Firm Seeks BOA Surport To Establish Africa’s Largest Farmers Market   

Nigeria’s Aquagrico Farms is seeking a partnership with the Bank of Agriculture (BOA) to establish the largest farmers market in Nigeria.

The farm aim is to create an all-in-one agricultural market-hub which encompasses gathering, re-distributing, storing, processing and exporting of agro-products while enhancing the promotion of large scale commercial agriculture in Africa through a process that maximizes profit to sustainably satisfy the needs of consumers.

In a correspondence issued to BOA on 12th October 2022, Aquagrico Farms managing director, Kolapo Joshua Talabi through their solicitors, said the market would support agricultural value chain activities and capacity development in order to stimulate agriculture development in Nigeria.

The letter reads in parts, ” Being a proudly Nigerian agro-allied entity, our client undertook the study and survey of the agricultural sector in Nigeria and discovered that one of the major causes leading to the decrease in growth of the agricultural sector especially in the 2nd Quarter of 2022 with a growth of 1.20% as against 3.16% of the previous Quarter is owing to poor merchandise of the agricultural produce.

It is reckoned that the situation will worsen with the harzadous climatic changes and flooding which have major impact on the distribution and marketability of agricultural products”

” In view of our clients extensive experience in the agricultural sector, it is posited that an efficient market system can project a progressive GDP for the Nigerian economy which would shift the economic base of the country from a mono-economy reliant on crude oil to agriculture as its mainstay reflective of pre-1970 Nigeria. It is in this light that Our Client has conceived and set in motion the establishment of Africa’s Largest Farmers Market in Nigeria.

The primary objective of setting in motion Africa’s Largest Farmers’ Market in Nigeria is to create an all-in-one agricultural market-hub which encompasses gathering, re-distributing, storing, processing and exporting of agro-products” it added.

“In addition, the concept will assuredly make a great impact in the country’s agricultural sector by boosting food supply, creating jobs, raising incomes, reducing malnutrition and contributing to the progress of the continent’s agro-economy.

It is no coincidence that our clients objectives aligns with the mandate of the Bank of Agriculture particularly as it relates to support for all agricultural value chain activities and capacity development in order to stimulate agriculture, improve lives and grow communities”, it said.

The firm in the letter is requesting for a project-presentation visit to the bank for better and robust deliberation on the concept in the interest of Nigerians farmers.