What is agritech and why is it important for Nigeria?

Agritech combines agriculture with technology to make farming more efficient and profitable. In Nigeria, it's helping smallholder farmers access better tools, connect to markets, and improve crop yields, which is crucial for food security and economic growth across Africa.

Why invest in global companies rather than local Nigerian agritech startups?

While local startups are driving innovation, they rely heavily on established international companies for core technologies like precision farming equipment, mobile infrastructure, and payment processing systems. These global firms are publicly traded and provide stable exposure to the agritech growth story.

What is precision agriculture?

Precision agriculture uses technology like GPS, sensors, and data analytics to optimise farming practices. It helps farmers use resources more efficiently, increase crop yields, and reduce costs by applying the right amount of water, fertiliser, and pesticides exactly where and when needed.

How do digital payments help Nigerian farmers?

Digital payments allow farmers to receive payments for crops, access credit, and purchase supplies without needing traditional banking infrastructure. This is especially important in rural areas where bank branches are scarce, helping farmers participate more fully in the modern economy.

What does 'Market Cap' mean?

Market capitalisation is the total value of a company's shares in the stock market. It's calculated by multiplying the current share price by the number of shares outstanding, giving you an idea of how much the entire company is worth according to investors.

10 handpicked stocks

Nigeria Agritech: Which Global Stocks May Benefit?

Nigeria's agricultural sector is undergoing a massive tech-driven upgrade, creating new efficiencies and improving farmer livelihoods. This basket offers exposure to the global technology giants in precision farming, e-commerce, and digital payments that enable the growth of local agritech platforms.

Han Tan | Market Analyst

Updated today | Published at September 8