Agric investment opportunities on Nigerian Agritech platforms (November 2019)

Nigerian Agritech platforms

For the month of November 2019, Agribusiness Insight surfed through three digital agriculture platforms in Nigeria; Thrive Agric, Agrorite, and Farmcrowdy, for any open investment opportunities at the time of going to press.

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

Farmcrowdy

– Beef Processing in Lagos State

Units left (at publication): 504

Cost per unit: N60,000

Returns: 12 percent after 6 Months

Insured by: AXA

Agrorite

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– Poultry Farms in Ekiti and Oyo states

Units left (at publication): 353

Cost per unit: N60,000

Returns: 16.5 percent after 6 Months

Insured by: Leadway

Thrive Agric had no open investments at the time of publication

CALEB OJEWALE

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.

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