Fostering Agricultural Innovation: FCMB and FMO Launch Agritech Initiative in Nigeria
- FCMB and FMO launch an Agritech Hackathon and Venture Building programme in Nigeria to address challenges in the agricultural sector.
- The programme offers prizes totaling up to ₦23 million and aims to foster innovation and support entrepreneurship in the agribusiness ecosystem.
- FCMB and FMO signed a $25 million NASIRA guarantee agreement to expand funding to agricultural SMEs without requiring collateral.
The partnership between FCMB and FMO to launch the Agritech Hackathon and Venture Building programme is a positive step towards addressing challenges in Nigeria's agricultural sector. By fostering innovation and supporting entrepreneurship, the initiative aims to drive sustainable development and promote financial inclusion. The $25 million NASIRA guarantee agreement further demonstrates the commitment to supporting underserved segments of the market.
