ABOUT US
JP Agro Allied Multi - Choice Int'l Ltd is a privately owned indigenous company incorporated on The 7th of March, 2016 as a limited liability company under the Company and Allied Matters Act 1990. This company was established to engage in all forms of agribusinesses with focus on primary production, agro-processig, agro-commodity trading and supplies of agro commodities especially rice, cassava, sorghum, millet, soybean, maize, etc. .
JP Agro Ltd has acquired land in the Imo State for the cultivation of 1,250 hectares of Rice for the 2020 wet season production. The promoters of the company have put together all the necessary facilities to continue the farming operation.
HISTORY
JP Agro Allied Multi-Choice International Limited, (JP), is a profit-based International Humanitarian Organization. It is a registered company with the Corporate Affairs Commission of Nigeria. In 2015, JP Agro established the JP Farm project as a double impact investment on a 2,000 hectares of fertile land spread across two locations in Imo State, Nigeria ( South -Eastern part of Nigeria). The farm is near Imo river, which is the main source for irrigation.
JP’s Mission is in the area of increasing food security in Nigeria and bolstering the socio-economic status of the Nigerian people. In 2016, JP secured technical partnership
with expertise from Thailand. The company plans to achieve this aim in partnership with investors and continued technical partnership of experts from Thailand or any other rice producing country. The technical experts involved in the project have standing records of helping their nation’s irrigation system for rice production. JP Agro has also secured a working relationship arrangement with the Federal Ministry of Agriculture Abuja, Nigeria and the Imo State Government.
The principle farm operations are production, processing and marketing of rice products and agricultural consultancy services. The focus on Rice is because rice is the major staple food for the Sub-Saharan African region.
Although currently JP farm is utilizing only 80 hectares of land for rice production, the State government has been impressed by its operation and development strides. The Imo state Government has invited JP farms to expand their operations to 10,000 hectares with an additional 8,000 hectares along the Imo river, (access to ready water for irrigation).
JP Agro therefore seeks a strategic investor that can deploy adequate expertise and financing for the expansion to avoid the current piece-meal financing structure. In exchange for this, JP is willing to seed controlling shares in this operation to the strategic partner.
The recent crisis in the oil industry has prompted the Nigerian government to intensify its drive for diversification of the national economy. Agriculture has become a priority as the government frowns on food imports, including rice, Nigeria’s most important staple food source.
Excessive rice importing causes loss of jobs in Nigeria, depresses local production, and is unsustainable given the rising demand for rice in Nigeria. Expanded large scale local rice production in the near future is essential if Nigeria is to avoid a severe threat to its food security.
OPPORTUNITY
JP Farms is looking to take advantage of this opportunity – one in which rice imports are replaced with locally grown crop. Designed as an integrated agro-business engaging in the production, processing, and marketing of agricultural products, with a focus on rice farming, the JP Farm project is a potential key to ensuring a future in which the country’s rice demand is met through means that are local and sustainable.
The population of Nigeria is currently over 183 million people. The demand for rice in Nigeria equals 7 million metric tons per annum, yet only 2.7 million metric tons is currently produced by Nigerian farmers, leaving a gap of 4.3 million metric tons in the domestic market to be covered by importation. Currently the Nigerian government has placed embargo/ban on importation of foreign rice into the country. Additionally, rice consumption is forecasted to grow at a minimum of 6% per annum.
Nigeria is the continent’s leading consumer of rice, one of its largest producers and simultaneously one of its largest importers in the world.
Rice is an important food security crop and an essential cash crop in Nigeria. It has mainly small -scale producers who commonly sell 80 percent of their total production and consume about 20 percent.
Considering the high demand for rice in Nigeria, the need for more mechanized process and income prospects from fully mechanized rice farm remains a
MARKET OUTSIDE OF NIGERIA
JP has researched the potentials for an International market. Along with the JP Rice Brand, JP plans to leverage the current annual demand in the UK, which is over 120 metric tons of Ofada rice (the local species of rice eaten by Africans internationally). JP farm will utilize a portion of its farm to cultivate Ofada rice to capture the growing international demand. JP Farm also hopes to export to local markets in African countries other than Nigeria.
SUMMARY
JP Farm project is a Double Impact Investment, offering return on investments while enhancing the social well-being of its host community through sustainable rice production. Any potential investor will benefit from the project.
