Nigeria produces 60,000 tons of wheat annually, but Tolaram Group alone consumes over 500,000 tons per annum to produce 8m packs of indomie every day?
Total Local consumption of wheat in Nigeria is put at about 4.5m tons per annum. If you ask Audu Ogbe, he will tell you that local production is currently at 120,000 tons per annum. However, the millers who have the current figures put local wheat production at 60,000 tons per annum.
Niger stated alone has a landmass of 7,430,000 hectares. Ten per cent
of this landmass is 743,000 hectares.
A hectare of land can conservatively yield 4 tons of corn. The same Hectare can yield conservatively 2tons of Wheat per Hectare.
If Niger state government decide today to dedicate 10% of their landmass to Corn or Wheat plantation and partner with serious Local and Global Private Sector partners with solid Mechanized, technical, infrastructure, legislative, and policy support , they can hit a gold mine utilizing their vast landmass and human capital to reap a windfall from this two-line of crops alone .
743,000 hectares of land (10% of Niger state landmass ) can yield conservatively over 74,000 tons of wheat per annum. This is just about 14% of what The Tolaram Group, makers of Indomine range of food product import annually into Nigeria (500,000tons of wheat annually ). They produce 8m packs of indomie every day.
As at Today at the Global Commodity Market, the price of a ton of wheat hovers between 204 to 238 Euros per metric tons. Local Price per ton for flour Millers is at N140,000 per ton.
Please use your calculator to compute how much the Niger state economy can produce in a year just producing and processing wheat with solid off-take agreement with the Tolaram Group.
A Hectare of land produces conservatively about 4 to 8 tons of corn. Using the conservative base estimate of 4 tons per hectare, it means Niger state on 743,000 hectares of land can produce up to 2,972,000 hectares of corn per annum . 1 metric ton is 1000kg. 100kg of corn in the local market today is N14,000 ( go and confirm this from millers and animal feed producers ).
Use your calculator and tell me the production values of just doing corn on 10% of Niger state landmass.
I had earlier done the same report on Sesame seed and Sesame oil refineries plant in the same Niger state.
This Nigeria is simply a gold mine. We only need to chase away most of these men and women with solid creative thinking.