Groundnut (Arachis hypogaea) is a major crop grown in the arid and semi-arid zone of Nigeria. It is either grown for its nut, oil or its vegetative residue (haulms). Recently, the use of groundnut meal is becoming more recognized not only as a dietary supplement for children on protein poor cereals-based diets but also as effective treatment for children with protein related malnutrition.
It is the 13th most important food crop of the world and the 4th most important source of edible oil. Its seeds contain high quality edible oil (50%), easily digestible protein (25%) and carbohydrates (20%).
The crop is mainly grown in the northern part of Nigeria; over 85% of the groundnuts produced in the country were accounted for by Kano, Kaduna, Taraba, Bauchi, Bornu, and Adamawa states and Nigeria is recognized to be the highest producer of groundnut in Africa.
Funding Information: Groundnut
Unit Price = ₦25,000.
Farm Cycle = 6 Months.
Farm Location: Kachia LGA, Kaduna State
Returns on Invested Funds: 20%
Land Acreage: 250 acres
Units Available: 740 units.