Noca, as rice producers in Arkansas, California, Louisiana, Mississippi, Missouri and Texas, India, Pakistan, Thailand, Philippines We are one of the only traders with global rice supplying abilities, due to our global outreach program, comprised of producers, elected by producers and representing producers on the international market.
Nigerians consume about 5.4 million metric tons of rice annually, while local production only amounts to about 2.3 million metric tons per year. The remaining 3.1 million metric tons is imported, making Nigeria the second largest importer of rice in the world.
Nigerian rice farmers weren’t able to produce enough rice to feed the country because they lack some key resources available to farmers in more developed nations. Limited access to fertilizers and credit lead to an inability to meet quality standards and a lower rate of production. In an attempt to reverse this trend, the government of Nigeria developed farmer-friendly policies.
Taking advantage of the new government policy of high import tariffs on milled rice, Olam Nigeria Limited, a major rice importer, decided to test a new business approach by investing in local production of high-quality rice for Nigeria’s domestic market. In 2005, Olam began processing locally produced rice from a government-leased mill located in Makurdi, Benue state. However, Olam was faced with the challenge of an insufficient supply of high-quality paddy rice to meet their capacity.
Click on the images below to enlarge