Tuesday, December 05, 2023 4:58:18 PM
The projects that we are undertaking will take 12 months (Rice) to 54 months (Palm) with mid-period for RAS.
We should not keep ploughing money into the project without income generation --
That will not be good for asset tokenization's Net Asset Value, while we will be having capital through tokens into core farming & Plantations.
To offset this idle time period, we do need to have an active vertical / segment that will support capital spend with revenue intake so working capital requirements & maintenance on Farmlands are met and self sufficiency is achieved.
And I have discussed with Alex and only upon his active interest, I have put him to take lead -- If he does not want to carry this responsibility we can deputy someone else but we are eyeing this market on daily cash generation for specific reasons to absorb the capital spending in that area... And Noodles is a fast running market with Nigeria being the 12th largest consumer of noodles...
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