Nigerian-based agribusiness Sinachi Farms Limited has unveiled its plan to launch a $15.6 million yam and plantain flour plant in Kuje, a suburb in Nigeria’s capital city Abuja.
Sinachi Farms, a fast-growing Nigerian conglomerate with significant interests in agriculture, has partnered with Prince Daniel Chukwuocha, Chief Executive Officer of Weindel Resources Limited to grow plantain for the plant.
The agro-processing plant in Kuje is expected to process 2.5 million bags of yam flour and 1.5 million bags of plantain flour year. The establishment will also see the engagement of 200 farmers from 10 states in Nigeria in a bid to shore up supply as well as support out-grower programmes across the country.
The flour processing plant will occupy about 2,200 square meters and built on a five hectares farmland in Kuje area of Abuja, holding an estimated capacity of over 7,000 plantain plantations.
Chairman of Sinachi Farms Limited and Managing Director/Chief Executive Officer of FootPrint to Africa, Barrister Osita Oparaugo, confirmed that the farm is expected to serve several purposes. Along with being primarily a farm and hosting a flour processing plant, it is also expected to serve as a tourist destination and play host to a number of other economic trees.
“Within this farm, we have nearly a hundred and twenty economic trees from coconut to mango to oranges, tangerines, lemons, and guava among others,” said Barr Oparaugo.
“The idea is to have people who come here as a tourist center, have a different understanding about Nigeria, seeing the kind of crops that this land can grow and then, of course, witness the processing of plantain into plantain flour. People will get conscious in the next five to ten years about what they eat, how it is processed; so we try to put all of that in one place.”
The Chairman confirmed that already, about $5 million had been invested in the project, with an expected layout of $15 million required to get the entire project running.
Considered the largest plantain farm in Nigeria, and one of the biggest in West Africa, the project is largely financed from funding from family and foreign partnerships.
The project is expected to be completed in October 2019.