Shopagric offers investment opportunities in Nigeria’s agribusiness value-chain

Shopagric, an agritech crowdfunding firm, has birthed with the mandate of helping to curb the raising issues of food insecurity in Nigeria. The startup plans to recreate the agro-value chain, one sector at a time.

Shopagric has been in operation for over 12 months with a ranch and an agroprocessing plant located at Kuchiko- ijah, Niger state, Nigeria.

Si n c e its i n c e pt i on, Shopagric has completed six major poultry farm projects, which gave birth to a production capacity of 46,000 broiler birds, one fish farm project and one rice project.

Currently, they have a 4, 000 layer bird capacity farm with a view on expanding before the end of the year to a 20,000 layers bird capacity pen fully automated.

The company also has a catfish farm production capacity of 22, 000, and recently set up a functional hatchery to help increase the catfish production capacity to 100,000 by December 2020.

Wi th the i ncreas i ng consumption of rice as a staple in Nigeria, a 60 tonne per day fully automatic rice milling plant has been approved by the board of directors to be set up on the ranch and agroprocessing plant, in Niger state( being one of the largest riceproducing states in Nigeria).

Shopagric also has a completed and fully functional meat processing house on the ranch and agro- processing plant for the processing of all produced birds in the farm, so as to increase the value of the agro-chain in the poultry broiler production sector.

With a view on further expansion of production capacity on the various agrosectors, a formidable and smart team had to be built; Shopagric has a staff strength of 37 young Nigerians in five different states in the country (Kano, Edo state, Abuja, Niger State and Jos).

A monthly sponsorship window which gives potentially interes ted inves tors the opportunity to fund their e-wallet and sponsor as many units as they want online, from a range of investment opportunity; poultry farm projects at 18percent return on investment ( ROI) in 18 weeks, fish farm project with a return on investment of 20percent in six months, rice processing project with an ROI of 21percent in 6 months.