Pawpaw, a perennial fruit tree commonly cultivated in tropical and subtropical climates is fast becoming a lucrative agribusiness niche favoured by farmers. The pawpaw fruit is in high demand both locally and internationally for domestic consumption and industrial purposes.
With an estimated 800,000 metric tons of pawpaw fruit being produced per annum, Nigeria ranks only behind India with 5.5 million metric tons and the duo of Brazil and Indonesia producing 1.5 million metric tons each.
As part of the Federal Government of Nigeria’s drive to diversify the economy and encourage large-scale farming, Agro Empire Estate, a Lagos-based, agro investment company has initiated an investment portfolio that affords Nigerians from all walks of life an opportunity to invest in pawpaw farming.
The Pawpaw Farming investment portfolio encourages private individuals and corporate organizations to take advantage of the immense opportunities in pawpaw to acquire and own pawpaw farmlands for life. The agro company will manage the farms for the first five years before being handed over to their respective owners. During this period, the farm management will provide periodic information on the farm activity in a multimedia form which in turn, would be forwarded to the investor’s dashboard on the estate’s website.
Speaking about the investment portfolio, CEO/Managing Director of Agro Empire Estate, Mr. Adedapo Moshood, stated that the investment initiative will not only boost pawpaw production in the country but also ensure that the produce are of export standards, thereby making the country an agro-tourism spot. He also added that “the Agro Empire Estate was born out of the desire to make agriculture not just profitable but sustainable for many decades.”
The total cost of the farmland according to documents made available to DateCity goes for N300, 000. A further breakdown of the cost reveals the actual price of ownership of the land at N80,000; N40,000 for land bulldozing; N80,000 for seedlings; N10,000 for manure; N10,000 for fertilizer; N3,000 for insecticides/pesticides; N3,000 for herbicides; N5,000 for first weeding; N5,000 for second weeding; N6,000 for planting; N4,000 for application of herbicides; N4,000 for application of pesticides; N4,000 for application of fertilizer/manure; N40,000 for farm management/logistics; and N6,000 for insurance.
Aside from the allocation of pawpaw farmland, every necessary document such as: Deed of Assignment, Investment Certificate, Deed of Agreement, and Company Receipts will be issued to every investor. Members of the general public who are interested in the Pawpaw Farmland investment can signify interest on this link https://www.agroempireestate.com/investments/pawpaw-farm and will be contacted by sales consultants from Agro Empire Estate.