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SUPPLY MAIZE TO LOCAL INDUSTRIES IN NIGERIA AND MAKE HUGE PROFIT.
Maize, also known as corn, is one of the most extensively cultivated cereal crops on Earth. More maize is produced, by weight, than any other grain, and almost every country on Earth cultivates maize commercially for a variety of uses.
Maize is used as a nutritional source for livestock as well as humans. It has also been used for fuel.
Maize (Zea mays, L.) is a staple food of great socio-economic importance in the Sub-Saharan Africa of which Nigeria is inclusive with per capital kg/year of 40. Nigeria has an annual maize production in excess of 7 million metric tons. In terms of volume produced, maize is the third most important cereal grown in Nigeria after sorghum and millet. It comes after wheat and rice in terms of world importance.
The total land area planted to maize in Nigeria is above 2.5 million hectares with an estimated yield of about 1.4 metric tonnes per hectare.
However, the unfolding performance of maize can be attributed to the fact that the bulk of the country’s farm, over 90% is dependent on subsistence agriculture (small holder farmers) with rudimentary farm system, low capitalization and low yield per hectare. Moreover, price fluctuation, diseases and pest, poor storage facilities and efficiency of resource utilization are the identified problems of low maize production in Nigeria.
The situation highlighted above has lead to a deficit in supply of maize which current stands at about 8.5 million tonnes annually to the 7 million tones being supplied annually. This is a seller’s market and an opportunity for savvy investors to take position.
The demand for maize in Nigeria is been fueled by the continuous grown been witnessed in the poultry and beverage sectors where they are used as raw materials.
The project involves the buying/sourcing of maize from farmers, packaging and selling same to livestock feed producers and beverage producers.
Maize is produced in virtually all the states in Nigeria, though some states produce more than others.
Some of states that maize is produced in large quantity in Nigeria includes Plataeu, Kano, Kaduna, Sokoto, Gombe, Bauchi, Zamfara, Benue, Kogi , Nassarawa and Taraba.
With N 1,500,000 and depending on the season, an investor can start the business of supplying maize to local industries in Nigeria.
The return on investment on the trading of maize is estimated between 10 %- 15%. In order to encourage the growth of local industries in Nigeria, the government placed a ban on the export of maize in Nigeria.
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SUPPLY MAIZE TO LOCAL INDUSTRIES IN NIGERIA AND MAKE HUGE PROFIT.
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