In light of the national rice shortage, Green Eagles has pioneered ‘Naija Rice Project’ to drive rice sufficiency in Nigeria. Naija Rice Project is a practical solution to serve Nigeria with quality, yet affordable rice (as low as N8,000 per bag in a few years) while opening up opportunities to millions.

With a population of over 200 million, 3.7 million of the 7 million tons of rice we consume in Nigeria yearly is imported. Meaning we spend an outrageous N700 billion (N2 billion daily) to put imported rice on our tables! Thankfully our government has taken us to task. So it’s time to ask, “Should we be sending our money abroad to enrich foreign economies or should we expend it here for gainful employment for millions of our people, wealth for investors and revenue for our government?”

‘Farming with Farmers’

Naija Rice Project will sponsor rice farmers to provide them with excellent quality inputs and capacity building (with GAP et al) for a year-round end to end integration from farm to table. A ‘farming with farmers’ that ends with optimal returns for farmers and decent returns for sponsors. A sustainability factor is that we will build, operate and grant the rice mills (after 7 years) to the host community of farmers while keeping them in our loop for sustained access to markets. A win-win for all!

Excitingly, it’s an investment we have structured to give 40% ROI to sponsors every six months for 7 years (560%), after which the capital is exhausted. Presently, we have on boarded farmers in Kebbi and Adamawa States for the first stage of the project and are rapidly advancing to other states.

‘Farming with Farmers’

‘Farming with Farmers’

The goal is to sponsor 700 groups of 250 farmers who will cultivate 2 hectares twice in the year to produce 6 tons per hectare for a gross output of 4.2 million tons of rice yearly. At N13,000 per bag of rice, a gross revenue of N720 billion is projected. In effect, we would bridge the rice production gap, move our economy forward, creating sustainable wealth for sponsors, employment for millions and a revenue flow for government.

The model is market-led, technology-driven and greatly de-risked through an unbroken chain of efficiency from farm to table with full insurance coverage at every step of the value chain.

The time is now! The stage is set! Join the race for rice independence today. Apart from national pride, steady returns await you. Will you get involved?

1 Land preparation ₦49,280
2 Certified seeds ₦6,000
3 Nursery formation ₦4,000
4 Transplanting ₦16,000
5 Fertilizers & crop protection ₦39,000
6 Irrigation ₦49,160
7 Farm labour ₦40,000
8 Harvest ₦36,000
9 Administration ₦4,600
10 Consultants’ fees ₦12,000
11 Insurance (3.5%) ₦8,961
Total investment: ₦265,000
Return on Investment (40% ROI)

Every 6 months for 7 years after which the capital is exhausted.

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