Rice has become a stable food in Nigeria. Of the total projected population figure of over 220 million, about 80 per cent feed on rice, hence the huge amount of money spent on the importation of rice yearly.

From our market survey a bag of 50kg of rice costs between N185,000 and N120,000. The price is still very high when we consider that rice is a staple food in Nigeria.

From our survey, the major cause of the increase in the price of local production of processed rice is the high cost of paddy, the raw material and other operational costs. Therefore, there is an urgent need to increase the production of paddy.

Today, some states produce paddy in abundance due to favourable climatic conditions. Some of the states are Enugu, Ebonyi, Abia, Kwara, Edo, Ogun, Ondo, and some other states.

Technical issues relating to rice project
The rice milling project will best be sited in the areas where rice is grown to reduce the cost of transportation of paddy.To set up this project, a large space is required to dry paddy rice after harvesting.

The components of machines required to set up this project are cleaning facilities, a dehuller, a boiling tank, a polisher, a bagger and other miscellaneous equipment such as wheelbarrows and weighing scales.

https://guardian.ng/business-services/business/investing-in-commercial-rice-farming-milling-and-packaging/