Nigerian Agritech Startup Farmcrowdy Secures 7,500 Acres Of Farmland To Boost Its Operations
Nigerian Startup Farmcrowdy, has secured additional 7,500 acres of maize and rice farms in Kaduna and Kwara states.
This development sees Nigeria’s agritech startup officially double its acreage of land, which at the end of 2017, stood at 4,000 acres of farmland across 8 states in Nigeria.
In a press release, it was disclosed that 5,000 acres of maize farm would be cultivated by 2,000 new Farmcrowdy farmers in Kaduna state, while Kwara will witness 2,500 acres of rice being cultivated by over 1,000 direct rice farmers.
Co-Founder and CEO of Farmcrowdy, Onyeka Akumah, describes the acquisition of additional land as an incredible landmark for the company.
“We have been fervently working towards scaling up our operations across the country and these 7,500 additional acres of rice and maize farms, will allow us to do just that. We’re eager to see continued advanced growth in other crops including poultry in the near future; but at this point, we are particularly looking forward to welcoming on our platform more farm sponsors and followers locally and globally, as we continue to redefine the dynamics of farming and agriculture for not only Nigeria, but eventually Africa.” Onyeka said.
Since its launch in 2016, Farmcrowdy has empowered over 3,000 small scale-farmers across Nigeria. As a result of the new acquisition of land, 3,000 new direct farmers have been added to its team. Farmcrowdy launched its mobile app in November 2017 and has marked 50,000 unique downloads from agriculture enthusiasts.
The startup was recently announced as a recipient of a $325,000 grant from GSMA as part of the GSMA Ecosystem Accelerator Innovation Fund.