Innovations Item Code: IN-2024-2100047
Sector: AgriTech/FoodTech
Description:
The rising cost of Agricultural inputs have put the 38 million small scale farmers in Nigeria and over 100,000 small scale farmers in Nigeria at serious risks.
There is need for solution, our solution helps small scale farmers utilise cheaper non conventional inputs to replace expensive conventional inputs in their Production process. This helps them reduce Production cost and increase revenue/profit.
Depending on the level of inclusion, we at NiO Agro reduce our Production costs by up to 15%
We have so far trained both online and onsite 1800 young small scale farmers.
Stage of Innovation: Proof of Concept (You have created something to show the innovation can work)
Problem:
High cost of Agricultural Production
Massive farm close up
Social vices
Job losses
Unique Selling Point: Most farmers make use of conventional inputs in their production process. Many struggle to make profit due to the high production costs. Our solution helps farmers reduce their Production cost by up to 15% depending on their level of inclusion. We have so far been able to train and have 2000 young farmers replicate our solution