Babban Gona (“Great Farm” in Hausa) is an award-winning, high-impact, financially sustainable, and highly scalable agri-tech social enterprise part-owned by the farmers it serves. By developing and deploying advanced technology coupled with operational excellence Babban Gona transforms agriculture into a job creation engine with a goal to create 1 million jobs for African youth by 2025. Babban Gona seeks to sustainably improve the lives of smallholder farmers through the provision of end-to-end farming services. Babban Gona operates in rural northern Nigeria providing a holistic range of services that enable smallholder farmers to increase their average yields to twice the national average, lower input costs and attain better pricing through delayed sales into the market.
The proceeds will fund the company’s expansion from 2017-2021. Proceeds will be used to finance:
Catalyse capital and fund the company’s expansion from 2017-2021 in order to tackle multiple constraints in smallholder farming with promising increases to farmer net incomes in an extremely poor region of Nigeria.
To date, Babban Gona has supported over 110,000 farmers across six states in northern Nigeria and impacted an additional 550,000 individuals in the local communities in which it operates. Babban Gona doubled in size in 2020, from being Nigeria’s single largest maize producing entity, to now one of the largest maize producers on the African continent. In 2020 alone, Babban Gona aggregated over 62,000 MT of maize across c.50 collection centers. Babban Gona supported over 37,000 small holder members with training, financial credit, agricultural inputs, and harvest and marketing services for the 2020 Maize Program. Since GIF’s investment, Babban Gona has raised approximately $70M in debt, equity and grant funding for the expansion of its model with smallholder farmers in Nigeria and the sustainable provision of employment.