Agrikore is the platform that connects everyone to everything all the time in Agriculture. It restores life to rural are
Content I- The Program summary.....................................................................................3 • The Targeting dynamics...........................................................................4 • The Program overview..............................................................................5 • The Program results -Key figures.............................................................6 II- The Impact.......................................................................................................7 • Impact on people and economic agents..................................................8 • Impact on food production.......................................................................9 • Impact on financial inclusion..................................................................10 III- Closing comments........................................................................................11
To everyone who believes in sowing and reaping Thank you.
Team Cellulant
I
3/12
The gap between what the Government wanted to achieve and what could actually be achieved due to the available budget provides evidence that there is a need for Governments, Development partners and Private sectors to collaborate in developing a strong financial mechanism that ensures that programs in Agriculture are properly funded. In our view mechanisms that allow private sectors capital to flow into agriculture on a large scale must be allowed to thrive.
4/12
5/12
The Government contributed more than half of the price of farm inputs sold by the private sector to farmers. Farmers also made their own equity contribution as shown in the figures above. It is evident that for every one dollar invested, the FGN stimulated the creation of another dollar of economic activity in the market place. GES can then be described as a quantitative easing mechanism (Injection of new money into the economy) into the rural areas. In Nigeria where there is a clear disconnect between Broad Street (Financial sector) and Main Street (our inner cities and rural areas), interventions like GES become very important when it comes to the creation of real growth in the economy. 6/12
II
7/12
Agrikore is the platform that connects everyone to everything all the time in Agriculture. It restores life to rural areas. Agrikore enables the intervener in Agriculture (who might be a Government, a Donor, a Business or a Bank) to have end to end visibility of: - all the participants in the intervention (KYC), - the movement of services (inputs, loans, grants, farm produce sales, etc), - the flow of money (payments) and, - the web of interaction (information). 8/12
9/12
In 2017, private sectors and financial partners will begin to test pilot the injection of loans into the system. Messers Cellulant, has arranged a consortium of financial sector actors who have agreed to deploy a loan book portfolio of $ 100 million into smallholder farmers’ micro loans. The goal is to achieve 1,736,445 farmers borrowing between June 2017 to July 2018. 10/12
Closing Comments The Agrikore platform, also known as the “e-wallet” platform was developed by Messer Cellulant for Nigeria in 2012.
The Agrikore platform at its core, provides the tools for the creation of a structured agribusiness economy (agriconomy) in Africa because the platform - ensures a start to end management of interventions (schemes), - provides visibility of the cashflow movements within the schemes, - enables the management of accounts, - executes payment and reconciliation processes, and - enables a start to end to end management of services and products catalogue and inventories. Liberia is the first country outside of Nigeria to have adopted and implemented the platform and all its elements fully. Other countries such as Togo and Malawi are in advanced stages of replicating this system. Governments from the Middle East have also indicated interest in the implementation of the Agrikore platform. It is our goal to make Agrikore, the platform that connects everyone in Agriculture to everything, all the time, everywhere across the whole continent and beyond. It is a Super Platform that actors can connect to and drive innovation across the agricultural sector in Africa, innovations that stimulate the economy to support job creation and power rural development. We wish to thank the African Development Bank (AfDB), the International Fund for Agriculture Development (IFAD), the Enhancing Financial Innovations in Nigeria (EFINA), the Central Bank of Liberia (CBL), the Central Bank of Nigeria (CBN), the Government of Liberia and the Emir of Kano Muhammadu Sanusi II for their support since 2011. Finally, we wish to thank the Federal Government of Nigeria (FGN) who since 2011 believed that it was possible to eliminate corruption, promote transparency and leverage on technology for Agricultural Transformation. This exercise which was continued in 2016 by the current administration has proven that a technology that came out of Africa (Nigeria) has the potential to change the world.
Bolaji Akinboro Co-founder Cellulant Group Chief of Party E-wallet for Africa C.E.O Cellulant Nigeria Ltd
11/12
Inspired by Kenya | Nigeria | Botswana | Tanzania | Uganda | Botswana | Zambia | Zimbabwe | Mozambique | Malawi | Ghana | Liberia
Contact :
[email protected] 