AFAN to provide gadgets, inputs for 20 million Nigerian farmers

Tingo Mobile, an Agri-Fintech company, has entered into a Memorandum of Agreement (MoA) with the Association of All Farmers of Nigeria (AFAN) to provide agricultural tools and inputs in the form of loan to approximately 20 million farmers across the country.

In the Ministry of Agriculture, AFAN is expected for farmers who can access this credit facility and repay it in a period of 36 months, using their agricultural products.

Tingo will provide inputs such as fertilizers, sprayers, tractors, chemicals, etc. to twenty million farmers.

Tingo Mobile’s commercial director, Ayoola Olaide, said they will be bringing farmers together and providing them with telecommunications and fintech solutions that give them access to global markets.

He further stated that the initiative will also provide tools for farmers that they will use to load their agricultural products and also be able to sell and receive their payments at once.

“We are bringing farmers all over the country, providing them with telecommunications and financial technology solutions that give farmers access to global markets and the ability to offer a lot of facilities and incentive materials that will help farmers make sure that their products meet international standards and they have access to the global market .

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“Our work will allow us to give farmers portable tools and these tools can be paid off over 36 months with minimal arrangements.

With this tool, farmers will have voice and data calls so that they can upload their farm produce and also be able to sell and receive their parents on the go.

“As technology advances, we also come up with many solutions and have partners all over the world.

“We have seen that over the years, rural communities have been neglected and we know that food is actually the most important thing around the world, and if we focus on the agricultural sector, we will be able to change the world.

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“Through this initiative, we believe that our cooperation with AFAN will provide farmers with everything they need to be able to do well in their business,” he noted.

Chris Cleverly – President of Tingo Inc and Tingo International Holdings Inc said Tingo produces technology support and other things that help farmers get a good harvest.

“The AFAN meeting with Tingo is of great importance at this time, at the moment we have a global crisis and a local crisis with food and climate. Food security is national security, and national security is international security.

So when we work together, we understand that we are working on a much higher level.

“At Tingo, we produce Fintech, we produce telecommunications support, we produce things that help the farmer be the hero of our story, because when we make farms stronger, we are all stronger.

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Tingo has a market capitalization of over $2 billion. We have identified issues that are liquidity for farmers. So we will provide farm inputs so that farmers can farm, and they need access to capital.

“So Tingo introduced a smartphone with an app that allows the farmer to communicate with the rest of the world as well as make transactions, and we’ve provided the open marketplace for business.

“Tingo mobile will provide loans that will come as agricultural inputs such as seeds, tractors, fertilizers, chemicals, cash loans and appliance service, then when farmers harvest, they will repay their loans through their agricultural products,” CEO of Tingo Mobile PLC explained Awal Maud.

The President of AFAN, Dr. Farooq Modi, said that he believes in this type of project, the nation’s economy will be protected.

He said that this initiative will deal with farmers directly and will exclude mediators completely.

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