Farmers.ng, a leading digital bank that provides financial services to agricultural value chain actors, Indigo Africa, a biotech, plant, and animal nutrition manufacturer, and National Apex of Nigeria Farmers Cooperative Societies (NANFACOS) have announced a partnership to launch an innovative out grower program in aquaculture. The program aims to establish Africa’s largest vertically integrated food and animal feed company with end-to-end traceability from farm to fork with smallholder farmers and impact at its core.
Under this partnership, Farmers.ng will provide financial services such as bank accounts, debit cards, and agricultural loans to smallholder farmers participating in the program. Indigo Africa will provide access to farming inputs such as fingerlings and feeds, as well as farming infrastructure such as tanks, and advisory and extension services. NANFACOS will provide 4,000 smallholder farmers for the pilot phase of the program, giving them access to the resources and support they need to succeed. The program will also be insured by the Nigerian Agricultural Insurance Corporation (NAIC).
“This partnership is a game-changer for smallholder farmers in the region”, said the CEO of Farmers.ng, “by providing access to innovative financial solutions, specialized farming inputs, infrastructure, and expert advice, we believe that this program has the potential to revolutionize the agricultural sector in Sub-Saharan Africa.”
“We are thrilled to be a part of this revolutionary partnership”, said the CEO of Indigo Africa, “this program will help to drive economic growth and improve the livelihoods of smallholder farmers in the region.”
“We are excited to be working with Farmers.ng and Indigo Africa to launch this program,” said the President of NANFACOS, “we believe that this partnership will empower smallholder farmers and help them to achieve their full potential. The partnership will provide a unique opportunity for smallholder farmers in the region to access innovative financial solutions, specialized farming inputs, infrastructure, and expert advice to improve their livelihoods.”
