AFOS foundation, a Germany-based charitable foundation, has invested €5.5 million to agricultural interventions in Nigeria.
Speaking during the goundation’s first stakeholders’ roundtable event held in Lagos, Oladipupo Akoni, the CEO and country representative of the foundation, disclosed that over 45,000 smallholder farmers in Nigeria have benefited from the foundation’s interventions.
“Since the commencement of its agricultural project activities in Nigeria in 2017, AFOS foundation has reached over 45,000 smallholder farmers in Nigeria with the attendant positive impacts on their skills, productivity and earned incomes, and targets to reach 60,000 small farmers by the end of 2024,” he said.
Akoni added that the foundation is working on microinsurance product development, agriculture finance training, and sensitization for the microfinance sub-sector.
He said that the ongoing project, which is the Agricultural Training Centre (ATC) being facilitated by their implementation partner in Nigeria -MLDC, will have a significant impact on the Nigerian agricultural sector by addressing its skills and development challenges, as well as capacity replacement, especially in this era of massive emigration.
AFOS was established to support micro and small businesses and the rising middle class in developing and emerging nations.
It gained entry into Nigeria’s agricultural sector in 2017.
The foundation’s interventions include capacity building, value-driven organisational development, management development, corporate governance, and product development.
