COLU @ CONCEPTS

Top 10 Lucrative Farming In AFRICAN 1. RICE FARMING  – Nigeria has one of the world’s highest Rice consumption stat. Rice is by far one of the most popular staple food among Nigerians, almost every family eats rice daily in Nigeria. In 2011 alone, Nigeria spent N991 Billion on Rice importation and the rice we import is said to be nothing less than 10 years old in storage. That means we spends billions buying Rice that has since lost it’s nutritional values. Any entrepreneur in Nigeria who goes into Rice Farming and get it right is sure to be smiling to the bank. A bag of Rice is currently sold for N8,000 to N10,000 depending on the quality. A farmer who is able to invest in large scale Rice Farming in Nigeria and produced 100,000 Bags of processed Rice in a year, sell at wholesale price of about N7,000 per bag, he will be making 7,000 x 100,000 = N700,000,000 ($5.5 Million) You can achieve the above figures conveniently with less than Two hundred million Naira (...

Nigeria launches 48-hour online visa application system Nigeria has launched an online system aimed at enabling business executives to apply for a visa online and collect it on arrival 48 hours later, its immigration service said on Thursday. The move to ease visa rules in the West African country follows complaints from foreign executives that obstructive embassy officials made it difficult to enter the country. Under the new system, travelers must register with the Nigeria Immigration Service ( NIS ) and provide details including travel document information, after which a letter of approval may be issued and the visa collected on arrival. Mohammed Babandede, comptroller general of the  NIS , said the facility was in line with the government’s “policy on creation of a conducive environment to attract foreign high net worth investors and professionals into the economy”. Overseas investors have mainly stayed away from Africa’s largest economy after being put off by a ga...

Obasanjo urges prompt distribution of inputs to farmers to end hunger, recession    Former President Olusegun Obasanjo has called on the Federal and state governments to ensure prompt distribution of farm inputs to farmers to end hunger in the country.  Obasanjo said this at the launch of the Nigeria Zero Hunger Roadmap in Abuja on Wednesday. He said the distribution, especially in preparation for the 2017 planting season, would boost food production, improve nutrition content in food and reduce recession currently facing the country.  Obasanjo, also the Chairman of the Zero Hunger Review Committee, said the hunger initiative was to support and encourage government to implement policies and plans toward achieving the Sustainable Development Goal number two by 2030.  He urged the 36 states with Abuja to implement the recommendations of the report starting from January 2017. He noted that the report would be implemented first in four states of Benue, Sokot...