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.
Falalu developed a keen interest for farming from a very early age “I always had an interest in farming, I remember writing in our high school’s yearbook under future ambition that I wanted to be a farmer,” he says.
He is a degree holder in Management from Swinburne University of Technology, Australia and master’s degree holder in Entrepreneurship at the University of Nottingham, Ningbo China.
Falgates’ rice milling facility 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.
His passion for farming is constantly on the rise. He continues to focus on his bid to invest in Nigerian youths and the economy. He has been recognized as one of Africa’s most promising young business icons.