What's driving agri-tech investments in Nigeria?

Nigeria's agri-tech sector is experiencing a significant boom as companies strive to tackle the challenges faced by smallholder farmers and improve access to crucial resources such as inputs, credit, and markets. In a recent interview on CNBC Africa, Emmanuel Usman, the CEO of Abis Farmers Market, shed light on the investment landscape within the country's agricultural technology space. With food inflation on the rise, the role of these companies in addressing the investment question is more crucial than ever. The conversation delved into the importance of innovative solutions in agriculture and the impact of technology on the ecosystem. Usman highlighted the significance of initiatives like drip line irrigation and flow irrigation in enhancing agricultural practices. These technologies not only optimize resource utilization but also streamline the farming process, ultimately leading to increased productivity and efficiency. Additionally, the implementation of biogas systems at Abis Farmers Market has revolutionized waste management and fertilizer production, offering farmers sustainable and cost-effective solutions. Usman emphasized the pivotal role of government policies in supporting agri-tech ventures and facilitating a conducive environment for farmers. He underscored the need for infrastructure development and access to modern equipment to boost agricultural productivity across the country. Despite the challenges posed by traditional farming methods and supply chain inefficiencies, agri-tech entrepreneurs are spearheading initiatives to bridge the gap and revolutionize the agricultural landscape in Nigeria. The integration of technology in various stages of the value chain, from crop production to distribution, is transforming the sector and unlocking new opportunities for growth. Usman elaborated on the importance of storage facilities and transportation systems in ensuring seamless product delivery and minimizing post-harvest losses. By collaborating with farmers and providing access to credits and resources, Abis Farmers Market is paving the way for sustainable agricultural practices and economic empowerment. The company's innovative approach to livestock management and waste utilization has not only improved farmer livelihoods but also contributed to environmental conservation. Through initiatives like providing soft loans and organic manure, Abis Farmers Market is fostering a culture of inclusivity and support within the agricultural community. As the agri-tech industry continues to evolve, partnerships between entrepreneurs, investors, and government entities will be crucial in driving innovation and sustainability in Nigeria's agricultural sector.