The Vice President of Nigeria, Prof. Yemi Osinbajo has given his position on digital technology application in the agricultural sector, saying that it has the potential to revolutionize the sector, not only in Nigeria but in Africa
Prof. Osinbajo made this pronouncement as a panelist alongside the President of Ghana, Nana Akufo-Addo, Prime minister of Rwanda, Edouard Ngirente and the African Union Commissioner for Agriculture, Josefa Sacko, at the African Green Revolution held in Accra, Ghana.
The Vice President said that the African agricultural sector has gotten to point where‘many’ multi-national companies are interested in investing in the sector and are forming collaborations thereby sharing knowledge and promoting growth in the sector.
According to him, “What we found is that there is far more collaboration than before and there is far more transparency; you can see practically everything and anyone who is connected one way or the other and people learn faster because of a lot of collaboration.
“People can get online; find out what this company is doing; some companies are linking investors to farmers and it is so easy to find out what they are doing by simply going to their website,” he said.
He said that these improvements has not left financial institutions out because the mode of commerce has taken a digital turn and transactions are carried online.
“Some of the Fintech companies are also in that space helping to make payments; helping to do transactions and a lot of them are doing well just by building the sector.
“The way it is going; frankly, I can’t see how it (digital technology) will not completely revolutionized agriculture because practically everywhere that digital technology has touched; it completely revolutionized.
“What we are going to see is that digital technology will change the face of agriculture in Africa.”