FCMB,  Dutch Development Unveil N20m AgriTech Investment Readiness Programme

FCMB and Dutch Development Bank, FMO, have launched a N20 million AgriTech Investment Readiness Programme aimed at fostering innovation and sustainability in agriculture in Nigeria. The initiative, set to run until 2025, seeks to identify, support, and finance promising agritech startups and SMEs in collaboration with Heave Ventures.

The programme includes a competitive grant prize pool of N20 million to be awarded to the best-positioned ventures for investment. FCMB's Divisional Head of Agribusiness Exports, Kudzai Gumunyu, highlighted the importance of providing traditional funding and nurturing agritech startups to unlock their full potential.

CEO of Heave Ventures, Abiodun Lawal, emphasized the impact of scaling agribusiness innovation in revitalizing the entire value chain and creating millions of jobs. The partnership between FCMB and FMO demonstrates a commitment to supporting agritech startups in their developmental journey towards economic independence and global competitiveness.