As the agribusiness environment in Nigeria faces insecurity and COVID-19 challenges amid rising food inflation, Farmnow, an agro-tech company with thousands of subscribers, has fine-tuned its business projections and reiterated its commitment to food security, investors’ interest and job creation.
Hence, the agro-tech start-up said in a statement that it would soon disclose the projections to its farm sponsors and how their Returns On Investment (ROIs) would be disbursed.
Speaking on this development, Business Manager, Evelyn Oloyede, said the management and board of Farmnow, consulted the company’s financial advisers and unanimously resolved to fine-tune the existing business projections for sustainability purposes.
According to her, “Farmnow is in a trust business, hence, we need to ensure that our farm sponsors have a high level of confidence in what the company does.”
Read more from the source- TRIBUNE