Spices are common ingredients in many dishes across Nigeria and beyond. We love them for the rich flavour, colour and taste they give our food. They play such an important role in our daily lives that it’s difficult to imagine our world without spices. Spices are consumed daily by almost the whole Nigerian population. This means it is a good business to venture into, with good spice branding and packaging. You will add values to the society, which will in turn take you to the millionaire club.
Cultivation: Most of the world’s spices are grown in tropical regions of the world where sunlight and rainfall are abundant all year round. Countries like Ethiopia, Madagascar and Tanzania earn significant foreign exchange by exporting spices and herbs to Europe and the United States. Trading and Processing: If you don’t have the land, skill or time to cultivate spices, you could buy the fresh and half-processed spices from farmers and sell them to processing facilities or process them yourself for export and for local market. When spices are processed , they last longer and retain their value. As a result, most spices can be stored for longer periods without any need for advanced or expensive storage facilities.
The beautiful thing about brand names is that you earn the right to charge customers more for the same product. Are there local spices in your area that are sold “naked” in the open market? This is opportunity to make money and add value to our economy. Package the spices in an attractive bottle, sachet or anything that works for you. Give your product a name to set it apart from the “ordinary” and “naked” spices in the open market.