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MAIZE PRODUCTION AND SALES IN NIGERIA; THE OPPORTUNITY.
Nigeria produces a wide range of agricultural commodities, which could serve as raw materials for industrial production and food crop for human consumption. This dual nature of these crops makes them to be in high demand and one of such crop is Maize.
Maize (Zea Mays) is a cereal crop that grows across a range of agro-ecological zones in Nigeria, though it is grown slightly more in the Northern part of the country. Two types of maize are grown in Nigeria, the yellow and white variety and due to its rate of adaptability, Maize is not a seasonal product and some of the major producing states in Nigeria includes Adamawa, Bauchi, Borno, Yobe, Jigawa, Gombe, Taraba, Plateau, Sokoto, Kebbi, Katsina, Nasarawa ,Niger and Zamfara.
Nigeria has a land area of 98.3m hectares and at present about 34m hectares or 48% are under cultivation. With this, one would have thought Nigeria would be self sufficient in Maize production but the reverse is the case. The country presently produces less than the market demand.
Much as been said and written on the investment opportunity available in the cultivation of maize but the essence of this article is to stress the local trading opportunity of maize in Nigeria and how interested investors can tap into such opportunity.
It is on record that more than 60% of Nigeria's production of maize is consumed by the industrial sector for production of flour, beer, malt drink, corn flakes, starch, syrup, dextrose and animal feeds. In order to meet the local demand for the crop, government placed a ban on the export of maize in Nigeria.
The current scenario represents a sellers market and an opportunity for interested investors to cultivation, process, package and sell maize to industry/ humans or just choose to trade on the commodity.
The product would be packaged in pp woven sacks of 50/100/150 KG depending the buyers requirement which abounds in different parts of the country.
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MAIZE PRODUCTION AND SALES IN NIGERIA; THE OPPORTUNITY.
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