How To Make Millions Of Naira From Rice Business This Year Without Being A Farmer And Without Having Huge Capital.
Warning! Don’t eat rice again if you won’t finish reading this information being shared with you.
Just before filling you up with details that will make you feel like you are in the class room, here is a quick real life example to show you how profitable rice business is.
(I.) A Live And Worthy Case Study
Due to its huge expanses of marsh, Nigeria’s Kebbi State is widely known for rice farming.
The Central Bank of Nigeria has provided loans to Kebbi Rice Farmers through its Anchor Borrowers scheme.
The CBN loaned each rice farmer Two Hundred And Ten Thousand Naira, N210,000, with the expectation that they would produce a minimum of one hectare of rice farm with the money, which came in the form of inputs such as seeds, fertilizers, insecticides, and water pumps, among other things.
One of the rice farmers in Argungu, Kebbi State, took out a Two Hundred And Ten Thousand Naira N210,000 CBN loan and used it to plant one hectare of rice. Guess what? One hectare of rice generated 100 sacks of rice for Mallam Alli.
Mallam Alli, like other rice farmers who took up CBN loans, sold the 100 bags of rice for Ten Thousand Naira, N10,000 each to an off taker (distribution), totaling N1 million in sales.
Within a few months of cultivating rice, he had become a millionaire. Similarly, all rice farmers who took out a CBN loan or invested their own money became millionaires in a matter of months.
Rice farmers all around the country are reaping huge profits from their rice investments.
What was the point of telling you that story? Because its vital to show you how simple it is to make a lot of money and become a millionaire in Nigeria through rice farming.
This is also a guarantee to you, that rice farming is something that everyone can undertake to support their family and develop a strong financial foundation.
You don’t even need to be a farmer like Mallam Alli or need to borrow CBN loan to become a millionaire by taking part in rice business but first you need to be equipped with some practical knowledge which this guide is part of it
(II.) Now Let Us Go Class To Get Some Facts Right
Agriculture accounts for the majority of Nigeria’s GDP. Agriculture is essential for a country’s survival. Rice is one of the most essential foods in Nigeria and other countries such as China, North Korea, and Indonesia.
In recent years, the price of rice in Nigeria has been continuously high, making rice, in whatever form or channel one is involved in, a very profitable business in the country.
Rice is one of Nigeria’s most popular foods; it’s in every home, eaten virtually every day, and you already know that a ceremony isn’t complete without it.
Because there is so much rice in demand, researchers have concluded that rice is the most widely consumed food crop on the planet.
It has been discovered that Nigeria spends about N365 billion per year on rice importation, which is also subsidized by the Nigerian government.
The reason for this is that in a typical year, the citizens consume more than 5.5 million tons of rice, and as previously stated, more than half of this is imported into the country.
As a result, the Nigerian government has decided to increase efforts to strengthen rice production in the country.
Despite how corrupt you may think the government is once they declare support for something then it is a green light for anyone to go into it without facing mysterious circumstances.
This sector of the country’s agriculture has long been overlooked, but Nigeria’s current administration has taken significant steps to ensure that the rice growing industry, as well as rice production, is given more attention.
Although rice is still smuggled into the country, the government has gone to great lengths to prohibit rice importation, particularly through land borders; however, the fact that it has been prohibited has boosted the spirits of rice farmers in the country, as the government has partnered with rice farmers to start a rice farming business in Nigeria.
One of the primary concerns regarding the rice farming industry in Nigeria is the disparity between the amount of rice produced and consumed in the country; in truth, this is a major problem, but it is also where the opportunity resides.
Have you ever wondered why, with so much area for agriculture and so many skilled farmers, Nigeria is one of the countries that imports the most rice?
The reason for this is simple: the possibility is not being taken advantage of in the country, and the demand for rice is always strong, so if you decide to start a rice business in Nigeria, there is a lot of profit to be made.
What makes the rice business in Nigeria so intriguing is its diversity; there are numerous methods to engage in this rich industry, including:
Investing in rice farming, rice processing, selling produced rice, and rice exporting to other nations are all viable options.
These are just a few of the major ways to invest in this business in Nigeria. Some people are simply afraid of going into this business manually because they are afraid of how difficult it is.
They think about so many things that they become discouraged, and they do not want to till the ground and plant the rice manually.
The most important aspect of this business is understanding how profitable it is, so you can learn about the different stages of the rice business in Nigeria and decide which one you want to go into based on your interests and resources.
This guide will also provide you with a thorough understanding of how profitable the business is and the various stages involved in the rice business in Nigeria.
(III.) Main Stages Of Rice Production
In order to be able to see yourself as someone capable of doing rice business you should be familiar with the following stages of rice production:
- Rice Farming: Desired rice seeds are planted on land after a process to assure a high yield. It’s worth noting that one acre of land can yield up to 100 bags of rice. You can see how profitable this is already by multiplying that by the current sack of rice. Rice takes roughly 4 months to mature, which means that with appropriate farming practices, one can harvest three times each year.
- Rice Processing: once rice has been harvested, it must be transported to a hauling mill where the rice and the haul are separated. Separating the rice from the haul and blowing the haul away is required.
Many farmers cannot do this properly with manual labor since it wastes overall output, time, and energy, necessitating the use of a rice mill. - Rice Parboiling: The rice must then be parboiled to eliminate excess starch, preserve it, and make it ready to eat.
This step is essential before the rice can be packaged for distribution. The rice should be dried in the sun.
To make the rice easier to transport, it must be sun dried. To dry the rice, place it directly in the sun. This can be done for 3–4 days as long as the moisture is removed. - Rice Packaging: Depending on the needs of the business owner, this can be accomplished by placing the rice in a producer’s branded bag. The branded bag should have the company’s address, phone number, and name. This makes it easier for customers to contact you and distinguishes your product.
(IV.) Rice Business Profitability In Nigeria
The money used to start a business is critical since it will have a significant impact on the business you want to start. This is because, based on the amount you put in, you will make the desired profit.
I would like to remind you that the larger your investment, the better your returns will be, as there is no minimum or maximum amount required, it all depends on how you decide to enter the business.
Don’t forget that Nigeria’s agriculture is improving too, the government has invested in this sector to ensure that it thrives in the country, and this has benefited the rice industry in Nigeria.
So farmers are upping their game to be the best in the business; one thing that is true about this business is that demand is growing faster than supply, making it a very lucrative business that people are getting into these days.
There are several ways to achieve your goals, including selling the finished product for profit, marketing your products locally, or exporting them to other countries.
Since 2014 it has been officially reported that rice growing is Nigeria’s most successful business to invest in, it is large and there are numerous opportunities associated with it.
(V.) Rice Farming’s Advantages In Nigeria
Based on the fact that rice cultivation and harvesting should not last more than four months, a farmer should be able to harvest three times a year, resulting in a huge profit.
Because rice is consumed at such a high rate, there are always buyers, so once it is ready, it is also ready to be purchased, therefore there is no need to advertise or publicize rice.
To this end, before entering the rice business in Nigeria, one must have a great deal of information and expertise about the industry, so that whoever is planning to enter it can do so with ease. It’s a very lucrative business when you know exactly what you’re doing.
Lastly but not the least lets talk about how you can starting making money with rice business in Nigeria today.
(VI.) Ways To Make Money From Rice Value Chain
There are Four(4) major ways that people make money from the rice value chain with the Fifth(5 )I will be adding as bonus to majority of people reading this to be able to take immediate actions.
Either way, you chose you will make money — or if you have what it takes and good funding, you can actually take on two or more aspects in the rice value chain, thereby making even bigger profits.
1. Rice Farming Business: The first way to make money is through direct farming, just like we have been discussing. To become a rice farmer, there are number of steps to take and things to do. The most important thing here is to learn hands on from a successful rice farmer who will take you through the nuances of rice farming. We will guide you on this if this is your area of interest.
If you are still questioning it , its certain that you have seen from the story of Mallam Alli in the case study above that rice farming is a very lucrative business.
Mr. Alli obviously sold his unprocessed rice at Ten Thousand Naira N10,000 per bag and he still made almost N800,000 profit from the entire venture in a single farm cycle that is within three to four months and only on one hectare of land.
You can do the mathematics yourself and think about how much money can be made if you invest more money, farmland and labour.
Having said that, I want you to also imagine how much money can be made if you decide to process you own rice and sell it at the actual market price of N28,000 per bag.
You don’t need to be involved in manual labour if you want to go with this we will guide you on the proper way to go.
2. Rice Processing Business: Another way to make money is to be a processor. You don’t have to be a farmer to be a processor, all you have to do is to reach out to farmers who are willing to sell their rice, buy from them and go on to process it yourself, package it and sell for profit. Many people are doing this and are making good money from it because paddy rice is not ready for consumption until it is processed.
If you don’t have rice milling machine, you can take your paddy rice to those who have and pay some fee and get your rice cleaned up for a more valued sale.
Meanwhile, if you can get your own milling machine either as a direct farmer or as a processor, it will be easy and you will be able to make bigger profits that way. Many farmers are able to sell their rice before it is harvested as traders (largely processors) come to the farms to negotiate prices and buy as off takers.
The rice is then taken away and parboiled to soften the husk, before it is milled and marketed. The parboiling is carried out in huge oil drums. After the rice has been parboiled, it is laid out on tarpaulins to dry. It is at this stage that there is a danger of small stones getting mixed up with the rice grains, reducing its marketability.
Nigerian rice faces competition from imported rice which is favoured in the market because its grains are long, white and without stones. Eliminating stones from Nigerian rice, by using a Destoner or building designated threshing and drying floors would allow Nigerian rice to compete favourably with imported rice.
Meanwhile, many people who understand the business actually prefer to be rice processors than direct farmers because they tend to do less work and make higher profits and the ROI seems to come in faster for them than it does for direct farmers. An off taker or processor can make about 150% profit where a direct farmer makes just a 100% on the same quantity of rice.
3. Rice Distribution Business. To be plain this is the easiest way to make money from rice business but It needs more capital than others. With this you just need to source for processed rice in large quantity and resell to retailers, consumers, restaurants, schools and so on.
As a distributor alone you might not be be able to make huge profit per bag or packaging at once but you have cut off the stress, the waiting periods and if paired with the consistent demand, good supply strategy and pricing your profit will add up quickly then the rest.
You can also buy unprocessed rice in bulk process it and sell directly to your target market to keep the whole profit.
By the time people know you, you will no longer need to buy rice before selling, customers will pay for rice ahead and you will use the money to source for quality rice that will keep them coming back.
Infact many people use this strategy from the beginning by buying for people who trust them around, sell at lower price which will attract more people from those who trust them.
This means there is practically a way to do rice distribution business with little or no capital if you have a good business plan with proven strategies. We will show you our strategy to go about this.
4. Rice Exportation Business: this might surprise you that while we still struggle to meet our own rice demand, import rice hugely we are still exporting some of what we produced. Its just business that’s all.
Nigeria is still the largest producer of rice in Africa followed by Tanzania, Egypt, Senegal, Cote d,ivoire.
Nigeria export rice mostly to other African countries like Niger, Gambia, Cameroon, Ghana and inter continent countries like Norway and Canada.
Due to recent government policy It has become more easier to export rice as importation has being banned and legal importation pays high duty charge. Both of these steps has greatly helped increase production but yet the demand is not satisfied.
To venture into rice exportation can be really capital intensive but exporting it is very lucrative as rice can be sold twice the cost it is sold locally to countries requesting for supply.
To do rice exportation all you need is look for demand in other countries, find a source of supply, get funds to purchase the rice and then ship to your destination.
Depending on your strategy you can get part payment, full payment before rice is been shipped out.
You will get more details about this too in our PREMIUM GUIDE.
5.Rice Investment Business: if you don’t like stress or don’t have time and just looking for where to put the money in your bank account and get decent returns, you can venture into investing in trusted people and companies doing any of the four rice businesses above.
A lot of people are already expect in the areas of business above and need more capital to scale the business to increase profit.
Some in farming need more funds to cultivate on more land, some need money to purchase processing machine, some need money for marketing and so on
This will be the starting point for many people and you can venture into this as soon as you are ready without any limitation or waiting period.
You can even look for people doing any of the rice business mentioned above and negotiate a deal with them to see how much you can get after certain time.
Or you can let us connect you to people doing businesses in any of your area of interest and be sure you are secured and will get your money plus interest back in due time and keep doing it until you are ready to also pick on or more business up yourself or just keep enjoying your profit.
(VII.) How To Venture Into Rice Business Today
Now you have gotten all the basic information required to begin rice business and seen the possibility of how you can make millions with this.
Before starting the rice business in Nigeria, one must have a great deal of information and understanding about the industry so that it becomes simple for whoever is planning to enter it; it is a very profitable business when you know exactly what you are doing.
In order to ensure you are successful we have created a COMPLETE GUIDE on how to venture properly into any of the above business of your choice and start making money with this as soon as possible.
The COMPLETE GUIDE we will be sharing with you contains the following
1.Guide To Rice Farming Business
2. Guide To Rice Processing Business
3. Guide To Rice Distribution Business
4. Guide To Rice Exportation Business
5. Guide To Rice Investment Business
6. Rice Business Plan Sample
7. Rice Farming &Milling Financial Guide
8. How To Access Loans or Grants
9. Prompt Answers To Your Questions
10. Regular Tips And Updates About Rice Business
11. And so much more benefits for you
To get access to the Complete Rice Business Profit Business Guide, kindly do the following
STEP ONE (1):
Kindly Send Your Name and RBG To 07082004094 On WhatsApp To Access The COMPLETE GUIDE.
E.g Mike RBG to 07082004094 on WhatsApp and you will be guided promptly.
Incase you are wondering what RBG is, it means Rice Profit Business Guide and sending it to 07082004094 on WhatsApp is to indicate your interest, that you have read this guide first and ready to move forward with the COMPLETE GUIDE.
STEP TWO(2):
After you messaged the number feel free to chat with the number on WhatsApp regarding everything you need to know or concerned about and our support will try to always respond as soon as possible.
(VIII.) Conclusion
There was a fish, who went to the big fish and asked where can I find the ocean, the big fish looked at the small fish and said this is the ocean you are in already.
Equipping yourself with our complete guide gives you all you need to be financially free.
Rice is the real gold and oil in Nigeria rice now and there is nothing stopping you from getting your own share.
How much you can make is completely dependent on you and how serious you will put the information and strategy to use.
Our goal with Rice Profit Nigeria is to ensure everyone who accessed our complete guide takes practical steps to make at least a million naira with it to understand the business and use their acquired experience to replicate the process and scale the business by themselves.
Ready to get started?
Send Your Name and RBG To 07082004094 On WhatsApp
We will be there to guide you to the millions in rice business.
