Rice is an increasingly important crop in Nigeria, it's profitable but require expertise and capital like every other farm ventures. The greatest challenge in Nigeria as regards rice production is birds that can eat up to 80% of the produce in few days despite this challenge adequate attention and proper management guarantee success and profit. Igbemo-Ekiti in Irepodun/Ifelodun local government, Ekiti state is synonymous with rice production and for many years several tonnes of paddy rice has been produced becoming major source of income for the town dwellers. As we are preparing for this year's cultivation, Igbemo(Ekiti) plantainville cooperative multipurpose society is inviting interested people to invest in this year Igbemo upland rice production. last year we produced 8 tonns of milled rice with 55% return on investment within 6 months, our target is to produce at least 24 tonns of milled rice this year.

cost of production and return on investment;
Production cost of an acre which is the minimum area/investment an intending investor can subscribe in the project is #90,000.00 while the return on invest is #50,000 therefore investors get #140,000.00 return on #90,000.00 investment. The minimum area is an acre while investors can go for as much as the can afford on first come first serve basis. 40 hectares (100 acres) is earmarked for the project.

How to participate
Interested person/investor in the project should make their payments into the cooperative's account and/or text, call or whatsapp +2348167434244 for further enquiries.
Igbemo (Ekiti) plantainville CMS
4661929011
FCMB.

images from last year rice field

invest in agriculture it pays.

What type of insurance do you have for prospective investor? So many Nairaland menbers have lost their hard earned money to many fraudulent farmers on this forum. When it is time to pay the agreed returns, that is when stories will start. Some will claim herdsmen ate up the plantation or fire razed down all the crops. That is what is scarring prospective passive investors.

wura2020:
What type of insurance do you have for prospective investor? So many Nairaland menbers have lost their hard earned money to many fraudulent farmers on this forum. When it is time to pay the agreed returns, that is when stories will start. Some will claim herdsmen ate up the plantation or fire razed down all the crops. That is what is scarring prospective passive investors.

Over the years we have successfully planted, nursed, harvested, milled and sold our rice with profits without insurance and or any form of hiccups this year is not going to be an exception. Igbemo-Ekiti is a rice town, Igbemo rice is a known brand. Ekiti has minimal herdsmen casualty, success in rice production has always been attained.

preparation in top gear, timbers on the proposed farm land have been cut.

The areas without trees are ready for clearing

So far so good

getting ready for harvest

Harvesting underway

Erukulele:

Over the years we have successfully planted, nursed, harvested, milled and sold our rice with profits without insurance and or any form of hiccups this year is not going to be an exception. Igbemo-Ekiti is a rice town, Igbemo rice is a known brand. Ekiti has minimal herdsmen casualty, success in rice production has always been attained.

calm down bro, nobody is ready to loose money.

30 tons milled, parboiled local rice available for sale.

42 acres of fertile land suitable for rice, castor, plantain and oil palm available in Ekiti state for sale @150k/acre.

Upland paddy rice now available. Long, durable and tasty grains @185k/ton.

Mr Razak, when are you going to return the money for the plantain and rice investments I made with you?

This is 2021, I still haven't gotten a dime for my investment or even my capital and yet you're selling rice?

Sometimes I wonder how some people sleep comfortably at night knowing that you defrauded people of their hard earned money with a phoney Plantain investment then thinking people have forgotten bring out another phony ponzi rice farm. God is watching you, Mr. Razak.