Economy
How Keeping A Small Farm Can Prove To Be A Sustainable Business
In the world today, it is more important than ever to find sustainable ways of living. One way to achieve this is by keeping a small farm. Small farms can provide a variety of sustainable products and services while also preserving the environment. We will explore some of the benefits of keeping a small farm and how it can be a viable business model. So, let’s get started!
Setting Up A Small Farm
Before we dive into the benefits of keeping a small farm, it is important to understand what exactly a small farm is. A small farm is defined as an agricultural enterprise that employs fewer than ten workers (excluding family members). Small farms can be operated as sole proprietorships, partnerships, or corporations. The majority of small farms are family-owned and -operated. On a small farm, you can keep anything from chickens to cows, and some vegetables. Supplies you’ll need on such a farm include chicken feed, coops, fencing, and other basic equipment. Additionally, you will need to obtain the proper permits and licenses before setting up your small farm.
1. Local Production Of Food
One of the main benefits of keeping a small farm is that it allows for the local production of food. As the world population continues to grow, the demand for food will only increase. Small farms can meet this demand by producing food locally. This is important because it cuts down on transportation costs and helps to reduce the carbon footprint of the food that is consumed. Additionally, locally-grown food is typically fresher and tastier than food that has been transported long distances.
2. Preservation Of The Environment
Another benefit of keeping a small farm is that it helps to preserve the environment. Small farms tend to use fewer pesticides and chemical fertilizers than large commercial farms. They also require less land, which means that there is less deforestation. Small farms also tend to have a more diversified crop rotation, which helps to improve soil health. All of these factors help to create a more sustainable and eco-friendly agricultural system.
3. Improved Mental And Physical Health
Keeping a small farm can also have a positive impact on your mental and physical health. Studies have shown that working in nature can reduce stress levels and improve overall well-being. Additionally, working on a small farm can provide you with a moderate amount of exercise, which is beneficial for your physical health. Studies have also shown that people who work on farms have a lower risk of developing dementia.
4. Economic Stimulation
Small farms can also have a positive impact on the economy. When you buy products from a small farm, you are supporting local businesses and farmers. This helps to stimulate the local economy and keep money within the community. Additionally, small farms typically use less energy than large commercial farms. This means that there is less of a demand for fossil fuels, which helps to reduce greenhouse gas emissions.
5. Community Engagement
Finally, keeping a small farm can help to engage the community. Small farms provide an opportunity for people to learn about where their food comes from and how it is produced. They also offer a space for people to come together and connect with nature. On a small farm, you are more likely to develop relationships with your neighbours and other members of the community. Additionally, small farms can be used as a venue for events such as farm-to-table dinners, weddings, and other gatherings.
How To Keep Your Farm Sustainable
Most small farms start as sustainable but soon become unsustainable when they expand and try to produce more. The key to keeping your small farm sustainable is to focus on quality, not quantity. Here are some tips for how to do this:
1. Use Natural Farming Methods
One of the best ways to keep your small farm sustainable is to use natural farming methods. This means avoiding the use of pesticides, chemical fertilizers, and other harmful chemicals. Instead, focus on using organic methods to grow your crops and raise your animals. This will help to preserve the environment and improve the quality of your products.
2. Diversify Your Crop Rotation
Another way to keep your small farm sustainable is to diversify your crop rotation. This means growing a variety of different crops to improve soil health. When you diversify your crop rotation, you will also reduce the risk of crop failure. This will help to ensure that you always have a reliable source of income.
3. Keep Your Animals Healthy
Another important aspect of keeping your small farm sustainable is to keep your animals healthy. This means providing them with a clean and safe environment. It also means feeding them a healthy diet and ensuring that they get enough exercise. By keeping your animals healthy, you will be able to produce high-quality products that are in demand.
4. Invest In Renewable Energy
Finally, one of the best ways to keep your small farm sustainable is to invest in renewable energy. This includes solar panels, wind turbines, and other green energy technologies. By investing in renewable energy, you will be able to reduce your reliance on fossil fuels. This will help to protect the environment and save money in the long run.
Financing Your Farm
Starting a small farm can be a costly endeavour. However, there are several ways to finance your farm. One option is to take out a loan from the government or a private lender. Another option is to seek out grants and other forms of financial assistance. Additionally, you can also crowdfund your farm or sell products to raise money. Also, be sure to look into tax breaks and other incentives that may be available to farmers.
Small farms offer several benefits, both for the environment and for the people who work on them. They are typically more sustainable than large commercial farms and can provide several economic, social, and health benefits. If you are thinking about starting a small farm, be sure to keep these tips in mind to make sure that it is sustainable. And also check out this guide on how to start a successful small farm.
Nigeria’s business environment continues to evolve rapidly, presenting both opportunities and challenges for entrepreneurs. In recent years, digital transformation has become a cornerstone for growth, with businesses across various sectors embracing new technologies to remain competitive. For those looking to thrive in this dynamic landscape, understanding market trends and leveraging innovative strategies is crucial.
Whether it’s a startup or an established enterprise, success often hinges on adaptability, strategic planning, and the ability to seize emerging opportunities. Even in sectors like entertainment and sports, where trends shift quickly, businesses must stay agile to maintain relevance. For instance, some entrepreneurs are exploring new revenue streams such as online platforms, including activities like แทงบอล ufabet, which have gained popularity due to their accessibility and appeal to a broad audience.
The Nigerian Business Landscape in 2025
The Nigerian business landscape in 2025 is marked by rapid technological adoption, increased competition, and a growing demand for digital solutions. Sectors such as fintech, e-commerce, and digital marketing have seen significant growth, driven by a young, tech-savvy population. Entrepreneurs are now leveraging digital tools to streamline operations, reach wider audiences, and improve customer engagement. The government’s push for economic diversification has also created new opportunities in agriculture, manufacturing, and renewable energy. However, businesses must navigate challenges such as regulatory hurdles, infrastructure gaps, and fluctuating market conditions. Despite these obstacles, the resilience and creativity of Nigerian entrepreneurs continue to drive innovation and growth.
Why Strategic Planning is Essential
Strategic planning is the foundation of any successful business. It involves setting clear goals, identifying resources, and developing actionable steps to achieve objectives. In Nigeria’s competitive market, businesses that invest time in strategic planning are better equipped to anticipate challenges, capitalize on opportunities, and adapt to changing circumstances. Effective planning also helps businesses allocate resources efficiently, minimize risks, and maximize returns. Entrepreneurs should regularly review and update their strategies to stay aligned with market trends and customer needs. By doing so, they can maintain a competitive edge and position their businesses for long-term success.
Leveraging Digital Tools for Growth
Digital tools have revolutionized the way businesses operate in Nigeria. From cloud-based software to social media platforms, these tools enable businesses to automate processes, enhance communication, and reach a global audience. For example, e-commerce platforms allow businesses to sell products online, while digital marketing tools help them target specific customer segments and measure campaign effectiveness. Additionally, mobile payment solutions have made transactions faster and more secure, improving customer satisfaction. By embracing digital transformation, businesses can increase efficiency, reduce costs, and expand their market reach.
Building a Strong Team Culture
A strong team culture is vital for business success. It fosters collaboration, boosts morale, and drives innovation. Nigerian entrepreneurs should prioritize creating a positive work environment where employees feel valued and motivated. This can be achieved by promoting open communication, recognizing achievements, and providing opportunities for professional development. A cohesive team is more likely to overcome challenges, generate creative solutions, and contribute to the overall growth of the business. Investing in team-building activities and leadership training can further strengthen the organizational culture.
Overcoming Common Challenges
Nigerian businesses face a range of challenges, including access to finance, regulatory compliance, and competition. Access to capital remains a major hurdle for many entrepreneurs, particularly startups and small businesses. Regulatory compliance can also be complex and time-consuming, requiring businesses to stay informed about changing laws and policies. Additionally, intense competition in key sectors can make it difficult for businesses to differentiate themselves. To overcome these challenges, entrepreneurs should seek support from government agencies, industry associations, and financial institutions. Building strong networks and partnerships can also provide valuable resources and guidance.
Adapting to Market Trends
Adapting to market trends is essential for staying relevant in Nigeria’s fast-paced business environment. Entrepreneurs must stay informed about emerging trends, consumer preferences, and technological advancements. This can be achieved by conducting market research, attending industry events, and monitoring competitor activities. By anticipating changes and responding proactively, businesses can seize new opportunities and mitigate potential risks. For example, the growing demand for sustainable products and services presents opportunities for businesses to innovate and differentiate themselves.
Importance of Financial Management
Effective financial management is critical for business sustainability and growth. It involves budgeting, cash flow management, and financial reporting. Nigerian entrepreneurs should prioritize financial literacy and seek professional advice when needed. Proper financial management enables businesses to track performance, make informed decisions, and secure funding. It also helps businesses comply with regulatory requirements and build trust with stakeholders. By maintaining sound financial practices, entrepreneurs can ensure the long-term viability of their businesses.
Future Outlook for Nigerian Entrepreneurs
The future outlook for Nigerian entrepreneurs is promising, with continued growth expected in key sectors such as technology, agriculture, and renewable energy. The government’s focus on economic diversification and infrastructure development is likely to create new opportunities for businesses. Additionally, the rise of digital platforms and e-commerce is expected to drive innovation and expand market reach. Entrepreneurs who embrace change, invest in digital transformation, and prioritize strategic planning are well-positioned to succeed in Nigeria’s evolving business landscape.
By Adedapo Adesanya
The federal government, states and the Local Government Councils have received a sum of N1.928 trillion from the revenue generated in November 2025 by the federation.
According to a statement by the Federation Account Allocation Committee (FAAC), the earnings were shared at the December 2025 FAAC meeting held in Abuja, where the total distributable revenue comprised statutory revenue of N1.403 trillion, Value Added Tax (VAT) revenue of N485.838 billion, and Electronic Money Transfer Levy (EMTL) revenue of N39.646 billion.
It was disclosed that total gross revenue of N2.343 trillion was available in the month of November 2025, with N84.251 billion deducted for cost of collection and N330.625 billion for total transfers, interventions, refunds and savings.
FAAC stated that gross statutory revenue of N1.736 trillion was received for the month of November 2025, lower than the N2.164 trillion received in the month of October 2025 by N427.969 billion.
Gross revenue of N563. 042 billion was available from VAT in November 2025, lower than the N719.827 billion available in the month of October 2025 by N156.785 billion.
In November 2025, Excise Duty increased moderately while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), CIT on Upstream Activities, Companies Income Tax (CIT), CGT and SDT, Oil & Gas Royalties, Import Duty, CET Levies, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL) and Fees recorded substantial decreases.
From the N1.928 trillion total distributable revenue, the federal government got N747.159 billion, the state governments received N601.731 billion, and the local councils shared N445.266 billion, while N134.355 billion was given to benefiting states as 13 per cent of mineral derivation.
On the N1.403 trillion distributable statutory revenue, the national government received N668.336 billion, the 36 states got N338.989 billion, and the LGAs received N261.346 billion, and N134.355 billion shared as 13 per cent of mineral revenue.
In addition, from the N485.838 billion distributable VAT revenue, the central government got N72.876 billion, the state governments shared N242.919 billion, and the local councils shared N170.043 billion.
Further, N5.947 billion was taken by the federal government from the N39.646 billion EMTL, the states shared N19.823 billion, and the councils received N13.876 billion.
By Adedapo Adesanya
The duo of Golden Capital Plc and FrieslandCampina Wamco Nigeria Plc weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.04 per cent on Monday, December 15.
This pulled down the NASD Unlisted Security Index (NSI) by 1.37 points to 3,599.06 points from last Friday’s 3,600.43 points and the market capitalisation lost N820 million to close at N2.153 billion compared with the preceding session’s N2.154 trillion.
Golden Capital Plc depleted by 94 Kobo to end at N8.51 per share compared with N9.45 per share and FrieslandCampina Wamco Nigeria Plc depreciated by 63 Kobo to sell at N59.60 per unit versus N60.23 per unit.
During the session, the volume of securities traded at the session slumped by 98.4 per cent to 600,402 units from 37.4 million units, the value of securities fell by 99.8 per cent to N7.8 million from N4.9 billion, and the number of deals shed 36.4 per cent to 21 deals from 33 deals.
At the close of trades, Infrastructure Credit Guarantee Company (InfraCredit) Plc remained the most traded stock by value with a year-to-date sale of 5.8 billion units valued at N16.4 billion, followed by Okitipupa Plc with 178.9 million units transacted for N9.5 billion, and MRS Oil Plc with 36.1 million units worth N4.9 billion.
InfraCredit Plc was also the most traded stock by volume on a year-to-date basis with 5.8 billion units worth N16.4 billion, trailed by Industrial and General Insurance (IGI) Plc with the sale of 1.2 billion units for N420.3 million, and Impresit Bakolori Plc with 537.0 million units traded for N524.9 million.
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