This product was developed to make agricultural produce readily accessible to all at competitive prices while ensuring strict adherence to international standards, certifications and regulations applicable to food processing.
This product program is part of the plan to ensure consumption of locally produced food stuffs in line with the Federal Government’s resolve to encourage the conservation of scarce foreign exchange presently deployed to the importation of food commodities, while at the same time creating valuable jobs in the agricultural sector.
The CFFP envisages the direct supply of foodstuff to families through registered Cooperatives that meet the qualifying criteria in order to reduce the prices, taking advantage of economies of large scale supplies. In addition, it will provide credit facilities to enable Cooperative members’ access foodstuff for ninety (90) days with only a 40% down payment and the direct sourcing of food stuffs from local primary producers and processors. This would assure quality and reduce incidences of contamination arising from poor handling. With food issue settled on the home front, it is expected that productivity of beneficiaries would improve even at work, while their overall well-being is expected to also improve. The target customers are as follows;
- Corporate organizations or co-operatives that are able to guarantee a minimum of 1,0000 staff/members capable of paying back N40,000.00 – N60,000.00 over 3 months (quarterly) from their salaries or income at a ratio of 40% (Month 1): 30% (Month 2): 30% (Month 3).
- Independent working class with an income of not less than N50,000 Monthly willing to register with recognized cooperative bodies (e.g. Abuja Cooperative Financing Agency and Lagos State Cooperative Federation)
- Existing registered members of these cooperative bodies (Abuja Cooperative Financing Agency and Lagos State Cooperative Federation)
