The importance of smallholder farmers in society cannot be overstressed. Smallholder farmers put in so much work in order for us to eat quality and nutritious food, but at the end of the day have little or nothing to show. Smallholder farmers account for over 70% of the food produced in Africa, which emphasizes their relevance in fighting food insecurity in Africa.
Agrorite is a premiere digital agricultural platform that improves the livelihood of smallholder farmers by connecting them with Finance, Smart farming solutions, and Premium markets. Our mantra is to provide positive outcomes for farmers in order to tackle the challenge of food insecurity in Africa and our vision is to inspire the production of sustainable food for Africa.
agrorite.com kicked off for the purpose of finding lasting solution to the needs of the average smallholder farmer in Africa stating with Mr. Ule, a rice farmer in Benue state, Nigeria. Ule, as most smallholder farmers sold his harvested produce at ridiculously low prices due to the involvement of middlemen and also experienced about 30-40% postharvest losses due to lack of access to premium market. Another major challenge Ule faced was a lack of finance to scale food production due to the fact that he was not creditworthy. Ule is a hard worker and most times put in 18 hours of work per day, 6 days a week so as to get the required quantity and quality at harvest. It is, however disheartening to know that he has little or nothing to show for his effort. We are creating shared value for sustainable growth for smallholder farmers and key stakeholders such as Financiers, Premium Off takers, Insurance companies, Input suppliers, and telecoms. This has proven to be formidable in improving the livelihood of smallholder farmers. This was the idea behind setting up Agrorite. So far, we have been able to increase smallholder farmer’s revenue by 15% and generate real value for their time and energy.
Lack of access to quality, nutritious agricultural commodities by premium processing companies was another major gap we spotted in the sector, which we are tackling by enabling smallholder farmers to meet up with the growing demands by these processing companies. We have also opened agricultural participation for all through partnerships with Cooperate and Institutional Funders. Individuals are not left behind as they can sponsor farming activities via crowdfunding to earn decent profits.
Not only are we well received in Nigeria, but our service is also acknowledged in the investment and agricultural sector. Consequently, we seat on over 8200 farmers network that spans across Nigeria, cultivated on 5,830 hectares of farmland, and produce well over 86340 metrics tones of crop production for local consumption and export. Commodities such as Peanut, Sesame, Cashew, Shea Butter, etc are some of the commodities we trade on.
Innovation and Technology is an essential component of Agrorite. With our in house developed farm management system (Agrorite Bookie), farmers will now be better equipped to efficiently and smartly manage their farms, get real-time updates on crop performance, and make a projection on the farm inputs required to successfully deliver on the expected output by off-takers.
Our value addition, over the last year, has earned us award recognition from the Federal Republic of Nigeria, The UK Government, GIZ, and UAE. We are currently in partnership with AirBus, GoGlobal Africa, and most recently won the African Most Innovative Digital Agricultural Platform 2020 by the African Brands Award.
More so, aligning with our vision in fighting the global food crisis, we have identified the importance of agricultural product processing and storage hence our cause for embarking on setting up a processing plant that will enable ready food production in Nigeria which in turn creates decent job opportunities in the agricultural value chain. We believe Processing adds value to the Agric produce and creates room for commercial agriculture, thereby promoting agricultural activities.
Onboarding farmers and convincing them to do things in a modern and organized manner is usually challenging, hence, our constant training and workshops in measuring their Progress. Likewise, funding – which can help improve volumes of both production and trade. Through a partnership with government and other cooperate bodies we can achieve even more in closing these gaps, that’s why we are open to collaboration.
When partnering with Agrorite be best assured of a decent return on investment. Another interesting thing about Agrorite is our readily available off-takers both locally and internationally to buy off produce at harvest. The security of investment is guaranteed as we provide extensive insurance coverage on all our farms and commodity on transit. It will interest you to know that Investors are not left in the dark; they are carried along the investment or farming circle with regular updates on progress made and we are easily accessible through our 24/7 customer support service.
Our partnership with you will largely improve the livelihood of smallholder farmers as well as beat food insecurity in Nigeria and beyond.
Are SMEs the solution to Nigeria’s wailing economy?
MTN Nigeria commenced The Revv Program to mitigate the effects of the pandemic on SMEs across Nigeria.
The outbreak of the COVID-19 pandemic this year has been a major disaster to several sectors including the financial sector. The ensuing lockdown affected the global economy tremendously. SMEs in Nigeria were among the worst hit.
According to a survey published by the Fate Foundation and BudgIT on the ‘Impact of COVID-19 on Nigerian SMEs’, 94.3% of the total 1,943 respondents said the pandemic has negatively affected their business.
Back in 2017, the Small and Medium Enterprises (SME) sector comprising approximately 40 million SMEs contributed an estimated 48% to Nigeria’s Gross Domestic Product (GDP), and employed 84% of the country’s entire workforce, according to a National Bureau of Statistics (NBS) report released in 2018.
GDP is an important indicator of a country’s economic power. According to the NBS, Nigeria’s 2017 GDP was worth about N113.7 billion. Of that amount, the SME sector contributed 48%; that’s two percent short of half the total amount. This value provided by SMEs, which ensures the smooth running of the country, is why they are referred to as the bedrock of the economy.
But this was before the pandemic and the accompanying lockdown that resulted in an unprecedented economic tailspin affecting business operations, consumer spending, loss of jobs, and livelihoods. According to the Fate Foundation and BudgIT survey, off the businesses still managing to stay afloat, 72.1% cannot find the cash flow to continue running their business, and 59.2% are struggling to increase their revenue base.
When asked in what area they want to be supported, 72.1% answered with cash flow; 67.7% said they’ll need support to make sales; 89.4% want the federal government to provide them with funding; 33.8% need access to markets; 74% want the private sector to support with funding; and 62.9% want business support.
Recently, MTN Nigeria commenced an initiative tagged The Revv Program to mitigate the effects of the pandemic on small businesses across Nigeria. Working with relevant stakeholders, subject-matter experts, and the company’s executives, the program aims to support over 10,000 small businesses.
At the virtual launch, Chief Executive Officer, MTN Nigeria, Ferdi Moolman, called on large corporates to join MTN and “strongly position themselves to support SMEs as a foundation to the growth of a stronger economy going into 2021 and beyond”, saying “The Revv Programme is our way of standing with SMEs in their journey to rise through these challenging times.”
Adopting a four-pronged approach that includes masterclass sessions, support with productivity tools, access to market and advisory initiatives, the programme seeks to help SMEs relearn, readjust, and retool their businesses. The masterclasses which have been held weekly since August 18 focuses on core areas of business management as part of a broader strategy to uplift the SMEs.
This will be followed by the selection of The Y’ello 200 (two hundred top-performing SMEs from the sessions) that will enjoy exclusive access to a broad range of technology and productivity tools and services absolutely free, for a period of six months. They will also receive productivity support to enhance their business performance, in addition to access to MTN’s media assets for product marketing, which will open up new market opportunities for their business’ growth and expansion.
The majority of the small businesses affected by the pandemic are facing funding problems. The first masterclass, themed “Accessing the Right Funding for Your Business”, addressed this need. MTN Nigeria’s Chief Financial Officer (CFO), Modupe Kadri, together with other subject-matter experts threw light on ways SMEs can access funding from investors, and the role a properly managed cash flow system plays. “Anybody that wants to advance some securities to you will want to know the strength of your cash flow management; how you generate the income streams and how you’re going to keep the lead on that. The same thing also applies to your costs”, Kadri said.
In a subsequent masterclass themed, “Setting Up Your Business for Success: The Technology Advantage”, the Chief Enterprise Business Officer of MTN Nigeria, Lynda Saint-Nwafor shared that the concern for SMEs is at the core of The Revv programme. “We have the interest of SMEs at heart and whilst we do not provide all the services that are applicable, we are willing to partner with organisations that provide access to technology tools that are relevant to SMEs on a platform that makes it easy for them to access at the right price”, according to Lynda.
The Revv Programme will not be the first time MTN is supporting small businesses in the country. In 2018 the company launched the viral “Man In The Box” campaign with commendable outcomes for SMEs in the country. The idea was to support small businesses with technology solutions and create awareness for them by showcasing their businesses in the “Box” to the entire world.
For 24 hours and for free, selected businesses were showcased within the “Box” on LED screens, and across MTN’s social media platforms. Man In The Box was a huge success; it awakened Nigerians to the enormous untapped possibilities that litter the SME space. SMEs that were featured in the “Box” told amazing testimonies of how they witnessed growth and increased patronage of their businesses.
As we transit to a post-COVID environment, small businesses that had their business affected by the pandemic and are looking for new sources of income will have to pay attention to the programme. The good thing is, it does not matter how bad the pandemic may have affected their success, business will soon shape up for SMEs, especially the 10,000 small businesses to benefit from The Revv Programme. And with that, they will continue to provide the much-needed backbone for Nigeria’s economy.
How to open free Bitcoin wallet in Nigeria
Cardtonic is one of the platforms that provides a free bitcoin wallet address in Nigeria.
When it comes to cryptocurrencies such as Bitcoin, a bitcoin wallet address is very essential. A Bitcoin wallet address is made up of a string of 26-35 alphanumeric characters, that allows you to send and receive bitcoin.
Any bitcoin address can be used to transfer cryptocurrency to any other address on the network, provided the sender’s wallet software supports that address type. All addresses represent a destination on the Bitcoin network.
How To Open Free Bitcoin Wallet In Nigeria
Creating a bitcoin wallet in Nigeria is very easy. Wallets come on different platforms with different features in Nigeria. However, it’s advisable you always go for the best. This guide will help you to find the best Bitcoin wallet in Nigeria for you.
How Do I Get A Free Bitcoin Wallet Address In Nigeria?
There are various ways to get a free wallet address in Nigeria. Prominent among them is by signing up to a platform that offers a free bitcoin wallet address.
Cardtonic is one of the platforms that provides a free bitcoin wallet address in Nigeria. It is an online broker trading platform that facilitates the buying and selling of bitcoin, as well as gift cards. The bitcoin/gift card trading platform is designed to aid the buying and selling of bitcoin.
Get Free Bitcoin Wallet Address on Cardtonic
Cardtonic now offers Bitcoin Wallet Address for all users. The idea is that for each Bitcoin transaction, users will generate a unique, single-use address to provide to senders.
Why Cardtonic Offers The Best Bitcoin Wallet Address In Nigeria
Cardtonic has a nationwide reach, serving traders across Nigeria. Safe to say that it is also one of the largest gift card and Cryptocurrency exchange platforms in Nigeria.
Cardtonic deals in bitcoin and gift cards exchange, and at the same time provides a bitcoin wallet address that is of blockchain standard.
It is also one of the foremost bitcoin trading sites in Nigeria as it has greatly simplified the process for customers. The competitive advantage ranges from offering one of the fastest transaction times to having an extensive customer support system that is always on hand to provide assistance, not leaving behind the amazing bitcoin exchange rates. Thus, Cardtonic is raising the bar on bitcoin trading.
Therefore, with all the ease around bitcoin trading on Cardtonic, whether you are trading little or large, you’d like to get value and ease for them. And apart from the fact that there are a limited number of platforms that have such features in Nigeria, not every service can be trusted in terms of security, efficiency, and exchange rate. All these can be guaranteed with Cardtonic.
How To Create Bitcoin Wallet Address On Cardtonic
To create an address on Cardtonic, follow the steps below:
- Visit the website or download the mobile app on your android or iOS.
- As a user, proceed to the bitcoin trade page and generate your bitcoin address
- The address becomes permanently yours. You can receive bitcoin into your address at any time.
- Any amount of bitcoins sent to your address will be automatically added to your naira balance at the corresponding rates.
- Bitcoin trades on Cardtonic are completely automated and require no human or manual intervention.
Download Cardotnic Mobile App: https://play.google.com/store/apps/details?id=com.cardtonic.app
Earn up to 5,000 NGN just by signing up on Binance.com
Binance is offering bonuses for signing up for an account and trading Bitcoin there.
Discover a good earning opportunity for all Nigerians. Sign up today, for an account on Binance.com, the world’s largest digital asset exchange, and you’re one step closer to a bonus of 5,000 NGN!
As technology advances fast, more earning opportunities have opened up for people worldwide. There are a lot of those online, and the internet has made it possible for every Nigerian to pursue more alternative income opportunities, such as trading Bitcoin and other cryptocurrencies.
Now, don’t be intimidated by those terms. Bitcoin is basically a kind of digital money that is accepted worldwide, and you can trade this and other cryptocurrencies (i.e. other forms of digital money) on Binance, the world’s biggest platform for trading these digital assets.
Binance has opened up a great opportunity for all Nigerians. Right now, Binance is offering up to 5,000 NGN (Nigerian Naira) in bonuses, for people who will sign up for an account and trade Bitcoin there.
How can you earn this bonus amount? Follow these three easy steps:
- Step 1: Sign up for Binance through this link.
- Step 2: Once you verify your account, deposit your NGN on Binance.
- Step 3: Trade your NGN for Bitcoin or four other cryptocurrencies, that you can buy with NGN.
With Binance, you can trade your local currency to Bitcoin (BTC), as well as two of the top 10 Bitcoin alternatives:
Ethereum (ETH) and BNB. You can also exchange your NGN with Tether (USDT) and Binance USD (BUSD), two of the top stablecoins in the market. Stablecoins, simply means crypto tokens whose worth is pegged to a currency, like the US dollar in the case of USDT and BUSD.
This special offer by Binance gives first-time traders, a whopping 50% bonus to their trades, which you will receive in the form of NGN. The bigger your trade, the higher your bonus becomes.
In other words, you can get this bonus 5,000 NGN, by trading as little as 10,000 NGN in your first trade.
Learn more about it in this post by our friends at Binance.
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider, with a financial product suite that includes the largest digital asset exchange by volume.
Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users. It features an unmatched portfolio of crypto products and offerings; including trading and finance; education; data and research; social good; investment and incubation; decentralization; infrastructure solutions, and more.
For more information, visit https://www.binance.com.