Nigeria loses N3.5 trillion to post-harvest loss every year due to the lack of proper storage facilities and the poor state of roads across the nation. The effect of climate change can be seen with the floods in North-West Nigeria.
This information was announced recently by the Co-Founder and Chief Executive of Farmcrowdy Limited, Onyeka Akumah. He disclosed this during the Agritech firm’s fourth anniversary.
Akumah explained that the loss could be attributed to the inability of the farmers to access proper storage facilities and the poor states of Nigerian roads, which bleeds the Nigerian economy and discourages several farmers.
To address these challenges, the firm has extended its service in agriculture beyond financing into using technology to boost the food value chain, as it launched a new E-commerce platform and its trading and aggregation platform for smallholder farmers.