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Nairaland Forum / Nairaland / General / Business / Ibadan Firm Exported Nine Billion Dollars Industrial Starch. (30046 Views)
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Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Adminisher: 6:25pm On Feb 19, 2016 |
Wizprodigy: There is an error in the figures (maybe N9bn is the exact figure) but this your ignorance about the entire value chain of cassava needs spiritual work. Fasting and prayers. Full repentance and confession of sins. Who told you it is only for baking?. I can count about 24 uses for cassava starch without checking with Google. Please get serious and concentrate on the opportunities opening up with the dollar scarcity |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by dikeigbo2(m): 6:28pm On Feb 19, 2016 |
Even a primary one pupil knew that ,those comments are all lies....stable on paper. The day we lay less premium on paper economy and paper works......is the day we will be taken serious as nation. |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Nawa4nl: 6:31pm On Feb 19, 2016 |
[size=13pt]the whole country is going to waste under b00hari. By the time B00hari don finis N1000 to $1 Before B00hari got elected look at the Naira to the dollar.[/size] ![]() [size=13pt]Look at the Naira today[/size] [img]http://i.onthe.io/vllkyt3bd2k40g95r.19daa360.jpg[/img] [size=14pt]B00hari is killing the country as he goes travelling around the world While at the same time appointing Northerners to every post [/size] 1 Like |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by emerged01(m): 6:41pm On Feb 19, 2016 |
mallamseifaldin:You should start doing something. |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by omonnakoda: 6:42pm On Feb 19, 2016 |
It was not only industrial starch I think there must have been some industrial Banga accompanying the shipments 2 Likes |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by playtheblues(f): 6:43pm On Feb 19, 2016 |
No be APC propaganda agents dey report? Abeg chill. veraponpo: 1 Like |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by truthisbittar12: 6:43pm On Feb 19, 2016 |
may $9mil not billion, nairaland dey post rubbish to seek attention. 2 Likes |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by doctokwus: 6:45pm On Feb 19, 2016 |
proffemi:There was an earlier post that was trying to promote a southeastern state initiative in export.This post was clearly purposely brought to counter that thread and not based on any altruistic reason.That is what I was trying to point out and dissuade.U clearly don't understand my post. |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by erico2k2(m): 6:49pm On Feb 19, 2016 |
Nawa4nl:Adjust it plz £1 is now N500 1 Like |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by symbianDON(m): 6:50pm On Feb 19, 2016 |
Holyman3:not really. it's possible the figures were made up or incorrect. however, i was only trying to point out that industrial starch is a very important raw material used in developing many other products hence it is sought after worldwide. |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by EreluY(f): 6:51pm On Feb 19, 2016 |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by erico2k2(m): 6:51pm On Feb 19, 2016 |
truthisbittar12:If you get N9B frm starch how much dem come get from the corresponding garri?hahah |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by EreluY(f): 6:53pm On Feb 19, 2016 |
I AM IN THE UK, SMILING. 1 Like |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by kayfra: 6:56pm On Feb 19, 2016 |
If one processing plant can make $9M dollars. Imagine if we have 100 of such in the southwest? It only takes about 6 months to set these things up. Our governors are sleeping. |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by tpappy: 6:58pm On Feb 19, 2016 |
Kai I hear dis one and I faint #scam. Me sef see one company wey generate 6billion dollar from bush meat exporting on Feb 14 ![]() |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by divide9ja: 7:03pm On Feb 19, 2016 |
kayfra: I am a delta guy and can say. The South West have plans. The South East though being marginalised is thriving. The South South though we are sharing all our natural resources with the rest of the country, we are well. The problem is the North. Every since the North got into power using propaganda our economy is suffering. They become president and they spend more on the state clinic alone than on the whole medical system of the country. The country is in chaos and the president is traveling. Please we can see where the problem lies. |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Adenex3051(m): 7:19pm On Feb 19, 2016 |
I was born, bred and not only buttered but also "amalad,gbegirid and ewedud" in Ibadan. So I say it all sense of responsibility that I know Ibadan well. I hereby challenge Mr Mu'azu Ibrahim to mention the $9billon starch company in Ibadan, otherwise he should go perpetrate his lies elsewhere 1 Like |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by loomer: 7:19pm On Feb 19, 2016 |
kayfra: You wey no ignorant, if truely that kind thing dey happen why the govt dey cry of falling oil price? Why not just concentrate more on the startch export? Make we stop dey fool ourselves and face reality. |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by BuddhaPalm(m): 7:25pm On Feb 19, 2016 |
$9B ke ![]() All these lies you people are sharing. 1 Like 1 Share |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by erico2k2(m): 7:26pm On Feb 19, 2016 |
EreluY:Realy smiling? Abeg cold dey ohhh.make I get ur digits abeg make I smile like U. ![]() |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Remii(m): 7:31pm On Feb 19, 2016 |
Wizprodigy:he is talking about industrial starch as raw material not food or fufu, but $9b is clearly an error |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by JuanDeDios: 7:43pm On Feb 19, 2016 |
doctokwus:Biko which ethnics are doing the rivalry here? The Fulani man from CBN vs who? Not sure if it's NL but you tribal warriors can't think properly anymore. There is clearly a misrendering or misquotation here - happens in Nigeria everyday. What passes for journalism in Nigeria is rubbish. |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Kennydoc(m): 7:57pm On Feb 19, 2016 |
kayfra: Even at that, let's assume 1 bag of cassava flour weighs 50kg, just like a bag of rice. 1 ton = 20 bags 20 tons = 400 bags = 1 container 900 containers = 900 x 400 = 360,000 bags 360,000 bags is approximately 1,000 bags everyday including weekends for a whole year. Please which fictitious company can singlehandedly achieve this feat in Nigeria? |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Excellentmind: 8:03pm On Feb 19, 2016 |
What a senseless team with no direction masquerading as monetary managers. 1 Like |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by kayfra: 8:06pm On Feb 19, 2016 |
loomer: That's why some people are building houses while others are stealing their nails. Wake the *uck up! |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by kayfra: 8:09pm On Feb 19, 2016 |
Kennydoc: This is a small to medium scale plant for sale with the following capacity Output capacity: 5 tons/hour, 7 tons/hour, 9 tons/hour, 12 tons/hour, 15 tons/hour, 18 tons/hour, 20 tons/hour, 24 tons/hour http://www.alibaba.com/product-detail/cassava-flour-processing-machine-with-competitive_60355291819.html?spm=a2700.7724857.29.1.xq26PJ Do the maths and shine ya eye. Nigeria is the biggest producer of cassava in the world. Rank Country Cassava Production (MT) 1 Nigeria 54000000 2 Indonesia 24177372 3 Thailand 29848000 4 Democratic Republic of the Congo 16000000 5 Ghana 14547279 6 Brazil 23044557 7 Angola 10636400 8 Mozambique 10051364 9 Viet Nam 9745545 10 India 8746500 11 Cambodia 7613697 12 United Republic of Tanzania 5462454 13 Uganda 4924560 14 Malawi 4692202 15 China 4560000 16 Cameroon 4287177 17 Sierra Leone 3520000 18 Madagascar 3621309 19 Benin 3295785 20 Rwanda 2716421 Tell me how it is not possible? |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by loomer: 8:15pm On Feb 19, 2016 |
kayfra: Me no sleep o, as I dey so me dey enjoy my life where I dey. As long as my mama and papa no complain for money I'm a happy man |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Adesiji77: 8:16pm On Feb 19, 2016 |
Adenex3051: $9bn? ![]() Na beans? It has to be an error in figures otherwise he should name this Ibadan-based company ![]() |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Kennydoc(m): 8:28pm On Feb 19, 2016 |
kayfra: Interesting! Though I doubt the possibility of one small company getting as much cassava as can produce 50tons or more of cassava flour per day. 1 Like |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by Mrchippychappy(m): 8:30pm On Feb 19, 2016 |
2 Likes |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by kayfra: 8:32pm On Feb 19, 2016 |
Kennydoc: They can't get to produce the max capacity, but they can fulfill 20 tons in a week which gives them 45 weeks to make $9M. Nigeria is sitting on a goldmine and nobody realizes it. If we can get just 5% of the global starch market we'll be pulling like $3 billion annually. Global Starch And Derivatives Market To Grow To $77.4 Billion By 2018: BCC Research July 12, 2013 Additional Reports Wellesley, Mass., July 12, 2013 – According to a new technical market research report, STARCHES/GLUCOSE: GLOBAL MARKETS (Report code: FOD037B) from BCC Research (www.bccresearch.com), sales of starches and derivatives were $51.2 billion in 2012. BCC Research expects the market to reach $77.4 billion by 2018, after increasing at a compound annual growth rate (CAGR) of 7.1% between 2012 and 2018. http://www.bccresearch.com/pressroom/fod/global-starch-derivatives-market-grow-$77.4-billion-2018 |
Re: Ibadan Firm Exported Nine Billion Dollars Industrial Starch. by omonnakoda: 9:06pm On Feb 19, 2016 |
Nigerians focus TOO MUCH on foreign exchange. When this starch leaves Nigeria WHAT is it used for? It is used e.g. in many tablets(medicines) which we import. In custard and lots more. If we focus on producing what we consume and trading internally then all this focus on dollars will disappear. The US has not had a trade surplus for many many years and is still strong. Exporting starch and charcoal and oil and solid minerals is not a sign we have arrived. We can do very well even if we export NOTHING or net to nothing. Many armchair economists struggle to grasp that |
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