Egg business in Nigeria is one of the most lucrative business ideas that move fast all across the country. This business can be started by anybody anywhere in Nigeria.
The egg supply business is one that could make you millions of naira profits in Nigeria. Not only because eggs sell fast, but the profit margin too is great.
While the business can be started by anybody, it requires some experience, and also you need to follow a step-by-step guide to succeed as an egg distributor in Nigeria.
That is why we’ve come up with this post to show you exactly how to start egg supply business in Nigeria. Not just that, but you’ll also discover the cost of starting, the profits to expect, and of course, how to succeed as an egg supplier in Nigeria.
Without further ado, let’s get started!
Starting Egg Business in Nigeria
Egg supply business in Nigeria involves the sourcing and distribution of eggs to retailers, supermarkets, restaurants, and so on for good profits.
The business is very profitable, and the availability of lots of poultry in many parts of the country has made it easy too. The egg business in Nigeria can be operated within or outside a state, or town.
That means eggs are also transported from one state or town to another for sale. This is because they are more profitable in some places than others. For example, transporting eggs from Oyo, Ogun, and Osun State to Lagos.
Related: How to Start a Profitable Foodstuff Business in Nigeria
Is Egg Business Profitable in Nigeria?
Yes, the egg supply business is very profitable in Nigeria, as you make up to 500 Naira or more per crate of egg sold even at wholesale price.
The profitability of this business is due to many reasons including high demand. Eggs are good for human health, hence making a lot of Nigerians consume them more often. The high demand for eggs is also due to them being considered a replacement for fish and meat.
Because eggs are cheaper and more affordable for lots of Nigerians than fish and meat, a lot of households prefer consuming eggs. Also, restaurants usually use eggs, as they sell faster than other foods add-ons in Nigeria.
So, the high demand is the major factor that drives the profitability of egg business in Nigeria. Seasonality inflation also affects the profitability of this business.
See Also: 33 Most Profitable Businesses to Start in Nigeria and Make Millions
How Much Does it Cost to Start Egg Distribution Business
The cost of starting an egg business in Nigeria ranges from 200,000 Naira to millions of Naira. Although it depends on how big or small you want to start.
This startup capital will account for the purchase of eggs to sell, rent of the shop/store, needed types of equipment, cost of transportation, and so on.
So, in a case where no material or means of transportation like a vehicle is available, you may not be able to start with 200K, as you may need more (probably like 500K) to get started as an egg distributor in Nigeria.
Read Also: 50 Smart Daily Income Businesses in Nigeria
How to Start Egg Supply Business in Nigeria
Here’s a comprehensive step-by-step guide to start egg business in Nigeria in 2023:
1. Understand the Business
The first step in starting an egg business in Nigeria is getting to understand the business. This can be achieved by carrying out thorough market research.
To do this, you’ll have to meet someone in your area that is already in the business and do some findings. Make a research on how the business works, the cost of starting, and what is needed to get started.
Also, you’ll need to find out about the best place to buy eggs as a distributor, the places to sell, and the price range of eggs per crate, and piece. Lastly, you’ll want to ask if there’s any legal law that guides the business, or associations to jointly operate the business legally in your area.
Related: The Most Profitable Food Business Ideas to Start in Nigeria
2. Draft a Simple Business Plan
After getting to understand the business, the next step is to draft a business plan. Although not mandatory if you’re starting on a small scale, for the success of your business you need to make your business plan simple, but well-detailed.
Your business plan will serve as a road map from starting your business to operating it and even scaling later on as you grow. So, you want to make it as realistic as possible. Writing your business plan, you must outline your objectives, and target both in terms of growth and profit.
In an egg business plan, you’ll also need to outline the best and cheapest means of transportation and supply, your pricing, how you want to beat the competition, and all other things that will lead to the success of your business.
3. Arrange for Funding
With your business plan ready, now is the time to raise the capital to start the business. We’ve discussed how much it will cost you above, or better still, you’ll find out more if your market research is well done.
Starting on a small scale, you can raise your capital from your personal savings. However, if you want to start on a large scale, but don’t have enough startup funds, you can source from friends, seek business partnerships, or venture capital to invest in your business, while you do the hard work.
4. Find a Large Scale Poultry
With your capital now ready, the next thing is to source the best egg-producing poultry that will meet your demand anytime.
Here, you’ll need to do your research by going from one farm to another seeking their price and terms of service, then going with the one that best fits your criteria.
Also, if you carry out step one (understanding the business) perfectly, you should know what to consider will source poultries to work with. Perhaps, the person you meet should be able to recommend the best ones in your area.
Related: How to Start a Profitable Frozen Food Business in Nigeria
5. Arrange for a Storage Facility
Eggs needed to be stored well to avoid spoilage. So, you would want to set up a good storage facility for the eggs even before purchasing them from the poultry.
You can rent a shop to start. You can also utilize a spare room in your house to store your eggs. This is great if you will be distributing eggs to buyers’ places, without having them come to buy from your shop.
6. Get a Vehicle
You need a vehicle to transport eggs from the poultry to where they will be stored, and also from your store to the buyers. So, you must get a car to start an egg business in Nigeria.
Although getting a car isn’t necessary if you’re starting on a small scale, as you can just hire a bus, or perhaps have a bike man to do all the transportation for you. Although, public transport is not advisable, as eggs are very fragile and could break if not handled with care.
Check Out: How to Start a Transportation Business in Nigeria
7. Get Other Needed Tools
With your storage facility, and means of transportation now ready, the next thing in starting an egg supply business in Nigeria is to get all the needed equipment and tools to run the business.
Crates are one of the most essential equipment needed in operating an egg business in Nigeria. This is because they are where eggs are arranged for safety, and without them, the eggs may break, and you could end up losing.
The cost of getting crates depends on the types you wish to go for, as there are two types. The paper-type egg crates, and the plastic-type egg crate.
See Also: How to Start a Palm Oil Business in Nigeria and Make Millions
8. Get Started and Get Working
With everything from steps one to seven in place, the next thing is to get started with the business. Getting started selling eggs in Nigeria comes with a lot of things including sourcing buyers and marketing your products.
First of all, you need to keep in mind that eggs cannot be stored for long, or they’ll get spoiled. So, you need to think of the fastest way to sell them once you get them from poultries.
You can start by using word of mouth as a means of promoting the business. This can be done by identifying your target market. Go out there and look for egg retailers, restaurants, industrial companies, supermarkets, and so on, and tell them about your business, and convince them on how you can serve them better than your competitors.
Egg Supply Business – FAQs
Where to buy eggs in bulk in Nigeria?
The best place to buy eggs in bulk in Nigeria would be a popular egg-producing poultry in your area.
Where can I supply my eggs?
You can supply your eggs to retailers, restaurants, Mai Shai, food manufacturing companies (e.g Bakeries), supermarkets, events, and so on.
How many eggs are in a crate in Nigeria?
There are 30 eggs in a crate in Nigeria.
Conclusion
The egg supply business in Nigeria is a very profitable one to venture into in any part of the country regardless of your gender, as it can be started both on a small scale and a large scale. With this post on how to start an egg business in Nigeria, I believe you’ve gotten the knowledge needed to start and operate the business successfully.
