Investment opportunity in herbal plants
The growing of herbal plants on a commercial scale compared to crops like cocoa, cassava and other food crops is still very low in Nigeria. There are very few herbs plantations in Nigeria compared to some other African countries.The opportunities in growing herbs is enormous. Global trends toward healthier lifestyles have resulted in a tremendous expansion in demand for herbs and spices. As a result, there are lucrative opportunities for investors who wish to invest in the production of any exportable herbs and spices. Nigerian farmers and investors have the opportunity to get involved in the production, processing and marketing of herbs and spices.The market for herbs and spices can be divided into four segments. These are: culinary uses including fresh and dried powdered products, medicine and supplement applications, essential oils, and pharmaceuticalsMedicinal, herbal and aromatic plants constitute a large segment of the flora, which provide raw materials for use by pharmaceutical, cosmetic, fragrance and flavour industries.