Business and Economy of Benue State

Business and Economy

Benue state is acclaimed the nation's "food basket" because of its rich and diverse agricultural produce which include yams, rice, beans, cassava, potatoes, maize, Soya beans, sorghum, millet and coco-yam. The state also accounts for over 70 percent of Nigeria's Soya beans production. It also boasts of one of the longest stretches of river systems in the country with great potential for a viable fishing industry, dry season farming through irrigation and for an inland water way through irrigation and for an inland water way.

In the area of industrialization, the state government spearheading the industrialization of the State by setting up several industries including Taraku Mills Limited, Benue Brewery Limited, Benue Burnt Bricks, Benco Roof Tiles and Ago Millers Limited in which it still retains some holding, which are gradually being privatized.

Benue is blessed with abundant mineral resources. These include Limestone, Gypsum, Anhydride, Kaolin, natural Gas, Salt, Petroleum Oil, Lead and Zinc, Barytes, Clay, Coal, Calcite, Germstones and Magnetite. Of these mineral resources, only limestone at TseKucha near Gboko and Kaolin are being commercially exploited.