A Sustainable Agritech Solution

Agrorite is a premier digital agricultural commodity trading and logistics platform based in Lagos, Nigeria. The technology connects small holder farmers to sell their farm produce to local and international buyers at fair and competitive prices.

Participation in agriculture is greatly enabled by encouraging sponsors to invest in trade of agricultural produce with interesting and predictable interest rates, also a multimedia learning platform is available to keep up with farm updates and trading activities. There is an insurance cover on the trading and logistics of the farm produce and the local farmers are properly integrated by our field agents ensuring that they maintain best practices in farming and well accustomed with the technology. The farmers also enjoy the financial inclusion Agrorite brings to their lives in terms of savings, loans, insurance etc.

We go a step further from them by commercializing and locally integrating farmers on using our technology. Our cooperative farmers enjoy financial inclusion from us which qualifies them for savings, credits, insurance etc. We are interested in active agricultural participation as a strategy to Zero Hunger (Working towards SDGs Goal 2). We are a cost effective B2B company that leverages on our partners for efficient and data driven service delivery.

UNIQUE SOLUTION
This is a good spot to share additional resources like downloadable content, available apps, or a product registration link.Our number one solution which is in line with Sustainable Development Goals is creating access to market for farmers at fair and competitive prices using our technology.
We are creating this solution by:

  • Assigning local field coordinators to cooperatives of small holder farmers for proper integration of our technology which enhances farm produce quality and nutritional standards.
  • Financial Inclusion for farmers by creating access to savings, credits for expansion, insurance etc.
  • Creating investment platform for urban dwellers where they can earn exciting and predictable interest and also an opportunity to learn from our multimedia updates.

MARKET

Nigeria spends over half of household income on food, making it the country that spends the most on food in the world. Specifically 56.4%. An average Nigerian however spends $1,132 on food annually. (World Economic Forum)
Population of Nigeria according to National Population Commission (NPC) is at 198.7 Million. Considering the population and food insecurity challenges, Agrorite is definitely playing in the right market.

IMPACT AGENDA

  • No Poverty (GOAL 1) – Eliminating poverty.
  • Zero Hunger (GOAL 2) – Degrading hunger.
  • Reduced Inequality (GOAL 10) – stresses the need to ensure that equality is achieved irrespective of age, sex, disability, race, religion etc.
  • Responsible consumption (GOAL 12) – stresses the need to reduce food losses along produce, supply/logistics & post-harvest losses (which we are already doing by ensuring access to market for farmers).

TRACTION

We make 25% to 30% commissions on sales of agricultural commodities on our platform. Agrorite Limited is a Business to Business (B2B) company that makes commissions off the sale of agricultural product. We are also open to consulting for national and international research organization due to the data and relationship we have with small holder farmers. Started with Poultry farmers and now with Maize.

INSURANCE

Due to the fact that our core business is in the trading and logistics of the farm produce, we have Goods-In-Transit (GIT) insurance with Leadway Assurance. Our risk mitigation measures do not permit us to share risk with farmers or farmlands. We however train the farmers, help them with crop yield through our field coordinators on ground and also help with financial inclusion after good working relationship for at least 6 months.

PUBLICATION AND RECOGNITION

We have been featured on reputable publications which includes Vanguard Newspaper, BusinessDay, Covenant University, Linda Ikeji, Nairaland to mention a few. Out of 150 countries and 120,000 startup applications. Only 1% was approved to join the Startup Turkey full program in Istanbul, including pitching on the main stage. Agrorite Limited was one of them

Notable links:

Solving ‘access to market’ is our solution to farmer’s poverty in Nigeria – Agrorite Business Day
Agrorite: Digital platform spurring agricultural prosperity Vanguard news

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