Ginger is a common agricultural produce commonly used in almost every household in Nigeria, either as a spice for cooking or for medicinal purposes. Most people don’t know the many other potentials and beneficial usefulness of ginger. Apart from its highly medicinal attribute and the wonderful taste and aroma it adds to delicacies, which makes it in high demand, the ginger root is used as raw material in manufacturing processes of health products, drinks, baked goods and many other consumer goods. Here are 5 reasons why ginger farming is a very lucrative source of revenue in Nigeria:
- There are 3 aspects of ginger which when packaged have different market values and potentials namely, fresh whole ginger root, dried ginger and powdered ginger.
- China has strongly influenced the ginger market due to the large volume of the product that it exports, as most of its farms are mechanized. However, Nigerian ginger, which has a high level of oleoresins, has attracted importers from different countries such as Italy, which is used by some of its global high fashion brands like Armani, as one of the ingredients for its perfume. This gives exportation of the product high prospects.
- Its variety of uses has created a high demand for it in the international market which will continue to rise, making ginger farming a potentially high source of income and revenue generation.
- Ginger is cultivated mostly in the northern part of Nigeria with Kaduna having 50% of the production. It is available throughout the season which makes the farming and exportation of the product from Nigeria both lucrative and easy to do.
- Nigeria is the largest exporter of dried split ginger among the other countries in the world such as India, China, Jamaica, Australia and Sierra Leone where ginger roots are grown and exported.
Olatorera Consultancy Limited provides business development services to high net-worth individuals and companies looking to grow, enter or do business in Africa.