A statement from the partners on Wednesday revealed that the programme included a 48-hour hackathon, a four-week venture-building residency, and a stakeholder conference, after which winners would receive up to N23m in prizes and further exposure to growth opportunities.

Nigeria’s agricultural sector contributes 21.09 per cent to the country’s Gross Domestic Product and employs around 70per cent of the population, according to the National Bureau of Statistics.

FCMB’s Divisional Head, Agribusiness & Non-Oil Exports, Mr Kudzai Gumunyu, said, “This initiative aims to address the perennial pain points in Nigeria and Africa’s agribusiness ecosystems, transforming them into monetised opportunities for innovators.

“We are indeed excited to partner with FMO and Heave Ventures to organise the Agritech Hackathon and Venture Building programme. It is an opportunity for innovators to conceptualise and develop solutions that will bridge some of the identified gaps in the agribusiness ecosystem to herald a new era of efficient agricultural practices for all stakeholders.

“We will continue to champion initiatives that foster inclusive and sustainable growth within communities by building a supportive ecosystem rooted in Africa, connecting people, capital, and markets.”

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