Following the recent launch of its agro-commodity aggregator platform, Farmgate Africa, Farmcrowdy Group has entered into a partnership with Livestock247, an online livestock market in Nigeria. The collaboration will see both agro-startups pull resources together to improve livestock production and trading in the country.
According to a release issued by the company, the partnership will deepen the offerings in the agricultural space in terms of proper organization and profitable deployment of funds to key areas of production and trading.
Farmgate Africa has as one of its objectives, the growth of market access for farmers and buyers. Thus, the company is looking to collaborate with relevant partners in the agribusiness space to deliver value for both smallholder farmers and major processors/buyers.
“With our livestock portfolio, we have received substantial orders from notable key accounts that require bulls … Our vision is a shared one with Livestock247, and this sees us developing the marketing together both from a production and marketing point,” Co-Founder & Managing Director of Farmgate Africa, Kenneth Obiajulu, said on how the partnership will strengthen the company.
For production, Livestock247 will be helping Farmcrowdy pilot its first ever cattle feedlot in Adamawa State.
Operating through feedlot systems, the first phase has seen the businesses scaling production to over 24,000 bulls with about 1,200 feedlot clusters in the North-East, North-West and Southern parts of Nigeria.
While on the trading end, Farmgate Africa has anchored the relationship that sees Livestock247 trade over 20,000 bulls in over 10 abattoirs in Lagos for FY2019 alone.
Lagos is the primary target, being the largest consuming livestock market in sub-Saharan Africa. The state slaughters over 6000 cows a day. Co-Founder and CEO of Livestock247.com, Ibrahim Maigari Ahmadu revealed that the target is to “produce in excess of 24,000 bulls through 1,200 feedlot clusters in the next one year.”
Livestock247.com is Nigeria’s first online livestock trading market. It provides a platform for buyers of livestock to purchase traceable and fit for slaughter livestock from anywhere and at any time without inconveniences. The platform also gives sellers of livestock a borderless reach and access to market 24/7.
Livestock247 has covered production operations across 8 states in Nigeria including; Adamawa, Taraba, Kaduna, Kano, Katsina, Niger, Osun, and Abuja and will commence trading in Abuja, Rivers and Enugu state respectively.