According to the PUNCH online, he stated this while answering questions regarding Liberia’s adoption of Cellulant’s eWallet services, in which it registered 80,000 farmers in one month.
“I am particularly pleased that African governments are waking up to the benefits of Cellulant’s eWallet services and solutions. Clearly, the work that started in Nigeria in 2011/2012 is now a force for change within the agriculture sector across Africa,” Akinboro said.
According to him, the Liberian Agriculture Transformation Agenda programme leverages the technology provided by Cellulant to the Nigerian agriculture sector four years ago.
This, he said, was widely adjudged as probably the “most” innovative digital platform supplier to the agribusiness in Africa.
He said, “Cellulant continues to build on its multi-country knowledge and expertise to develop digital technology systems and solutions which are appropriate to the extant realities of agricultural ecosystems across the continent.
“For the Liberian eWallet scheme, Cellulant will support the Liberian government’s ongoing Smallholder Agricultural Productivity Enhancement and Commercialisation Project, which is expected to capture and incorporate the activities of 150,000 Liberian farmers before the end of the current 2016 planting season.”
He also said, “From a simple wallet in their homes and rural locations, farmers will be able to directly receive input support for their fertilizers, get relevant data and alerts, become visible in the agro-economic value chain and simply exist in the financial system.
“In a parallel arrangement, the SAPEC project will also promote Small and Medium Enterprises financing by allowing agro-dealers to receive funding from commercial banks through a risk-sharing agreement with the Liberian government. Economists expect interest rates on lending to drop several points, boosting microcredit, as a result of this scheme.”
The African Development Bank, in a recent statement, said that the innovative programmes would usher in wider financial services in Liberia, further encouraging premium insurance, microcredit and a savings culture.
Further commenting on the development from Nairobi, the Kenya head office of Cellulant Corporation, the Group Chief Executive Officer for Cellulant, Ken Njoroge, said, “This is a deeply gratifying moment in history for Liberia.”