Investor Presentaiton
NSIA-UFF Agriculture Fund
Project Objectives
The NSIA-UFF US$200.0mn Agriculture fund was established to develop
large scale farming combined with out-grower schemes in areas that
address both food security and foreign exchange through exports.
NSIA and UFF will invest US$25mn each, third party investors up to
US$150.0m, targeting a total commitment size of US$200.0mn.
The investment is structured in a 70:30 ration between food security and
export market. With investments both in farming, infrastructure such as
irrigation, dams, storage and mechanization of farming in Nigeria.
The Fund targets greenfield and brownfield projects as well as investments
in high technology driven agriculture
Initial target area for food security are maize, rice, dairy farming and
cassava. Export include table fruits, citrus, cocoa, sesame etc.
Project Name
Novum Farms
Products
Maize,
Soya
beans
Gurara Dam
TBD
Cassava
Opportunity
Cassava
Additional
Offshore
Investors
Future
NSIA Agriculture
Investment
Company (NAIC)
50%
Project Structure
Old Mutual African
Agri-Fund I PCC
50%
NSIA
Agriculture
Investment
Company
(NAIC)
UFF
Management
(Mauritius)
Asset
Management
Contract
50%
INVESTCO
(Mauritius)
MANCO
(Mauritius)
Management
fees
Project 1
Project 2
Project 3
Project 4
Establishment of
Agric Fund
50%
Advisory Engagement
Transaction
Development
and Due
Diligence
Closure of first
transaction.
MANCO Adviser
(Nigeria)
Capital Raising
for US$100-200mn
additional funds
Investment Pipeline
Description
Nigeria
Sovereign
Investment
Authority
Investment into an existing chicken feed producer located
in Nasarawa state for backward integration into maize,
soya bean and wheat production on 1600 ha of land.
Large scale farming opportunity on 2,000 ha of land
located in close proximity to Gurara Dam located in
Kaduna state.
Relocation, installation, and the eventual operation of a
Cassava starch plant in Edo State.
Project Roadmap
Q3-Q4 2016
Q1-Q4 2017
Q1 2018
Q2-Q4 2018
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