Rice is the world’s second most popular crop after maize. Rice farming in Nigeria provides a lot of promises for a future businessman. The position acquired by rice is attended by large demand on the Nigerian market. The agriculture sector is the third best valuable business in the world. Technology and oil & gas industry can’t feed the population, while crops can do that. Therefore, rice production in Nigeria, which is one of the most popular products in country – is promised to be successful.
Agriculture in Nigeria
Rice farming in Nigeria - 10 tips to start it
After Oil and Gas industry – Agriculture in Nigeria is the second most profitable branch of business. Rice is one of the most popular products in Nigeria! it’s inseparable part of the diet for almost every Nigeria. Nigerian citizens consume around six million tons of rice every year. Around 70% of this rice quantity is locally produced. Local production is unable to satisfy a high demand for rice, so the Nigerian Government is forced to import around 1.8 million tons of rice every year and spends around 365 billion Naira. It means that the business opportunities for rice production in Nigeria are endless. Local production can`t satisfy even local demands of the market. So, even if you concentrate your attention only on the local market you still will be in a win-win situation.
How to start Rice Farming in Nigeria – 10 tips
1. Business Plan
No business can be started without a proper business plan. This plan will also be your guidance for your own rice farming in Nigeria. You should think carefully about many things before you take some action. Any professional business plan should include:
• Capital investments – how much money you need and where you get this money!
• Client base – where you can find clients for your business!
• Site and location of your farm.
• Type of rice you want to cultivate.
• Equipment for rice farming.
• Goals for the first years Innovations.
2. Capital in rice farming
Rice farming in Nigeria is a capital intensive business. Try to think about partners in your business. Even if you don’t to share your profit with others - think about sharing the challenges of the market. In the agricultural business, you can’t expect high profits without major investments.
You can also look for an angel investor who also works in the business. If you manage to create a successful business plan, where you have included all variables of the market, then you may ask for a loan in a bank.
3. Chose a right land
Rice is one of the cultures that prefers a swampy land with high water holding capacity. Choice of land really matters in the rice production in Nigeria. Rice farmers in Nigeria prefer to select ecological zones, traditional rice cultivating states, lands with high water capacity or swampy lands.
Moreover, a good rice farmer also analyzes soil before starting the planting process. It means that you may need to survey thoroughly for a land you want to take. Remember, that the first harvest will show your business direction.
4. Land preparation
Rice cultivation in Nigeria demands land preparation. The climate conditions give you a possibility to prepare your land for rice production from November to February. its dry season in nigeria, so you could prepare your land before raining season comes.
Remove bushes and other weeds that can`t help your rice to grow. You can also apply fertilizer for better rice production. Fertilizers should be only organic and applied in right quantities. You may also consult an agriculture specialist for the matter of fertilizers.
5. Chose right rice for your State
Nigeria is one of the biggest rice exporter countries in the world. Still, in the same time, it`s a country with the highest demand of rice in Africa. Every State in the country has chosen an optimal variety of rice according to the soil and weather conditions. Take a close look at top 8 states with rice farming preferences and their choice of rice
- Ekiti State – Igbemo Rice
- Nasarawa State – Olam Rice
- Ebonyi State – Ebonyi Rice Niger State – Mama Happy Rice
- Kano State – UMZA Rice
- Ogun State – Ofada Rice
- Anambra State – Anambra Rice
- Kebbi State - Labana Rice