NFC Agroprocessing Ltd Processing Benue Crops for the World... ....#SustainingLife

NFC Agroprocessing Limited is refurbishing and operating Nigeria’s only natural fruits-juice processing factory. We will be using the abundant and very cheap raw fruits in Benue state, North-Central region of Nigeria, to produce a range of low-priced, premium natural fruit-based drinks and other related products that would provide life-sustaining vitality to tens of millions of people in Nigeria and beyond.

Fundraising

This venture is seeking finance for their venture. Are you an investor? Check out the Pro Account to see the details.

Idea

We have an elevator pitch. We are already working in <abbr title="Base of the Pyramid">BoP</abbr> markets and want to improve our current offering.
We have an elevator pitch. We are already working in BoP markets and want to improve our current offering.

To exploit the market opportunity created by the demand-supply gap in Nigeria’s fruit juice sector, we signed a 5-year lease in October 2013 to refurbish and operate an abandoned fruit-juice processing factory, situated within a 500-metre radius of Dangote Cement factory in Gboko, Benue State, Nigeria.

Team

Our founder has the business savvy and persistence to turn ideas into a company. We can build the product. Given the time and money, we can deliver on our promises.
Our founder has the business savvy and persistence to turn ideas into a company. We can build the product. Given the time and money, we can deliver on our promises.

Olumide M. K. OBASEMO, CEO --- https://www.linkedin.com/in/obasemo Olabisi OGUNWALE -- Executive Director -- https://www.linkedin.com/pub/olabisi-ogunwale/21/3a0/423 Benneth Ohia -- Production Manager -- https://www.linkedin.com/pub/benneth-ohia/29/435/911


Product

We have a working product or service. We have developed the product ourselves and own all of the <abbr title="Intellectual property (IP) rights are legally recognized exclusive rights to creations of the mind.">IP</abbr> for the product.
We have a working product or service. We have developed the product ourselves and own all of the IP for the product.

Flagship product already launched and in distribution, other products are currently being developed.

Revenue

We already have revenue from paying customers.
We already have revenue from paying customers.

We will generate revenue from producing and selling the following FMCGs to retail distibutors, HRI outlets in target market region: A. GWater sachet: installed monthly production capacity of c. 65,000 bags monthly (at N120/bag) (to cover our overall OPEX, thereby improve profitability from B & C); B. Bottled GWater: Installed monthly production capacity of c. 35,000 cartons (at N500 each); C. GJuice: Expected monthly production capacity of 65,000 cartons (at N1500 each) D. Fruit Concentrates.


Inclusiveness

We involve low-income groups as consumers. We involve low-income groups as producers. We involve low-income groups as distributors. We involve low-income groups as employees.

Despite being home to the huge abundance of citrus fruits, Benue records as much as about 70% losses annually during peak harvesting seasons due to lack of appropriate processing & storage facilities. Our business solution to this problem provides guaranteed buyer for local small-scale farmers & expand local content in Nigeria's agricultural sector

We involve low-income groups as consumers. We involve low-income groups as producers. We involve low-income groups as distributors. We involve low-income groups as employees.

Potential US$5m supply market for about 500 local farmers and small-scale raw-material supply businesses in a low-income area of the country; Employment opportunities for about 200 youths, especially women, thereby providing regular income and financial support for their families

  1. Idea and Stage

  2. Team and Organization

  3. Market and Marketing

  4. Finance

  5. Impact

  6. Investment

Team

Updates