Upscaling the Integrated Production and Processing of Selected Estranged Oilseeds, Nigeria

Efugo Farms Limited (EFL) is an agro-industrial company established in 1987 and based in Abuja, Nigeria. The company produces a variety of crop and livestock products and focuses on the production of edible oils (from groundnuts, soybeans, and sesame) and non-edible oils (from castor beans, shea butter, and neem seeds), responding to strong domestic demand for these products. 

Having already established a modern processing plant, Efugo sought financial support for the acquisition of essential processing machinery and the procurement of seeds from smallholder farmers. 

In alignment with financing provided by the Central Bank of Nigeria (CBN), the CFC term loan provided Efugo with both the working capital necessary for its sourcing activities and the funds required for its capital expenditure (CAPEX) expansion. 

The financing was made with the expectation that it would support a significant scale-up in operations, increasing vegetable oil output from 96 tonnes per annum to approximately 1,000 tonnes per annum, while expanding the number of farm and factory workers from 90 to around 200. Over the lifecycle of the project, Efugo is expected to engage with more than 20,000 smallholder farmers, while creating 110 additional processing jobs and providing a significant source of income for approximately 600 youth and women involved in the harvesting of neem seeds and shea nuts.

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