This business idea is for rearing pigs. aimed at the production and sale of 360 pigs annually. The revenue potential is estimated at NGN36m ($94,489) per year with a profit margin of 75%. The total capital investment for the project is NGN 1.68m ($4406) and the payback period is almost 5 months. The business risk involved in this idea is the high rate of infection, which spreads quickly among the animals. However, this can be mitigated by increasing the animal’s resistance e.g. by improving the quality of feeds.

Technology and processes description

The items needed include shelter, feeds, piglets, water, feeding troughs, and animal drugs. The pig rearing process involves feeding them very well, cleaning the pen, monitoring the health of the animals, and have them grow to the weight of 80Kgs and above to be ready for sale. Pigs also reproduce so you don’t have to buy more piglets.

Scale of Investment 

Capital Investment Requirements (CBN Exchange rate – $1 to 380) as of 26 Oct, 2020
Capital Item Qty Cost/unit (NGN) Amount in  (NGN) Amount in (USD)
WheelBarrows 5 15000 75,000 196.85
Spades 40 1500 60,000 157.48
Piglets 25 40,000 1.000,000 2624.67
Piggery Shade 1 200,000 200,000 524.93
Feeding Troughs 25 13,750 343,750 902.23
Total 1,678,750 4406.17

Production and Operating Costs

Item: Direct costs Pdn Cost/ month Pdn Cost/ Year1 (NGN) Pdn Cost/ Year1 (USD)
Feeds 200000 1,200,000 3149.61
Drugs 8763 105,156 276.
Sub-Total 1,305,156 3425.61

General costs (Overheads) 

Cost/ Year1 (NGN) Cost/ Year1 (USD)
Labour 1,200,000 3149.61
Utilities 320,000 839.90
Administrative expenses  150,000 393.70
Total 1,670,000 4383.21

Production is assumed for 365 days per year. Depreciation assumes 2-year life of assets written off at 50% per year for all assets

Project product Costs and Price Structure 

Item Period Output Unit Price (NGN) Total Revenue(NGN) Total Revenue(USD)
Pigs 1 year 360 100,000 36,000,000 94,489

Profitability Analysis Table

Profitability Item Per Year (NGN) Per Year (USD)
Revenue 36,000,000 94,489
Less: Production and Operating Costs 4,653,906 12214.99
Profits 31,346,094 82273.21

Sources of supply of equipment 

All equipment and raw materials are readily available in most African states. 

Market Analysis 

The structure of the pig market is wide throughout the year in butcheries as pork is popular among the public. There are several pork joints in the city and upcountry making the demand for pork high. 


The animals are prone to diseases such as swine fever that need close monitoring by a Veterinary expert.