The price of a goat in Nigeria depends on many factors. In the northern part, goats cost N7,000 to N15,000 while in the southern part, the price ranges from N10,000 to N25,000. The price of a goat depends on its weight and the season. The price of a goat in Nigeria varies according to weight, breed and season. If you want to buy a goat cheaply, go for non-festive periods.
The cost of a fully matured goat in Nigeria is N6,000 to N8,000. In Lagos, the same animal sells for N4000 to N5000. In Porthacourt and Lagos, the price of a goat may be around N4000. If you want to sell a goat yourself, it is advisable to hire an agent for at least two months until you get used to the market.
There are several types of goats that are suitable for rearing in Nigeria. Most people prefer the Alpine goat, which is strong and bearded. The goats produce large quantities of milk every day, and the breed is known for high fertility. They need plenty of food and water. The Anglo-Nubian goat is another popular breed, and is reared for milk, meat and skin. It has different colours and skin textures.
Sokoto red goats are commonly found in northern Nigeria. They are red in color, with only a few black goats. Sokoto goats are small and mostly reared for milk. They can also be found in Maradi, Niger. Sokoto red goats are one of the most common village goat breeds in the northern two-thirds of Nigeria. Sokoto red goats are often found in the Sokoto region, but they are found all over the country.
Regardless of whether you’re raising goats for milk, meat, or other products, you’ll need land for your new livestock. You’ll need land that is suitable for pasture, and a location close to markets. It’s important that your new livestock has plenty of fresh water to drink, and that it has good ventilation. It’s also important to get a veterinarian in case your goats become ill.
When it comes to quality, goats are priced differently. A good goat will have a clean coat, healthy skin, and no visible injuries. A good goat will be worth more than a poor one. It’s also important to note that a pregnant do will cost more than a non-pregnant one. To get a pregnant do, it should be checked for signs of pregnancy by a veterinarian and be visible to the naked eye. A male goat, castrated or not, will cost less than a female one.
Is goat farming profitable in Nigeria?
In Nigeria, the goat farming business commercially has a great return of investment ratio (ROI). That means you will get good returns of total capital or investment within a year or two years. Good profit starts from the 2nd year of starting goat farming in Nigeria.
How much profit does a goat farmer make?
At present the annual gross revenue of the goat farm is Rs. 4 to 5 lakhs and total annual expenditure is Rs. 1.5 to 2 lakhs giving an annual net income of Rs. 2 to 3 lakhs.
What does a goat cost?
Goat meat costs about 400 per kg while the Boer variety is priced at 1,750 per kg for male and 4,000 per kg for female goats. Depending on the weight, prices range from 60,000 per goat and 90,000 per goat.
What is the best goat to raise for profit?
– Beetal Goat: Beetal breed goats are mainly found in the Batala subdivision of Gurdaspur district of Punjab province. …
– Black Bengal Goat: …
– Barbari Goat: …
– Jamnapari Goat: …
– Sirohi Goat: …
– Gaddi Goat:
Is goat breeding a profitable business?
Rearing of goats is not a new enterprise and the process has been taken place since the time immemorial. Rearing goats is a profitable business. Due to its good economic prospects, goat rearing under intensive and semi-intensive system for commercial production is gaining momentum for the couple of years.
How do you make money from goat farming?
– Number of goat kids/batch = 90.
– Each baby goat weight in 4 months = 16 kg.
– Total weight gain = 1440 kg.
– Average live goat meat cost = Rs.200/kg.
– Total returns (gross profit) = 1440 x 200 = Rs.2,88,000.
– Running cost per batch = Rs.1,89,000.
– Total Profit = 2,88,000 – 1,89,000 =Rs.98,800.
How much profit does a goat make?
At present the annual gross revenue of the goat farm is Rs. 4 to 5 lakhs and total annual expenditure is Rs. 1.5 to 2 lakhs giving an annual net income of Rs. 2 to 3 lakhs.
How many goats do you need to make a profit?
Before you bring home any goats to supplement your green lifestyle, you have to determine how many goats you really need. One of the biggest mistakes new goat farmers make is getting too many goats. You need at least two goats so that they can keep each other company, but it’s better to start slow.
What is the profit of goat farming in Nigeria?
The Profit In Goat Farming Business If you produce just 500 goats yearly and each sold for $150 minimum, you will be making $75,000 per year. Take away $25,000 as the production cost, you will be left with $50,000 (₦8,000,000) from just 500 goats as pure profit.
How much money is required for goat farming?
At present the annual gross revenue of the goat farm is Rs. 4 to 5 lakhs and total annual expenditure is Rs. 1.5 to 2 lakhs giving an annual net income of Rs. 2 to 3 lakhs.
Is goat farming a profitable business?
Currently, goat farming has become a profitable business and requires a very low investment due to its multi-functional utility. Also, commercial goat farming business is contributing to the economy and nutrition of a country in a big way.
How profitable is goat farming in Nigeria?
In Nigeria, the goat farming business commercially has a great return of investment ratio (ROI). That means you will get good returns of total capital or investment within a year or two years. Good profit starts from the 2nd year of starting goat farming in Nigeria.
Is goat rearing a profitable business?
Currently, goat farming has become a profitable business and requires a very low investment due to its multi-functional utility. Also, commercial goat farming business is contributing to the economy and nutrition of a country in a big way.
What is the cost of 1 goat?
Goats at Rs 5000/unit | Goat | ID: 15786363248.
How much does it cost to start a goat farm in Nigeria?
Most, if not all of these building materials will be required to construct a habitable 100 capacity goat pen. In that case, the average cost of starting a goat farm in Nigeria is between ₦450,000 to ₦1,000,000 naira (depending on your location).
How much profitable is goat farming?
At present the annual gross revenue of the goat farm is Rs. 4 to 5 lakhs and total annual expenditure is Rs. 1.5 to 2 lakhs giving an annual net income of Rs. 2 to 3 lakhs.
