Agric investment opportunities on Nigerian Agritech platforms (October 2019)

For the month of October 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.

Thrive Agric

– Poultry farm in the South West

Units left (at publication): 2,658

Cost per unit: N85,000

Returns: 15 percent after 6 Months

Insured by Leadway Assurance

Farmcrowdy

– Rice farm in Niger State

Units left (at publication): 784

Cost per unit: N50,000

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Returns: 13 percent after 6 Months

Insured by Leadway Assurance

– Poultry farm in Osun State

Units left (at publication): 181

Cost per unit: N60,000

Returns: 11 percent after 6 Months

Insured by Leadway Assurance

Agrorite

– Cassava Farm

Units left (at publication): 41

Cost per unit: N55,000

Returns: 18 percent after 6 Months

GIT Coverage: Royal Exchange

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.