We’ll examine a step-by-step tutorial on how to start a successful fertilizers business in Nigeria in this article.
Any substance, whether natural or manufactured, applied to soil or plant tissues to give one or more nutrients necessary for the growth of plants is referred to as a fertilizer (or fertilizer).
Farmers now utilize fertilizers more frequently due to their numerous advantages, which include: • Increasing crop production • Improving soils with low quality
When pastures are improved, livestock also benefit. When marshland is drained, fertilisers can help reclaim that land for pasture. Crops grown with fertilisers grow faster, especially when hybrid seeds are used.
The fertilizer industry is expanding quickly as more people become interested in agriculture. For instance, nearly 75% of overall revenue in the rural sector comes from agriculture and allied sectors.
Just for cereal crops including paddy, wheat, and corn, nearly 85 million tons of fertilizer are used globally each year.
Nigerian fertilizer types
Before choosing which fertilizer to use, you should be aware of the needs of your plant. There are various forms and types of fertilizers.
The several fertilizers you should be familiar with as a farmer are listed below:
• Fertilizers containing nitrogen:
Nitrogen (N), the plant nutrient in charge of growth, is very helpful in fertilizers, particularly in the middle phases of a plant’s life cycle. It needs enough “motivation” at this point to grow huge and sprout leaves.
Forms of fertiliser
How to start a fertiliser distribution company
• Write a business plan
• Acquire the necessary licences for running a fertiliser distribution business
There are laws guiding the operations of businesses in every country. If you’d be running your business in Nigeria, you’ll first have to register your business name with the necessary bodies. There are many benefits of registering your business name, especially if you’d be interesting in seeking for business funding in the later run.
Whether a grant or a loan from a government institution or financial body, you’d be required to present your CAC certificate to prove that your business is legal in Nigeria.
• Find suppliers to partner with
There are various ways of getting suppliers. For instance, you can talk with local farmers to know the brands of fertilisers they use. After which you’d contact the suppliers to begin negotiating to see if you both can agree on a price.
Alternatively, you can with your local Chamber of Commerce or Better Business Bureau. There are also a number of free business listing websites in Nigeria that you can visit to place a quick search.
• Buy/rent the necessary equipment and building
You’ll be needing an office and a computer at your house. Depending on your scale, you might also be needing a truck to convey the fertilisers to your customers and a warehouse for storing your inventory.
While running the business, also remember to keep the environment safe from pollution. Endeavour to follow the careful storage and handling policies to avoid polluting the local water supply.
• Advertise your goods
At this stage, you’d need to make people know of your business. You can contact businesses or individuals with discounts and other incentives as first time customers.
You can also consider taking your business online by having an official website. It is very affordable and will help you reach more potential customers at very affordable rates.
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