How to create 10 million commercial farmers in Nigeria by 2030
Why do we need to create 10 million commercial farmers in Nigeria?
Speaking at a Tedx Victoria Island event tagged The Future is Us, Kola Masha sought to address one major challenge Nigeria faces – spiraling youth unemployment – which has been a significant contributor to the dramatic rise in social unrest and crime.
Kola Masha, a leader of thought in the field of Agriculture, proffers The Agricultural Franchise Model, as the means to salvage the lot of the small holder farmer.
Babban Gona – an Agricultural Franchise Model.
- A lack of business know-how
- Insufficient start-up capital
- Inadequate cash flow
- A lack of business know-how: Standard practices and inputs to be successful
- Insufficient start-up capital: Providing farmers access to credit
- Inadequate cash flow: Providing premium market access and steady cash flow.
The Franchise Model ensure that smallholder farmers are provided the following services:
Development and Training
High performing small holder farmer leaders are identified and trained to develop and establish strong franchise farmer organizations.
Innovative approach to provide four levels of risk mitigation to de-risk the farmer organization members, enabling Babban Gona to raise cost effective capital to finance the members of franchise farmer organizations.
Babban Gona provides the appropriate balance of agricultural inputs, at the right time, applied in the right way, at highly competitive prices. Members of franchise farmer organizations attain optimal levels of productivity and product quality while minimizing negative environmental impacts.
Babban Gona provides aggregation and post harvest storage services to franchise farmer organizations enabling members to minimize post harvest losses and access premium price markets, enabling members to significantly increase their incomes.
Kola Masha refers to Agriculture as Nigeria’s job creation engine. “Increase the profitability of small holder agriculture, which will in turn create market forces that will draw millions of young people into the agriculture sector to seek their fortune”.