Additional Information

Investment Overview of Integrated Rice Mill Financing: 

5.9 million MT was the value of demand for rice in 2014, local production that same year was estimated to be 2.7 million MT (Sahel Capital), the reality is that we are not close to satisfying local consumption in Nigeria, it is expected that in 2020, due to series of factors; the gap between demand and supply would have widened.

In our pursuit to ensure that Nigeria is food sufficient and secured, FarmFunded is opening a rice mill financing plan which will allow the pool of investors fund procurement of integrated rice milling machine which will ensure increase in capacity to produce four times what we have been able to achieve with the rice processing investment plan in 2019.

The IRMF (Integrated Rice Mill Financing) allows investors to fund units available which will be committed into the procurement of milling machine, and processing of paddy rice to premium parboiled rice.

Subscribing to the IRMF entails the following:

With the integrated rice mill financing, your investment will be channeled to:

1.       Purchase of Integrated Rice Milling Machines.

2.       Construction of mill.

3.       Transportation of machines from the manufacturer to the mill.

4.       Processing Paddy Rice purchased to Premium Parboiled Rice.

5.       Enlistments of personnel to oversee the function and maintenance of machines.

7.       Comprehensive Insurance Cover on the Integrated Rice Mill in the factory.

Balancing expectations and actions in this period of uncertainties towards the achievement of food security in the long-run has been ingrained in our call, we are determined to place Nigeria in the forefront of food production (rice) in the coming years. Join us to achieve this together by funding the IRMF.

Investment Details:

Unit Price: NGN100,000;

Returns on Investment: 80%; (10% Returns paid every 3 months).

Duration: 24 months.

Location: Kano State.