Nigerian agri-tech startup ThriveAgric has kicked off its dry season farming cycle with the distribution of agricultural input, targeting over 100,000 smallholder farmers in northern Nigeria to facilitate the production of over 300,000MT of grains.
Founded in 2017 and fully operational since 2018, ThriveAgric empowers farmers in Nigeria to sell their products to FMCGs and food processors, leveraging its proprietary technology to access finance as well as improve productivity and sales to promote food security.
The technology, an agricultural operating system, works entirely offline, dispatches USSD to farmers, and powers Android apps used by field agents to help digitally collate creditworthy farmers and gather relevant farm data.
ThriveAgric, which in March of 2022 raised a US$56.4 million round of debt funding from local commercial banks and institutional investors, will under this latest programme provide farmers with irrigation facilities, drought-resistant input, access to technology, storage, and premium markets to help optimise output in this farming cycle.
