Some years ago, many persons believed oil was the major goldmine in Africa, especially due to the fact that it's one of the most profitable Mineral resources in Nigeria. With recent scarcity, many are beginning to think differently. We live in a world where many overlook things closest to them and try to acquire things farther from them.
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They are many reasons why you should consider investing in Agriculture in Africa. A number of the richest musicians in Nigeria and billionaires in other industries have their investments spread out across this sector. Why do you think billionaires would put their money in agriculture?
As a result, the Nigerian market is flooded with different brands of rice. This have consumers searching for the best rice brand in Nigeria. Left to me, Mama's Pride is one of the best rice brands in the country.
Businessmen are usually the quickest to identify promising sectors. Recently, the richest man in Africa, Aliko Dangote has invested in this sector. He invested billions of dollars in rice production. Nigeria spends a lot of money importing rice, but due to recent developments to reduce importation, investors are making it big in the sector.
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They are many reasons why you should consider investing in Agriculture in Africa. A number of the richest persons in Africa have their investments spread out across this sector. Why do you think billionaires would put their money in agriculture?
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Let's think as businessmen for a minute, a businessman would want his money to bring maximum profits. In Africa, farmlands can be gotten for a very cheap price. So it is not really difficult to get a farmland especially in rural areas. In a statement by the World Bank, it mentions that Sub-saharan Africa has more than half of the world's lands that are fertile, and not yet cultivated.
Also within Africa, it's produce can be sold. There is always a demand for food, as it is essential for life. Africa's growth in size/population has been rapid, and this increases the need for raw materials.
Nigeria, which is currently the biggest market in the continent has over 84 million hectares of arable land, where only about 33.6 million hectares is being cultivated. This shows there is still provisions for growth.
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Agriculture provides employment for alot of persons. Some agriculture firms support people that live in communities close to their industries. I visited an oil-palm industry few years ago, I discovered people living close to the place do not spend money on cooking oil, this is to show how agricultural firms assist people. They also set up scholarships to help students actualize their dreams. It is very common in rural areas, since most of these firms are based there.
There was a statement made by the President of African Development Bank, I agree so much with.
The next generation of billionaires in Africa will be farmers. - Akinwumi Adesina
Young investors are already putting funds into this sector. And with recent technology you do not have to visit a farm before you can make money from Agriculture. Some websites offer services to get a farm and work for you, all that is needed is funds.
To enjoy agriculture in Africa, you have to be passionate.
