Facebook Twitter LinkedIn RSS
    Trending
    • Nigeria targets 95% digital literacy by 2030
    • The $200 billion quest for reliable electricity, By Elvis Eromosele
    • A2P messaging license to cost N10 million, NCC announces
    • Nigeria Innovation Summit unveil agenda for 10th Conference
    • Vesti to host over 1,500 entrepreneurs, investors, and diaspora leaders at Prosper Conference 2025
    • PalmPay takes on Nigeria’s 90% insurance gap
    • SiBAN celebrates Interstellar’s groundbreaking contribution to Africa’s Blockchain ecosystem
    • Sophos expands solution to guide organizations to mitigate internal vulnerabilities
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»GSMA report identifies challenges of AgriTech in Nigeria
    News 2 Mins Read

    GSMA report identifies challenges of AgriTech in Nigeria

    mmBy ITPulseJune 3, 2020
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    Agrictech, GSMA
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The GSM Association, an industry organisation that represents the interests of mobile network operators worldwide has identified some challenges bewildering the growth of Agric technology solutions in Nigeria.

    GSMA in one of its reports titled AgriTech in Nigeria: Investment opportunities and challenges, noted that though Nigeria has seen a rapid growth of agritech companies offering digital solutions aiming to address the challenges faced by smallholder farmers and to improve their livelihoods, business environment, an ecosystem unable to support long-term growth remain a challenge.

    The report noted that while some agritech start-ups have transitioned into established companies, only a handful have scaled owing to the barriers such as low levels of agricultural knowledge and skills, and limited access to and awareness of funding opportunities.  It also disclosed that the funders that are active in the Nigerian agritech space include incubators, accelerators, angel investors and donors, all of which tend to invest during early funding stages.

    Despite this, Nigerian agritech companies face three major funding gaps: limited availability of local capital, a lack of institutional investors investing in agritech and an inability to attract big-ticket investments.

    The report offers a landscape of the evolution of agritech investment in Nigeria, and the role played by different investors in the growth of the sector. It also shares investment trends in Nigerian agritech, identifying possible opportunities for agritech companies to grow further and how investment could “crowd in” additional resources.

    Agrictech GSMA
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    Nigeria targets 95% digital literacy by 2030

    July 9, 2025

    Vesti to host over 1,500 entrepreneurs, investors, and diaspora leaders at Prosper Conference 2025

    July 9, 2025

    PalmPay takes on Nigeria’s 90% insurance gap

    July 9, 2025

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    Nigeria targets 95% digital literacy by 2030

    July 9, 2025

    The $200 billion quest for reliable electricity, By Elvis Eromosele

    July 9, 2025

    A2P messaging license to cost N10 million, NCC announces

    July 9, 2025
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    Nigeria targets 95% digital literacy by 2030

    July 9, 2025

    The $200 billion quest for reliable electricity, By Elvis Eromosele

    July 9, 2025

    A2P messaging license to cost N10 million, NCC announces

    July 9, 2025
    Popular Posts

    Nigeria’s Digital Awareness Programme Wins Top Global ICT Award

    July 8, 2025

    Nigeria Data Protection Commission fines MultiChoice Nigeria N766.2 million for privacy violations

    July 7, 2025

    Nigeria targets 95% digital literacy by 2030

    July 9, 2025
    © 2017 - 2025 Itpulse. Designed by Max Excellence.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.