Abubakar Sadiq Mohammed Falalu, 27, is the founder of Falgates, a company that farms and mills rice. Falgates owns a rice milling facility that has a capacity of 15 tons per day and has a rice farm that employs more 180 people in Kaduna state in northern Nigeria. The company had revenues of $400,000 in 2017.
Falalu saw an opportunity to make money when he realized Nigeria consumes about seven million metric tonnes of rice and only produces 2.7 million metric tonnes, forcing the country to spend more than $2 billion in imports. “I always had an interest in farming, I remember writing in our high school’s yearbook under feature ambition that I wanted to be a farmer,” he says.
Culled from Forbes Africa.