As the world evolves, the significance of mitigating fuel fumes, has now become the focus of
nations globally. In an attempt to ensure that the amount of carbon dioxide released into the
atmosphere is reduced significantly, governing bodies across the globe have been surveying
various ways to achieve this goal. In recent time, the use of ethanol fuel as a substitute to this
poisonous carbon substance has been well embraced. As a result, Mamsons General Ventures
has acquired about 27,000 hectares of farmland to become a potential leader in Cassava
farming and Bio-Ethanol production in AFRICA to meet local and worldwide demand. 

Our Theme is ‘We must be pro-active to succeed’

PRESENT STATUS:
The Company Initial Investment projection is estimated at $373,114,529 (Three Hundred & Seventy Three
Million, One Hundred & Fourteen Thousand, Five Hundred & Twenty Nine) USD funded Turnkey MegaAgricultural Business opportunity – (Cassava Bio-Ethanol Project).
Funding need is in the minimum of about US$150m to about US$175m. This will cater for the acquisition of
the Ethanol Production Plant (2) sets, Cassava Cultivation and other field equipment’s, the Enzyme
Production Plant, spare parts, cost of installation of the Plants, Working Capital and contingencies.
It is a start-up Backward Integration Project, which will focus on everything from land-clearing to
harvesting, with Cassava as her main feedstock that will be produced from about 27,000 hectares of
farmland, vested in the Oyo-State Government, in accordance with the Federal Government of Nigeria’s
Promulgated Land Use Degree of 29th March, 1978.

By applying our Precision Farming and Mulching Techniques, from clearing of the Cassava farmland
plantation to harvesting Operations is under the Management, Advisory and Administration (OMAA) of the
International Institute of Tropical Agriculture (IITA) and www.soil-to-silo.com.

In November 2021, we signed a collaborative agreement with the International Institute of Tropical
Agriculture (IITA), Ibadan, Nigeria to cultivate 4000 hectares per year, with a target average
Cassava yield output of at least 22 to 40 tons per hectare per harvesting period.

This we believe should enable us to achieve, at least 200 liters of Ethanol per ton, resulting in an average
yield of 6000 – 8000 liters per hectare. Therefore, we should be able to produce about 400,000 liters per day from our Multi-Flex Bio-Ethanol plants. To achieve this goal, MAMSONS will initially install 2-plants in
Oyo State, in phases and each plant’s production capacity will be up to 200,000 liters per day.

Our Theme being the need to ‘be pro-active to succeed’ triggered our decision to include in our proposed
funding the capability to establish a laboratory with the TEAM in Nigeria to produce consumables, such as
enzymes, yeast, antibiotics, for our proposed 400,000 liters of Bio-Ethanol per day capacity for our use and
for export, if there is excess.

We have received very competitive quotation, are in high-level discussions with
EBS and INTERUNION of Brazil; and are awaiting response from PRAJ
of India.

Importantly, we have a provisional guarantee from NNPCL as off-takers and as investors to hold 25% stake
in the project, but with demand, potentially, outstripping supply, we agree to sell our products to a higher price buyer.

In essence, our motto is, “In Bitter Cassava comes Sweet Taste of Peace and Economic  Tranquility”!