See this amazing trick of making millions in maize farming.
There are three major markets for maize and its allied products in Nigeria.
Corn as Human Consumption:
Unlike in developed countries where a major portion of maize produced is used for animal feed or biofuel, maize is a significant part of diets in Africa in general and Nigeria in particular.
Experts expect that the demand for maize as human nourishment will increase in tandem with Nigeria’s population growth. There will therefore also be a higher demand for corn (maize)
This market currently accounts for about 50 per cent of the Nigerian corn demand.
Corn as Animal Feed:
Corn is a favourite raw material for animal feeds, mainly because it is cheaper than many of the other feed alternatives and yet provides the required nutritional content for livestock. As a result, about 35 percent of corn produced in Nigeria is used in animal feed production.
Maize for Industrial Consumption:
It is estimated that about 15 per cent of Nigeria’s current maize produce goes for industrial use, due to its high starch content.
The starch obtained from maize is processed into several additives, agents and ingredients such as sorbic acid, sorbitol, dextrine, and lactic acid. These are used in the manufacture of common household items such as cosmetics, ink, medicines and wall paint. If you’ve eaten popcorn before, you know you’ve eaten the product of maize Other by-products from maize are shoe polish, batteries, syrups, ice cream, and glue. Companies such as Nestle and Cadbury also buy corn to produce cereal-based breakfast brands like corn flakes, while companies such as Nigerian Breweries and Guinness purchase maize to use as a major raw material for the production of beer. In industrialized countries, the starch from maize is also used to produce bioethanol, a form of renewable fuel. Nigeria is aiming to achieve this level of sophistication as well.
The starch obtained from maize is processed into several additives, agents and ingredients such as sorbic acid, sorbitol, dextrine, and lactic acid. These are used in the manufacture of common household items such as cosmetics, ink, medicines and wall paint. If you’ve eaten popcorn before, you know you’ve eaten the product of maize Other by-products from maize are shoe polish, batteries, syrups, ice cream, and glue. Companies such as Nestle and Cadbury also buy corn to produce cereal-based breakfast brands like corn flakes, while companies such as Nigerian Breweries and Guinness purchase maize to use as a major raw material for the production of beer. In industrialized countries, the starch from maize is also used to produce bioethanol, a form of renewable fuel. Nigeria is aiming to achieve this level of sophistication as well.
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