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MAIZE SUPPLY TO LOCAL INDUSTRIES IN NIGERIA; HOW VIABLE?

MAIZE SUPPLY TO LOCAL INDUSTRIES IN NIGERIA; HOW VIABLE?

MAIZE SUPPLY TO LOCAL INDUSTRIES IN NIGERIA; HOW VIABLE?

MAIZE SUPPLY TO LOCAL INDUSTRIES IN NIGERIA; HOW VIABLE?

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MAIZE SUPPLY TO LOCAL INDUSTRIES IN NIGERIA; HOW VIABLE?

Maize (Zea mays, L.) is a staple food of great socio-economic importance in the Sub-Saharan Africa of which Nigeria is inclusive with per capital kg/year of 40. Nigeria has an annual maize production in excess of seven (7) million metric tons. In terms of volume produced, maize is the third most important cereal grown in Nigeria after sorghum and millet. It comes after wheat and rice in terms of world importance.

The total land area planted to maize in Nigeria is above 2.5 million hectares with an estimated yield of about 1.4 metric tones per hectare.

However, the unfolding performance of maize can be attributed to the fact that, bulk of the country’s farm, over 90% is dependent on subsistence agriculture (small holder farmers) with rudimentary farm system, low capitalization and low yield per hectare. Moreover, price fluctuation, diseases and pest, poor storage facilities and efficiency of resource utilization are the identified problems of low maize production in Nigeria.

To increase production of the commodity in Nigeria, the International Institute of Tropical Agriculture (IITA), has invented and released two new extra-early-maturing maize hybrids with combined resistance /tolerance to Striga, drought, and low soil-nitrogen.

The extra-early hybrids, originally known as IITA Hybrid EEWH-21 and IITA Hybrid EEWH-26, are now designated Ife Maizehyb-5 and Ife Maizehyb-6.

They were developed by the IITA and tested extensively in Nigeria in partnership with the Institute of Agricultural Research and Training (IAR&T) through the funding support of the Drought Tolerant Maize for Africa (DTMA) Project.

Other collaborating institutions involved in the testing include the Institute of Agricultural Research (IAR), the University of Ilorin (UniIlorin), the University of Maiduguri (UniMaid), and the National Centre for Genetic Resources and Biotechnology (NACGRAB). The DTMA Project is executed by CIMMYT and IITA in 13 countries in sub-Saharan Africa.

Both extra-early hybrids have desirable grain cooking characteristics and outstanding yield and stability across environments in Nigeria ravaged by drought, Striga, and low soil-nitrogen. The potential yield of Ife Maizehyb-5 in Nigeria is 6.0 t/ha and Ife Maizehyb-6 yields 5.5 t/ha. Local varieties yield about 1.5 t/ha.

The situation highlighted above has lead to a deficit in supply of maize which current stands at about 8.5 million tones annually to the seven (7) million tones being supplied annually. This is a seller’s market and an opportunity for savvy investors to take position.

The return on investment on the trading of maize is estimated between 10%- 15%.

Do you require one- on- one training on the subject matter? Click on the link below

http://trinitycommodity.com/workshop/supply-maize-local-industries-nigeria/

Benefits of the training:

After attending our seminar, the attendee would be able to identify different types and specification of maize. They would be able know where to source and sell the commodity.

The financial and market analysis would be known by the attendee. Every attendee would be given free feasibility report on maize trading.
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Do you know you can access this report and over 50 reports on local supply, Export and Import for just N 5,000 monthly fee?

Click on the link below to know more about this offer.

http://trinitycommodity.com/membership/
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You can order our detailed feasibility report on maize supply to local industries in Nigeria by clicking on the link below.

Report Title: MAIZE SUPPLY TO LOCAL INDUSTRIES IN NIGERIA; THE FEASIBILITY REPORT.

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