… opens investment windows to subscribers
Efforts to curb the huge foreign currency of more than 2 billion dollars. The US, spent every year on imports of food and agricultural products in the country, is gaining momentum thanks to the innovative agribusiness model presented by the Nigerian Farmers Group and the corporate society.
A revolutionary model that works on more than 1,000 hectares of land in Gaata, Nasarawa, offers Nigerians from around the world the opportunity to invest in the farm as subscribers without presence, while the corporate uses a fund to hire farmers who grow hectares on their name with high yield, grow, harvest, process, store and sell crops.
The all-encompassing farm, which also offers a ranch platform under the supervision of paid shepherds, provides a good return on investment for subscribers at the end of the agricultural circle, and also enables subscribers to invest in their two investment windows in February-May and August-November farmers.
Speaking about the rationale for a state-of-the-art farming settlement, the national coordinator / general secretary of Nigeria and the cooperative society Retson Tedeke said that the farm was informed of the vision that some human rights defenders had become agronomists who left their endless occupation in the National Assembly for the occupation of farms for empowerment of people.
"Our vision is to revolutionize food production, influence the value chain and create profitable employment for people in the long term. In addition to renting land from the owners, we hired more than 300 local residents, who we pay weekly for work on the farm, and now they become breadwinners in their families. We became a part of them, creating training centers, installing wells and influencing their social life.
"When we do this, we create promising routes for any Fulani community that owns large cattle around us, and also uses them as farmers and a security team. With this arrangement, they know that the farm pays their bills, supports their families; therefore, they will not allow their livestock to destroy the farm, "explained Retson.
For Retson, who was banned by people from Gaat for his benevolence, the value of food imports that could be produced in the country is huge, and also that it is sad that there are less than 200,000 tractors available for a population of 180 million people, of which 40-50 percent – in agriculture.
Niger's repentant militant Nigeria noted that the corporate model in the past had beaten any known model and looked after many Nigerian investors because of the system's efficiency, transparency and business model, which provides a good return on the investments of subscribers.
"Our project is a project that must be supported. This is a model that the private sector can use, because we have eliminated all fears that frighten people from investing in agriculture. You can get access to the farm and monitor our actions, "explained Ratson.
Upon returning to the investment, the revolutionary farmer said: "In the last agricultural season, we paid everyone who invested, and most of them invested even more in us in the new agricultural season."
Another good thing about the model is the urgent need for studies based on research that led to the emergence of options with high yields, reduced cost per hectare and improved soil fertility through soil texture among other tests.
In addition, the Nigerian Framers group and the corporate society are encouraging local manufacturers, using locally produced equipment, from Enugu, Ibadan and Ilorin, to accelerate the production process, towards partner research institutes across the country in terms of growth trends.
Currently, the corporation is funded by the subscription of some Nigerians who believe in the project, support for debt and capital from companies such as Apical Limited, which is developing a warehouse on the farm and KiaKia, a young Nigerian company that engages in microcrediting and supported the corporation through credit support.
However, Retson noted that the farm, which began last year, needs a foundation and support to expand and optimize its potential for more than 1,000 hectares.
"Support for the private sector is limited by the fact that the emphasis is on quick return on investment. Agriculture is not what you do today, and you want to earn money immediately. It has a process that you must set up and make it work. We are discussing with Apical and Kiakia to find out if we can have access to foreign financing. If you go to Nigerian banks, the value of money is insane. If I go to a Nigerian bank to select a $ 1 billion loan to support the farm, I will do so with a 25 percent interest rate, including administrative expenses. But the Singaporean farmer here, in the northern center, chooses his loan by 2-3 percent, then how can I compete with him. The cost of financing is just as important as financing itself, "he said.
But the biggest intrigue of the Nigerian group of farmers and corporate society is the peaceful coexistence of local people, shepherds and farm personnel from across the country.
Rasson said that the farm is a template that the federal government must copy to resolve the ongoing clashes between farmers and shepherds across the country. The secret for him is the inclusiveness of the model and even the encouragement of Fulani's shepherds to try to ranch on the farm instead of open grazing.
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