Bimffo:


Ginger and Popsy.

He told me, there might not be work by the time I leave University. So he bought land. Acres of Farm Land for cheap.

I then contemplated.

Plant Gmelina Arborea, then wait for 5 years without taking care of it to cut once, or plant cashew, use money to take care of it for 4 years and run harvest for 50 years.

I went for the hardest.

I feel it is the hardest. The money I use to take care of it till maturity is from Bambiala from Family members.

Ibime:


Have you started harvesting? If so, run the numbers for us.

Bimffo:


I will do the breakdown by the end of March or before rain starts.

We are in year 4. First harvest.

But for 1½ weeks now, we've been getting 3k per tree averagely. Those trees harvested will still sow more fruits and nuts though.

Ibime:


N3k?

How many trees enter 50 acres?

BlueRayDick:


But Buhari campaigned for him recently in the Northeast now.

Bimffo:


It will produce at full stage at age 7 or 8.

I planted 4.5m by 4.5m.

99 trees on an acre. But the thing is, not all of them survived. 70% survived. 3,000 trees at least.

At full stage, it should give me at least 10-15k per tree, no matter the state of the economy.

Ibime:


So N30m per year using N10k per tree at full stage in about 3 to 4 years

Is that profit, Gross Revenue or Net Revenue? ie before or after costs are deducted

How much you been want sell am for japa runs sef?

Bimffo:


It should be profit considering I can pay the debts I have incurred on the farm in 3 years time. Used like 7 million in taking care of it.

Was searching for someone that I can lease out to sef. For 1 year, and thee person will give me 10 million naira.

The picture shown was me last year, at the desperation of my Japa fever. . The guy I message didn't reply. Second picture is to show you date.

I was tired and desperate that last year. But unfortunately for me, na embassy USA send me come house.

Unlimited22:

I mean, not just interstate o, inter regional travel

State wey I dey, the eastern border na Cameroon.

Lagos folk dey try wallahi

raumdeuter:


When I was working in Lagos 15 to 20yrs ago. I lived in Egbeda and worked in VI.

GTOkowa:
Your money don enter voice mail be that.

FBS:
And FYI, just saw that you can now use your phone emojis on NL 🎉

larride:


Las las Emefiele don carry us reach where we no know.

Ibime:


Seun done run am ✅✅✅

FBS:

Yes sir, it works.⭕️❌⭕️
Just came across the post and I wonder why it's not on the front page.

Ibime:


Ballzproblem go kill us with emoji for the other side

Everytime we have a Here We Go 🔥🔥🔥🔥🔥

Ibime:


Ballzproblem go kill us with emoji for the other side

Everytime we have a Here We Go 🔥🔥🔥🔥🔥

Ibime:


Japa talks aside, you are sitting on Fixed income there. Another 50 acres join sef

What of harvesting, processing and transportation (operational) cost? is it deducted from that N10k wey you calculate?

Typically a business with proven and stable cash flows in a stable economic environment can be valued at 7 times EBITDA (Operating profit). So the value of that 50 acres is N210m at maturity if N30m is the proven annual EBITDA. You also have another 50 acres coming to maturity in another 6 years. The only caveat with such a valuation as applies to Nigeria is the stability of the Naira.

As cashew is a cash crop, if you can lock into the international market, you can stabilise your cash flows regardless what Naira is doing. On my travels to Gambia, I met a British-Jamaican guy called Bonga whose work is adding value to cashew. He doesn't own any trees, he pays all the local villagers 10 dalasi per sack of cashew they bring from communal trees, he then hires some niggas from Guinea Bissau to roast and process in his roastery (Cashew business is big in Bissau and Mozambique in Africa) and then he packs about half to a full container of processed cashew to ship to UK per year. He gave me a tour of his roastery, and said that's his main income source. The cheapest cashew you will buy in UK is like £6 per kilo in the discount stores, I imagine he will be collecting like £2 per kilo, meanwhile average international export price of cashew is like $1.20 per kilo which I'm sure still works out much higher than your yield of N10k per tree.

Without digressing too much, you are sitting on a reliable future cash flow which with development of foreign buyers can yield substantially more.

Bimffo:

I have a dream of working 4 months in a year and chill for the remaining 8 months. But I am super scared of Nigeria. Nigeria can happen to anyone, and you will think you figured it out when you have not even started.

If not that Cows can't eat Cashew because of its acidity, they would have destroyed my crops like they did my maize. I just had to stop planting maize.

Last Year, the cashew had small harvest, I couldn't enter farm/bush o. People no even follow me go the farm. Make Herdsmen and Bandit no carry us go where I no know. (That last year was that Igboho's time. It was fire for fire.) I stay for my Lagos. Because where I wan see 50m ransom.

I just mad small this year, I suppose no go. But I don dey on for like 1½ weeks now.

How can I have something, and I can't access it because of insecurity?

Reason I want to run away before them nab me, and I find myself begging European league section guys for ransom.

Ibime:


Na the main wahala of Nigerian investments be this, especially bush investments. If Naira is not hammering you, then safety and security is a concern

One need to look into how to run this same thing for another African country where land is cheap and life is secure

OasisX:
Nice, educating convos since morning. Bimffo.... I advise you pm ibim.e for guidance and possible linkups.

You gonna make lots of money with your cashew business. I have secured 4 acres of land for tomatoes farming - exportable tomatoes not the common ones in Nigeria Markets. 🍅🍅🍅

I am much interested in Agrobusiness, hope to read more from your experience so far.

Bimffo:


Yea. I will surely pm him when the time is right. I will need to learn from him.

Those Tomatoes. Do they last longer than the Nigeria own. If yes, how many months. And who are those that will buy.?