Nigerian rice miller says high demand makes grain business profitable

Nigerian rice miller says high demand makes grain business profitable

- A Nigerian rice miller in Ogun, Ayodele Adenekan, has said that the grain business is a very profitable one

- The miller said that it is Nigeria's favourite meal as he rolled out figures on the quantities the country consumes yearly

- On why the price of grain keeps shooting up, he said that drought and flood in some areas of the country are to blame

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A Nigerian miller in Ogun state, Ayodele Adenekan, in an interview with Legit TV team went through the processing stages of rice.

He said that after planting and harvesting, the rice goes through different phases like sorting, willowing, among others.

On the rice demand in the country, he said that Nigerians consumed up to 7.6 metric tonnes per annum as of 2018.

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Ayodele said that out of that tonnes, 5.3 were produced locally. He said that rice, being the most consumed grain in the country is a very lucrative business to venture into.

Ayodele said that rice business in the country is a very money-making one.

Ayodele said that rice business in the country is a very money-making one.
Source: Original

The successful rice dealer said the reason why rice has been expensive is that there was some sort of drought in the south and that the north also experienced a flood.

The miller said that the cost of the grain would fall when the rain comes in better.

Ayodele added that the reason why ofada, a Nigerian variety of rice, is expensive is that the highest one can get on upland is around 2.3 tonnes per hectare.

Watch the full interview below:

Meanwhile, Legit.ng earlier reported that a 39-year-old Nigerian farmer, Williams, who owns the second largest rice farm in the country told Legit.ng how the technology he created is being used to protect farmers.

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Williams, who created Resolute 4.0, said the technology is being used to bridge the gap between the volatile community and the security agency.

He said farmers were equipped with phones which have Resolute 4.0 installed on them. According to him, the farmers push the panic button or place a call whenever there is an incident.

Williams said the nearest security personnel will be immediately alerted when the panic button is pushed and hospitals are also notified if there is need for people to be taken there for treatment.

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Source: Legit

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