In our quest to expand the frontiers of our investment, the company applied to Oyo State Ministry of Agriculture for commercial farmland to plant Cashew on a large scale and engage in Integrated Farming dedicated to The Export Market in Europe and Asia. The Cashew Plantation will be inter cropped with Maize, Sesame, Market Gardening and Animal Husbandry in the form of Cattle Herding, Goatery and Piggery. These will be done side by side with the Plantation to generate Cash flow and Sustainability.
The project aims to exploring the vast Agricultural resources of Oyo State through the establishment of an Integrated Farm Project in order to achieve the following goals:
1) To provide for the Indigenes of Oyo State and its environs.
2) To provide gainful employment for people thereby improving their livelihood especially The Locals.
3) To invest in livestock and crop production with expectation of good returns on a sustainable basis taken to cognizance the Environment and the looming dangers of Climate Change.
4) To provide Taxes and Levies to the Federal, State, Local Governments and relevant MDAs thereby shoring up the IGR of the various governments.
COMPANY PROFILE
Cynmabi Foods & Farms Limited and The Builtforms Nigeria Limited are registered companies in Nigeria to carry out the businesses relating to Agriculture, Agro-Industrial and Agricultural Export for both Domestic and International Markets. Our office is located on No 1, Pilot Drive, Aerodrome.GRA, Ibadan, Oyo State.The following are shareholders in the companies;
1) Architect Olubunmi Abiola Ayeni
2) Pastor (Mrs) Oluwasinmidele Adetoro Ayeni
3) Architect Simeon Olufemi Odunlami
4) Engr. Samson Akinyele Adeboje
5) Architect Samuel Oladipupo Oladokun.
Cynmabi Foods & Farms Limited presently has a 20 Hectares Plantain Plantation at Akaka Village near Ode Remo in Ogun State with a Piggery, She equally has a maturing 10 Hectares Oil Palm Plantation in Badeku Village in Ibadan, Oyo State. She had operated an Eatery outfit by the name THE CHICKEN LOUNGE in Lagos before now.
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SCOPE OF WORK
Cynmabi Foods & Farms Limited with her Mother company, The Builtforms Nigeria Limited applied for land for commercial farming. The two companies were allotted 500 Hectares and paid for. 250 Hectares had been allocated and we have taken possession while the remaining 250 is yet to be surveyed out by The Surveyor General’s office and handed over to us.The project aims at opening up 250 Hectares of an Integrated Farmland for the production of the following Organic Crops and Livestock in the First Year.
i) Cashew Plantation – 250 hectares
ii) Market Gardening e.g. maize, sesame seed and Pepper – 25 hectares
iii) Animal Husbandry (goatery,cattle ranch, piggery) (Milk and Meat Production) – 25 hectares.
There will be a gradual expansion of the hectares for cultivation on a yearly basis by ploughing back of profits from market gardening, Animal husbandry (Milk & Meat Production), and also through additional. capital injection by our shareholders
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LEVEL OF INVESTMENT
We intend to spend N10million this year to do the following:
A. Site clearing, which has commenced
B. Sinking of 2 bareholes
C. A farm house to be built to accommodate the farm manager’s house, office, store, hostel for farm workers, other necessary conveniences and, a light mechanical workshop.
D. A sizeable portion of the land has been earmarked for cashew and pepper nurseries
E. We already have the following:
• A tractor, Plough, Harrow Planter, Boom Sprayer,
• 20-ton haulage truck, a 10-ton Iveco pick-up van, big and small generators
• Knapsack Sprayers 10 nos (15 litres)
• A number of cutlasses,and hoes
• 2 nos 20-ton tipping trucks
• 2 nos Bajaj motorbikes for farm monitoring and running errands
BENEFITS TO THE STATE AND OUR HOST COMMUNITIES
The proposed farm will impact positively on the state and the community in the following ways:
A. Knowledge transfer of modern agricultural practices with engagement of the local youths and interaction with the farmers.
B. Taxes and levies such as PAYE from staff salaries and other charges will be payable to the state and local governments and state’s MDAS
C. Employment for the locals as farm assistants, labourers, security personnel, veridors etc
D. A large market for Cash Crop Products will be created thus bringing in The Offtakers which in turn will impact on the local economy.
E. Our activities will help in gradual urbanization of Igangan and also stem The Rural-Urban Migration.