Executive Summary

Emerald Acres Ltd is a Nigerian AgriTech company developing scalable, climate controlled hydroponic greenhouse farms to produce premium vegetables year round. The business addresses Nigeria’s heavy reliance on imports, climate volatility, and inconsistent local supply by using controlled environment agriculture to deliver predictable yields, consistent quality, and efficient resource use. Our pilot greenhouse operation in Ado Ekiti demonstrates the commercial viability of hydroponic bell pepper production using modern climate control systems, solar powered energy, and data led farm management. This model significantly reduces water usage, mitigates weather risk, and enables continuous production regardless of season. The company is now seeking growth capital to expand greenhouse capacity, strengthen supporting infrastructure such as solar energy and cooling systems, and scale production to meet rising demand from local and regional markets. Emerald Acres combines tangible agricultural assets with strong social and environmental impact, contributing to food security, import substitution, and local employment while delivering attractive long term returns for investors. Emerald Acres Ltd is seeking USD 250,000 to 600,000 in private equity funding to expand climate controlled greenhouse capacity, invest in solar and cooling infrastructure, and scale year round vegetable production across local and regional markets. Emerald Acres Ltd is led by a founder led management team combining strategic leadership with strong on ground agricultural execution. The company is founded by Dami Adegboye, who is responsible for overall strategy, capital allocation, investor relations, partnerships, and long term growth. Dami brings a strong background in commercial operations and financial management, providing disciplined oversight, governance, and a clear scaling strategy for the business. Day to day farm operations are overseen by Wale, Chief Agronomist, who leads all agricultural activities at the site. Wale is responsible for crop planning, nutrient and fertigation management, plant health, yield optimisation, staff supervision, and ensuring consistent production standards within the greenhouse environment. Sunday, Agronomist, is responsible for the operation and monitoring of the climate controlled greenhouse systems. His role includes managing temperature, humidity, ventilation, cooling systems, and data tracking to ensure optimal growing conditions and minimise production risk. Supporting operations are Aliwu and Kehinde, farm operatives who assist with daily farm activities including planting, maintenance, harvesting preparation, and general greenhouse operations under the supervision of the agronomy team. This lean but specialised team structure ensures clear accountability, strong technical oversight, and efficient execution, positioning Emerald Acres to scale greenhouse capacity while maintaining operational control, productivity, and quality. Emerald Acres Ltd is currently in the early operational phase, with revenue generation expected to commence following the first full production and harvest cycle of the pilot greenhouse. As such, the business is pre revenue and not yet profitable. Capital to date has been deployed into core infrastructure including greenhouse construction, climate control systems, solar power, irrigation, and operational setup. This upfront investment significantly reduces execution risk and establishes a strong foundation for predictable and scalable production. Based on validated production assumptions and current market pricing, management estimates that a single fully operational greenhouse has the potential to generate approximately ₦35 million in revenue per production cycle, once optimal yields are achieved. This figure is indicative and subject to operational performance and market conditions, but it demonstrates the underlying revenue potential of the model. The pilot operation is designed to validate unit economics, cost structure, and operational processes before scaling. As production stabilises and additional greenhouse capacity is deployed, revenues are expected to grow steadily, with improving margins driven by operational efficiencies and asset utilisation. The proposed investment will accelerate the transition from pilot to scaled operations, enabling increased production volumes, enhanced cost efficiency, and a clear pathway to operating profitability. Nigeria represents one of the largest and fastest growing fresh produce markets in Africa, driven by population growth, rapid urbanisation, and increasing demand for consistent, high quality food supply. Despite this demand, local vegetable production remains highly exposed to climate variability, seasonal constraints, and inefficiencies within traditional open field farming. As a result, Nigeria relies heavily on imported vegetables and experiences frequent supply shortages, price volatility, and inconsistent quality. Premium crops such as bell peppers are particularly affected, with demand from urban households, hotels, restaurants, and food processors often exceeding reliable local supply. Controlled environment agriculture, including hydroponic greenhouse farming, addresses these challenges by enabling year round production, predictable yields, and improved quality regardless of external weather conditions. This approach significantly reduces climate risk, optimises water and nutrient usage, and allows growers to meet market demand consistently. The adoption of climate controlled agriculture in Nigeria remains at an early stage, creating a strong opportunity for first movers with operational expertise and scalable models. Local buyers increasingly value reliability of supply, traceability, and quality, providing a favourable pricing environment for professionally managed greenhouse operations. Emerald Acres operates within this growing segment, targeting local and regional markets where demand for fresh, high quality vegetables is strong and supply remains constrained. As food security, import substitution, and climate resilience continue to gain policy and investor attention, the market outlook for controlled environment vegetable production in Nigeria remains highly attractive.