Pineapple farming in Nigeria is another sure money maker. Thousands of fruit juices are made with pineapple and the makers of fruit juice are always on the lookout for pineapple farm where they could buy their raw material. With the current market price of pineapple in the market ranging from 150 to 300 for an average pineapple, it can be referred to as edible gold. One head of pineapple is sold for N200 in the local market while the same head of pineapple goes for N300+ in the fruit shops. For wholesale farmers, they sell for N70 to N100. Let us assume you harvested 200,000 pineapple fruits and decided to sell one for just N50 for wholesale, you will make a whooping N20 million. Takeaway N8 million as cost of production, labour, and transportation, you will have N12 million as pure profit.
Pineapple plants just like plantain and bananas only need to be planted once and after producing can fruit for the next 10 years if well maintained. Ask any Australian Farmer and he will tell you how huge the income in Pineapple Farming is in their country. Any juice maker that doesn’t have Pineapple flavor variety in his product line is not yet in business. That tells you how popular Pineapple is, not only in Nigeria but Worldwide. Nigeria seems to have better soil for Pineapple Farming than Australia where Farmers are making it big in the business. Another scenario for business plan in with your pineapple able to harvest one million fruits in a year, you will have earned at least N80 x 1,000,000 = N80, 000,000 total revenue.