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Nigeria’s Agrilet launches platform for farmers and microfunders

Nigeria is an untapped potential agricultural powerhouse, with 165 million population projected to grow to 470 million by 2050. Farmers in Nigeria struggle to increase yield, tore produce, get their goods to market on time, and secure a fair price for their produce. This is the problem Agrilet is trying to solve through its platform for micro-funders to invest in farms and food-processing related projects.

Agrilet is giving farmers access to a larger market, machineries, and thus improved farm inputs, and to microfunders, impressive return-on-investment, fulfillment of dreams, and thus an increased alternative source of income. The agricultural platform is targeting the $24.7 billion market in Africa, starting with Nigeria as its point of entry.

Some of its competitive edge over existing market players, include a dedicated personal assistant for investors, farm assistants for farmers, and providing farmers with a truck delivery service and better market price information.

The platform was founded by brothers, Victor Yunusa (CEO) and David Yunusa (C00) on May 2018, and launched March 1, 2019.

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Innov8tiv is a dynamic Web source for technology news, resources and innovation, with a special focus on the entrepreneurial advances of Africans on the continent as well as in the Diaspora. This site seeks to not only inform consumers and companies about the latest in tech trends and ideologies, but to shed light on a phenomenon often ignored: the inventive, life-changing and creative engine that exists in Africa and among leaders of color around the world, including the UK, the Caribbean, Australia, and Asia. Send story ideas to info@innov8tiv.com

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