THE NEXT GOLD MINE IN NIGERIA

Did you know that Nigeria sits on an agribusiness goldmine but most people just don’t see it? If you’re one of the blind, allow me to open your eyes with a few exciting facts you need to know about agribusiness

Africa’s richest man, Aliko Dangote, recently invested $1 billion in rice production? Every year, Nigeria spends billions of dollars on rice imports, and Dangote wants a slice of the market.

Let me share with you five reasons why agriculture is the biggest business opportunity right now in Africa. And why many of the world’s top business people are investing in African agribusiness.

1. Africa has cheap agricultural land

According to the World Bank, Sub-Saharan Africa is home to nearly 50 percent of the world’s fertile, usable and uncultivated agricultural land. The size: over 200 million hectares! The continent is now widely considered to be the future breadbasket of the world. It is this huge abundance of land resources that gives Africa the strategic potential to feed the world!

2. Africa has a ready market and high demand for agricultural produce

Agribusiness is one of the best business opportunities in the world as food never goes out of fashion. People must eat food every day!
Currently, Africa’s population is just over one billion people. At its current growth rate, the continent’s population is expected to reach 2.2 billion by 2050. Now and in the future, Africa will always have a lot of mouths to feed.

It’s not just the food industry that depends on agribusiness. Several other industries, especially the manufacturing and processing industries, depend on agribusiness for a wide range of raw materials. As Africa’s economies continue to grow, the demand for raw materials will surely increase and create more interesting opportunities for agribusiness on the continent.

3. Improved varieties and farm practices are changing the game across Africa

Agribusiness in Africa has suffered through the years because of its poor yields and crude farm practices. Most of the crops cultivated on the continent produce very little and are often very prone to pests, diseases and drought.

However, due to advances in crop/animal science and technology, it is now possible to harvest more food per hectare than ever before in Africa’s history. There are now improved crop and animal varieties that mature earlier, require less resources, and are less susceptible to pest attacks, diseases and drought.

4. Agribusiness is very scalable. You can start with what you have.

Whether you own one plot of land or 10,000 hectares, agribusiness is one of few business opportunities that allow you to start on any scale, with whatever you have!

5. Agribusiness is a huge job creator

Agribusiness is one of the most effective ways to create jobs and empower millions of Africans. At present, up to 60 per cent of the labor force in Sub-Saharan Africa is employed in the agribusiness industry. Agribusiness remains a top employer of labor in many African countries.

The value chain in the agribusiness industry, from food production, processing and marketing provide huge opportunities for employment and entrepreneurship.

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Happy weekend. May this new week bring Joy and Prosperity

Agriculture is the way forward.

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Have a Wonderful Weekend

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God bless the Federal Republic of Nigeria