5 agritech startups transforming the Nigerian agriculture scene
- Agriculture contributes about 24.43% to Nigeria’s GDP, indicating its importance to the economy.
- Nigeria has over 73 million hectares of arable land, but less than half is cultivated, showcasing untapped potential.
- The number of agritech startups in Nigeria surged from 23 in 2022 to 230 in 2024, reflecting growing interest in the sector.
While the rise of agritech startups in Nigeria is promising, the sector's growth is hindered by funding disparities and market penetration challenges. Addressing these issues is crucial for unlocking the full potential of agriculture in Nigeria, which could significantly enhance food security and economic stability.
