Wednesday, 5 June 2019


Dr. Cosmas Maduka, President, Coscharis Group
The President of Coscharis Group, Dr. Cosmas Maduka, has explained why he invested excess of N2.5 billion in agriculture. According to him, people who are currently investing in farming will be the billionaires in Nigeria in the near future.

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Dr. Maduka, who spoke with newsmen in Lagos, made it clear that an average Nigeria family still gave birth to at least three kids and this had made the country’s population to continue to soar.

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He said that considering the World Bank demography which indicated that Nigeria would be the third largest population with over 450 million people in 2050, proffering a solution to what the increasing population would eat could not be over-emphasised.

In his own words, “My projection is that people who have gone into farming today would be the billionaires of tomorrow in Nigeria because an average Nigerian family still delivers at least three children. You need to eat food before you talk about wearing clothes because even a mad man doesn’t go hungry. No matter his level of madness, he eats food whether from the garbage bin or wherever. So, how do we have this large population and no one is thinking about how to feed them.”

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The business colossus said that due to the World Bank projection, Coscharis Group ventured into agriculture and had invested over N2.5 billion to cultivate over 3,000 hectares of land for rice production in Anambra.

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