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INVESTMENT OPPORTUNITIES IN WHEAT IN NIGERIA

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Prospective Agribusiness Investors in Nigeria are increasingly seeking investment opportunities in Wheat In Nigeria and its value chain. Wheat is a specie of cereal grasses of the genus Triticum (family Poaceae) and their edible grains. Wheat is one of the oldest and most important of the cereal crops. The part of the country that supports wheat production In Nigeria is majorly the Northern. These include: Kano, Sokoto, Zamfara, Kebbi, Katsina, Yobe, Kaduna, Borno, Adamawa, Jigawa and Gombe. Production Statistic: Nigeria’s annual production rate of wheat is about 400,000 metric tonnes {MT}Nigeria. Consumption Statistics: Nigeria consumes about 4.2 – 4.7 million Metric Tonnes of wheat annually. Yield per Hectare: The yield per hectare of wheat under good practice in Nigeria is currently about 2 – 2.5 MT per hectare and up to 4MT per hectare for new improved variety. Local Pricing: Locally the price of wheat in Nigeria currently is about ₦20,000 – ₦22,000 per 100kg Forms Trad

INVESTMENT OPPORTUNITIES IN MAIZE IN NIGERIA

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Maize is a cereal crop that is grown widely throughoutNigeria. It is a major source of calories. Worldwide production of maize is about 785 million tons/annum, with the largest producer, the United States, producing 42%. Africa produces 6.5% and the largest African producer is Nigeria with nearly 8 million tons/annum. SOURCING: The crop is grown in most states in Nigeria including: Adamawa, Bauchi, Anambra, Benue, Kogi, Kwara, Nassarawa, Sokoto, Plateau, Taraba, Yobe, Ogun, Osun and Oyo states. PRODUCTION STATISTICS: National production of maize is 8 million tons/annum, out of which about 40% is consumed fresh with less than 200,000 tons being available for industrial utilization. CONSUMPTION STATISTICS: The annual demand for maize in Nigeria is currently put at about 7 million MT. MARKET DRIVEN BY: The high demand and use of maize in the livestock feed industry and its high demand for local consumption. MARKET PROSPECT: Industries Local markets Supermarkets International