Agric investment opportunities on Nigerian Agritech platforms (JULY)

At the time of going to press, Agribusiness Insight surfed through three digital agriculture platforms in Nigeria; Thrive Agric, Agrorite, and Farmcrowdy, for any open investment opportunities.

Please note that this is not a recommendation to invest, rather, for information purpose and individuals should carry out independent due diligence. All information reproduced below is extracted as provided by each platform.

Thrive Agric

– Maize farm in Kaduna

Units left (at publication): 17,876

Cost per unit: N62,000

Returns: 20 per cent after 9 Months

Insured by Leadway Assurance

– Soybean farms in Kebbi and Niger

Units left (at publication): 9,437

Cost per unit: N47,600

Returns: 20 per cent after 9 Months

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Insured by Leadway Assurance

Agrorite

– Maize Farm

Units left (at publication): 407

Cost per unit: N60,000

Returns: 18 per cent after 6 Months

Insured by Leadway Assurance

Farmcrowdy

No open farm cycles at the time of publication but it indicated Two Ginger cycles are scheduled for this month (July).

CALEB OJEWALE

Caleb Ojewale is an Assistant Editor at BusinessDay Newspaper in Nigeria, where he also heads Industry and Real Sector, supervising all associated beats/desks. He is concurrently Editor for Features, Interviews, and the Newspaper's Backpage (Monday to Thursday). He has also been OP-ED Editor and a member of the Editorial Board. A well rounded business journalist; he is a recipient of multiple local and international journalism awards. Caleb is a fellow of the University of Oxford and OKP and has bachelor’s and Master's degrees in communication from Lagos State University and the University of Lagos, respectively.