Rinchi
TechInAfrica – Agriculture is one of the vital sectors in Nigeria. However, the African country with a population of more than 200 million people has faced some challenging problems, especially by farmers who find it difficult to access a diverse market. Therefore, Bazuze is there as one of the solutions to address the issue.
Bazuze is an Agricultural Commodity Trading partnership platform. It is designed to provide access to the diverse markets for smallholder farmers. It helps to trade their harvested local farm produce to the global market.
The platform enables those interested in agribusiness to trade and export their farm produce through collaborative sponsorship. It will provide partners to sponsor the trading of the commodity from the farm.
Furthermore, every commodity is insured by the Leadway Assurance while Bazuze will provide the fund and expertise for the farmers. By doing this, Bazuze is the medium to connect farmers to the direct markets, eliminating the middlemen in the process.
Nigeria consumes annually 1.7 Million tonnes of Milk but produces 600,000 tonnes, it’s time to take the bull by the horn, let us grow Naira by tapping into 10 billion USD that the country is losing in annual export due to these postharvest losses and decline in production. Exportation is no longer a big man business, it is our business. Nigerians are neither lazy nor a fraudster,” said Tunji Olalekan, Co-founder of Bazuze as cited from africabusinesscommunities.com.
The platform was launched earlier this year and has already secured partnerships with processing companies and some international wholesalers.
The main goals of Bazuze include:
- Empowering smallholder farmers to increase their income
- Reducing postharvest food wastage and increase food security
- Providing opportunities for entrepreneurs in the exporting business
- Adding value to job opportunities
Source: africabusinesscommunities.com
