Waxwing Epitome Ltd is currently cultivating about 292 hectares of farmland in Ashara Layout, Yangoji, Kwali Area Council of Abuja, the Federal Capital Territory and over 500 hectares of farmland in Oweto, Agatu Local Government Area of Benue State ‘both in Nigeria’ for the production of over 20,000 metric tonnes Rice.
This rice farms will have meaningful impacts in the communities they located and the Nigeria food security.
The farm has capacity and potential to feeds over 600,000 Nigerians annually and reduce food short and help in curbing hungers among people.
The business is expected to have over 75% ROI in the first 5 months of the first farming round season and hit 65% profit in the second round farming season by October 2021.
By April 2022, the business is expected to generate about 85% net profits.