Rice Paddy Trading

₦75,000

sold out

Investment Information
Amount ₦75,000
Available Quantity 0
Return 20%
Period 6 Months
Location Niger State

Product not Available

This farm is insured by LeadWay

Your farm subscription details

a) Sourcing and aggregating of rice paddy
b) Insurance coverage for the comodity.
c) Labour engagement
d) Sales Logistics

Farm Location: Niger
Unit Cost: N75,000
Returns: 20% in 6 Months.

Nigeria rice productivity is among the lowest within neighbouring countries, with average yields of 1.51 tonne/ha. Nigeria is the largest rice producing country in West Africa but is also the second largest importer of rice in the World. Rice is cultivated on about 3.7 million hectares of land in Nigeria, representing approximately 10.6 percent of the 35 million hectares of land under cultivation, out of a total arable land area of 70 million hectares in Nigeria Out of the 3,7 million hectares under rice cultivation, 77 percent of the farmed area is rain-fed rice, of which 47 percent is lowland and 30 percent upland. Rice is the third most important cereal grown and consumed globally after wheat and maize. In Nigeria, rice is cultivated in almost all ecological belts available in the country as they all provide favourable environments to support the crop.

10 UNITS AND ABOVE ATTRACTS 2% EXTRA

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