Right from time immemorial, the major challenge the agricultural sector in Nigeria has always faced has been Food loss (Wastage). Despite its contribution to the economy, waste has always impacted on its productivity. Nigeria generates over 32 billion kilograms of waste per year in all the stages of the agriculture value chain. To give you a good perspective, imagine a kg of any frozen food (Chicken, fish..) then multiply it by 32, then by 1 billion. Imagine that.
According to the central bureau of investigation(CBI): Annual loss of tomatoes in Nigeria is between 45 – 60 percent of the total production, while 50 percent of onions and 20-30 percent of pepper are lost at different parts of the distribution chain.
Food Loss is still a big challenge for Nigeria due to various reasons. Most of the processes that contribute significantly to food loss are not well developed.
Some of the causes and constraints leading to food loss in the value chain of agricultural produce are:
● Lack of finance for good quality input (seeds and fertilizers)
● Lack of education on crop management and
● Logistics- Poor coordination with the rest of the chain and unmanaged seasonal production
● Poor infrastructure for storage at harvesting
● Security Incidents
● Insufficient modern processing facilities, and processing equipment and methods
● Poor vehicle condition used during transport, overloading of trucks and the use of poor packaging materials (such as raffia baskets) during transport
● Delays by police and customs during long distance transit
● Poor road condition during transportation
● Lack of efficient refrigeration during transport
90 percent of all these challenges are due to the current deficiency of funding necessary to begin and maintain the operation processes. Should all these challenges be attended to, the productivity of the agricultural sector would surge and its efficiency will increase.
Helping our clients attain their objective has always been central to the BjLending Platform. It’s the reason we provide instant loans for urgent cash needs, 24/7. It’s also why we built a seamless system where the only collateral required is Trust. BjLending is revolutionizing finance sourcing in Nigeria through this unique approach of Trust as a collateral.
Radical Trust we call it. We believe in the value of humanity and its inclination to uphold the trust of individuals dear to them.
Generally, your people currency i.e. network) is really important for growth. It can determine how fast you grow in a given space. We all know that just knowing the right person can land you the right opportunity with little or no stress. As long as there is mutual trust, Information will always flow. At Bjlending, we build on your people currency. If there is someone to substantiate your integrity, we are here to offer you a loan.
We’ve recently directed our services to a very important sector which marks an exciting next step in our evolution!
The Agricultural sector: the only sector that feeds the nation. Its relevance cannot be overemphasized. Hence, We at BjLending will be partnering with the farmers from all across Nigeria to help them achieve their goals through the provision of quick and seamless loans just when they need it.
We’re offering instant credit to the people that feed this great nation. We are providing quick and easily accessible finance to our Farmers, Agricultural Economist, Agricultural Food Scientist, Agricultural Engineer, Aquatic Ecologist, Farm/Agricultural Manager, Wastewater Engineer, Perennial Scientist, Conservation Planner, Agricultural Salesperson, Horticulturist and anyone in agriculture. We understand the high risks involved and we have chosen to bridge the gap between the agriculture sector we have today and the efficient one we would have tomorrow. Knowing the challenges peculiar to people in the agric world as it relates to finances, we believe that more than any other sector, the trust we require as a collateral and nothing else will be most beneficial.
Ultimately, we are creating a support system for the agriculture business owners. We have always believed in you and your commitment to your finances, ever willing to step in when things do not go as planned or support when your financial capacity is not buoyant enough to achieve the vision. Now we want to reach out to your friend and neighbor contributing to feeding our nation and add value to their work process through seamless and instant loans.
We are providing loans for
● Purchasing good quality input (seeds and fertilizers)
● Training on crop management
● Proper Logistics
● Building infrastructure for storage at harvesting and any other way that helps achieve increased efficiency in the agricultural sector.
We are here to reduce their burden by providing all they need financially for a successful farm year. It will become clearer that our vision is to walk side by side with our customers, going everywhere together, in a collaborative and dynamic relationship.
Do them a favor and share this great news.
