Michael Iyanro founded BirdPreneur. Iyanro and his wife came up with the idea for their start-up one night watching television, reports Successful Farming.
“We were watching a television program and saw that the Nigerian population has grown to 198 million people,” says Iyanro. “We started thinking about what it will be like in 2050 and what the food requirements will be.”
The start-up not only educates Nigerian farmers on the technologies available locally, but also trains them on smart farming techniques, such as using resources more efficiently, to better grow food and make their farming practices effective. Individuals are identified through farmer associations in rural areas.
In addition to training, farmers also receive the farm supplies they need to scale up their operations and improve productivity. The funds for these supplies are secured through farm sponsors.
The program currently has about 500 sponsors and hopes to reach 1,500 by 2019. Ninety percent of the current sponsors are from Nigeria, with four others located in the U.S. and Europe.
At the end of the farming cycle, Birdpreneur brings in connections with bulk buyers in major cities that come to the farm and pick the produce they want. This eliminates farmers’ issue of getting the products to market.
The farmer’s revenue is then split three ways. The farm sponsor receives 40% as well as the initial investment, the farmer keeps 40%, and BirdPreneur takes 20%.
Last year, the start-up helped produce 65,000 chickens, assisted 1,105 farmers, and partnered with 500 farm sponsors. The company is now expanding to crops that are important to poultry, such as corn and soybeans. In the future, it would like to expand into livestock.
The company is currently operating in two of Nigeria’s 36 states, and it hopes to be in 18 more in the next two years. Eventually, it hopes to be in neighboring countries Ghana and Rwanda.
As we reported earlier, the economies of Nigeria and Ghana are developing rapidly. According to forecasts, by 2030 Nigeria will be the first among the countries of Africa to enter the top-20 world economies.
In addition, Nigeria is also important for Ukrainian exports. It is a hub for the entry of agricultural goods from Ukraine to the African continent.
Flour, live animals and products of animal origin, alcoholic and non-alcoholic beverages, and also confectionery products have the greatest potential.