There are industries that will continue to stay in the high profits and one of such is the energy industry. When talking of energy, I am considering both the internal and external. Talking of the externals, we have seen how the rise of electricity has been on the demand. New ways to tap in are continually surfacing like the solar and so on. This chart from decade in and decade out is showing an ascending graph. Households are in high demand and here comes AI to add up.
That aside, the one we will be considering in this article is the internal (human consumables or food). I did a research writing on the TOP four performing companies in Nigeria some days ago and it happened that the food sector was not at the top of that chain. There are some factors to consider anyway; this industry is surrounded by both locals and the commercials. You can't ignore the importance of food in the generalized society.
To make the calculation quite simple, the assumed 8 billion people ALL eat. You should know what this means. It is something I had to consider how real world asset tokenization (RWA) will fit into this industry especially in the area of easy funding. As an essential, there will be billions poured in here by investors who will be enjoying dividend in a wide scale market
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Food security has been one of the challenges we have faced for a while over here in Nigeria. It is just surprising that we are blessed with fertile land yet we have to spend much to secure daily bread. Another factor to consider is insecurity which has been faced especially in the northern part of the state. I saw a video some months ago of how someone's entire rice store house was invaded by hoodlums and burn downs. It was a double figures in millions when calculated in Naira. That was why I was skeptical about even the fuel strike I heard of yesterday. Ok, the strike has died down and black market seller have had to make only 24 hours high interest.
I was just discussing the future of agriculture with a friend this evening that goes even beyond the walls of our nation. He was impressed by a video he saw online of how the local cocoyam is a big seller in China. Anyway, I was a little surprised when he talked about cocoyam since it is very related to Africa. Yes Africa tops in its production but China stands third after Nigeria and Cameroon. This product is assumed to produce millions in dollars equivalent to Chinese farming entrepreneurs who have even taken advantage of the foreign export markets.
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Profiting agricultural practices involves finding ways to reach out to a larger market. This is why it is not even advantageous to stay small in this industry. Food can not be consumed on digital realms, this is a hard commodity market, final consumption must be in person. As an ongoing discussion, I feel he is planning to venture into the world of agriculture yet I had to tell him it is capital demanding. Adding to that, finding that capitalay not be the entire challenge but how experience you are to make sure you can pull out steady profits to your investors. Maybe something for him to go and think about.
To conclude, let, the world of business and entrepreneurship goes beyond aspiration. If one is to ask me about commercial agriculture my reply is that it will continue to be a money boomer. Nevertheless, one needs to consider the needed effort and expertise (team expertise inclusive) to pull consistent results is a big task to consider. Currently, this industry is still reliant on mostly manpower especially when thinking of fragile harvests.
As I earlier said, a vast land must be first considered. How easily available can this be? What are the climate requirements for your area of venturing. It was something I had to discuss too in the process. For instance, a swampy area needed for rice plantation and also the cocoyam business as was explained above is good in muddy grounds. I always want to invest on agriculture yet I am not too sure either as an entrepreneur or just a shareholder; this market is indeed demanding.
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