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ThriveAgric showcases AYuTe project’s impact on empowering 125,000 farmers and youths in northern Nigeria

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…Joins forces with crust microfinance bank to provide financial inclusion access

ThriveAgric, a leading agricultural technology company, today hosted a project showcase event to celebrate the achievements and future plans of its AYuTe (Agriculture, Youth and Technology) Project. The initiative, launched in collaboration with Heifer International and supported by Crust Microfinance Bank, is empowering 125,000 smallholder farmers with financial inclusion services, creating job opportunities for over 1,000 youths across eight northern Nigerian states including Adamawa, Gombe, Yobe, Jigawa, Kaduna, Kano, Katsina, and Bauchi.

The event, themed “Enabling Financial Inclusion for Smallholder Farmers,” brought together key stakeholders, partners, project beneficiaries, and community members to celebrate the achievements of the AYuTe Project and outline the roadmap for future progress.

The AYuTe Project directly addresses the challenge of financial exclusion faced by many smallholder farmers in Nigeria. By facilitating bank account opening, distributing debit cards, and establishing POS operators in rural communities, ThriveAgric, alongside Crust MFB, is increasing access to formal financial services for these underserved populations. This financial inclusion is a key driver for
improved access to finance, credit, and digital services, ultimately promoting increased productivity and economic empowerment for farmers.

While delivering the keynote address, the Managing Director, Crust MFB, a leading microfinance bank, Stephen Kanabe, emphasized the importance of community, gender inclusion, and agency banking in driving financial inclusion across Nigeria. “We are delighted to support ThriveAgric’s AYuTe Project and contribute financially to these underserved communities,” said Mr. Kanabe.

Commenting on the initiative, the Communications Manager, Heifer International, Chuba Ezeigwe says, “Inadequate access to financial services is a significant barrier for smallholder farmers. We are excited to invest in ThriveAgric’s solutions and contribute to scaling up an agritech innovation that confronts financial inclusion challenges faced by these farmers.”

The event featured presentations, panel discussions, and testimonials from project beneficiaries, including smallholder farmers, Business Service Agents (BSAs), and a Relationship Officer. So far, over 40,000 smallholder farmers now have bank accounts and debit cards and co-operative groups have also been set up through which input financing would be provided to enable further additionality for beneficiaries.

The AYuTe Project represents a significant step forward in ThriveAgric’s mission to build the largest network of profitable farmers in Africa and ensure food security on the continent. The project showcase highlighted the company’s unwavering commitment to empowering smallholder farmers and their communities through financial inclusion and technological innovation.

For additional information or interview requests with a ThriveAgric spokesperson, please contact us via [email protected].

About ThriveAgric:

ThriveAgric is a fast-growing agricultural technology company passionate about ensuring food security. They empower smallholder farmers, leveraging their technology to access finance, and improve productivity & sales to promote food security. ThriveAgric has 450+ warehouses and works with over 500,000 smallholder farmers in Nigeria, Ghana and Kenya. ThriveAgric’s Theory of Change target for 2027 is to provide $500 million in credit to 10 million smallholder farmers and to double the numbers by 2050.

About Heifer International:

Heifer International is on a mission to end hunger and poverty in a sustainable way by supporting and investing alongside local farmers and their communities. They work to end hunger and poverty in partnership with the communities they serve. By supporting and training the world’s farmers, ranchers, and female business owners, they are investing in a new breed of success.

About Crust MFB:

Crust Microfinance Bank (MFB) is focused on purposeful banking. Banking geared towards closing the financial, digital and gender equality gap within communities and between people of different social classes while inviting the public to participate in our purpose. Crust’s message is simple, when your bank with Crust, you are achieving your highest purpose, transforming lives, leaving the world
better than you met it.

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EID-el-Kabir: Tinubu calls for reflection on sacrifice, duty, unity

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President Bola Tinubu has urged Muslim faithful to reflect on the occasion of Eid-el-Kabir, an event that denotes sacrifice, faith, and obedience to the will of the Almighty.

“The President congratulates the Muslim faithful and prays that Allah accepts their supplications and acts of obedience,” Chief Ajuri Ngelale, Special Adviser to the President, Media and Publicity, said in a statement in Abuja on Saturday.

Tinubu enjoined Nigerians to reflect on the essence of the occasion, which bears strong meaning and significance for the nation.

The President emphasised that sacrifice and duty were essential ingredients to nation-building, “noting that it takes collective purpose, will, and action to bring about great change.”

He called on citizens to spare a prayer for the nation for continuous peace and stability while working according to purpose in promoting unity, peace, and progress.

“The President acknowledges the sacrifices that Nigerians have made in the past one year as his administration sets the nation on a firm pedestal of growth and development.

“President Tinubu affirms that the sacrifices and great expectations of citizens will not come to nought as already propitious outcomes are beginning to manifest with the economy strengthening and vibrancy returning to critical sectors.

“The President reassures Nigerians that his administration is prioritizing their physical, social, and economic security and will not relent on this noble endeavour,” Ngelale said.

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Nigerian airspace fully covered by radar – NAMA

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This is contained in a statement signed by the Managing Director of NAMA, Mr Ahmed Farouk, on Saturday in Lagos.

Farouk said that the radar stations in Nigeria located in Kano, Lagos, Abuja, and Port-Harcourt are all serviceable.

He described as false and misleading the claims by a blogger that an unidentified aircraft was spotted at the Presidential Villa, Abuja undetected.

According to him, radar services for Terminal and Enroute flights are positively identified and provide air navigation services to airspace users.

“The agency hereby wishes to state that the claim that the Nigerian airspace is not covered by radar is false and misleading.

“The radar stations in Nigeria (Kano, Lagos, Abuja, and Port-Harcourt) are serviceable. Radar services for terminal and enroute flights are positively identified and provide air navigation services to airspace users.

“Yes, it is true that the TRACON system, like any other electronics systems, is undergoing an upgrade of software and modernisation to meet the ever growing demand for efficient, effective and seamless air traffic management services.

“Furthermore, the welfare of Nigerian Air Traffic Controllers in terms of salaries and allowances is not in contention, as to suggest that it is the lowest in the world.”

Farouk added: “The reported ‘unidentified’ aircraft is a security terminology. In real terms, the aircraft in question is known, but only to the ATC.

“The violation was in the interest of safety, as a result of adverse weather (serious thunderstorm) on the said date.

“The purported circular issued by the NCAA is for airlines to be guided from straying into the marked and published prohibited or restricted areas of the Nigerian airspace.

“It is obvious that the journalist in question does not understand the workings of the surveillance systems, hence his misconstrued and misguided information on Primary and Secondary Radar.

“The agency shall willfully volunteer information on her services to anyone who requires them at any time,” said Farouk.”

The NAMA boss assured of the agency’s commitment to ensure sustainable welfare packages for its staff, especially the Air Traffic Controllers.

According to him, NAMA remains committed to its responsibility to provide safe, effective, economic, and efficient air navigation services in Nigeria.

He said that the existence of robust, effective civil and military coordination and collaboration guarantees a secured airspace and air navigation.

“We are pleased to say that the Nigerian airspace is safe and secured,” he noted.

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Ohanaeze felicitates Okonjo-Iweala at 70

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The Ohanaeze Ndigbo Worldwide has felicitated with the Director-General of the World Trade Organisation (WTO), Dr Okonjo-Iweala, as she clocked 70 years on Thursday.

The congratulatory message is contained in a statement in Enugu on Saturday by the Publicity Secretary of the group, Dr Alex Ogbonnia.

Ogbonnia said that the President General of Ohanaeze Ndigbo Worldwide, Chief Emmanuel Iwuanyanwu and Ohanaeze Ndigbo joined other numerous admirers to felicitate with Okonjo-Iweala.

Iwuanyanwu said “We felicitate one of our best; a cerebral modest woman of substance, a distinctive global icon and a renowned development economist.

“Ngozi Okonjo Iweala is a quintessential Igbo in character, ingenuity, elegance and integrity.

“Her trajectory is a veritable testament to the audacity of intellectual prowess, hard work, competence, self-confidence, humility, prudence and service to humanity.

“Our daughter, Okonjo-Iweala is a source of pride. She has distinguished herself in all the facets she has ever set her foot; at the Harvard, Massachusetts Institute of Technology (MIT), Brookings Institution, World Bank and in the Nigerian government, among others”.

The Igbo leading group said Nigerians would always recall with nostalgia, the various economic reforms that Iweala introduced into the Nigerian financial institutions as a Minister of Finance; under President Olusegun Obasanjo.

He said she spearheaded negotiations with the Paris Club which led to the wiping out about $30 Billion of Nigeria’s Debt, including the outright cancellation of $18 Billion in favour of Nigeria.

Iwuanyanwu added that she introduced the monthly publication of the federal, state and local government shares of revenue from the country’s federation account.

“Back home, the keynote address delivered by Okonjo-Iweala at the South East Economic Summit at Owerri, Imo State, on Sept. 28, 2023 still reverberates with profound wisdom, and instructive reflections.

“On behalf of all the National Executive Committee (NEC), states and local government structures of Ohanaeze Ndigbo Worldwide; and indeed all the sons and daughters of Igbo land, I wish you many more years in good health and full of more accomplishments.”

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