ReQuid, a technology platform that provides investors (individuals & businesses) access to aggregated investment opportunities across Africa launches in Lagos.
In the last couple of years there has been a few new entrants into the agrotech investment scene in Nigeria; companies like Farmcrowdy, Thrive Agric, Verdant Agritech, Porkmoney, to name a few. ReQuid however seek to add more flexibility to the process by introducing features that allow sponsors to sell their stock and cash out before maturation. It also lowers the entry bar for investors to as low as N5,000 per unit.
In a recent meetup with investors and selected industry experts, the CEO of ReQuid, Felix Imafidon, explains that the agro investments landscape in Nigeria is ripe for new inovation that will open up the investment market to more people. Hence, “ReQuid has become the one-stop commodity market for the agro sector investors”, he had said.
In 2016, the Nigerian Agriculture Promotion Policy (APP) 2016-2020 document was set in motion. From farmer groups, to investors, processors, lenders and the academics; many stakeholders provided detailed input, commentary, and support towards the policy document. According to the
Federal Ministry of Agriculture & Rural Development, one of the key guiding principles of the APP is “Agriculture as a business – focusing the policy instruments on a government-enabled, private sector-led engagement as the main growth driver of the sector.” ReQuid, and the other Agrotech solutions, thus provide the neccessary public sector engagement platforms for the delivery of this policy.