Nigerian Agritech Startup Thrive Agric Launches USD 10 Mn Project For Smallholder Farmers

Abuja-based agritech startup Thrive Agric has launched a one-year project to empower 50,000 smallholder farmers. The project will be supported and carried out in partnership with the USAID-funded West Africa Trade & Investment Hub (Trade Hub). Thrive Agric has committed to raising at least USD 10 Mn as part of its cooperation with the Trade Hub, while the Trade Hub will invest a USD 1.75 Mn grant.

The program will support farmers who grow rice, maize, and soybean in Nigeria as part of the agritech’s commitment to building value chains. The 50,000 smallholders selected to participate in the project will receive agronomy advisory services, pre-and post-harvest storage and logistics support, links to credit and agriculture insurance products, and access to the company’s current and future mobile apps.