Economy
How to Make Millions Producing Garri in Commercial Quantity
By Darlinton Omeh
Garri production is a very big business that is churning out millions of Naira for those doing just the ways it should be done.
The investors with the right machinery are making real money producing this essential commodity in some great quantity to serve the market that is far from being saturated as the demands of it continues to increase.
It is a viable business because it is one of the most widely consumed food in Africa and beyond. As the population of Africa continues to grow along with its economy, likewise the demands of staple foods like garri continue to match up with it.
In Nigeria today, there are both big and small scale garri producers that are making fortunes with the business and are living the comfortable lives of their choice. They are not looking at the business as anything that could dwindle any time soon because the rate of interests in larger quantity production of it is not threatened at all.
So in this post, we will be providing you some step by step guides on how you too could have your share of the millions that are already being made by those into the business.
We have to do this because with the right kind of knowledge on how to produce garri in greater quantities, a serious investor stands the chance of raking in millions and could exceed his greatest imaginations base on is possible with garri business.
Starting A Garri Production Business
To start with, Garri is a product of cassava which thrives in African soil due to good tropical climate. Even when other farm produce fails, cassava is very sure to live up to expectations in bringing good harvest to the farmers.
There are so many ways to convert the produce of cassava into different foods in Africa which garri happens to be the most among the list and its accepted throughout Nigeria as a common food for all. Put simple, garri is a common man’s food.
Sometimes and no matter how intense the economy is or how hard other food commodities may be to obtain in the market, the common question from caring relatives or others are usually, ‘Hope you are eating garri or ebba?’as its otherwise called. Just to show you how sure and affordable garri is.
Garri is very common and that has affected its prices for a long time now and making it to be stable. At least, close to 80 percent of cassava produce are processed into garri just to show you how high the demands of garri is around within the country not to talk of having it exported to other countries which those who met the stringent exports requirements are doing.
You may not have to concern yourself over that because you can still make it big producing and selling it locally and even contact those exporting it to be buying from you if are sure of enough quantities and best processed products.
If you have interest in garri production, here are some tips to guide you into making it a reality as you are sure to have your millions to show for it.
For any serious entrepreneur to go into garri production, he may have to invest in cassava production which in its own is a profitable farming in Nigeria.
But if you are sure of having a steady supply of cheap and fresh cassava tubers, then you can still make it without your own farm.
Another important thing to keep in mind is that cassava is a perishable item and if left for a long time it may get spoiled and that would affect your end product; because of that, always have the time frame in mind whenever you are placing order for a fresh supply or going to the market to buy yourself.
You also need to understand that there are varieties available in the markets and so make yours to be in line with what is preferred locally and in various demands too in case you have different markets with different taste traditions in mind.
For instance, if you taste a Yoruba made garri and Igbo version, you are bound to notice some major and minor differences just like you would of a Togo and Ghana garri.
The guideline is to know what appeals to your market, if not one may end up with the right product in the wrong market.
In Nigeria, one may have the options of producing garri with varying methods and have it taken to the market for sale but among these various methods of productions, manually produced garri usually last longer than quickly made ones which contains moisture and starts getting bad as soon as it’s bagged, but the downside of this methods of production is that it doesn’t pass the international standards and are not fit for exportation.
If you want garri to last for months without any form of degenerating, then take time to prepare yours by making sure that there is no moisture contents in the finished products which can be achieved using machine production.
Instead of just going the markets and buying finished products for sale which may not meet the preferred standards, if one could spare the time and effort in having it produced properly even if it costs higher, you will be assured of having regular buyers that prefers good and well processed garri for distribution to markets of interest.
For those that could afford it, investing in cassava processing machinery could go a long way in having quality end products in market and that gives the person peace of mind while selling it because those who are dealing with quickly processed ones are usually in a hurry to have theirs sold off before it begins to spoil in their hands, but if you are known to be having good quality of well processed garri in the market, that has the capabilities of positioning you well even before the exporters to the foreign markets.
Since every other things are going technological, garri processing is not left behind. Before now and still, there are those who are still using the old and crude methods of processing garri, which many say is economical, but in terms of hygiene, it scores zero.
There are now some machines in the Western parts of Nigeria which takes up the process of cassava tubers on the arrival at the plant and have them turned into hygienically ready to eat end product of garri.
One stands better chances of having this done perfectly, if one is into the farming himself, which is not all that hard as explained here.
Go for this modern tech in garri productions as it is sure to take off manual labour and give you the best of what you want. Garri production is a serious discussion on the internet and offline because people are just waking up to the realities of what are achievable with good production of well processed garri in the market.
Farming has been discovered to be the number one investment that many people can be in and still not be able to satisfy the market demands. Garri is such that no matter how much you are able produce it, once it’s of some high qualities of internationally acceptably standards, you are sure to be shaken hands with full time exporters that are into millions themselves and which you would become by having business dealing with them.
By Adedapo Adesanya
Nigeria’s economy is projected to remain resilient in the face of mounting global uncertainties, with the World Bank forecasting a 4.2 per cent growth rate in 2026.
However, the global lender has warned that rising fuel costs and persistent inflation, worsened by geopolitical tensions in the Middle East, could undermine household incomes and slow poverty reduction.
Speaking in Abuja, the bank’s lead economist for Nigeria, Mr Fiseha Haile, noted that while the ongoing US-Israel-Iran conflict has pushed up prices, overall economic activity has remained largely intact.
“Overall business activity has been expanding over the past few months, suggesting the impact on growth has been relatively contained. But the shock is still being felt through higher inflation,” Mr Haile said.
According to him, business activity has continued to expand in recent months, indicating that the broader impact on growth has been “relatively contained,” even as inflationary pressures intensify.
Nigeria’s inflation rate, though significantly reduced from around 33 per cent in December 2024 to 15.06 per cent in February 2026, remains elevated compared to regional peers.
“Inflation is still elevated and under increasing pressure, and that poses risks to incomes and poverty reduction,” Mr Haile said.
The renewed surge in fuel prices, reportedly rising by over 50 per cent during the Iran conflict, has had a ripple effect on transportation, food, and production costs, amplifying the cost-of-living crisis.
The World Bank urged Nigerian authorities to adopt prudent macroeconomic measures, including tightening monetary policy, avoiding blanket subsidies, and saving windfalls from higher oil prices to strengthen fiscal buffers.
It also recommended reconsidering restrictions on fuel imports as a potential tool to ease inflationary pressures.
The economic reforms under President Bola Tinubu — including the removal of fuel subsidies, exchange rate unification, and tax restructuring — were acknowledged as ambitious steps aimed at stabilising the economy.
These reforms have contributed to improved external buffers, with rising foreign exchange reserves and reduced volatility.
Additionally, Nigeria’s fiscal deficit stood at 3.1 per cent of GDP in 2025, while the debt-to-GDP ratio declined for the first time in a decade.
Yet, the World Bank cautioned that tighter global financial conditions could still pose risks to capital inflows, borrowing costs, and remittances.
By Aduragbemi Omiyale
The Frontier Market status of Nigeria, earlier yanked off by FTSE Russell, has now been fully restored.
The platform earlier reclassified the country’s status to Unclassified following several uncertainties and economic issues.
But after recommendations from its Equity Country Classification Advisory Committee and Policy Advisory Board, the Frontier Market status has been restored by FTSE Russell, marking a significant milestone in the country’s reintegration into global investment indices and signalling renewed opportunity for international investors.
However, this will take effect from September 2026, with the outcome announced as part of the March 2026 interim review and communicated to investors across key global markets.
The decision reflects sustained improvements in Nigeria’s market infrastructure, accessibility, and overall investability, driven in large part by enhancements to the Nigerian Exchange (NGX) platform. These include strengthened trading systems, improved settlement processes, and increased transparency, all of which have contributed to a more efficient and accessible market environment for domestic and international investors.
According to the FTSE Quality of Markets assessment, Nigeria recorded Pass ratings across several core criteria, including regulatory oversight, capital repatriation, brokerage competitiveness, tax framework, and settlement efficiency, with a T+2 settlement cycle in operation. These gains reflect deliberate efforts to align market operations with global standards and improve the investor experience.
While acknowledging this progress, the review also highlighted areas for further development, including foreign exchange market depth, transaction cost efficiency, derivatives market availability, and certain custody and clearing mechanisms. Addressing these gaps will require continued coordination across regulators, market operators, and the broader financial ecosystem.
FTSE Russell noted that its country classification process combines detailed technical assessment with input from global institutional investors, ensuring that both structural conditions and real-world investor experience are reflected. The organisation also commended Nigerian market authorities for their continued engagement.
“This milestone reflects the strength of collaboration across Nigeria’s capital market ecosystem, but importantly, the deliberate efforts to strengthen the underlying market infrastructure that supports efficient trading, transparency, and investor access,” the chief executive of NGX Group Plc, Mr Temi Popoola, said.
“At NGX Group, we have remained focused on building a more resilient, accessible, and globally competitive platform, and this reclassification affirms the progress made.
“We will continue to work closely with regulators, market operators and stakeholders to deepen reforms, address identified gaps, and sustain momentum towards higher market classifications,” he added.
The Frontier Market designation is expected to enhance Nigeria’s visibility among global asset managers and index-tracking funds, potentially unlocking new capital inflows and broadening participation in the market.
As global investors increasingly prioritise markets with strong infrastructure, transparency, and accessibility, Nigeria’s re-entry into the FTSE Frontier Market universe underscores the critical role of market infrastructure in enabling capital formation and connecting local opportunities to global capital.
By Adedapo Adesanya
A 1.61 per cent fall was recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Tuesday, April 7, on the back of selling pressure.
The profit-taking chopped off N38.87 from the market capitalisation of the trading platform, leaving it at N2.378 trillion compared with the N2.417 trillion it ended last Thursday, when the bourse last witnessed trading activity.
Similarly, the NASD Unlisted Security Index (NSI) dropped 22.57 points to close the session at 3,975.34 points, in contrast to the preceding session’s 4,040.30 points.
The market breadth index was at equilibrium yesterday after recording three price gainers and three price losers, led by Okitipupa Plc, which depleted by N15.00 to N260.00 per share from N275.00 per share. Central Securities Clearing System (CSCS) Plc dipped by N6.31 to N71.69 per unit from N78.00 per unit, and FrieslandCampina Wamco Nigeria Plc went down by N1.00 to N92.00 per share from N93.00 per share.
Conversely, First Trust Mortgage Bank Plc appreciated by 20 Kobo to N2.28 per unit from N2.08 per unit, UBN Property Plc also improved by 20 Kobo to N2.18 per share from N1.98 per share, and Impresit Bakalori Plc gained 19 Kobo to sell at N2.20 per unit versus N2.01 per unit.
During the session, the volume of securities dipped by 99.7 per cent to 797,264 units from 260.2 million units, the value of securities went down by 83.1 per cent to N26.1 million from N154.2 million, and the number of deals decreased by 28.3 per cent to 33 deals from 46 deals.
Great Nigeria Insurance (GNI) Plc remained the most traded stock by value (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by CSCS Plc with 57.1 million units sold for N3.9 billion, and Okitipupa Plc with 27.5 million units valued at N1.8 billion.
GNI Plc was also the most traded stock by volume (year-to-date) with 3.4 billion units traded for N8.4 billion, followed by Resourcery Plc with 1.1 billion units exchanged for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units transacted for N1.2 billion.
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