Two significant sectors contribute to the sustenance of the Nigerian Economy: Oil and Agriculture. The fluidity of the oil market makes it difficult to guarantee a fixed investment.
However, investment in Agriculture is quite bankable, and the reason for this is straightforward – No matter what, people will eat.
Yes, being a foodie could also mean you are interested in investing in Agriculture. Sometimes making money from food instead of just spending it on food (I feel like I should be a quote or something, but I digress)
moving forward
In this article, we will share some digital investment platforms that specialise in Agriculture in Nigeria.
Digital Investment platforms for Agriculture in Nigeria
This platform was the first to launch in Nigeria. As the name implies, this platform raises funds through a technique called “crowdfunding” for farmers. The concept is quite straightforward; sometimes, a lack of capital may prevent some farmers in sowing in time for harvest. This platform raises funds for these farmers, with a return on investment is between 6% and 25%.
products offered
The types of products available for investment on this platform are Maize, poultry farm, cassava, soybeans and rice.
- ThriveAgric
This platform launched in 2016 with the sole purpose of crowdfunding investments for farmers. These investments materialise in market access and tech-driven advisory. Similar to Farmcrody, return on investment is between 6% and 25%.
products offered
The types of products available for finance on this platform are Poultry farm, maize, groundnut, sorghum, cassava, cowpea, soybeans and rice.
- Growsel
This platform connects farmers with global investors to ease poverty. This platform is different in the sense that farmers declare the investment needed, and investors provide a minimum of 10% of the capital until they raise the full amount. Return on investment is between 5% and 20%.
products offered
The products available for finance on this platform are Ginger, maize, potato, tomato, cassava, soybeans and rice.
- Efarms
Initially incorporated as FoodBank GrowMore LTD, this platform is determined to transform Sub-Saharan Africa into a major hub. A hub so vast that it feeds the world by serving as a link between investors and farmers. Return on this platform is between 15% – 35%.
products offered
The products available for investment on this platform are Maize, poultry farm, cassava, pineapple farm, catfish farm, snail and soybeans.
- Agrecourse
Agrecourse’s focus is to turn small farmers into commercial farmers. They do so by pulling investments from individuals and corporate bodies. The return on investment on this platform is between 15% – 40%.
products offered
The products available for finance on this platform are Maize, poultry farm, catfish farm.
Conclusion
Looking through the return on investments on these platforms, it’s pretty clear high yields are a beaming trend. In addition, investing in Agriculture is a viable way to make some passive income while changing people’s lives.
The farmers get access to funds that enable them to access technology to help with efficiency, while the investor gains yields on investment. It’s truly a win-win for everyone!
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