The first Digital Agriculture Platform in Nigeria, Farmcrowdy, with focus on giving people the opportunity to invest in Agriculture, recently celebrated its first year of launching in Nigeria.
The initiative which started from a single farmland in Oyo state, Nigeria with about 5000 day-old chicks, now boasts of over 4000 farmers across eight states of the federation.
Farmcrowdy is reshaping the way in which people participate in farming and food production, through using their online platform to source funds from sponsors, whose money is used to secure land, plant crops and meet the funding needs of boosting food production with small scale farmers.
Farm Sponsors can expect to see returns after harvest of 6-25% between a 3-9 month period, depending on what farm type they choose. Having worked with close to 2,000 small scale farmers in Nigeria already, the vast majority of Farmcrowdy sponsors are based in Nigeria, whilst 10% are located in the US and UK.
Speaking at the venue in Lagos, Onyeka Akumah, the Chief Executive Officer (CEO) and Co-founder of Farmcrowdy noted that the idea is to connect farmers with sponsors, thereby increasing the number of lives impacted by the partnership.
According to Akumah, the organisation uses its platform to attract funds from sponsors who cannot do the farming themselves in order to empower farmers, boost food production and aid food sufficiency in the country. Read more