• Thursday, April 18, 2024
businessday logo

BusinessDay

Agric investment opportunities on Nigerian Agritech platforms (October 2019)

The African farmers stories: Feeding Kenya

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.

Read also: Investing in a poultry business

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

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