Nigeria’s Alosfarm tackles some of the main market inefficiencies and challenges to growth for smallholder farmers within the agriculture value chain in Nigeria.
Stephen Oloh, the CEO & Co-founder of Alosfarm told TechMoran that Nigeria’s agriculture is facing serious challenges such as low yield, enormous wastage of produce across the value chain and lack of easy access for smallholders farmers in rural communities to sell their farm produce to larger market on time. His company aims to solve that.
“Alosfarm attempts to address these challenges by fundamentally transforming and modernizing critical stages of the entire agricultural supply chain,” Oloh told TechMoran.
The platform works to improve smallholder farmers’ limited access to market information, reduce the exploitative behavior of local buyers and middlemen and to improve the transportation and logistics linkages between small rural sellers of agri-production and the larger urban markets while using smart mechanism in optimizing the huge wastage of farm produce.
“My vision is that we transform the way farm produce is grown and distributed in Nigeria by introducing global best practices,” he told TechMoran. “In parallel, we empower the smallholder farmers by providing knowledge & extension services such agriculture training, crop insurance and warehousing. We ensure regular and secured income for the farmers with long-term off-take agreements.”
Alosfarm focus is to develop Nigeria’s underserved regions to improve the quality and quantity of their farmers farm produce. Alosfarm intends to reduce agri wastage, by streamlining the value chain, to less than 5 percent in comparison to the country’s average of about 30 percent. Majority of this saving translates into increased farmers’ earnings.
Currently, Alosfarm has already on-boarded over 50 farmers and help them sell their produce directly from the farm to its primary markets in Imo State, Akwa Ibom, Abia and Rivers State where it has off-take agreements with large multi-national and retail franchises.