AFAN to provide gadgets, inputs for 20 million Nigerian farmers

An Agri-Fintech Company, Tingo Mobile has entered into a Memorandum of Agreement (MoA) with All Farmers Association of Nigeria (AFAN) to provide gadgets, farmer input in the form of loan to about 20 million farmers across the country.

In the MoA, AFAN is expected to stand by farmers who access these credit facilities and repay within a period of 36 months, with their farm produce.

Tingo will provide inputs like fertilizers, sprayers, tractors, chemicals among others for the 20 million farmers.

The Chief Commercial Officer of Tingo Mobile, Ayoola Olaide said they would aggregate farmers and provide them with telecommunication and fintech solutions that would enable them to access global markets.

He further said that the initiative would also use gadgets for farmers to upload their farm produce and also be able to sell and receive their payment in one way.

“We are aggregating farmers across the country, offering them telecommunications and fintech solutions that allow farmers access to global markets and are able to provide many incentives facilities and materials that can help farmers ensure that their products meet the international standard and they have access to the global market.

Also Read :  Third Japanese cabinet minister in a month resigns in blow to PM

“Our business allows us to give mobile gadgets to farmers and these gadgets can be repaid over a period of 36 months with the least arrangements.

With this gadget, farmers will have voice and data calls so that they will be able to upload their farm produce and also be able to sell and receive their parents in one go.

“As technology advances, we also come up with more solutions and we have partners all over the world.

“We have seen that all the years rural communities have been neglected and we know that food is actually the most essential thing around the world, and if we focus on the agricultural sector, we can change the world.

Also Read :  A Rubens Masterpiece Could Fetch $35 Million at the Auction of Divorcing Couple Mark Fisch and Rachel Davidson's $177 Million Baroque Art Collection


“With this initiative, we believe that our collaboration with AFAN will give farmers everything they need to do well in their businesses,” he noted.

Chris Cleverly – President, Tingo Inc and Tingo International Holdings Inc said that Tingo supports technology and other things that help farmers get a good harvest.

“AFAN together with Tingo is of great importance at this time, now we have a global crisis, domestic crisis with food, climate. Food security is national security, national security is international security.

So when we work together, we can understand that we are working on a much higher level.

“At Tingo we produce fintech, we produce telecommunications support, we produce the things that help the farmer to be the hero of our story, because if we make the farmer strong, we are all stronger.

“Tingo has over $2 billion in market capitalization. We have identified the issues of liquidity for farmers. So we will provide farmers with inputs so that farmers can plant, and they need access to capital.

Also Read :  Lula wins Brazil election in political resurrection for leftist

“So, Tingo has provided a smartphone that has an application that allows the farmer to communicate with the rest of the world and also trade, we have provided the marketplace that is open for business.

“Tingo Mobile will provide the loans that come as farm inputs such as seeds, tractors, fertilizers, chemicals, cash loans and equipment services, then when the farmers feed, they will repay their loans with their farm produce” CEO Tingo Mobile PLC, Auwal Maude explained.

The president of AFAN, Dr. Farouk Mudi said he believes with this type of project, the nation’s economy will be protected.

He said that this initiative with the farmers directly and the middlemen will be completely eliminated.


Leave a Reply

Your email address will not be published.

Related Articles

Back to top button