A landmark private-public partnership to transform Nigeria’s agricultural sector
Nigeria’s freshly inaugurated national agCelerant technical committee reviewed initiatives and programs geared at improving the performance of agricultural value chains, and developed a roadmap to mainstream phygital agriculture into the current and planned projects of FMARD, with agCelerant as a vehicle for implementation and performance assessment. The country has adopted agCelerant to orchestrate financial and technical support to 15 million smallholder farmers.
” We need to start reversing this trend (low agriculture productivity) by harnessing the huge potential in the agricultural sector for sustainable development through partnership and engagement with willing stakeholders, who genuinely believe in our beloved nation, and are ready to lend us helping hands.”
Built on the innovative concept of phygital agriculture, agCelerant is about de-risking and accelerating profitable, inclusive investments in agriculture through the innovative powering of IoT, Earth Observation, and AI by youth franchisees who can proximally and economically monitor and counsel smallholder farmers under contract. Productivity increases made possible by agCelerant are not only essential to increase the competitiveness of national value chains, they also critically contribute to reduced agricultural land conversion, deforestation and GHG emissions.
Unprecedented amounts of socio-economic, agronomic and yield data collected in 2018 provided the foundation for showcasing the capabilities of agCelerant in Nigeria, leading federal authorities to extend its implementation with 15 million smallholder farmers. With US$ 500/ha needed to cover smallholder production costs, agCelerant thus targets a consolidated investment of US$ 7.5 billion by financial institutions. Accordingly, FMARD and Manobi Africa aim to secure the recovery of 1 million smallholder loans within the first year of extended implementation.
Manobi Africa is proud, through this innovative partnership, to work towards Nigeria’sself-sufficiency in rice and other priority commodities selected by the national agCelerant technical committee.
Chief Executive Officer