Agri-tech Opportunities at the Bottom of the Pyramid: How Big Is the Opportunity and How Little Has Been Exploited? Some Selected Cases in Nigeria

Abstract

This chapter discusses the slow pace at which technology has been applied, particularly digital technology, in farming. The chapter examines the rice value chain in the context of new government policy that supports local rice production through the supply of credit and banning the importation of rice across land borders. The recent recession, which led to currency devaluation, also made rice importation difficult and provided opportunities for local producers and processors to fill the demand gap. This chapter explores the stages of rice processing and how new investors are focusing on and applying technology in selected stages to benefit from the new opportunities. The chapter presents two case studies of firms that typify this development and the changes happening at this level that are reshaping the entire value chain, thereby opening up other opportunities and possibilities. The chapter concludes with some recommendations on possible areas that represent opportunities for the application of digital technology.