Babban Gona (“Great Farm” in Hausa) high impact, financially sustainable, and highly scalable agri-tech social enterprise part-owned the farmers it serves. By developing and deploying advanced technology coupled with operational excellence the company transforms agriculture into a job creation engine with the goal of creating 1 million jobs for African youth by 2025.
Market Opportunity/ Problem
Agriculture is Nigeria’s job creation engine given it accounts for 26% of GDP in 2020, has high growth potential, high labour requirements and relatively low skill requirement. However, to unlock the potential of this sector, critical challenge such as low economies of scale that inhibit smallholder farmers from attaining high levels of profitability must be addressed. Babban Gona creates economies of scale for smallholder farmers by franchising a network of mini grassroots level farmer cooperatives called Trust Groups. The economies of scale provided by membership in Babban Gona enables smallholder farmers to increase their profitability by up to 2.5 times the national average. This increase in net income is driven by substantial increases in yields (on average 2 times national average), significant reduction in costs, e.g., 33% cost savings on urea relative to retail prices, and a 25% – 50% increase in prices for their commodities.
Years of operation
Type of organization
Stage of the business
Enabling (Digital agriculture/aggregation platforms)
Agriculture value chain(s) focus?
Primary country of operation
Other country(ies) of operation
Senegal, through the company’s fellows program
How many employees does your business have?
Does the business have more than 30% women ownership?
Does the business have more than 30% youth ownership (under 35 years)?
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
What is the split between equity and debt?
$10,000,000 – Equity$80,000,000 – Debt