Looking to become wealthy? Consider rice farming in Nigeria
- HowWeMadeItInAfrica
- 08 December 2011
Global agricultural company Olam says the cultivation and processing of rice in Nigeria has the potential to be a lucrative industry.
Global agricultural company Olam says the cultivation and processing of rice in Nigeria has the potential to be a lucrative industry.
The 6,000 hectare farm in Nasarawa, one of Nigeria's main rice growing belts, is expected to yield 36,000 tonnes of milled rice annually at its peak.
Osun State governor Rauf Aregbesola signed a Memorandum of Understanding with Syncop Corporation of Korean for a $400 million investment deal in food production and other areas of agriculture.
Millions of hectares of farmland are being sold or leased to foreigners to the detriment of farmers
State governments across the country are seeking the review of the Land Use Act as part of measures to facilitate easy access to land, especially to encourage foreign direct investment.
Speaking to US audience about investment opportunities in agriculture, Benue State Governor says 364,000 hectares of land are available for irrigation farming.
The people living on the lands now being targeted by US-owned Dominion Farms can learn a lot from the film Good Fortune, which provides a behind-the-scenes account of the struggle of a local community in Kenya to defend their lands from this company.
Calvin Burgess recorded statement to police over threats on his life after he was chased by angry villagers who were protesting eviction from their farms which the company insists belongs to them.
A Singapore-based investor in agriculture is to put in an investment of $50 million in 10,000 hectares of fully irrigated and precision levelled commercial rice farm in Ondorie area of Doma Local Government Area of Nasarawa State.
A US firm, Dominion Farms, has acquired 30,000 hectares of swampy land in Gassol Local Government of Taraba State in Nigeria for commercial rice farming.
Former President Olusegun Obasanjo has led a Kenya-based American investor to inspect about 30,000 hectares of marshy land in Gassol Local Government Area of Taraba State for possible commercial rice cultivation
Interview with Olaseinde Makanjuola Arigbede of the United Small and Medium scale Farmers' Associations of Nigeria (USMEFAN)