Nigeria - Business creation project

Describe your project or startup in a few words

Farm City is an innovative project that combines sustainable agriculture, community engagement, hunger relief and wealth creation. through integrated Farming, Local Production, Food Distribution, Empowering Farmers and creating Innovative Solutions.

01.01 Describe your project in more detail

Farm City is an innovative Urban Farming concept that plans to combine integrated Farming, Local Production, Food Distribution, Empowering Farmers and creating Innovative Solutions to help create a sustainable means of doing agriculture, enhancing community engagements in the hope to end food scarcity and create shared wealth of individuals. We believe Shared wealth and ownership is key to economic development by helping combine everybody's unique resources to help create wealth which will be shared amongst them.

01.02 What is the main problem you are trying to solve?

We are trying to use Agriculture to help solve some of Africa, Social and Economic challenges, by reducing poverty rate, creating employments, food scarcity, creating innovating solutions and community development.

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

A passive source of income for users Abundance of Healthy and cheap food. Employment and Education

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

The project is designed to serve multiple beneficiaries within the community, including local residents, small-scale farmers, youth and students, and community organizations.

01.05 When did you start working on your project?

2024-03-01

01.06 How many other partners are associated with your business venture?

0

01.07 Among the other partners, how many are female?

0

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

open to partnership and looking to getting to female co-founders

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

01.10 Which industry best describes your project?

Other: Real Estate, Agriculture, and Clean Energy

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

Also, as a joint social venture, it's a win for every member of our community. we seek to create a secured means of passive income for everyone. Farmland owners get yearly rental payments for their lands, Agro-investors get's a minimum of 10% ROI anually and also emplyment for 1000 individuals over the course of 7years paying them not less than the federal minimum wage.

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

Because of our strategic and flexible business model, it allows us to be able to pull large ammount of funding and run agriculture at a large scale. Also, it's part of goal to reduce food loss and wastage to 0%, effective recycling processes, use and produce our own source of green energy this will allow us maximizing agricultural yields, and allow us to be able to sell in a way that every Nigerian can afford (at cheapest rate). Selling of our produce will be a subsidiary of our brand "Food4Everyone" which is the drive of this idea in the first place to be able to make food abundant for everybody.

02.03.01 My project contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification

We will only hire the best expertise in the Agricultural sector, to make our produce organic as possible and healthy for everyone. and part of our research process is to find out ways we can grow some plants for medicinal purposes.

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

Part of our Vision is to involve everyone into Agriculture, Directly and Indirectly. To achieve that, we have set goal to educate 10,000 youths every year under the "FarmersNetwork" a network of farmers outside "Farmcity" which we will train and equip with finance and resources. Also, as a company we will create 100s of contents monthly posting on every social media outlets educating the general public about the importance of Agriculture and the great feature it has install for everyone.

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

Among the 10,000 individuals we plan to train yearly, 65% will be women, this is part of our mission to encourage women to go into farming.

02.06.01 My project contributes to the Clean water and sanitation goal

7 - Strongly Agree

02.06.02 Clean water and sanitation - Justification

Our project contribute to providing clean water and sanitation, especially in rural areas. By establishing water sources, promoting sanitation facilities, and educating about hygiene, Farm City can improve community health.

02.07.01 My project contributes to the Affordable and clean energy goal

7 - Strongly Agree

02.07.02 Affordable and clean energy - Justification

Part of the responsibility of our research section is to find and invest in ways were we can convert Agro-waste as a source of clean and renewable energy and bio fuels. Our mission as a company is to create our own source of Clean and reliable energy

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

Shared Wealth and promoting fair working conditions, supporting negotiations, ensuring living incomes, and preventing child labor.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Creating a research hub, encouraging innovation through research, workshops, and community engagement.

02.10.01 My project contributes to the Reduced inequalities goal

5

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

4

02.11.02 Sustainable cities and communities - Justification

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

Our project will contribute to responsible consumption and production by reducing food waste, promoting efficient resource use, raising awareness, and supporting local food production.

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

We plan to contribute by promoting local food production, carbon sequestration, biodiversity enhancement, and community well-being. Also using only green energy in our Agricultural Practices.

02.14.01 My project contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification

efficient water management practices reduce overall water consumption. By minimizing runoff and optimizing irrigation, it indirectly benefits nearby water bodies, Organic farming methods will help avoid synthetic pesticides and fertilizers. This helps prevent chemical runoff into rivers, lakes, and oceans, maintaining water quality. Also Educating the community.

02.15.01 My project contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification

By integrating various agricultural practices, Farm City promotes biodiversity. Diverse crops, trees, and livestock create habitats for insects, birds, and other wildlife. Also, We plan to educate the community about sustainable agriculture. Understanding the importance of land stewardship encourages responsible land use practices.

02.16.01 My project contributes to the Peace justice and strong institutions goal

7 - Strongly Agree

02.16.02 Peace justice and strong institutions - Justification

The community we plan to create will comprises of individuals from different ethnicity and religions, and we believe a common goal will help promote peace among individuals.

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

As we grow and progress as a company, a part of our mission is to create/sponsor programs and event that are aim into creating awareness and achieving the numerous Sustainable Development Goals.

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

2

05.02 The product/service we envision creating represents an entirely new type of product/service.

7 - Strongly Agree

05.03 The product/service we envision creating could be described as a new technology.

7 - Strongly Agree

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

1 - Strongly Disagree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

1 - Strongly Disagree

05.08 Justification

05.09 Who are your main potential competitors and what makes you stand out from them?

Other Agricultural businesses, but what makes us stand out from them is our inclusion to technology and unique business model.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes, Partnering with a few of my female friend that have skills set in bag and shoe making, I support with money for her to buy materials and make pre-made shoes and bag that we sell to customers and then split profits after buying more materials.