Women in Agriculture: How Inflation impacts my business — Farmer

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In this episode of PREMIUM TIMES’ weekly series, Women in Agriculture, Ms Osakwe speaks on how rising cost of production is affecting her business.

Ada Osakwe is the chief executive officer of Agrolay Ventures, an agribusiness investment company based in Lagos, which invests in African agricultural food-related companies. Ms Osakwe is an alumna of

PT: You are based in Lagos and then you are moving to another southern state, why not to cities like Abuja?I mentioned we want to make Nuli for every Nigerian. We had Abuja for one year in 2016. Then we opened up Lagos after that. I also relocated to Lagos, and so I was not on the ground. As much at the time we were building out the business and the structures, the processes and the system. Abuja then required a bigger outlet, because the brand was growing, and we needed a bigger space.

PT: There was a time when farmers in the north wouldn’t allow movement of goods to the south. How were you able to address that at that time?You know, it was between that and even the year before, that’s COVID 19, when there were issues with logistics, and borders were being closed even between states. There were times it wouldn’t have a particular flavor, because we cannot source it. I think we addressed it by being able to communicate that with our customers from day one.

PT: Let’s talk about insecurity. It’s affecting farmers, if the farmer does not produce, how then would you be able to get the fruits and then make your juice?: Thankfully, it is not as significant. I guess the quantities we buy are still not what is at risk to that insecurity or maybe big companies that require those inputs in large quantities have been superbly affected. Instead, what’s affecting us is inflation.

 

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