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Investment In Cassava Value Chain - Cassava Home Project - Sola Agoro - Agriculture - Nairaland

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Cassava Value Chain / Kenaf Value Chain: A Most Profitable Agribusiness / Cassava Home Project - Delta State By Sola Agoro Of Nigeria Farmers Forum (2) (3) (4)

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Investment In Cassava Value Chain - Cassava Home Project - Sola Agoro by Farmersforum: 7:56pm On May 08, 2018
O-SECUL Nig. Ltd is promoting the development of a 100,000 LPD Ethanol Plant within Aladja industrial Energy Park (A.I.E.P). Udu, Delta state. The Plant requires 900 tons/day of raw cassava tubers to be processed to 224tons/day of cassava chips to produce 100,000 liters of ethanol per day which will require the cultivation of 10,000 hectares of land area to provide feed stock for the project. O-SECUL wishes to partner with farmers/investors to implementing the entire value chain of the project.

Objectives:
A. Provide 10,000 hectares farmland and allocate them to the Small Holder Farmers / Investors.
B. To Organize a Mechanized Cassava Farm Management Team and to provide mechanized services to these farmers.
C. Provide the Small Holder Farmers /Investors with technical support through periodic training so as to achieve optimum in cassava production and weed management.
D. Supply the Small Holders Farmers with farm inputs; resistance / treated varieties of cassava cuttings, herbicides, pesticides, organic fertilizers etc.
E. Assist interested Small Holder Farmers with the input and farm mechanization service loan through CBN – Anchor Borrowers Program as we are the off takers for the products.
F. Assist the small holder farmers / investors with workable agricultural insurance policy as a backup for their investment.
G. Link Small Holder farmers /Investors with agricultural institutes and organization s
H. Monitor all the planting operational processes and provide the best agronomic practices.
I. Cultivate cassava for Udu Ethanol project and its value chain.
J. Assist small holder farmers / Investors to resolve challenges on the project.
Categories of Investors:
The 10,000 hectares will be cultivated in 5 phases of 2000 hectares each. This project is designed to empower/ create investment opportunity to over 5,000 farmers.
The following are the categories:

A. Crowd Funding Investors: Those who wish to invest financially in the project for profit without physical involvement apart from seldom visit to the farm.

COST IMPLICATION PER HECTARE:
Total cost (TC) of production : 288,600
Insurance 2% of the TC 5,772
Administrative Charge 15%of TC 43,290
TOTAL N337,662
TOTAL REVENUE : 20 tons of cassava per ha x N23,000 = N460,000
Net Income : N460,000 – N337,662 = N122,338
36% return on investment on total sum invested.
Duration: 15 months .

B. Independent Farmers: Farmers who are ready to cultivate Cassava on the farmland with their own finance. While, we buy the product off them at maturity.
COST IMPLICATION PER HECTARE:
Total cost (TC) of production : 288,600
Insurance 2% of the TC 5,772
Administrative Charge 2 %of TC 5,772
TOTAL N 300,144
20 tons of cassava per ha x N23,000 = N460,000
Net Income : N460,000 – N300,144 = N159,856

53% return on investment on total sum invested.
Duration 15 months .


C. Support Farmers: Farmer who are ready to cultivate cassava on the farmland but will need financial support through bank loan.
COST IMPLICATION PER HECTARE:
Total cost (TC) of production : 288,600
Insurance 2% of the TC 5,772
NIRSAL 2% of the TC 5,772
Commercial banks 18% of TC 43,290
Administrative Charge 3 %of TC 8,658
TOTAL N352,750
20 tons of cassava per ha x N23,000 = N 460,000
Net Income : N460,000 – N352,092 = N 107,908
31% return on investment on total sum invested.
Duration 15 months .


D. CAPITAL PROJECT INVESTORS: We wish to partner with investors in our capital projects in the value chain such as;
• The Chips Processing Plant
• The Industrial Starch Plant
• The Cassava Flour Plant
• The ethanol plant
All at the proposed industrial park; All these projects are open to investors in this category on equity.
Osecul Nig. Ltd is the off taker for the cassava tubers in all of the categories: putting best agronomic practice in place we hope to achieve minimum of 20tons per hectare and we are buying off the farmers / investor at the rate of N23,000 per ton.
Therefore : 20tons x N23,000 = N460,000 gross profit per hectares .
To meet with farmers and investors and create a platform for us to interact in any/ all of the above categories we have been organizing free seminar:
A. Warri Seminar was held the 8th March , at company premises , Osecul Multipurpose Hall , 149, Airport Road, Warri , Delta state
B. Asaba Seminar was held today 22nd March, 2018 at Chad-ef Hotel , along Illah road, Asaba Delta – state.
We are very much available to discuss/ meet with stake holders / partners on any of the cassava value chain.Kindly note, all of the above is subjected to change. Contact the undersigned for latest details.
Thank you.

Sola Agoro
The Project Consultant
08037200191, 07013214716,
Email :Solaagoro74@gmail.com,
nigeriafarmersforum@gmail.com

1 Like

Re: Investment In Cassava Value Chain - Cassava Home Project - Sola Agoro by GreenAcres(m): 2:51pm On May 13, 2018
This is a great and ambitious plan. Expect a mail from me soon. I am interested in keying into some areas of this project.

Cheers, and good luck.

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