INVESTMENT OPPORTUNITIES IN WHEAT IN NIGERIA
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