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

Comments

Post a Comment

Popular posts from this blog

HOW TO PRODUCE BIO FERTILISER USING RABBIT URINE

Image
This is a great Agricultural business idea that can turn your waste to a lot of Fortune and fetch you extra money .To produce this fertiliser is very easy. The Rabbit’s urine is put into a 25 litre container and mixed with 500 ml drops of sugar fluid, 240 ml of EM4 (bacterial decomposition), and also add one litre of water of thick rice washing( If you wash broken rice with water,the resulting suspension which is milky suspension is the rice washing ) or 100g of corn starch in one litre of water, corn starch mixture to help feed the micro-organisms..Then seal the container , but the lid is perforated and attached with a hose.In order for the fluid of fertiliser fermentation to remain sterile, the hose is dipped into a bottle filled with water.The fluid of fermented urine should be stirred at least once a week to dissolve evenly and not precipitate.After three weeks,this liquid will change its colour and smell.The colour will change to black, and smells like wine, not urine smell anymo
Read more

HEALTH AND MEDICINAL BENEFITS OF GARLIC

Image
1. Garlic Contains a Compound Called Allicin, Which Has Potent Medicinal Properties Garlic is a plant in the Allium (onion) family. It is closely related to onions, shallots and leeks. It grows in many parts of the world and is a popular ingredient in cooking due to its strong smell and delicious taste. However, throughout ancient history, the main use of garlic was for its health and medicinal properties . The entire “head” is called a garlic bulb, while each segment is called a clove. There are about 10-20 cloves in a single bulb, give or take. We now know that most of the health effects are caused by one of the sulfur compounds formed when a garlic clove is chopped, crushed or chewed. This compound is known as allicin , and is also responsible for the distinct garlic smell. Allicin enters the body from the digestive tract and travels all over the body, where it exerts its potent biological effects (which we’ll get to in a bit). 2. Garlic Is Highly Nutritious, But Has Very
Read more

AMAZING FACTS ABOUT MAIZE

Image
Maize or corn is the third important cereal cash crop in India after wheat and rice. It is a Kharif crop and needs a generous rainfall for its growth. The optimum temperature for growth of maize is 22-30 degree Celsius but it can also tolerate temperature up to 35 degree Celsius. Corn has many health benefits. It - •    cuts the risk of heart diseases as it helps in reducing bad cholesterol in our body •    contains a lot of fibre and thus improves digestion •    keeps eyes healthy •    helps control Alzheimer’s disease •    helps fight cancer and makes our immune system strong •    keeps our skin and hair healthy A large part of corn produced is consumed by poultry. Corn flour, baby corn, sweet corn and pop corn are various forms in which maize is consumed by human population. Corn also makes good fodder for animals. Corn serves as a raw material for various industries: •    Almost one-tenth of total maize production goes in th
Read more