AGRITECH COMPANIES IN NIGERIA
Agriculture has been the energy source of most countries. For instance, before the discovery of crude oil, Nigeria relied heavily on agriculture as its major source of revenue.
However, agriculture began to suffer due to the advent of crude oil as there was a lack of interest and low investment because the people were sorting after the white-collar jobs birthed by the discovery of crude and the advancement of technology.
Agriculture then became an occupation for the poor who only practiced subsistent farming just enough to feed their family. Today, agriculture is back on track. Farmers can get all the capitals they need to secure sophisticated equipment, skills, and seedlings for commercial farming and get the finished products delivered to their final consumers at ease. Technology made it possible.
What Is Agritech?
Simply put, Agritech is a combination of agriculture and technology. It uses technology and its innovation to advance, promote and improve agricultural outputs and practices across the globe.
Agritech businesses made it possible for you to invest in agriculture or its activities without being directly involved and ensure you get a return on investment.
Are you looking to invest in the Agritech businesses? Here, we provide a list of the best-known Agritech companies in Nigeria you should consider.
Read carefully, so you do not miss out on this amazing opportunity.
Farmcrowdy company is one of Nigeria’s oldest and best-known agritech companies. It was established in 2016 by a team of innovators led by Onyeka Akumah. Farmcrowdy connects smallholder farmers to DFIs provided by government agencies, access to market, and processed food.
Groupfarma is an agritech company founded by Niyi Oggbade, Folarin Oloyede, and Dotun Oloyede. With its offices located in Lagos and Ibadan, they have partnered with over 42,000 farmers and have cultivated more than 29,500 hectares of land in Oyo, Ogun, and Kaduna state.
With as low as 50,000 naira you can invest in agricultural products like Ginger, maize, fish, rice, soybeans, poultry, and many more with at least 12% return on investment depending on your choice of product. But if you invest in Ginger which has a 6-month duration, you can earn 28% returns on your investment.
Groupfarma is insured by Leadway Assurance, and it has been in partnership with Piggvest, fidelity bank, IITA, Zenith Bank, and many others. For more details, send them a mail at firstname.lastname@example.org or visit their website www.groupfarma.com.ng
Farmsponsor has been in business for about 3 years and has recorded tremendous achievement. It had partnered with more than 300 farmers, more than 4000 sponsors, and over 1000 farms.
Farmsponsor also gives room for equity sponsorship where you invest 1,000,000 nairas as a medium-term investment for 5 years. It offers only one agricultural product for investment: poultry with a minimum amount of 100,000 nairas with a 15% return on investment within 3 months.
Farmsponsor was established by Bill Kenneths in 2018 to leverage technology and provide a secure platform for ease of investment in agriculture.
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FarmKart started operation in December 2015 to promote agriculture, increase food production and provide support for farmers. With FarmKart, you can invest only in fish poultry farms and earn a 14% return on investment within 6 months or 12 months, depending on your choice of product.
The founders of FarmKart are Jesse Osiobe, Evans Akanno, and Temitope Aina. This agritech company has its office located at Ogba, Ogun state. It is also insured by Leadway Assurance. You can visit their website at www.FarmKart.ng for more information or email them at email@example.com.
- THRIVE AGRIC
Here is another agritech company you may want to invest your money in. Thrive agric is in operation to ensure that farmers have access to finance by providing a profitable investment platform for Africans, offering a minimum of 6% to 25% return on investment within a certain duration.
Thrive agric was founded in 2016 by Uka Eje and co-founded by Ayodeji Arikawe. It has partnered with more than 19,000 farmers and operates on over 150,000 acres of farmland. You can locate their office in Abuja or email them at firstname.lastname@example.org.
Ezfarming deals with agricultural products such as maize, groundnut, goat, farm equipment, etc. You can invest in them with as low as 41,000 nairas and earn a 15% return on investment for farm produces and a 7% return on investment for farm equipment in a 36 months period.
Ezfarming, established in 2018 by Adewale Oparinde, also offers you the opportunity to possess your farm with an investment sum of 285,000 and an internship program to train and empower youths to embark on commercial farming.
Ezfarming has a total investment of over 800,000 dollars, sponsored over 100 farmers, and plowed on 200,000 acres of farmland. Their official website is www.Ez-farming.com. Email at email@example.com
Here is another agric tech company in Nigeria that came into existence in 2019 with the aim of bridging the gap that existed between farmers and investors. Payfarmer is founded by Bamidele Alimi with its head office in Epe connecting with more than 1,800 farmers and 6,488 investors.
It offers a range of agriculture products like yam, catfish, poultry, pepper, and many others that you can invest in with a minimum of 25,000 nairas and a 12% return on investment within 5 months. For more details log into their website at www.payfarmer.com or email at firstname.lastname@example.org
Agrictech business offers a secured opportunity to everyone who wishes to be involved in agriculture. They provide finance and equipment to farmers for better and increased food production and lower the cost of farm operation by promoting commercial farming.
These agric tech companies listed above are just a few among the numerous companies out there. Before you choose to invest in any company, be sure to study the company structure and get more information on their operation in addition to the one detailed in this article.
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