- Products & Services
- Knowledge Base
ABUJA, NIGERIA, August 17, 2019 /24-7PressRelease/ -- Nigeria is Africa's biggest economy or as popularly called Giant of Africa, and agriculture plays a vital role in its economic development. Today, the agricultural sector is one of the most important sectors in the country and employs around 70% of the labour force. However, the agricultural sector faces the challenge of low output and in a quest to find a solution, FarmAgric was born. Within a short timeframe, FarmAgric has partnered with over 3000 Individual and corporate investors who have subscribed to raise funds for smallholder farmers. This was done by launching and completing various farm cycles from livestock to crops, which typically run for 6 to 10 months.
Some other forms of partnerships were also established with tech-driven companies such as FINT - a peer-to-peer loan market place to offer subscribers access to loans up to 50% of initial investment; KOBOPAY, to grant their users seamless access to invest in our cycles. Another partnership was forged with, PIGGYVEST to help subscribers earn on their savings by investing in our farms. FarmAgric is looking forward to partnering with other tech-enabled firms for greater impact and complimentary growth.
FarmAgric has just launched its new project on Cashew Cultivation and Cashew Nut Production, which is a long-term investment plan for persons looking into a retirement plan or a source of income for recurrent expenditure. This project has come at a great time as cashew production in Nigeria is currently going through a major improvement as its (Cashew) production in the country has hit 260,000 tons within the first half of the year, this shows the years to come will be profitable for Nigeria in the production of Cashew.
FarmAgric recognizes the potential and has decided to break into the market and explore the various opportunities while partnering with Investors both Individuals and Corporations.
ABOUT FARM AGRIC
FarmAgric aims to spur unprecedented growth in the agricultural sector through technology and crowd funding for smallholder farmers who have no access to capital or equipment; thereby increasing food production, creating investment opportunities for both low- and high-income earners, creating gender-inclusive interest and employment in agriculture among youths.
ABOUT FARMAGRIC FOUNDATION FOR AGRICULTURE
The FarmAgric Foundation for Agriculture in line with the Federal Government of Nigeria (FGN) goal to reduce hunger through the boosting of Agriculture, the foundation aims mobilize resources to empower farmers through practical and theoretical training sessions, and also provide financial grants to farmers. While leveraging on its fast growing online community of over 500 Nigerian youths aged 18-35 through theoretical and practical agricultural trainings in order to create income while generating employment opportunities.
The foundation has structured its programmes to be gender inclusive, in order to set a precedent for more women and young girls to get involved in agriculture by ensuring at least 30% female employees within the organization. FarmAgric Foundation for Agriculture truly believes that the empowering the girl child is critical for families (and by extension, Nigeria) to thrive. In Nigeria where the government is fighting to reduce poverty levels, it is important that girls are equipped with the necessary education and skills to break the poverty trap.
"FarmAgric Foundation for Agriculture truly believes that the empowering the girl child is critical for families (and by extension, Nigeria) to thrive. In Nigeria where the government is fighting to reduce poverty levels, it is important that girls are equipped with the necessary education and skills to break the poverty trap." - FarmAgric Foundation for Agriculture Chairperson
The ultimate goal is to efficiently equip the next generation of gender-inclusive farmers with all the necessary tools to thrive in our evolving society. FarmAgric aims to keep Nigeria at the top in agriculture across the globe. Alone we can do so little but together we can do so much more! Join us on this journey as we rebrand agriculture in Africa.
"Getting involved with FarmAgric Foundation for Agriculture has been a life changing experience mainly because the foundation aims to empower local farmers and maximize their output, provide practical training on agriculture to equip local and upcoming farmers therefore equipping them with the necessary skills to enable them have a successful and budding farming career.
"On a personal level, I really love FarmAgric's passion for gender inclusion in the agricultural industry. FarmAgric as an organization is committed to driving gender inclusion in the Nigerian agricultural sector making gender mainstreaming is a core objective of the foundation and organization." – Ronke Seriki, FarmAgric Beneficiary of Agriculture Programme, Abuja, Nigeria.
For more information on FarmAgric visit us at: https://farmagric.com/
FarmAgric Foundation for Agriculture: https://farmagricfoundation.org/
Email: [email protected]
# # #