Rice Farming Is Most Profitable In Nigeria Today - Akinwunmi Part2
If you are looking to invest in Nigeria, the largest Economy in Africa, you should consider rice farming which is the most profitable in the Agriculture sector, the Minister of Agriculture, Akinwunmi Adeshina said on Friday. In an interview centred on food security and the reforms in the Agriculture sector, Mr Adeshina said that the agriculture policy of the government had opened up the sector for more investments to thrive. He said that the government had made necessary contributions in terms of high yield seedlings for small, medium and large scale farmers. He listed different chains in the agriculture sector that the government's transformation agenda, aimed at shifting Nigerian economy's mainstay from crude oil to agriculture, was focusing on, emphasising that 'rice is the most profitable'. "If you invested 14 million dollars in an integrated rice mill in Nigeria today, the internal rate of return on the investment is 42 to 50 per cent and the time it takes you to pay back the investment is exactly two years. It is the most profitable thing that anyone can be doing in Nigeria today. For more information log on to www.channelstv.com.
Comments
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Agricultural machinery of new generation is the only solution: Such as Grimme SE 150 -60
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Irrigation Agriculture in Nigeria. Look the biggest agricultural compagnies in the world. Weel line irrigation, or the new nelson irrigation R2000 series sprinkler, or irrigation houses, or Rainbow irrigation, or irrigation of farmland, or irrigation at paddy land, or Paddy field, or Lawn irrigation system, or irrigation system "Perrot", or Pasture pivote irrigation, or Kurzweil irrigation, or Corn feild irrigation, or irrigation on farm field, or Miao irrigation system, or Garden spray irrigation, or Cheruku sugar irrigation, or John Deer company, or Grimme company
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