Abubakar Falalu (27) is the founder of Falgates, a company that farms and mills rice. Falgates’ rice milling facility that has a capacity of 15 tons per day with a total annual capacity to produce more than 5,000 metric tones and 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 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.