VALUE GAP FARMS NIGERIA LIMITED

RC No: 7292309 · TIN: 25839104-0001
Corporate Office: No. 119, Tafida Ali Street, Azare, Katagum LGA, Bauchi State, Nigeria
Farm Operations & Silos: Katagum Agricultural Corridor, Bauchi State
Tel: +234 (0) 803 249 8812, +234 (0) 816 440 2915 · Email: accounts@valuegapfarms.com

TAX INVOICE & WAYBILL

VGF/INV/2026/042

PAID & SETTLED

Billed To (Institutional Off-taker / Buyer)

Northern Flour Mills Plc

Plot 14, Commercial Layout, Bompai Industrial Area, Kano, Kano State

TIN: 01048821-0001 · Procurement Lead: Alhaji Garba Danfulani

Contract Reference: NFM-GRAIN-2026-P09 (Commercial Milling Off-take)

Dispatch Logistics & Transport Settlement

Invoice Date: 18 February 2026

Settlement Due Date: 25 February 2026 (Net 7 Days · Bank Transfer)

Waybill / Consignment No: VGF/WB/2026/041

Haulage Vehicle: DAF 3300 Trailer (Reg: KTG-442-XA) · Driver: Ibrahim Sani

Dispatch Gate: Azare Central Silo Aggregation Bay 1

🔬 Agricultural Quality Inspection & Laboratory Grading Certificate PASS · PREMIUM FOOD GRADE

Moisture Content 12.4% (Contract Limit: Max 13.0%)

Foreign Matter / Dockage 0.8% (Contract Limit: Max 1.5%)

Broken Grains 2.1% (Contract Limit: Max 3.0%)

Live Insect Infestation 0.0% (Phostoxin Hermetic Treated)

Total Aflatoxin (B1, B2, G1, G2) < 4.0 ppb (WHO/FAO Safe Standard <10 ppb)

Seed Lineage / Variety FARO 44 NASC Tag: 2025/BA/0894

⚖️ Official Certified Agricultural Weighbridge Certificate Ticket # WB-AZ-2026-118 · Azare Central Agricultural Weighbridge

Gross Vehicle Weight	Tare Weight (Empty Truck)	Net Cargo Delivered	Packaging Tare Deduction	Net Certified Payable Weight
42,650 kg	17,650 kg	25,000 kg (25.00 MT)	250 Bags @ 0.15kg = 37.5 kg	24,962.5 kg (24.96 MT / 250 Clean Bags)

#	Produce Description & Variety	Batch Reference	Packaging	Delivered Qty	Unit Price (₦)	Total Amount (₦)
1	Lowland Paddy Rice (FARO 44 Long-Grain Variety) Machine winnowed, destoned, aerated & fumigated at Azare Nucleus Silo Bay 1	VGF-RICE-25B	100kg Poly Bags	250 Bags (25 MT)	₦50,000.00	₦12,500,000.00

Amount Chargeable in Words: Twelve Million, Five Hundred Thousand Naira Only.

Tax Exemption Legal Clause: Raw and primary locally grown agricultural commodities are zero-rated / exempt from Value Added Tax under the Nigerian VAT Act (First Schedule, Part 1, Item 2) and exempt from Withholding Tax (WHT) under FIRS Farm-Gate Commodity Regulations.

Gross Invoice Amount: ₦12,500,000.00

VAT (0% Exempt Agro-Produce): ₦0.00

Withholding Tax (WHT Exempt): ₦0.00

Total Net Settled: ₦12,500,000.00

Dual Currency Ref: ~$8,065 USD (@ ₦1,550/$)

🛡️ International Grant Due Diligence & Smallholder Traceability Trail Fiduciary Verified

Sourcing Nucleus & Outgrower Origin: Value Gap Farms Nucleus Farm (15 Ha) + Chinade Smallholder Outgrower Cluster (42 contracted smallholders, 42% women-led).

Storage Facility & Hermetic Seal: Azare Central Grain Silo, Bay 1 · Batch VGF-RICE-25B (Tracked via digital temperature/moisture probes).

Developmental Market Linkage Proof: Proves formal private-sector commercial off-take linkage to industrial miller Northern Flour Mills Plc under Market Systems Development (MSD).

Donor LogFrame Milestone Alignment: Validates SDG 2 (Zero Hunger) food security, smallholder farm-gate price protection, and observed post-harvest loss < 1.5% (vs 30% baseline).

Bank Remittance Settlement: Bank: Sterling Bank Plc · Branch: Azare Branch, Bauchi State
Account Name: Value Gap Farms Limited
Account Number: 0096964157 (Corporate NUBAN)
Sort Code: 232150015 · Swift: STBINGLA
Bank Settlement Ref: TXN-STB-20260224-8841 (Reconciled)

M. Lawan (QA)

Muhammad Lawan, B.Agric

Weighbridge & QA Lead
Katagum Agricultural Axis

Inspected: 18 Feb 2026

Halima Lele Muktar

Managing Director / CEO

Authorized: 18 Feb 2026