Maize is a cereal crop that is grown widely throughout Nigeria. It is a major source of calories. Worldwide production of maize is about 785 million tons/annul, 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/annul.
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.
National production of maize is 8 million tons/annul, out of which about 40% is consumed fresh with less than 200,000 tons being available for industrial utilization.
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.
- Local markets
- 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.
Currently prices between ₦15,000 to ₦18,000 per a 100kg bag.
Maize is used as raw materials in various industries:
- Food and Beverages
- Oil industry.
Maize is processed into:
- Malt drink
- Breakfast cereals
- Animal feeds.
Planting starts in early March to early May
Harvesting can start from the mouth of August to September
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)