British International Investment (BII), the UK’s development finance institution, has announced a $7.5 million debt investment in Babban Gona, a Nigerian agri-tech platform aimed at enhancing food security and climate resilience for smallholder farmers in Northern Nigeria.
Harness cutting-edge 𝗗𝗲𝗮𝗹 𝗖𝗲𝗻𝘁𝗿𝗲 𝗔𝗜 by 𝗦𝗦&𝗖 𝗜𝗻𝘁𝗿𝗮𝗹𝗶𝗻𝗸𝘀 to streamline due diligence and drive confident investment decisions. 𝗦𝗦&𝗖 𝗜𝗻𝘁𝗿𝗮𝗹𝗶𝗻𝗸𝘀deal technologies deliver unparalleled insights for smarter, faster dealmaking.
Babban Gona’s AI-powered platform addresses agriculture barriers in Northern Nigeria by providing end-to-end services, including high-quality inputs, financial credit, climate-smart training, and market access. Its franchise model empowers top-performing farmers to establish micro-enterprises, offering inputs and financing to others, with support to scale and secure local bank funding.
BII’s investment is expected to enhance yields, incomes, and climate resilience for approximately 140,000 smallholder farmers by 2029.
Udo Udoma & Belo-Osagie advised BII in connection with the investment.
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