Consumption of food, the end product of most agricultural activities in Nigeria is worth about $100 million daily and between $36 billion to $50 billion yearly, opening up a stream of opportunity in under-explored areas of agricultural logistics, food processing and tailored payment systems.
Bolaji Akinboro, the co-chief executive officer of a blockchain technology aiming to become Africa’s foremost platform for reorganising the fragmented supply chain of existing agricultural operations, Cellulant, said agriculture is enough create wealth for Nigeria.
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“It is enough to connect everyone and expose that connection to investors, banks, transporters and business development,” Akinboro said speaking at the Cellulant Inaugural Partner Summit in Lagos.
Cellulant in the past 15 years has consequently focused on building linkage infrastructure for closely knit relation between farmers, aggregators, food processors and retailers.
