FarmKonnect Agribusiness Nigeria Limited is a Social Enterprise for development and the first Agricultural Real Estate Company that seeks to contribute immensely to food security and nutrition through Agricultural real estate of modern technologies and methodologies.
The history of FarmKonnect started as far back as 1994 where a young man was serving as an apprentice in a small aquaculture farm in Mokola GRA Ibadan, Nigeria. The experience of the young man developed into an undying passion for aquaculture which eventually spilled over to other areas of agriculture. Starting with a single fish pond at the place of apprenticeship, the business grew and gradually became what it is today with a vision of becoming a relevant force in Nigeria’s agricultural industry.
The Starting Point.
After some years of experience, investments into the agricultural sector became more attractive and the prospects were now more glaring.
Advent of Aquapet Ventures.
The vision and passion of Oludayo Ganiyu, lead to the establishment of Aquapet Venture limited, which is a large scale aquaculture venture. Although the business grew fast beyond aquaculture to include trades in aquaculture inputs, trainings and consultancies services.
The Birth of NAFFINS Investments Limited
In 2013, Naffins Investments Limited was established by Azeez Oluwole to attract investments into diverse industries, However the Company was not as successful as planned.
Project FarmKonnect Launches.
In order to attract investment into the Company, Naffins launched Project FarmKonnect, which was a program to encourage agricultural investments through the concept of crowd funding. The project began to gain lots of positive attention, then the Company decided to make FarmKonnect a separate entity.
Review of Phylosophies.
As FarmKonnect began to transform from a small hobby-business into a company, it began to review its business philosophies. With due considerations to the specific business condition in Nigeria’s Agricultural sector, it was clearly unveiled that there is a huge gap among the stakeholders in the agricultural sector. It was further unveiled that despite the fact that Africa owns over 60 per cent of the world’s arable farmland, with about 67% youth population as well as about 60 per cent population employed in agriculture, the effect of agriculture in Africa’s revenue is not as huge as it should be. Therefore FarmKonnect started out with the view to connecting the stakeholders in agriculture.
FarmKonnect Opens an Office.
The same year, FarmKonnect opened the first office in Bodija Ibadan, from where all business activities are coordinated.
FarmKonnect Becomes a Company.
In September 2017, FarmKonnect legally became an entity, duly registered with the Corporate Affairs Commission of Nigeria as an agribusiness company, and legally authorized to carry on the business of Agriculture in Nigeria.
Cuniculture Test Completed.
FarmKonnect conducted its Testing of Cuniculture successfully.
Igbeja Snail Village Ideation.
· FarmKonnect was able to sign the franchise agreement with Touchstone Snails Technology Limited, Cyprus, towards the Igbeja Snail Village Project.
· FarmKonnect designed the Concept of Igbeja Snail Village.
· FarmKonnect commenced the training on the construction of the snail facility in Ekiti.
FarmKonnect was able to get into partnership with many important Companies towards the execution of its project.
FarmKonnect conducted testing of Castor, and trained some of its staff on Castor production.
· Major General Femi Jokotola became the Chairman Board of Director of FarmKonnect Nigeria.
FarmKonnect won awards from Cysec Nigeria, University of Ibadan Faculty of Agriculture, and Small and Medium Scale Enterprise Award for Agriculture 2018.
FarmKonnect successfully tested some of its applications in Nigeria and outside the Country.
FarmKonnect successfully completed the construction of the first snail facility.
MODACS came on board.
The Ministry of Defence Staff Agricultural Cooperative Society signs an MOU with FarmKonnect towards the building of three units of snail farming facilities.
Expansion and Operations
· FarmKonnect opens another office in Ibadan.
· FarmKonnect launches the Basal Plan.
· FarmKonnect commences recruitment of State and Business Representatives nationwide.
1. We do not need more farmers, we need smarter farmers.
2. Farmers should collaborate rather than compete.
3. We need to inculcate the culture of Agriculture.
4. Do it Really Big! Agriculture stings; mediocrity will kill you!
5. Farm what they don't sell what they farm.