Despite huge earning from oil proceeds, Nigeria remains largely an agrarian economy with agriculture accounting for about 50 per cent of employment. Besides, cocoa, cashew, palm oil, rice, cassava and soyabean, one other major cash crop that has huge potentials to boost farmer’s income, the economy and create more jobs is moringa. But regretably, its full potentials is yet to be tapped in the country. Few farmers, who once used their agricultural skills to feed their families, now have the opportunity to turn moringa farming into profit making, as the how to make millions in the forex is highly huge in USA, China and other European countries.
Ironically, Chinese, Indians, Veitnamese and South Korea companies are all over Lagos looking for Moringa seeds, as a bag of moringa seed costs N150,000 to N170,000 depending on the weights. In Kano state, the Chinese usually pay a moringa farmers in advance far ahead of the harvesting period. Moringa is a cheap seedling with high returns on investment and grows in every part of the country, but farmers are yet to appreciate the full benefits of the tree. In Zamfara alone, a trader in moringa seeds rakes in N6 million every year because the seed has more monetary value than the leaves with a kilo of it sold for N1,800 to N2,000. During the raining season, farmers can harvest at least three times a season, depending on the size of the farm. A farmer can also generate significant income to meet the family’s financial needs.