A partnership aimed to deepen the offerings in the agricultural space in terms of proper organisation and profitable deployment of funds to key areas of production and trading of livestock in Nigeria has been signed between FarmCrowdy and Livestock247.
On Tuesday, the management of FarmCrowdy announced the deal via the company’s official Twitter page.
According to Co-Founder of the firm, Mr Kenneth Obiajulu, who is also the Managing Director of Farmgate Africa, a subsidiary of the company, more collaboration would be done so as to deliver value for key stakeholders in the agribusiness sector.
“Our goal has always been to collaborate with relevant partners in the agribusiness space to deliver value for both smallholder farmers and major processors/buyers.
“With our livestock portfolio, we have received substantial orders from notable key accounts that require bulls with specific criteria. Our vision is a shared one with Livestock247.com, and this sees us developing the marketing together both from a production and marketing point,” Mr Obiajulu said.
Through the recent partnership with Livestock247, Farmcrowdy has established its first farmyard in Adamawa State, bringing the total farmyard houses to over 24000 bulls, with about 1,200 feedlots spread throughout the North West, North East and Southern parts of Nigeria.
In addition, FarmCrowdy, through Farmgate Africa, has anchored the relationship that sees Livestock247.com trading in excess of 20,000 bulls in over 10 abattoirs in Lagos for the year 2019 alone.
Group CEO of Farmcrowdy, Mr Onyeka Akumah, while also commenting on the development, said the agricultural ecosystem of Nigeria cannot be built alone, hence the partnership.
He also reinforced the importance of leveraging on partnership with experts and stakeholders in the sector.
“We can’t build an entire ecosystem for Agriculture in Nigeria alone. We have our strengths when we are building solutions with technology, but to build an ecosystem requires strong partnerships with stakeholders who are experts in their domain.
“So, this is the reason why a partnership with Livestock 247 is exciting for the entire Farmcrowdy Group and specifically for Farmgate Africa — our Aggregator Platform for Agro-commodities,” Mr Akumah stated.
Livestock247 is a platform where buyers and sellers trade livestock conveniently. Only fit-for-slaughter livestock are traded on the portal, with veterinary doctors also offering the livestock owners diagnostics and epidemiology lectures on the site.
So far, Livestock247 has operations across Katsina, Kaduna, Kano, Niger, Adamawa, Taraba, Abuja, and Osun States. It plans to expand to Enugu and Rivers states in the southern part of the country.
Co-Founder and CEO of Livestock247.com, Mr Ibrahim Maigari Ahmadu,, stated that, “Lagos slaughters over 6000 cows a day, being the largest consuming livestock market in sub-Saharan Africa. Our target is to produce in excess of 24,000 bulls through 1,200 feedlot clusters in the next one year.”
more recommended stories
Facebook NG_Hub Trains 50,800 SMBs in Digital Skills
By Modupe Gbadeyanka Not less than.
Asian Equities Finish Mute Despite Reprieve for Huawei
By Investors Hub Asian stocks ended.
European Shares Close Mixed as Investors Await Fed Outcome
By Investors Hub European stocks are.
Lingering Trade Worries to Stretch Wall Street Volatility
By Investors Hub The major U.S..
CBN to Control Banks’ Investment in Treasury Bills, Bonds
Modupe Gbadeyanka The Central Bank of.
Nigeria to Issue Second 30-year Naira Bond Today
By Dipo Olowookere The Debt Management.
NSE Index Gains 2.88% to Slice Year-to-Date Loss to 3.86%
By Dipo Olowookere The local equity.
30-Day T-Bills Yields Shrinks to 9.94%
By Dipo Olowookere The continued absence.