“You only borrow dollars to invest in enterprises or projects that will yield dollar returns or catalyse other ventures that will yield dollar revenues.”
STRUCTURING ENTERPRISES/AGRO PROJECTS TIED & DIASPORA TARGETED BOND INSTRUMENTS THAT CATALYSE MASSIVE DOLLAR REVENUE, YIELDING AGRO WEALTH IN THE SOUTH EAST
As at close of business on Friday, March 29, 2024, a metric tonne of dry Cocoa beans sold for $10,400 in the international market. A metric tonne of the CRUDE Palm Oil also sold for $1,025 the same day. Many people are not aware that the South East of Nigeria is a rich Cocoa Bean. The Visionary Dr Michael Iheonukara Okpara, facilitated the development of now abandoned or poorly utilised hectares of Cocoa Plantations in the old Eastern Nigeria (thousands of them). Over 60 years ago, scientific or deliberate cultivation and development of 120,000 hectares of New Hybrid Cocoa plantations in the South East, under a robust MCDPPP model [putting Participating farmers into counter guaranteeing cooperative frameworks at the ward levels], will unlock within the next 5 years, giving annual revenues of $1billion/N1.3trillion into the next 30 years in the South East of Nigeria.
This is creative and a value adding or wealth creating scheme, the local government authorities can easily anchor under MCDPPP framework, in a transparent system devoid of all manner of political “ghaghaghaness” (carelessness). This scheme will create over 120,000 direct jobs or sustainable millionaire Cocoa farmers, and approximately 200,000 indirect jobs across the South East of Nigeria, think about it. We are putting in place a robust, well oiled/funded PPP driven Commodities Board, to offtake directly and export outside Nigeria every kg of Cocoa produced and processed in the South East .
Some of the biggest global commodity traders that we have so far engaged are so excited and ready to bet on this scheme of arrangements. We only plead with the Governors, LGA Chairmen and Politicians, who are mostly not interested in legacy and massive value adding projects as well as enterprises with medium term gestation period, to at least do the little thing that will not touch their FAAC and JAAC allocations. Enact and enforce the anti open grazing and kidnapping laws in your states and empower the communities to participate actively in protecting lives and properties rights in the South East region . We don’t want Cows eating up the Cocoa tendrils and people’s investments.
Diasporans, Old Boys Associations, Community Groups, Religious Groups etc, can aggregate their members together into registered cooperatives to enable them to structurally aggregate funds, finance and execute this cash spinning cash crop project that will yield incremental annual revenues into the next 30 years. The sum of N1million to N1.5million will be adequate to cultivate a hectare of a high yielding Cocoa plantation, that can yield up to 800kg to 1.2kg of dried Cocoa beans annually on maturity within 3 to 5 years. A tonne of Cocoa is currently going for $10,400. Think about this…
We have offtakers that can buy up everything you produce and process at your farm. We also have well trained agronomists and agro extension personnel to handhold and help you into agro mega wealth. This land is paradise, just given to us by God. We all need to collectively unlock the massive wealth hidden therein.
This scheme does not need any input from Abuja or Aso Rock…The Governors and legislators, over to you.
WELCOME TO APRIL…Happy New Month
OBIARAERI, Nnaemeka Onyeka
What’s app only 09090900989
nnaemeka.obiaraeri@sefapcol.com