Business-Buying And Selling30 Comments

The prospect of rice distribution business in Nigeria is very green for any investor who is currently searching for a business to invest in. Are you a business minded individual who is interested in distribution or supply business? Then consider taking Rice distribution or supply as the special business that will enable you smile to your bank.

You will agree with me that there is hardly a household within Nigeria that doesn’t eat rice. This means that there will be good returns on investment in this business. The importance of rice to an average Nigerian can never be overemphasized. This article will dwell on rice distribution or supply, and why you should consider it as a good investment opportunity.

SEE ALSO: How to Process Rice After Being Harvested From The Farm

Although the Minister of Agriculture and Rural Development Dr Akinwumi Adesina recently claimed that “Nigeria would become Africa’s largest exporter of rice in five years”, it is still a consuming economy with populace that eat tons of rice on a daily basis.

1. The Profit Potential

Depending on your financial strength, you can start this business with 5 million naira or less. Rice distribution business offers you a very good return on investment. For example, 50kg  bag of regular seed of rice in retail price is sold for 8,200 naira, while the smaller seed is about 8,100.Now, consider the following profit potential of the business.

As a distributor or wholesaler, you can get a bag for N8,000, N8,100 or probably less from the importers. If you supply 50 bags of rice in a day at the rate of 8,200 naira, you will be making profit of 200 x 50= N10,000.
Here are some  types of rice available in the country.

Ofada Rice

Ofada rice is a generic name used to describe locally produced rice considered by millions of Nigerians as one of the best. It is produced in the southwest and southeast Nigeria. Compared to others, the price is a bit on the high side, but the demand is high because nutritionists believe that it gives more nutrients.

Stallion/Aroso

Stallion/Aroso rice is one of the largest and widely distributed rice worldwide, with high qualities and special brands across the globe.

The following are some of the Stallion brands: Caprice, Tomatoes King, African Princess, Caprice Gold etc. These are very common in the Nigeria markets.

Basmati Rice

This is another kind of rice that is very good and of high quality because of the production process.The good news about this type is that it has a unique sensational taste, gluten free and contains eight essential nutrients such as amino acid, sodium, folic acid, etc. It has a very unique aroma that makes it stand out. It is mostly consumed in francophone African countries.

Brown Rice

The brown rice is a whole grain with a mild, nutty flavor and chewier i.e it requires a lot of chewing before it can be swallowed.

Brown rice is more nutritious than the white rice and it is mainly found in supermarkets or mega supermarkets.

Where to buy from

Presently, there are different kinds of rice in the Nigerian market. Whichever you want to supply, you can get them from the market.

As far as Lagos is concerned, you can find this rice in the following markets: Daleko Market, Mile 12, Alaba Rago and some other places.

SEE ALSO: How to Start Foodstuff Supply to Hotels in Nigeria

Irrespective of the Nigerian city you are, there are thousands of retailers scattered across the city who are willing to buy. So, if you invest in this business, you will definitely smile to the bank.Word of caution: Try as much as possible not to sell on credit.

2. The Level Of Consumption

The Nigeria population has triggered many investors. In addition to other natural endowments, Nigeria has great business opportunities which now includes rice as a great market. The Nigeria population is being estimated as over 170 million people, according to the United Nations (U.N).

3. The High Level Of Demand

The country’s increasing population, and the rate of food consumption (especially rice) are essential for any business minded individual to make real money. It is important that you take a close look at the Nigerian market. Even in your locality, you will agree with me that the high level of retailers in such places are much, and when you consider the distance where such goods are transported from to get to their destination,such people will be inclined to buy from you, if you open up a wholesales store in that locality.

You can inform retailers of your business for you to supply the required quantity to them; while you carefully consider the amount of credit that could be granted within a short time period.

Consider this piece of information and invest wisely. We therefore, wish you success, as you build your dreams!

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30 Comments

  • Faith Olaniyi June 11, 2016

    Can you help me with a contact on how to be a distributor?

    Reply

  • Ejiro Glory June 20, 2016

    Please I am sending you a mail a’s regards being a distributor.please kindly respond to you. Thank you

    Reply

  • Ejiro Glory June 20, 2016

    Am interested please. How do I contact you storage house?

    Reply

  • Amaka Ekeyi June 20, 2016

    I am based in Ibadan.Nigeria

    Reply

  • Sandra Ameh October 11, 2017

    Please I want to start rice business

    Reply

  • Yetunde October 26, 2017

    Thank for so much for this information. it is very helpful. Please can you send me you email so that i can ask further questions.

    Reply

  • Yetunde Abudullahi October 26, 2017

    Thank for so much for this information. it is very helpful. Please can you send me you email so that i can ask further questions.

    Reply

  • Blessing December 18, 2017

    please help me I want to start this business, I need contact of where to source the goods.

    Reply

  • kelechi January 15, 2018

    Please help me ,i want to start rice business but i don’t know where to buy them in bulk.

    Reply

  • Chrysolite Haven January 23, 2018

    Chrysolite Haven produces Ofada rice and we are engaging distributors. Please contact us via chrysolitehaven at gmail dot com or call/Whatsapp: zero – nine- zero-five-two-two-eight-eight-six-two-seven. Regards.

    Reply

  • Omowunmi April 2, 2018

    Am interested in the rice business ,am living in Ibadan

    Reply

  • Elizabeth April 16, 2018

    I live in Ibadan, how can I become a distributor? I have interest in this rice business, it’s urgent please.

    Reply

  • AMADIOWEI TARILA April 24, 2018

    I reside in YENAGOA Bayelsa state. I want to go into rice, groundnut oil and tin tomato distribution a. Where can I make my purchase

    Reply

  • Wale Okedele April 26, 2018

    Thanks for the information. You are doing great job. In fact you have boosted mind to start one. Please I need your email address for further assistance

    Reply

  • ENEH UMANAH May 4, 2018

    I want to go into rice,groundnut oil and tomato business where do I purchase it

    Reply

    • Bilikis May 19, 2018

      Hello, Good evening. I sell good rice at fair competitive rice.

      You can easily reach me via my mobile and email.

      Mobile: 08178666785

      Reply

  • Wale Okedele May 19, 2018

    Interesting! good job
    Please i have just 200,000 naira , how can you be of help to start rice business or rice supply. Thanks

    Reply

  • Oluchi QUEEN June 5, 2018

    Please, am interested in the rice business.How do i be a distributor?

    Reply

  • Samuel mohammed June 8, 2018

    Pls.can you help me with details of becoming a distributor.If need be availing me with your contacts addresses in Nigeria where i can visit or contacts phone numbers.Thanks.

    Reply

  • Endurance Edeh June 9, 2018

    Pls help me wt ur details let me contact u tnx

    Reply

  • PRECIOUS June 9, 2018

    please contact me. i am interested in distribution of rice

    Reply

  • GIFT UFUOMA August 14, 2018

    How much should one have to start with.

    Reply

  • Justice August 31, 2018

    I want to start rice business, how do I go about it? I’m in delta state

    Reply

  • Justice August 31, 2018

    How much is needed?

    Reply

  • Assa Oluwakemisola September 3, 2018

    Hi ,Good morning. I want to set up my food business, I will appreciate it if I can get more information on where to get rice and beans at wholesale price in Lagos. Thanks in anticipation.

    Reply

  • Rachael December 1, 2018

    Pls I have interest in dis rice, tomatoes n oil business can u link me up plsss

    Reply

  • mama rose January 23, 2019

    am interest in d rice selling live Oshogbo

    Reply

  • Monioluwa February 12, 2019

    gud morning, pls I want to start rice business reside in Ogun state, I can I get a distributor

    Reply

  • aanu March 13, 2019

    Good afternoon,pls I am in ibadan how do I start and how much is it going to cost me.

    Reply

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