Switzerland-based Blockchain Company Pilots New Digital Product in Collaboration with Synergos-Nigeria to Improve Agricultural Outcomes
Lucerne, Switzerland, October 4, 2021
– NGO - Synergos Nigeria
and FCE Group AG
today announce a strategic partnership to improve agricultural outcomes in Kaduna State in northwest Nigeria. The pilot project includes 450,000 farmers who will receive digital tools and access to a cloud platform, digital identification, supply chain traceability, and a payment system with traditional and alternative payment methods. FCE Group AG is the first provider of blockchain-enabled digital traceability and accountability technology that can transform farming and agriculture in the region.
Cloud and blockchain technologies provide traceability along the entire value chain for stakeholders in Kaduna's agricultural sector. Open access to market information, traceability of the value chain, and transparent financing will improve the accountability, manageability, planning, and productivity of each connected farmer/farm and Kaduna state’s agricultural sector overall. The project will drive significant structural change, improving living conditions and increasing food security.
Nigerian agriculture is in a crisis, and the situation has worsened during the COVID-19 pandemic. Nearly 100 million farming-dependent Nigerians are living in poverty. Meanwhile, recent changes in the climate and the economy, as well as projections that the population will double by 2050, require the agriculture sector to rapidly respond to shifting constraints and production requirements.
However, smallholder farmers in Nigeria still lack access to up-to-date market information and are unable to plan and optimize their work across the value chain.
Synergos Nigeria, a global organization helping solve complex issues around the world, has conducted detailed diagnostics in several Nigerian states and coordinated the development of roadmaps for agricultural transformation with participants, including governors, commissioners for agriculture, and many others.
Victor Adejoh, the Country Director of Synergos Nigeria, notes, “Synergos specializes in building relationships and connections for efficient cooperation. In our digital age, we cannot imagine the development of the agri-sector in isolation from digital tools. So, now we must provide stakeholders with trust and transparency of interactions in the digital space as well.
He adds, “In the pilot project, we will bring together the state and the real sector, all stakeholders, especially women and youth, and ensure productive cooperation. FCE Group’s and TransparenTerra’s platform
provide us with a digital bridge to advanced technologies and the digital economy. In this way, we will bring Nigerian agriculture up to global standards and integrate small and medium-sized farms into the global market.”
FCE’s blockchain-backed tools enable the tokenization of products and assets, instant payments, and verified digital flow of documents including contracts, invoices, farm registries, etc. Through a digital identity, farmers gain access to funds, inputs, land, and other critical agricultural infrastructure, as well as the ability to collaborate remotely to influence policy decisions. The system will ensure fair and transparent communication and improve the sustainability and efficiency of Nigerian agriculture.
The project aims to attract as many smallholder farmers as possible to demonstrate how a technological approach can drastically change farmers' businesses and improve their livelihoods.
“The current project is a pilot that we plan to scale to other Nigerian states and probably neighbouring countries after we deliver a practical and efficient approach,” says Gregory Arzumanian, CEO of FCE Group AG.
He adds, “Our partnership and collaboration with Synergos Nigeria, which has the right focus and perspective on issues of inequality, poverty, climate change, and global migration, and the Kaduna State Ministry of Agriculture in their Agricultural Transformation is very timely. Our goal as a Swiss company is to use breakthrough technology to restore trust, build transparency, and mitigate agricultural and industrial impacts on climate change, and ultimately support women. Nigeria is one of Africa’s largest economic regions and has recently embarked on a course of digitization
“The Nigerian government seeks to build a stable economy by attracting more experts and technology. I believe our project will show how the right combination of technologies will foster a progressive shift in the agricultural sector from development to agribusiness and avoid social and climate catastrophe.”