At Protofos Farms Limited, we’re revolutionizing the agricultural landscape in Nigeria. Since our inception in 2018, we’ve been driven by a singular vision: to harness the economic potential of Nigeria’s agricultural sector and build a dominant agribusiness that benefits both our bottom line and the communities we serve.
Our business model is built on three pillars: Sustainability, Profitability, and Growth. We continuously scan the agroecosystem for opportunities to enhance our model, ensuring a lasting impact on the environment, our stakeholders, and the economy.
Our ambition is bold: to cultivate a minimum of 1,000 hectares of land, achieving sales turnover of over N20 Billion Naira within a decade. We’re making strides towards this goal, with 250 hectares of rice farm and 45 hectares of sesame farm already under our belt in Obi LGA, Nasarawa State.
Our expansion into Benue State, in partnership with the University of Agriculture, will further boost our capacity for large-scale commercial farm estate for crop cultivation and processing facilities.
But our impact goes beyond profits. We’re committed to making a difference in our host communities through advocacy, healthcare support, and water provisions.
To be a leading agribusiness in crop cultivation and value-chains ecosystem, propelling growth, fostering innovation, and championing sustainability for a prosperous future.
To become a dominant agribusiness organisation in Nigeria, leveraging cutting-edge agronomy practices and a resilient business model that creates value for our stakeholders, drives sustainable profitability, and fosters long-term growth.
To establish a 1000-hectare integrated farm estate, achieving over ₦20 Billion in sales turnover within 10 years of operation, while maintaining sustainable practices and driving economic growth.
Our business model is built on three core pillars: Sustainability, Profitability, and Growth. The key strategies that underpin our model are:
1. Implement large-scale commercial farm estates for cultivation and value chain processing.
2. Target the Business-to-Business (B2B) market segment for off-take of our derivatives.
3. Adopt best-in-class management and financial control practices.
Our operations are funded through short-term investors (per farming cycle) at either 25% interest or profit sharing at 40% of the net profit.
However, the farm estate will be funded through long-term equity investors, providing a stable foundation for our growth and expansion.
Three key risk factors and our mitigating strategies:
1. Security: Location selection, labor background checks, and farm security measures to prevent herdsmen and cow intrusions, and theft.
2. Market: Projections include buffers to account for potential market fluctuations due to economic, policy, demand, and supply changes.
3. Management: Robust management templates ensure operational efficiency, financial integrity, and best agronomy practices to mitigate management risks.
