity so that you can plan well. Probably this is when you need a business plan on foodstuff business. People buy down during crop season ahead of off season when they can make good profits. Business requires smartness so be smart about your foodstuff business.

3. Capital : no matter how things turn out don’t touch your capital. Make your personal expenses inside your profit, some smart persons pay themselves salary from their profits. It will help you to save, pay bills and reinvest.

4. Know where to buy what : in Akwa Ibom State traders go to Northern Cross River to buy yams, Garri, oranges, coco yam and foofoo. You can go there to buy or purchase from distributors.

5. Know your customers: find out what your customers like and satisfy them. For instance, in Delta State they people prefer Pepe yam anything other than that will be a struggle. In Akwa Ibom it is hand peeled melon, there is no chance for machine peeled melon. So understand your customer preference and stick to it.

6. Price fluctuations : some factors contributes to the rise and fall of commodity prices apart from the season. Examples of such factors incliudes, cost of transportation, shortage of commodity or scarcity. If you understand the trend you can always make your customers happy.

7.Purchase and sell more of the commodity that has higher demand and less of what is on low demand. For instance, if your location Garri attracts much sales please buy more of Garri. Don’t go and buy a bag of rice and buy Garri half bag when you know you can finish a bag of Garri in a day while rice may take like 3 days before exhausting it. So put your money where it is needed most.

8. Be neat : many customers prefer someone who is neat. Now that we have graduates in food business who are bringing class to the business, it is good you rise to the trend.

9. Package your food well. See the kind of nylon used in packaging stock fish parts, very attractive, sometimes I purchase it even when it was not on my list. You can package some foodstuffs that are always left open people who are in a hurry or like it that way will buy before you know it others will copy.

10. Be customer friendly : the importance of this cannot be overemphasized. Many have loosed potential customers because of their attitudes. And many have sustained their customers because of their friendliness.

Foodstuff and provision business

Both businesses are lucrative but it is easier for someone into provision business to add foodstuff. Check out, Malls, superstores and supermarkets. However, if you are selling grains you can add items in provision store list, such as; tin tomatoes, ketchup, bake beans, mayonnaise, milk etc.

Which foodstuff is most profitable in Nigeria? Every foodstuff is profitable but profits depend on the demand and supply power. The more foodstuff you sell, the more profits you make. What is in high demand right now is every food that is needed daily.

Raw food business ideas are the ones listed above. If you follow the guidelines you will succeed in your foodstuff business.

Please follow us on Facebook , Instagram and subscribe to our youtube channel. Use the comment box for your questions and get a prompt response and don’t forget to subscribe to our newsletter below, just enter your name and email address. Lastly, if you enjoyed this post, why not share with it your friends by making use of the share buttons below the newsletter form! In case you want us to write on any other topic, please let us know in the comments section or contact us. We appreciate your support Thank you

food business
foodstuff business
Foodstuff business idea
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193 COMMENTS

Eni I greet you.I have been around and ive seen many guidelines and kind of tutor you have outlined to ppl like us..I want to say keep up the good work..Pls i want to go into food stuff business, such as Crayfish,Ogbono,Egusi,Garri,Beans and statefor a start..Is there a distributor to recommend at this early stage?..Am based in Lakowe Lagos State

@Joseph contact me on 08035965405

I want to start foodstuffs business ma.

Thanks @Eno am really grateful about this, you just encouraged me.. please can i get distributor for dry fish form akwa ibom. thank u

Hello ma, u have really explained things well….I would love to go into foodstuff business especially raw foodstuffs….. Can u be my distributor or direct me to one

I want to start a business worth 11000 naira ma,help me out

You can sell fruits maybe concentrate on banana and groundnut. Look for a good location, save money for foodstuff business.

Please I will like you to help me with a place suitable for establishing foodstuffs business in Akwa Ibom, I have uyo in mind but I will be happy if you can tell me a place better than UYO for the business or the reasons I should chose you. Thanks Samuel.

Uyo has the highest population in Akwa Ibom State

Thank you so much for the business ideas stated. I will like to know the best location for food stuffs business in Alagbado, Lagos. Thanks.

please ask people who are already in the business in your location

Comment: thanks for that good idea, please whats d best foodstuff u can advice me to start with in delta state nigeria

every foodstuff is at its best, find out what is in high demand in your location but not readily available as it should be

Goodmorning eno thank God I saw your write up concerning how to start a lucrative business so amazing 👏I am planning on how to start up a business on my own and with the help of my husband I want to start rice,beans,provisions, pupuru,elubo,drinks etc..I need a good distributor that can be supplying me at a cheaper rate I base.@akure ondo state thanks.

You are welcome @Esther, I should help but I;m not staying in Akure. Find out from traders in the business to know how/where to contact the distributors

Thank you so much for this piece.

You are welcome

Honestly, I love this, I pray for divine financial favor to start

The Lord will make a way for you

Rozy what are your products let me know how I can help and where is your location.

…and I do both wholesale and distribution and new in UYO, I need a good location.

That’s fine @Samuel. I am not in Uyo at the moment

I want to start up raw food stuff like rice, beans, groundnut, and so on.but I don’t know any trusted distributor from Northern region. Pls I need ur help thanks

Am from plateau state. Am also into this business. I will help u. If want raw rice, beans, yam, maize, guinea corn, Irish potato. E.t.c

Hello Mr James, how can you help me transport raw food to Edo state,

Plz can we talk Will be needing assistance

Hi James, send me your number let’s talk business.

Please how I start foodstuff wholesale business. At find start amount at least and what are the best foodstuffs to venture as a beginner. Thanks.

Please I like to start up food stuff business like grains, garri, melon,palm oil ,,ground nut oil and ogbono and cray fish . how much can I used in starting pls am in abuja.

From #200,000 will be a good start but if you have less you will buy in small quantities for each commodity when you are able to save money you start buying in bags

Can i start buying in bags with 200k

Thanks for sharing. I’m encouraged. I want to venture into the business very soon

Is indeed very impactful, please I want to up the raw food business how do I get distributors or can you refer me to one am in Calabar

Please can you combine a list of food stuff someone can start with small amount for me

I have just a few questions to ask please,one I want to start a food business in ondo state and I want to make osun my base of importation,I have a local market and farm where I can be getting the goods there and my question is how can I deal with this,I mean I need to know the rate foodstuffs that is less in osun and fast selling in ondo.

Do you feasibility study to know what moves fast in your location it is not the same every where

Hi emo…please I want to start food stuffs grains in pH…can you please tell me how to go about it…and suggest a good location and where to source for stocks.

Thank you ma for this wonderful information it’s really an eye opener. Am interested in going into the business especially crayfish, egusi, ogbono, stock fish and dry fish but need a supplier that I can trust. Please could you recommend one for me?

I need a distributors @sagamu for food stuff business..Anyone to trust? Thanks

Good evening am from plateau we have so many food stuff at effordable price if u want me to be ur distributor am available

ENO, thanks for wonderful and detailed information. I want to go into the foodstuffs business in a very big way. Location is Aba. I’ve have a big warehouse. Pls do you have contacts of people who can supply me Beans from the north in large quantities and other foodstuffs?

Call 08035965405, let me give a contact

Thank and God bless you ma, please I want to go into egusi business and I need genuine person contact from north to be supplying me

okay, contact for number

What of ikeja Lagos where are they getting their food stuff and again like how much can one start up with in Lagos

Mile 12. The amount to start depends on the scale you are gaming for

Goodpm ma….tanks for the wonderful information….pls I would love to go into the foodstuff business in a very big way location Delta state (warri to be precise)….like garri, cray fish,beans ,yam,pepper ogbono,melon, onions,palm oil ,groundnut oil ,stock fish and dry fish etc…….pls can you help me with a contact where I can get them at a cheaper rate

I want to go into foodstuff sales,majorly rice, groundnut oil, beans.Since I reside in South south, how can I get a distributor that has fairly cheap goods.

I want to go for foodstuff like groudnut oil, tomatoes pastas, indomitable, spaghetti. I’m in Osun state pls help me with contact of distributor.

I don’t have any please

Thanks for this guide, will be recommending it to my aunt who wants to start foodstuff business

Thanks for this amazing lecture but is true that good stuff business is mainly for female

Yeah in this part of the world not so in the Western world

evening,please is it ok to open this business and employ sales rep ? because i love this business

Very well@ Prince

Depends on how well u trust this slaes rep, for me it’s not a good idea, it requires your presence and supervision, maybe for a while ro get to study the market and know how much u make from a bag of rice or each items and realise the stable income it brings in before u can trust someone to manage it for u

Nice job my sister, may God bless you bountifully. Please sis, am planning on going into this line of business or wholesale drinks business, please among the major cities in our state(AKS) which side will you recommend for me to start the business, that is where it”s a bit cheaper but a high population. thanks in advance. Nsima

hello Grace, the price is almost the same everywhere. also anywhere is a potential market place but you can establish in places lik Uyo, Ik, Eket, Itam etc.

Thank you for the write up,it’s so helpful. Pls I also want to go into food stuff business of rice,beans,Garri,ogbonno, crayfish,POMO,etc. Pls if you can connect me to a farmer in Abuja,I will be happy

I dont have any farmer in Abuja besides you can get one person that cultivates all the above for sales but you can get a supplier

Thanks for this thread Madam. God bless you richly… Information is life…

Actually I want to go into foodstuffs business with a low capital in Abuja Jabi axis precisely, please what kind of food stuff do you know is fast selling in Such environment, am new to the environment and please if you have any trusted contact from North in food stuffs let me know.

I will like to discuss with you on phone as well…

Thank you sir. Lets speak on phone because I need to know the side of Jabi you are staying before I can advice. My number 08155196689

Good afternoon Ma. I am already into food biz but doing it on a low scale. I will like to know if you have a distributor for Honey beans in the North though I live in Lagos and buy my butter beans from Niger state but yet to get where honey beans is produced in large quantity. I wont mind if I can know the state that cultivate it in Large quantity so I can buy. I wont mind their contact too. Thank you for this great job you are doing.

Thanks @Ojo I’m sorry I don’t know anyone

Thank you for the information. But I’m in Ogun State, Agbara side. I only have k200 capital to start up the business but I don’t know the particular ones to go for first.

200k is a good start go through my article and pick te one that interest you

Please help me with distributor of different kinds of food stuff I base in anambra state

I am very okay with your peace of Understanding pls am in ibadan can u direct me to some one or the market to buy

I’m so happy to stumble upon this site.. Nice write up Eni-~. I’m Israel by name. I deal on Foodstuffs mainly grains n perishables(Onions, tomatoes n pepper directly from the farm). So for all you that are interested in going to foodstuff biz but don’t know any supplier up North I’m here for you. My location is katsina. Kindly hit me up on 08113839377/07030613068. I promise you the very best of deals ever.

Thank you Isreal for the contact…. but u know the rate of frauds in this country is very high. How do we know if urs is real.

Please am in Enugu and I want to start a food stuff business, I don’t know how to start neither do I know where to buy from. Can you help me out ma? I want to sell in bulk tho I don’t know if that’s the best.

contact me on 08155196689

Hi please am in Lagos Lakowe school gate,I want to go into food stuff business can you connect me to disturbtor plz

call me 08155196689

Can this business idea work in 2021? Thinking about starting it.

it is just like saying would people still eat in 2021. Please go ahead with the business it is all weather business

This is very impactfull, l actually want to start up food stuff business”wholesale & retail.food like rice, beans,tin tomatoes, groundnut oil,eggs, spices for stew &rice.l reside in omoku,were to get this goods at a cheaper rate is were I don’t know please help me

please find out from traders in your location

Hi Eno, thanks, ur explanations re well understood. Pls can 100k set up a good foodstuff business? then with time i can build up. Pls my location is Lagos

Hi Eno, thanks, ur explanations re well understood. Pls can 100k set up a good foodstuff business? then with time i can build up. Pls my location is Lagos, any distributors?

Yes 100k is a good start

Does the 100k include or exclude shop rent?

Thanks for this eye opening, am greatfull, now I know how to handle my business

Hi please give me your facebook I’d thanks

Please how do write my foodstuffs business plan

CHECK ONLINE AND FOLLOW THE STEPS OUTLINED

I have 200k to start I base in Ibadan but don’t know where to be getting it

Thanks for this nice write up am really impressed with your writing keep up with the good work I would love to know if I want to start up food business now will two million be enough to start with

it is good enough to venture into it whether as a distributor or wholesaler

Thank you very much ma. I’m impressed with your write up. May God bless you ma!

PleaSe ma I also want to start selling foodstuffs inside the market I.e on tables but my problem now is I don’t know how much it will cost

you can start with 100k all things being equal outside rent

I want to start up raw foodstuff business but don’t know how to go with the prices of sale, please ma put me through on how to get a list of how much to sell after buying, I want to know cos am confused on that aspect, thank u ma.

Hello Mary go and find out how much people in the business in your location are selling theirs, it will help you to know whether you will make gains or not

Good afternoon ma…I’ve been thinking of what business I can do with 200k and I just saw your post and I’m thinking of going into this foodstuff business but I was also thinking of opening a boutique and I don’t know how lucrative it is….so I don’t know if foodstuff business is more better than boutique business… I’m in Benin city ma’am please guide me..

Hello Vivian, for now go for foodstuff you can still open a boutique shop in the future if thats were your passion lays. The attention of many now is on food

Am grateful I’ll like to venture into this business, my location for it is what I don’t understand for now, pls can u help me out? Currently I base in Ogun state I will appreciate if u can help. Thanks.

it is a business you can do anywhere

beuatifulll…..keep it up will reach you on phone later thank you

Please ma’am thank you so much for the tips given is so helpful if being followed as it is. But please can you help me with the amount a person that wants to start a wholesale food stuffs in a large scale can use to start up a business

From 1 million up

Good morning ma, your tips were helpful, thanks for that, I want to start a food business in kaduna state and I would like your advice on that and if possible talk with you on a personal note, also there are few things I would like to talk to you about but I will like it to be on a personal note.

are you the person that contacted me, we spoke at length

Really got enough from you. God bless you. Embarking on few food items, and buying varieties. Which is advisable. Secondly, there are areas I would like you to carry me along. I am in Port Harcourt. Thank you

Amen, thanks @Evelyn, You can start with few items and upgrade to varieties as the business grows

i really appreciate you for the informations sister. initially i have always wished to start up a foodstuff business in nigeria, i base in port harcourt and my major challange had been a genuine place and wholeseller to be buying from. please can u help me. i am in portharcourt thank you!

Eno thanks you, you satisfied my curiosity,may God bless you.but one more important issue that you don’t touch very well is the issue of managing the finances, how do one save best, do I need to have two or three account so as I sell ,part will be used to repurchase,part will be saved for salary and part will be saved for paying of bills or what do I do to grow it.

your capital should be intact that is what you use to repurchase, always set salary for yourself, you take from the salary to bills.

Good pm ma, please I will like to know more about choosing location for this kind of business

@Omotayo it was nice speaking with you please let me know how it goes, i wish you the best

Please I want to know if I can get good distributor in Abakaliki that is cheap

Raw food stuffs like rice, beans and machine peeled melon

the person i Have contact is not in Abakaliki

But he can supply to Abakaliki

Plz I need help on where to buy garri, rice, beans, groundnut oil, red oil, frozen foods, egusi, ogbono, stockfish and crayfish at a good price… Plz no scam…

reach me on 08155196689

Thanks for the update, I so much like this business but don’t have shop to start. I live in katampe 1 mpape Abuja. Is there any other alternative to do this business without shop thanks.

yes, online shop using social media such as; Facebook, Instagram etc

I am in cross River, and I want to start food stuff business where can I buy to sell in wholesale.

@Faith, Benue is close to you

Thank you ma for this great piece. I want to start up my food stuff business with small frozen foods. Am in Lagos plz ma can you be of help or direct me with a distributor. Rice, beans, nooddles, tomatoes Maggi, chicken, turkey, fish, gizzard, garri, egwusi, ogbono, different types of corn etc. Thank you. 08035365662.

You are welcome @Princess, I’m sorry, I don’t know of any

Thanks sis.. please am about to start the business and I don’t know where to buy goods in affordable price I reside I sango otta ogun state

@Olushhola, go to mile 12 market

Please ma’am I want to start foodstuff business I base in owerri where can I buy from any ideals thank you please I’m new here

[lease find out from other sellers where they buy from

I love to start a food stuff business like garri, rice, beans, palm oil, yams, ground nut, etc. Am in 8 miles, Calabar, where do I get distractor and where is a suitable location. Can #500,000 to #1,000,000 do for a start?

Yes it is enough for a start, please find out from those already in the business in your location how to connect with a supplier

Thank you so much for this steps to guild business through, do you know any distributor around ado-ekiti or Akure ma?

Thanks for ur good work ma, please where is a better location for foodstuffs in Port Harcourt

Ah! I don’t know please. Find out from traders already in the business

Good evening ma,my name is Amarachi from Lagos I love foodstuff business and I want to start it from my house I live in 3 storey building can it work for me there? Again I plan selling online and offline and also distributing to people

you already have a strategy, yes it will work very well, just look for a space down

Ma, thanks for the good work ma. God bless you. Ma, I want to start a foodstuff business in Ibadan, what’s the best location to sell and where can I buy from ma.

Pls I want start foodstuffs business but I have a mine to start in Atanda jinadu crescent ojo Lagos pls can you tell the place can move foodstuffs

p[ease find out from who are already in the business in your location

Thanks for the info ma’am thank for being an eye opener over food stuff business to people , food stuff business is one of the oil well we have in this economy , please incase there is any one in need of supplier of rice , beans , millet, sorghum, Bambara nuts , yams , elubo isu , potatoes , groundnuts , soya beans , spicy peppered crunchy kulikuli etc in bags from the north please kindly do well to connect me up ma I stay in Minna Niger state

okay, send me your contact number on my whatsapp 08155196689

Good day ma’am ,thanks very much for this enlightenment, I want to start foodstuff business here in Abuja and am new here pls can you enlighten me more on how to go about here

Hello @Blessing just look around you and know were to set it, ask others to know where you can be buying different foodstuff. There is Monday market, orange market, Dei dei, Suleja, Karimu etc

Thanks very much , God bless you

Amen, thanks@Blessing

Pls i want to start food stuff business like.. rice ..beans.. in ondo town. Did u know anyone dat can deliver dis stuff…because i have no idea of whom to talk to….like how much can i have to start dis business…

I just need someone to put me through…

just new on your page, can you help tell me where i can get cheap food stuff …….. cuz i have been doing research on that…………most especially Egusi, Ogbono in large quantities

Hello, for ogbono Ebonyi state while melon is Nassaeawa state

Thank you so much I really need to start food stuff business am in Lagos but don’t know how to go about it

Thanks alot

Thank you very much for this wonderful explanation. God bless u.

you are welcome, Amen

Thanks allot ma. It was insightful. Came at the right time.bi am a teacher but would also need something else, planning on leaving the teaching sector. I reside in onitsha and intend to go into foodstuff, specifically rice and beans and maybe crayfish.. I intend to do that from the comfort of my home and then create an online group where I will make sales and delivery as well..and probably supply to shops in my vicinity. Sales strictly in painters and above, no cup to avoid creditors. Now all I need is just the best place to buy at a cheaper rate or wholesale rate… Am I threading on the right part. I need your advice or opinion. Thanks

@Jane, you are very much on the right track. You are already know how to go about the business. Nassarawa State is a good place to buy.

Thank you very much ma, really appreciate it. Will also like to venture into food stuff biz. U really explain things and it lifted my spirit.

I’m glad to read this, thanks @Alimi

Hello Mrs Eni, are you into the foodstuff business, will you advise me to invest all my last cash in the business please

food business is the most thriving business now, do market survey, know your target audience, good location etc

Hello Eno, I am glad I read your write up. I want to start raw food business too. I will give you a call soon. God bless you

Comment: Thanks for the information ma,can #50,000 start the business(grains)to be precise and(oils) location at ibadan can you link me with a distributor also(trustworthy one)

Well! Maybe buying from wholesalers in cups and retailing. You can start the oil with 20k

Please I will like you to help me with a place suitable for establishing foodstuffs business in Ibadan oyo state, I have gbagi market in mind but I will be happy if you can tell me if that place is good for the business Thanks

I don’t stay in Ibadan please

Please with the situation of Nigeria now can 600k start up the business ma?

Yes you can buy as much as your capital can carry

I am Stephen by name. I just finished one year compulsory youths service. Right now I want to start food stuff business in Awka north. Unizik Area precisely. Though I need more guidelines. Thanks ma

please start

Awwwww…sorry for the loss, it is very important to keep insecticide so that once it starts bringing out flower or about to fruit you spray the chemical. If you spray the chemical on time you will see how the whole farm would be filled with fruits resulting in bumper harvest

Thanks darling for the guidelines.pls I deal with foodstuffs and I can supply nationwide Incase you have someone that needs supply. I supply well bolished and stone free Nigeria rice with affordable price and red oil too

Thank you ma’am for this article

You are welcome @Chineye

Hello Eno. This is quite informative but there is one area that you did not touch. Assuming that someone wants to go into this business big time, how can the person keep rodents and pests out of the stored goods? Are there special products to preserve it from pests and rodents? I remember one time I bought one bag of beans that pests eat up even though I put enough pepper inside the gallon that I used to store it.

How do you preserve the foodstuff, please

Make sure grains are well dried before storing, the containers should be airtight

Please ma, I’m interested in the foodstuffs business con you put me through please

Eno,I need to start up a small business going for Palm oil,garri, crayfish and yam Am in Delta state if you have anyone that can distribute to me pls help a sist

I will like to start are food stuff business, like , garri, rice , beans, palm oil, groundnut oil, etc, like how much I can start with

Ir all depends on the scale, #500k for retail and from 1 million up for wholesale

I want to start a foodstuffs business like rice,beans,garri,indomie, groundnut oil,vegetable oil,salt e.t.c please can I get a distributor for that

Please ask other traders where distributors are located in your environment

Plss ma,do u know of any distributor of yams,red oil,crayfish, rice,beans,onions nd potatoes in anambra state I want to start the business

So sorry, I don’t any in Anambra except other states for different foodstuff

Thanks so much for this great information, I appreciate you Eno.

you are welcome @Adeola

Where can I get my own food stuff I’m at Abeokuta along oj I’mere

find out from traders around you

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Michael Pollan's deliciously simple meal plan to avoid ultra-processed foods — and where it falls short

Michael Pollan is probably best known for the seven simple words of diet advice he first used to open a New York Times essay in 2007, which later became the backbone of a bestselling book :

"Eat food. Not too much. Mostly plants ."

He knows it's really not so simple.

"We all make compromises," Pollan told Business Insider ahead of the release of his latest documentary, Food, Inc. 2 , out April 12. "We do the best we can, and people pick out the issues they want to deal with, and can deal with."

At home, Pollan tries his best to avoid eating industrial meat, eggs, or any other product from big factory farms.

He and his wife have set up their life to make healthy eating easy and affordable. They keep a stash of well-sharpened knives, ready to chop and cook a rainbow of veggies for dinner most nights. Lately, his table's featured stir-frys and pasta dishes, as well as some wild salmon, since they happen to be running in Alaska this season. Pollan also enjoys cooking a firmer, more protein-rich form of tofu I'd never heard of called yuba, which is essentially a soymilk skin. Hearty stews , perhaps with Indian or Moroccan-inspired spices, are some of the other fan favorites simmering around his kitchen island in Berkeley, California.

It sounds very healthy, very delicious, very aspirational … and pretty impossible. Because it is.

The reality is that Pollan does participate in America's industrialized food system. He's spent the better part of two decades investigating the way food corporations combine chemicals, plants, and animals in some very toxic ways, and as a result he feels "really uncomfortable participating in a system that was so brutal, not just to the animals, but to the workers in it," he told BI. But he knows that, ultimately, if you want to participate in US society, some amount of toxic and unethical food is unavoidable.

"If you had me over to your house and you were cooking a pork shoulder, I wouldn't be rude I would eat it," he said. "I'm not so zealous about it."

Still, he might have some intrusive thoughts while eating store-bought sliced white bread or fruit salad. He worries about the glyphosate that's doused on industrial wheat right before harvest and the harsh pesticides often sprayed on thin-skinned fruits like strawberries (he opts for organic whenever he can, but even that's not a guarantee of safety). "I think that the more you know about food, the more it shapes your diet," he said.

'Plant-based' is just a marketing trick from Big Food

Pollan's new documentary (in select theaters now, and streaming on Amazon Prime) is a follow-up to his Academy Award-nominated 2008 release "Food, Inc." "Food, Inc. 2" focuses on the few mega-companies that dominate our grocery stores and often end up deciding what we put in our mouths.

The film explores what happened at a Tyson meat processing plant in Waterloo, Iowa, during the first days of the COVID-19 outbreak (spoiler alert: it wasn't great.) It also features the voices of tomato pickers in Florida fighting for fair pay, Taco Bell employees asking for the same, one inventive farmer bringing a regenerative gizmo called the "clustercluck " to his cornfields, and Democratic Senator Jon Tester, who (when he's not in Washington) works an organic farm in Montana.

Over 90 minutes, the documentary takes you on a rather bleak journey through time, highlighting the many ways our food system has actually gotten worse since the release of the first Food Inc. 16 years ago.

And yet, it ends on a head-spinningly optimistic note. The shift is so stark it's almost funny. Just before the credits roll, the film encourages viewers to join the "movement" on its website, which encourages us to (surprise, surprise) eat fewer ultra-processed foods, support our local farmers by shopping at their markets when we can, reduce meat and dairy consumption, and then in our spare time, lobby for more antitrust law enforcement against the handful of big food companies that dominate the market for baby formula , meat, cereal, and other staples. Simple.

"The industry has a strong interest in complicating our relationship to food, creating problems that it can then solve — but it's a lot simpler than people think," Pollan says.

Is it though? Speaking to Pollan made me feel even more strongly than before that, even in a best-case scenario , for the thin slice of Americans who have the time, money, plus institutional and cultural support to adopt all of these grand ideas, some of the worst parts about our big, bad food system cannot be avoided. The emulsifiers that may mess with our gut bacteria in weird and poorly understood ways are sorely needed to keep food shelf-stable. And even if we stick to organics, the soil quality ain't what it used to be around here, meaning we derive less nutrients from the foods we eat.

"If you do eat food, not too much, mostly plants, you're going to be fine," Pollan tells me, doubling down on his old phrase.

But even he admits some caveats with his next breath. He's frustrated by the misleading "aura of health" that has sprung up around everything plant-based. That's a whole new game of whack-a-mole we have to play in the grocery store aisles. After all, sugar cane is a plant, and so is the corn that so many of our stabilizers, artificial sweeteners, flavors, and added ingredients come from. Plant-based diets aren't necessarily a beacon of health.

"I don't regard a lot of the stuff in the supermarket as food," he tells me.

But it's what we have.

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Varun gets beverages, food, Devyani gets healthcare, education: RJ Corp’s succession plan

Rj corp founder and chairman ravi jaipuria said that the succession planning of the conglomerate has been established, including a roadmap for varun and devyani to take on strategic leadership roles..

Updated Apr 23, 2024, 9:37 AM IST

Ravi Jaipuria finalises succession plan for RJ Corp for children Varun and Devvyani

Master franchise company, RJ Corp, that runs PepsiCo’s second-largest bottling plant outside the US, Varun Beverages, and Devyani International that runs KFC, Pizza Hut and Costa Coffee outlets in India, is looking into the next generation to take on the mantle. Ravi Jaipuria, Chairman of the $3 billion-RJ Corp, formalising the succession plan, has given the food and beverages business to his son, Varun, while the daughter, Devyani, has been given charge of the healthcare and education side.

BCG’s top 25 global value creators list: Jindal Stainless, Dixon Technologies, Varun Beverages take the cake
Yum Restaurants exits Devyani International, mops up Rs 871 crore in block deal

According to a report in the Economic Times, Ravi Jaipuria told the financial daily that the succession planning of the conglomerate has been established, including a roadmap for Varun and Devyani to take on strategic leadership roles. He added that the daily operations would be run by the professionals as usual.

He will remain the chairman of RJ Corp, as well as oversee growth, policies, expansion and diversification. The 70-year-old billionaire said that the framework was envisaged with stability and continuity, as well as the addition of fresh perspectives into new leadership. The succession plan allows his children, Varun and Devyani, to focus on the broader strategic initiatives and long-term vision.

Jaipuria said that the professional team will continue to be central to the strategy, and that the blend of professional management and strategic leadership is key to driving RJ Corp forward.

WHAT VARUN AND DEVYANI JAIPURIA WILL GET

Varun Jaipuria, 36, has been given charge of Varun Beverages and Devyani International. Varun Beverages and Devyani International, named after the siblings, are listed.

Devyani Jaipuria, 39, has got the healthcare businesses, including hospital chain Cocoon, Delhi Public Schools in Gurugram and Jaipur, along with DPS International School in Gurgaon and Dharav High School in Jaipur.

Varun Beverages bottles and distributes PepsiCo beverages like Pepsi, Mirinda, 7UP, Mountain Dew fizzy drinks, Sting energy drink, Tropicana juice, Slice juice, and Aquafina water. It has 45 manufacturing facilities and operates in nine countries, including South Africa, Morocco, Zambia, Zimbabwe, Nepal and Sri Lanka.

Devyani International runs KFC, Pizza Hut and has exclusive franchise of Costa Coffee, homegrown chain Vaango, and Food Street brand that runs food courts in malls, airports, highways and hospitals. It has its presence in Nepal, Nigeria and Thailand.

RJ Corp’s healthcare vertical includes Cryovia Biotech that provides umbilical cord blood stem collection, processing and storage. It operates in Thailand, Singapore, West Asia, Nepal, Vietnam and east Africa.

DPS, DPS International, Pravaah, Modern Montessori International London are part of its education vertical.

Business | Historic Markley Hotel will be redeveloped as…

Business | Historic Markley Hotel will be redeveloped as small-business, retail hub with student housing next door

The exterior of the vacant Markley Hotel on Harford Road, the historic and vacant Markley Hotel, which will be redeveloped into center for retailers and other entrepreneurs as part of larger revitalization effort for Harford Road. Developer MCB Real Estate acquired the building as part of a project with Morgan State to develop a 151-unit student apartment building under construction next door. MCB is donating the Markley building to Dory's organization to redevelop with The Cube Cowork, the nation’s largest black-woman run co-working space. (Lloyd Fox/Staff)

People in Baltimore’s Lauraville and Beverly Hills neighborhoods have long known the sprawling brick building in the 4500 block of Harford Road as The Markley Hotel, though it’s not clear whether it ever hosted overnight guests.

A new chapter is starting for the former D. Markley Supply Co. seed and general store and warehouse as a community hub, with student housing for Morgan State University next door.

The historic Markley building, which sits on a 3-acre, former industrial tract that Baltimore-based MCB Real Estate purchased in 2022, would become a hub where food and retail entrepreneurs run stalls and kiosks. The $7 million project also involves transforming a second-floor loft into a gathering and event space for entrepreneurs and young professionals, along with offices. Construction is expected to start this summer.

Hamilton-Lauraville Main Street, which works to revitalize the Harford Road commercial corridor, began planning the 24,000-square-foot center after MCB donated the Markley building to the nonprofit group.

On the site’s remaining land, MCB is building a 151-unit Class A apartment building to house students from Morgan State’s campus less than a mile away. The apartments are expected to open by summer 2025.

Revitalization of the 4500 block, which has long struggled with vacant and deteriorating buildings, was seen as a critical link to Harford Road’s redevelopment, including new stores and restaurants, that has occurred both north and south of the site, said Daniel Doty, executive director of the Main Street group.

“There was just this huge property that was very difficult to do anything with,” Doty said. The redevelopment “is helping to bring life to the entire area.”

The Main Street group is redeveloping the Markley with the help of MCB and The Cube Cowork, an existing Harford Road-based business that calls itself the nation’s largest Black woman-run coworking space. The Cube will expand to the Markley and become the anchor tenant, leading the effort to attract and retain entrepreneurs. It will continue to run its current Harford Road location, where entrepreneurs lease its offices, co-working space, conference rooms and event space.

Daniel Doty with Hamilton-Lauraville Main Street and Tammira Lucas, CEO of The Cube Cowork, inside the Markley building. Historic and vacant Markley Hotel will be redeveloped into center for retailers and other entrepreneurs as part of larger effort to revitalize Harford Road Main Street. Developer MCB Real Estate acquired building as part of larger redevelopment at Morgan State including a 151-unit student housing apartment building that is under construction. MCB is donating building to Main Streets to redevelop in partnership with Morgan State and The Cube Cowork the nation's largest black-woman run co-working space.(Lloyd Fox/Staff)

“Because the demand has been so high, in the sense of other services that entrepreneurs need, when we saw this space we thought that this would be a great expansion,” said Tammira Lucas, The Cube’s leader and small-business adviser. “This gives them a home. Something that they lack is a place where they can actually be stable but also not have the extreme overhead of a brick and mortar space.”

MCB, the development firm that purchased and is redeveloping Harborplace, decided to donate the Markley and work to repurpose it as part of its mission to foster overall neighborhood growth through its projects, said Amy Bonitz, MCB’s vice president of community development.

The idea for the new facility is to offer space for companies to grow and later potentially open their own stores or restaurants on Harford Road, Doty said. The vision includes offering affordable space for small retailers, food-based businesses, including a pop-up cafe, small media companies and other entrepreneurs.

“We aim to build something truly impactful here,” he said.

The group also is relying on help from the business and entrepreneurial programs at Morgan State’s Graves School of Business and Management.

The project was awarded a $2.5 million state historic tax credit as well as a $1 million grant from the Maryland Department of Housing and Community Development. Plans call for restoring the building’s signature two-story wraparound porch.

The property was initially used as a general store around the turn of the last century, selling farm seed and equipment to farmers on their way to markets in Baltimore, and a warehouse that supplied coal, said Reni Lawal, a development associate with MCB who researched the property’s history when applying for the historic tax credit. The Markley family once lived in upstairs quarters. Lawal said she believes the last member of the Markley family moved out in 1955.

The Markley was later used by a magazine, an adult day care program and a church. It has been vacant for about a decade.

Daniel Doty with Hamilton-Lauraville Main Street touring the second floor of the Markley building. Historic and vacant Markley Hotel will be redeveloped into center for retailers and other entrepreneurs as part of larger effort to revitalize Harford Road Main Street. Developer MCB Real Estate acquired building as part of larger redevelopment at Morgan State including a 151-unit student housing apartment building that is under construction. MCB is donating building to Main Streets to redevelop in partnership with Morgan State and The Cube Cowork the nation's largest black-woman run co-working space.(Lloyd Fox/Staff)

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IMAGES

How to start a foodstuff business in Nigeria (Full Guide)
How to Start a Profitable Foodstuff Business in Nigeria with Low
How to Start Foodstuff Business in Nigeria
How to Start a Foodstuff Business in Nigeria
How to Start a Foodstuff Business in Nigeria
How To Start Foodstuff Business In Nigeria

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How to start Foodstuff business in Nigeria 2023

COMMENTS

How to Start Foodstuff Business in Nigeria (Earn ₦3m Monthly)
The bigger your capital is, the higher your earnings. If you have higher start-up capital, you'll be very much celebrated in the raw food business industry. In Nigeria, you can start a foodstuff business with ₦100k to ₦2m. Remember, your amount of capital will specify your profit margin.
Foodstuff Business Plan in Nigeria
We help institutions and organizations write concepts, implement Business plans, and train on business Plan writing in Nigeria. We can help you write a detailed, bankable and comprehensive business plan for your business idea. Call any of our business plan consultants on 08105636015, 08076359735 and 08113205312.
How To Start Foodstuff Business In Nigeria (Earn ₦1m Monthly)
Financial Planning and Budgeting. Financial planning and budgeting are critical components of starting a foodstuff business in Nigeria. You need to determine the startup costs, operating expenses, and revenue projections for your business. This will help you determine the amount of capital you need to start and run your business.
How To Start Foodstuff Business In Nigeria (Earn ₦1m Monthly)
Well, in case you don't know, capital is the money used to start a business. There is no specific amount to start a raw foodstuff business in Nigeria; you can budget your little money and begin the business with it. However, it is recommended to have at least N300,000 to N1,000,000, as you know that the bigger the capital, the bigger your stock.
How To Start Foodstuff Business in Nigeria (A-Z guide)
1. Have a Plan. The first step towards launching a profitable foodstuff business in Nigeria is devising a strategy. This practice is often overlooked by numerous foodstuff vendors in Nigeria, yet it's crucial to treat a foodstuff business like any other commercial venture. The plan doesn't necessarily need to be formal.
How To Start A Profitable Foodstuff Business In Nigeria
The cost of starting a foodstuff business in Nigeria depends on a number of factors, including the size and location of your business, the type of products you sell, and the cost of rent and utilities. However, you can expect to spend anywhere from ₦100,000 to ₦500,000 to get started.
11 Tips to Start foodstuff Business
The following - make an arrangement of what you have effectively done and what you can do in the future.. Read on: Top 50 Millionaires Business for Petroleum Engineers See also: S: Top 50 Business for Caterers in Nigeria 3. Foodstuff business: Other Useful Steps. It can be helpful to solicit a guidance from some person who has involvement in the foodstuff business.
How to Start a Lucrative Foodstuff Business in Nigeria
There is no set amount needed as startup capital for the food industry or the raw food industry. However, if you want to start a small-scale food business in Nigeria, you can do it with between N500,000 and N1,000,000 in funding. You'll require between N2,000,000 and N5,000,000 on a medium scale and between N10,000,000 and above on a huge scale.
How to Start a Profitable Raw Foodstuff Business in Nigeria: A
Plan for seasonality by diversifying your product range or investing in long-term storage solutions. Quality Control. ... Starting a raw foodstuff business in Nigeria can be a rewarding endeavor, but it requires careful planning, dedication, and adherence to legal regulations. With the right approach and a commitment to quality, your business ...
Raw Foodstuff business in Nigeria: how to start and ...
Cost of starting a foodstuff business in Nigeria. This depends on the scale of production. For retailing and wholesale you will need between #50,000 to #2,000,000 while distributor will need between #500,000 to #4,000,000. How lucrative is foodstuff business in Nigeria. Foodstuff business is a lucrative business, you can earn up to #400,000 on ...
How To Start Foodstuff Business In Nigeria
2. It's a lucrative business. Foodstuff business in Nigeria is not only in-demand business but also a lucrative one. You can get to make a lot of profits doing foodstuff business in Nigeria. 3. Business can be done online. You don't have to sit all day long in a shop in the name of doing foodstuff business in Nigeria.
Starting a Foodstuff Business in Nigeria
How to start a Foodstuff business in Nigeria. Steps to Launch a Dry Cleaning Business in Nigeria. 1. Choose Your Niche; 2. Perform Market Research; 3. Prepare a Good Business Plan; 4. Register Your Business; 5. Get a Delivery Truck; 6. Get reliable Suppliers; 7. Set Up Your Own Price; 8. Plan your Payment Structure; 9. Hire Staff; 10. Use an ...
How to Start a Foodstuff Business in Nigeria: Cost ...
In Nigeria, you Can start a foodstuff business with as little as 100,000 Naira, and as much as 1 million Naira and above. That simply means if you can raise from 100K and up to 500K and above, you can start a foodstuff business in Nigeria. Just keep in mind that your start-up cost will determine your profit margin.
How To Start A Lucrative Foodstuff Supply Business in Nigeria and
Foodstuff supply business in Nigeria and Africa is a highly lucrative venture due to the growing population and the increasing demand for foodstuffs. Nigeria, in particular, has a large market for foodstuffs due to its high population of over 200 million people. The country is one of the largest producers of food in Africa and
How to Start a Foodstuff Business in Nigeria
Foodstuff business or raw food business does not require any specific amount as start up capital. But on a low scale, you can start a foodstuff business in Nigeria with a capital of N500, 000 - N1000,000. On a medium scale level, you'll need like N2,000, 000 - N5,000, 000 and then on large scale N10, 000, 000 and above.
How to start a foodstuff business in Nigeria (Full Guide)
Consider starting as a retailer or wholesaler (you need a good capital to be a wholesaler). Enquire about the price of foodstuff business you wish to start (That's the only way to get the accurate amount you need to start the business). You must work on the demand and the availability of the food item you want to specialize in.
Requirements And Cost Of Starting A Foodstuff Business In Nigeria
Foodstuff business is a fast-growing trend in the food industry in Nigeria. And thereby the exact amount needed to start a foodstuff business varies according to the processes it took before being established. Starting a foodstuff business in Nigeria might cost between $750 to $8000 on a minimum startup cost.
How To Start A Foodstuff Business In Lagos, 2024, Foodstuff Business Ideas
2. The capital is required to start the business. The food staff to be sold will determine the capital you will need. Some foodstuffs require a large capital compared to others. 3. Have a business location in mind. You can sell your foodstuff anywhere. What you need to control is the price of the foodstuff.
How To Start Foodstuff Business In Nigeria
Renting a Store or Space. This is one of the essential requirements for your foodstuff business. You need a strategically located store to display your products. Therefore, your location counts. In other words, where you choose to locate your store will impact on sales. We recommend areas with a lot of foot traffic.
Step-By-Step Guide How To Start Foodstuff Business In Nigeria
Things You Need to Start A Foodstuff Business In Nigeria. After hiring the shop, you'd need to purchase some things for your business to start running. Some of them include: • Floor tiles: In most cases you might meet your shop without tiles. If you have enough budget, it'll be best to tile the shops as it will help in beautifying it.
How to Start Foodstuff Business in Nigeria
Get your Capital Needed. There is no specific capital needed to start a foodstuff business or grain business in Nigeria. But with that been said it does not mean you can start with any amount you have. So on average, to start a foodstuff business in Nigeria you will need a capital of N400,000 (N400K) - N1,000,000 (N1M).
Raw Food Stuff Business Plan in Nigeria
Mission Statement for Raw Food Stuff Business Plan. To make raw foodstuffs to be accessible in both the local and domestic markets. To make sure that raw foodstuff is sold in the supermarket directly to avoid the use of preventive measures which could be harmful to the body. To ensure that foods with a chemical that can damage the human body ...
How To Start Raw Foodstuff Business In Nigeria
Nigeria population helps in making foodstuff business very lucrative. Table of Contents hide. 1 How to Start Foodstuff Business in Nigeria. 1.1 Capital. 1.2 Identify where to buy Foodstuff. 1.3 Carve a Niche. 1.4 Shop. 1.5 Make shelve or Table. 1.6 Items needed in foodstuff business.
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How to Start Foodstuff Business in Nigeria (Earn ₦3m Monthly)

Foodstuff Business in Nigeria

Cost of Starting a Foodstuff Business in Nigeria

How Profitable is Foodstuff Business in Nigeria?

List of the Best Foodstuff Business Ideas in Nigeria

How to do Foodstuff Business in Nigeria

How to Arrange Food Stuff Shop

How to Start Foodstuff Business in Nigeria Successfully

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How To Start Foodstuff Business In Nigeria (Earn ₦1m Monthly)

Understanding the Nigerian Foodstuff Market

List of foodstuffs to sell in Nigeria

How to Start a Cyber Cafe Business in Nigeria: A Comprehensive Guide

How to Start Foodstuff Business in Nigeria (2024)

Regional Preferences and Trends

Business Planning

Financial Planning and Budgeting

Registration and Legal Requirements

Food Safety and Health Regulations

Location and Setup

Store Design and Layout

Supply Chain Management

Inventory Management

Marketing and Branding

Effective Marketing Strategies

Sales and Customer Service

Customer Relationship Management

Growth and Expansion

Exploring New Markets

How Much Do I Need to Start up a Food Stuff Business?

Food Stuff Business Ideas?

Is Food Stuff Business Profitable?

Bottom Line

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How To Start Foodstuff Business In Nigeria (Earn ₦1m Monthly)

List of foodstuffs to sell in Nigeria

How To Start Foodstuff Business In Nigeria (2023)

How profitable is the foodstuff business in Nigeria?

Raw Foodstuff business ideas in Nigeria

FAQs – Frequently asked questions.

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How To Start A Profitable Foodstuff Business In Nigeria

What is a foodstuff business?

Why start a foodstuff business in Nigeria?

How profitable is the foodstuff business in Nigeria?

Steps to start a foodstuff business

– Secure funding

How to Secure Funding:

– Choose a location for your business

– Get the necessary permits and licenses

– Set up your business

How much to start a foodstuff business in Nigeria

List of food items to sell in Nigeria

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Foodstuff business: A Great Opportunity in the Foodstuff business

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