Dizengoff Nigeria in partnership with Best Foods Fresh Farms Ltd and Apel Capital & Trust has set up an agriculture investment fund that is meant to support and finance modern greenhouse farming for has been set by for investors.
The fund is a development programme that includes a range of services and financing and non-financing facilities to encourage farmers to introduce greenhouse farming and modern agricultural techniques, and contribute to the food security system.
As part of the project, Dizengoff will deliver to Best Foods Farms 10 units of greenhouses to set up a demo/model farm at Igbodu in Epe where Best Foods Farms already have a farm.
Apel Capital & Trust will act as trustee for this investment fund. Fund is targeting to achieve 35 percent return for investors who are investing into the fund. The minimum investment required is N500,000.
Best Foods Fresh Farms Chief Executive Officer (CEO), Mr. Emmanuel Ijewere, said: “The scheme, which will be managed by a trustee (Apel Capital), is expected to bring a group of investors’ funds together with the aim of investing in the agricultural sector to generate more profits”.
Ijewere explained: “Our main purpose of establishing the modern greenhouse farm, is to create a profitable state-of-the-art functional structure in the center of the West African commercial capital, by providing simple innovative and effective farming methods to produce and supply high quality, fresh produce not just to our outlets, but to the broader market of Lagos Metropolis.
“Apel Capital & Trust will act as Trustees of the Fund for the Project. Therefore, your investment will go into operating greenhouses and open field cultivation of short-term horticultural produce for both the Lagos market and environs.
He urged those who want to join the scheme to contact his firm.
Dizengoff Chief Executive/Country Manager, Mr. Antti Ritvonen said: “As the technical partner on this project, Dizengoff will focus on its area competency, which is to ensure bountiful production all year round, thereby giving investors value for their investment.