Abubakar Sadiq Mohammed Falalu 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 (UNNC) in 2014.
Falalu 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.
The passionate farmer has always been a lover of farming even with his degrees abroad. He is very hardworking and vibrant in his bid to continue investing in Nigerian youths and the economic. Falalu has been recognized as one of Africa’s most promising young business people in Forbes Under-30 List among numerous awards.