Investment
A phased, stage gated plan
Phase 1 of NGN 150 million to NGN 250 million, followed by a larger Phase 2 expansion sized on results.
Phase 1
Development: NGN 150m to 250m
| Pilot area | 75 to 120 hectares: cassava 50 to 80 ha, maize 25 to 40 ha |
|---|---|
| Development investment | NGN 150 million to NGN 250 million, excluding land |
| Processing capacity | 10 tonnes of fresh cassava roots per day |
| Direct jobs target | 15 to 55 farm jobs, plus processing unit staff |
| Annual crop revenue target | NGN 60 million to NGN 220 million, raw produce only |
| Funding | Sponsor equity, with investor equity and equipment finance for the balance |
Use of funds
Where Phase 1 capital goes
Cassava
50 to 80 hectares at about NGN 1.5 million per hectare.
Maize
25 to 40 hectares at NGN 0.56 million to NGN 0.77 million per hectare.
Processing unit
A 10 tonne per day primary unit at NGN 58 million to NGN 63 million.
Allowance
A 20 percent allowance for machinery, storage, site works and contingency.
Together these components total NGN 165 million to NGN 244 million, within the Phase 1 budget.
Phase 2
Expansion
A larger investment of project debt, equipment finance, working capital and further equity, sized on Phase 1 results and feasibility. It covers the cocoa and cashew plantations, the remaining cassava and maize area, larger processing and storage, and the outgrower program.
Stage gates
Capital released only when each gate is met
Preparation
We plan to set up the project company and secure land with clear title before committing capital beyond preparation costs.
Phase 1
We aim for measured yields of at least 20 t/ha of cassava and 3 t/ha of maize over two seasons, and the processing unit running at 10 t/day.
Phase 2
We aim to secure offtake for most planned output and a supply plan before expanding.
Risk note. This page describes plans and targets. It is not an offer of securities or a solicitation of investment. Agricultural projects carry risks including weather, yields, prices, land title and financing. Prices and costs are in nominal naira as at 2026, and cassava and cocoa prices have been highly volatile.