How to Start Groundnut Business in Nigeria

Many Nigerians underrate and overlook this business simply because it is commonly done by the unskilled or semi-skilled categories of people, whereas, this people doing it are not only making their ends meet with it but also living good with it.

Though the purpose of this piece is to explain and teach you how to do groundnut business as a side hustle. This means that you add this business to your existing ones. A salary earner too can do this business, so it does not meant for only businessmen or businesswomen.  It is just an additional source of income to your current one(s).

Everyone loves and eats groundnut. We use groundnut in cooking as well as a supplement to some foods like gaari, corn, and others. There is groundnut oil, too, this tells us that groundnut is very popular among foods not only here in Nigeria but also in the world over.

Groundnut business is very lucrative, you make almost double of your investment. It is a very low capital intensive business. It does not require millions or tens of thousands before you can kick-start. With just N1000, you can start your own groundnut business.

Roasted groundnut business is very common, you would have come across some adults who hawk roasted groundnut in your area. Those people are making it big with this business many people overlook when it comes to side hustle business. Though it is peculiarly done by women, but men too can engage themselves in this business. It is not necessary you hawk around, you can market your roasted groundnut through delivery to:

• Supermarkets
• Shopping malls
• Provisional Shops
• Offices
• Banks
• Event centres 
• Schools
• Houses 
• Hotels

Your customers will contact you when they are in need of supply. Most of these establishments  like shopping malls, hotels and provisional shops always in need of groundnut supplier,  visit them one after the other and get their contacts. Visit schools too. The teachers will surely buy your roasted groundnut once you package them well and appear neat. Bankers too do buy roasted groundnut from suppliers like you. When people in your area know that you are into this business, they start asking you to make some for them. The fact is that there is always market for this business.

How Lucrative is Roasted Groundnut Business? 

It is very lucrative.  You make virtually double of your investment. In raining season, you make three times of your investment because there's always surplus of this produce. You can make a profit of #1,500 from #1000 investment. Imagine how much you will make monthly if you market your product very well.

For every business, there is need to visit those already into it for information gathering as regards the business. This will help you to know about the current market situation of the business. Also, you will need to learn how to roast groundnut. The training shouldn't require you more than a day, for, it is very easy to roast and watching someone doing it only one time is enough.

Things You will Need to Start

1. Groundnut  (raw)

2. Salt ( used to steam the groundnut before roasting for better taste)

3. A pot (for roasting purpose)

4. Very soft sand (used in roasting to avoid burnt groundnut)

5. Iron spoon (used in roasting, purposely for steering to avoid burnt groundnut)

6. Leather(nylon) or other bottle containers (for packaging)

7. Tray (if you will need to display it somewhere for passer-by)

To get groundnut, visit any major markets around you. It is found in food markets.