Ginger farming has recently received a lot of attention as it has proven to be a very lucrative business with little or waste recorded.
It is no news that most Nigerian youths complain about unemployment and lack of employment opportunities. However, the agricultural sector is in dire need of people who will invest wholeheartedly in farming so as to reap the promised reward.
Late Isaac Durojaiye popularly known as ‘Otunba Gadaffi’ owner of DMT toilets said something. This was what he said “Shit business is serious business”. So don’t look down on any kind of business you want to do, so long as it’s legitimate then you’ll succeed. Besides, Ajemart will always support you in your agricultural endeavours. Let’s go into the business of the day. Shall we?
Nigeria is one of the largest producers of ginger in the world. In 2017, the total volume of ginger harvested in Kaduna State in Nigeria alone was over 724,000 metric tonnes. And this figure does not account for the other over 7 ginger production states like Nasarawa, Gombe, Benue, Bauchi, and others who also produce ginger in the country.
The abundance and large production volumes of ginger farming in Nigeria makes it a lucrative business for export since ginger is in high demand internationally.
It is no news that sun dried split ginger is in high demand around the world; hence, if you’re looking to become one of the most successful sun dried split ginger exporters in Nigeria or are an international buyer looking for how to buy fresh or sun dried split ginger in Nigeria from ginger suppliers in Nigeria without losing your money, you should read on.
Ginger is a flowering plant whose rhizome, ginger root, or simply ginger, is widely used as a spice or medicine. It is usually harvested as fresh ginger and then can be processed and exported as either ginger powder, sun dried split ginger or fresh ginger to international buyers around the world.
Facts About Ginger Farming in Nigeria
- Ginger is majorly grown in the Northern regions of the country, especially Kaduna. While Gombe, Bauchi, Benue, Nassarawa and some others are smaller producers of the crop.
- Kaduna state is the largest ginger producing state in Nigeria with over 724,000 metric tonnes of ginger produced in 2017 in the state alone.
- Growing Ginger can create a great source of employment.
- Ginger is exported as fresh ginger, ginger powder, and sun dried split ginger.
- Nigeria is the second largest producer of ginger in the world.
- Nigeria is the third largest exporter of ginger after China and India.
- According to the United Nations Food And Agricultural Organisation, Nigeria’s ginger is regarded as the best in the world
- Ginger can be used as spice or medicine.
- The profit margins on the sale of Ginger to international buyers can be anywhere from 20% to 45% depending on if you’re the farmer or are purchasing from the farms.
- As a broker, you can venture into this business with $0
Setting Up Your Ginger Export Business
- Register Your Export Business:
The first step to starting a Ginger farming business is to register a legal business. To do this, you must first register a limited liability company with the Corporate Affairs Commission of Nigeria, then go on to register your business with the Nigerian Export Promotion Council and any local associations regulating the purchase and sale of Ginger.
Registered business names are not allowed to register with the NEPC, and so, you can only function as an exporter with a Limited Liability Company registered under the laws of the Federal Republic of Nigeria.
- Find Direct Farms and Sources For Exports:
Although this can be done before, during, or after your company has been registered with the appropriate bodies, the next step is to source for farmers who are into ginger farming or to find the best buying centres to purchase from.
Successful fresh ginger or sun dried split ginger exporters in Nigeria usually have direct access to the farmers or buying centres so they can get the best possible price. Going through a proxy would waste more time, cost more money, and reduce your profit margins.
- Setup A Proper Business Structure, Trade Process, & Branding:
During or after registering and securing your buyers, it is important you set up a proper business structure that looks internationally reputable. Some ways successful sun dried split ginger exporters in Nigeria do this to do this are to build an international standard website, get a business address, create a company profile, and also have a corporate offer format you can customize and send to buyers who request an offer. Also set up a corporate email that reads something like this: “[email protected]”.
If renting an office is too expensive, you could pay for a virtual office at a co-working hub and use their address for meetings.
When fresh ginger or sun dried split ginger exporters in Nigeria organise their companies this way, buyers would feel really confident about doing business with them and would tend to choose their businesses as their preferred partner.
- Source For Buyers:
The next step is to source for international buyers for your fresh ginger or sun dried split ginger. Successful sun dried split ginger exporters in Nigeria do this by registering on websites like:
And several others.
You can also build an influential social media account on LinkedIn and market your Ginger to a unique business audience you’d build over time.
- Export Your Products:
Upon sealing agreements with the buyers, getting issued an Irrevocable Corporate Purchase Order, signing a Sales and Purchasing agreement, and more, you can then proceed to ship the fresh ginger or dried split Ginger to the international ginger buyer.
Ajemart can help in the successful delivery of your products in a timely and professional manner. Contact us today to get started with your delivery
The shipment could be done on either Free On Board (FOB) or Cost, Insurance and Freight (CIF) basis. Where FOB means you cover the cost of the goods and every other thing till its arrival at the shipping point, and CIF means that you cover the cost of everything including insurance and transporting the goods to the buyer’s port of destination.
The fresh or dried split Ginger export business is a lucrative one for anyone who chooses to venture into the export of agricultural products from Nigeria. Depending on the quantity the buyer needs, your profit margins could be far higher or lower, but still substantial.