OGBIDI FARMS LIMITED SERVICES

TO WHOM IT MAY CONCERN


APPLICATION FOR A LOAN AS OUR PROMOTER

OGBIDI FARMS LIMITED is registered with the Corporate Affair Commission under the Companies and Allied Matters ACT, 1990 of the Federal Republic of Nigeria, and that the company is limited by Shares with the Registration Company Number RC 798026, Given under my hand at Abuja this 28th January 2009. With the following Business Objectives:-
(a) To carry on the business of agriculture in all its Ramification and Sales of agricultural Equipments and agro-chemical products, procurement, processing and packaging of farm/agricultural products.
(b) To Carry on the business of Importers and Exporters, General Merchants, wholesalers/retailers, dealers, marketers, distributors and supplier of general goods.
(c) To carry on the business of fast foods restaurant and Catering Services, Hotel Services, Confectionaries, Bakery Products, Production/Packaging of Bottled/Portable Water.
(d) To carry the Business of General Contractor, investment sssmanufacturer/manufacturer’s representatives in all types of consumer goods and services.
Our intention is to build a large hectares of farm Land, with our location at Agenebode, etsako east L.G.A of Edo State, and Jesse land at Delta State. Our major aim is to cultivate and Produce major food crop in Nigeria, which is Cassava, along with other perennial crops and Export Commodities such as Ginger, Chili- Pepper etc.


Cassava is Africa’s second most important food staple, in terms of Calories consumed, Cassava is consumed daily and sometime more than once a day by an average Nigerian. Looking ahead, as cost of cassava production, harvesting, processing and marketing, one can expect cassava to play important role as a source of livestock feed and industrial raw material in Africa and Europe, as well as a source of foreign exchange earning through the export of cassava pellets for livestock
The use of cassava in it’s industries and as a foreign exchange earner in Europe livestock feed market is basically one of high economic value. Africa cassava pellet is highly competitive with Asian pellet in the livestock feed industry in Europe.
In addition with Natural gas ethanol from cassava and molasses to replace MTBE as additive in Gasoline to make Gasohol has being promoted. Gasohol is a strong demand for energy in Europeans industries.
Gasohol is made from cassava starch Environmental concerns of plastic bags and packaging fooms have led to fle research and development of biodegradable packages made from cassava starches. Now you can see how Economic value cassava export can be, if we place great value by embarking on this business of cassava production.
Based on this fact we are asking great assistant of this organization to come to our aid in the purchase of the following AGRICULTURAL Equipments through the needed loan from our bankers (Fidelity Bank plc.) so as to enable us to embark on a large scale and Mechanised production of cassava tubers and pellets


Equipment Descriptions
Amount(NAIRA)
1
Toptech Tractor FT704 4 Wheel Drive with cabin & Equipped with Perkin Diesel Engine 70Hp

2,700,000.00
2
Disk Harrow
400,000.00
3
Plough
600,000.00
4
Disc Ridger
250, 000.00
5
6
7
Cassava processing Machineries & Pellet Storage Facilities etc.
Weighing, Packaging and Drying Equipments
Toyota Van



2,500,000.00
600,000.00
2,700,000.00

Total
9,750,000.00

N150.00 = $1.00
Therefore N9,750,000.00 = $65,000.00
Though you may not really give us all the money we needed, but at list we could get 30% security deposit (from you as our sponsor /promoter) on our cooperate account with Fidelity bank Plc.
Fidelity Bank Plc is putting up an Agricultural facility called;
AGRIC TRUST FUND FACILITY (ATFF) which is designed to increase the production of agribusiness, through tripartite arrangement of beneficiary, sponsor/promoters & bank. It is designed to provide funding needs of Registered Cooperative’s that are into in various productive agribusinesses.

FEATURES:
- Maximum of #10.0m
- 30% security deposit of either promoter or beneficiary
- 100% bank funding.

TARGET PROMOTERS:
- Government agencies
- NGOs
- High network individuals
- Multilateral
- Blue clips
TARGET BENEFICIARIES:
- Registered co-operatives
- NGOs
- Staff Unions
- Registered Associations/ companies
BENEFITS:-
- Increase outputs of Agribusiness
- Flexible repayment plan
- Low interest pay back
- Interest rebate & Insurance premium subsidy
- Joint monitoring of projects by CBN, NAIC, Bank & Promoter
- ACCOUNT NAME: OGBIDI FARMS LIMITED
- ACOUNT NUMBER: 095401010002011
- BANK’S NAME: FIDELITY BANK PLC

After the first or second year of our Agribusiness production, we hope of generating nothing less than ten to twenty million Naira yearly from our Farm Yard Productions and through our Export Values.
Commodities Export is one of the major business terrains we want to embark on as a Corporate
Organization. Many Commodities in Nigeria such as Cashew Nuts, Cassava Pellets, Dried
Hibiscus Flowers, Garlics, Sesame seeds, Chili pepper, Ginger, Wood charcoal etc are in top
demand from International buyers at Excellent Prices. This Guarantee Enormous Profit in Foreign
Currency.
Take for example the followings:-
@ ATWERP-BELGIUM

CASE STUDY 1: GINGER٭٭
PROFITABILITY PROFILE FOR 40٭٭ FT CONTAINER
COST PRICE

18 Metric Tonnes
@#95,000 Per Metric Tonne

#1,710,000
Haulage
#60,000
Documentation
#60,000
GIT Insurance
#6,650
Ness Fees
#15,750
Export Levy
#15,750
Total Cost
#1,868,150
SELLING PRICE

18 Metic Tones

@$1000 Per Metric Tonne
$18,000
$1=N150
=#2,700,00
Profit
#831,850
ROI
44.54%

WOOD CHARCOAL ٭٭
PROFITABILITY PROFILE FOR 40٭٭ FT CONTAINER

@ GERMANY
COST PRICE

20 Metric Tonnes
@#17,000 Per Metric Tonne

#350,,000
Haulage
#120,000
Documentation
#60,000
GIT Insurance
#1,225
Ness Fees
#3,825
Total Cost
#535,050
SELLING PRICE

20 Metic Tonnes
@Euro 170 Per Metric Tonne
Exchange Rate (1Euro =N225)

£3,400
#765,000
Profit
#229,950
ROI
42.98%



@ ATWERP BELGIUM
CHILLI PEPPER ٭٭
PROFITABILITY PROFILE FOR 20٭٭ FT CONTAINER
COST PRICE

7.5 Metric Tonnes
@#600,000 Per Metric Tonne

#4,500,000
Haulage
#60,000
Documentation
#60,000
GIT Insurance
#15,750
Ness Fees
#5,250
Export Levy
#6,562
Total Cost
#4,707562.00
SELLING PRICE

7.5 Metic Tonnes
@$6,000 per matric tonne
$1=N150

$45,000
=#6,750,000
Profit
#2,042,438
ROI
43.39%



Based on this Facts, we are looking Forward with Great Expectation towards the achievement of our Goals Through the LOAN we are asking from you.
Attached herewith is the Certificate of Incorporation from Corporate Affaire Commission of the Federal Republic of Nigeria.

Best Regards.
Alexander Thomas Apakhume (M.D.)
Ogbidi Farms Limited,
234-01-7302031, 08091609309.
alexapakhume@yahoo.com
ogbidifarms@yahoo.com