Investing in Nigeria is like jumping into an ocean when you are learning how to swim, it is that risky and we are all scared. The current situation in the country is nothing to write home about, with the constant depreciation of naira, unstable economy, unreasonable policies, unfavourable environment and sometimes-unreliable people. Yes! We are sceptical.
The truth is, some of us are risk junkies and so we take the plunge regardless. While some of us are dreamers, adventurers and wild at ❣ heart and want that freedom a 9-5 cannot give.
Although there are some slow safe investments, one can do, like Treasury bill, fixed deposits-(with Eco bank having the best-fixed rates), mutual funds, bonds. There is also investing in real estates, Excision in process lands/excised lands, agriculture, Start-ups, the list goes on and on.
The choice of investing depends on how much you have in your wallet tho, so if you are looking for something to invest in, that does not require much money and has low risk, with a good ROI, it is tough to come by, unless you are into buying and selling. That is what I thought until I stumbled on farm crowdy.
I have always wanted to invest in agriculture but not be the one to actually farm. So many things always come into play. Are you buying the land and renting it out? Are you investing in the land and getting profit from the farm produce? What is the insurance in case of drought, disease or pest infestation? Trust me, when it comes to business and profit, my unserious face always turns serious 😁. Most times, most agricultural schemes do not have answers to these questions.
Anyway, I was going through LinkedIn and watched a video about a Digital Agricultural Platform focused on giving people the opportunity to invest in agriculture by connecting farm sponsors with real farmers. I was hooked. I went to the website around 10pm to study more about what and how they carry out their business and I was a little impressed. For me, the investment turnover is pretty low and slow (rates and months).
The good thing is, you do not have to have a lot of money to be a sponsor. On chatting with online customer care, most of them didn’t really give a good answer towards what happens when there is a disease or drought, asides ‘your initial capital would be returned, and they are insured by Lead wayInsurance’.
I remember arguing with my cousin, why I would invest in something for over 6-10 months and likely not get any return if an incident should occur and that the ROI was seriously low almost like a fixed deposit with a twist.
However, it is actually interesting; I believe I was more intrigued than ever on how it would play out. Another good thing was, a report on the progress of the farm would be sent to you. So it made it more exciting, some of us just like to learn new things, just in case we decide to totally switch careers.
Fast forward to some days ago when the bid came up for poultry farm (ROI-6 months). Right before my eyes, I saw the farm numbers available for sponsoring decreasing like crazy, I had to jump on that bandwagon like #ASAP. I was like, I thought Nigerians always complain they have no money. This bid started 12pm on the 25, June 2018 and by 12am on the 26th it was ‘’Kapish’’ 😱😱😱, all the farms had been sold out literally.
I am curious to see how it plays out, and interested in learning the rigors of a poultry farm.