ThriveAgric Partner Acorn-Rabobank to Empower 30,000+ Smallholder Farmers with Carbon Credit Access
Nigerian Agritech company ThriveAgric has announced a groundbreaking partnership with Acorn-Rabobank, to empower over 30,000 smallholder farmers across 9 Nigerian states with Carbon Credit access.
Through this partnership, the sequestration of 1.3 million Metric Tons of CRUs will be facilitated and over $50 million in carbon credit revenue generated.
The initiative aims to bolster carbon sequestration, foster biodiversity, enhance soil health, and deliver economic advantages to local communities, particularly smallholder farmers across nine states: Kaduna, Gombe, Adamawa, Taraba, Bauchi, Jigawa, Niger, Nasarawa, and Kano.
Through this project, farmers will have the opportunity to earn additional income through carbon credits and other climate-smart benefits. The program will focus on regenerating the farmlands of these farmers, mitigating climate change effects, and ultimately boosting crop productivity while reducing the impact of climate-related challenges such as post-harvest losses.
Speaking about the unveiling, CEO ThriveAgric, Uka Eje, emphasized the importance of collaborative efforts in addressing the complex challenges facing the agricultural sector. “Through partnerships like the one forged with Acorn – Rabobank, we are confident in our ability to drive positive change and create lasting impact in the lives of smallholder farmers across Nigeria.”
The partnership between ThriveAgric and Acorn – Rabobank aims to leverage their respective expertise and resources to implement innovative solutions that enhance the resilience and productivity of agricultural landscapes while promoting environmental stewardship and social inclusivity.
It is worth noting that Africa is currently utilizing only 2% of its maximum annual potential for carbon credits. Approximately 30% of the carbon abatement potential is concentrated within the agriculture sector, highlighting the significance of low-carbon options like agroforestry, regenerative agriculture, and other initiatives aimed at maximizing this potential. The project offers a holistic approach to agricultural development that addresses environmental, economic, and social challenges while promoting long-term sustainability and resilience in farming communities.
