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.

With a total annual capacity to produce more than 5,000 metric tonnes, he founded FaLGates, a rice mill producing a variety of rice products. They employ 30 people in Kaduna and over 150 people at their anchored farms in Niger and Kebbi. They turned over about $450,000 in 2017.

Falalu holds a degree in Computer Science and a Master’s in Management from Swinburne University of Technology, Australia. He also holds an MSc Degree in Entrepreneurship from the University of Nottingham.

Culled from Forbes Africa.

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