June 4

Agritech Startup Thrive Agric Receives $1.5 Million Grant to Boost Incomes of 50,000 Farmers

By Janet John

Building on its work to boost food security in Nigeria through technology-driven agricultural services, Thrive Agric has launched an ambitious 1-year project to support 50,000 smallholder farmers growing rice, maize, and soybean. As part of its commitment to strengthening agricultural value chains in the country, including for these three staple crops, the USAID-funded West Africa Trade & Investment Hub (Trade Hub) is backing this effort with a $1.75 million co-investment grant.

Thrive Agric has already helped over 140,000 farmers in Nigeria increase their capacities to meet supply, quality, and food safety standards required by domestic and export markets. The company has accomplished this through bundling a variety of products and services normally out of reach of smallholder farmers, distributing them in rural areas through its networks, and partnering with agriculture organizations to expand upon these efforts.

Photo courtesy of CIAT.

Source: Nairametrics (link opens in a new window)

Agriculture, Technology
food security, smallholder farmers, startups, youth