INVESTMENT OPPORTUNITIES IN MAIZE IN NIGERIA

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 market (Export)

YIELD PER HECTARE:

Averagely, yield per hectare of maize is between 2 to 2.5 tons/ha for conventional farming practices and up to 6 tons per hectare with improved practices.

PRICING:

Currently prices between ₦15,000 to ₦18,000 per a 100kg bag.

USES:

Maize is used as raw materials in various industries:

Food and Beverages
Pharmaceutical
Oil industry.

PROCESSING:

Maize is processed into:

Flour
Beer
Malt drink
Breakfast cereals
Starch
Syrup
Animal feeds.
PLANTING:

Planting starts in early March to early May

HARVESTING:

Harvesting can start from the mouth of August to September

STORAGE:

It should be stored in a room temperature environment with good ventilation also place should be dried and clean.

SUMMARIZED INVESTMENT OPPORTUNITIES

Production (Farming of maize)
Sourcing
Processing
Exportation
Storage
Haulage

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