Description
Problem Statement:
Agriculture in Nigeria is critical to the economy but faces major barriers that hinder youth participation and productivity.
Some of those key factors are;
1. Access to Finance
Youth in rural areas struggle to secure financing for agricultural ventures. The EFInA 2020 survey found that only 27% of rural adults have access to formal financial services, limiting the potential for young agripreneurs.
Source: EFInA, 2020
URL: https://efina.org.ng/wp-content/uploads/2021/02/A2F-2020-Final-Report.pdf
2. Post-Harvest Losses
Nigeria experiences 30%-50% post-harvest losses due to poor storage and logistics, costing the economy $9 billion annually. The FMARD highlights that this waste discourages young people from engaging in agriculture.
Source: FMARD, 2022
URL: https://fmard.gov.ng/
By focusing on these critical barriers, this hackathon aims to inspire innovative solutions that can enhance productivity, reduce waste, and create new opportunities for young agripreneurs in Nigeria.
You have been presented the opportunity to develop a solution to any one of these two key barriers using data and innovative technology.
General Track
Timeline
Rules & Eligibility
Note: These data sources are suggestive. You are not mandated to use any or all of them. Please feel free to use other relevant data sources and generate your own data as it suits your purpose.
Task 1: Access to Affordable Finance: Unlocking Access to Finance for the Next Generation of Agripreneurs
Data Sources You Can Leverage:
Farmer Survey Data:
Source: LSMS-ISA Nigeria Agriculture Panel
URL: https://microdata.worldbank.org/index.php/catalog/2734
Financial Inclusion Data:
Explore EFInA's research initiatives and access various A2F survey reports:
URL: https://efina.org.ng/our-work/research/
2020 Survey Report:
Access the full 2020 A2F survey report detailing financial inclusion metrics:
URL: https://efina.org.ng/wp-content/uploads/2021/10/A2F-2020-Final-Report.pdfefina.org.ng+1efina.org.ng+1
2023 Survey Key Highlights:
Review the key findings from the 2023 A2F survey:
URL: https://efina.org.ng/wp-content/uploads/2024/03/A2F-2023-Event-Day-Presentation-Version4-1.pdf
NBS Microdata Portal:
https://microdata.nigerianstat.gov.ng/
Nigeria Labour Force Survey Q2 2024 Microdata:
https://microdata.nigerianstat.gov.ng/index.php/catalog/152
Agricultural Productivity Data:
Source: FAO Nigeria Agricultural Statistics
URL: https://www.fao.org/faostat/en/#country/158
List of CBN Licensed Microfinance Banks as at December 31, 2021
URL: https://www.cbn.gov.ng/out/2022/fprd/list%20of%20microfinance%20banks%20as%20at%20december%2031%2C%202021.pdf
Weather Data: World Bank Climate Portal – Nigeria — https://climateknowledgeportal.worldbank.org/country/nigeria/climate-data-historical
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Task 2: Post-Harvest Losses Problem: Reducing Post-Harvest Losses to Build Youth-Led Agri-Businesses
Datasets You Can Leverage:
FAO Report: "Research on the Measurement of Post-Harvest Losses"
https://openknowledge.fao.org/items/7ad23dcc-5a83-4a04-95bd-e51799cd48bf
FAO Report: "Post-Harvest Losses in Inland Fisheries in Nigeria"
https://www.fao.org/4/t0606b/T0606B11.htm
NASC 2022 Community Listing https://microdata.nigerianstat.gov.ng/index.php/catalog/80
Weather and Climate Risk Data:
Source: World Bank Climate Portal Nigeria
URL: https://climateknowledgeportal.worldbank.org/country/nigeria
Transportation and Market Access Data:
Source: Global Open Data for Agriculture and Nutrition (GODAN)
URL: https://www.godan.info/
PS: These data sources are merely suggestive. You are not mandated to use any or all of them. Please feel free to use other data sources or generate your own data as it suits your purpose
Submission Requirements
Data Strategy:
- Description of datasets used and sources.
- Steps taken for cleaning and analyzing the data.
Farmer Finance Profile:
- Visualizations or scoring models that assess the likelihood of young farmers to succeed or repay loans.
- Insights into what makes a farmer "low risk" or "investment-ready."
Predictive Model(Optional but bonus points):
- A credit scoring model or farm business success prediction.
Solution Proposal:
- A concept or prototype (e.g., an app/dashboard for loan applications, farmer credit scorecards, microfinance risk dashboards).
- How the solution builds trust between farmers and financiers.
- Design an app prototype.
- Include farmer education features (e.g., "how to improve your credit score" tips).
- Build a dashboard that lenders or agricultural investors can easily use.
Judging Criteria
1. Access to Affordable Finance: Unlocking Access to Finance for the Next Generation of Agripreneurs
Background:
Access to affordable finance remains one of the biggest barriers preventing young Nigerians from entering agriculture.
According to the EFInA Access to Financial Services in Nigeria 2020 survey, only 27% of rural adults have access to formal financial services. Among young people aged 18–25, access to loans for business purposes is even lower at 6%.
Meanwhile, agriculture employs about 35% of Nigeria’s workforce (World Bank, 2022), but contributes less than 25% to the GDP — suggesting underinvestment.
Commercial banks often consider agriculture "too risky" because of factors like climate variability, land tenure issues, and lack of credit history. Without access to credit, young farmers cannot invest in seeds, technology, irrigation, or machinery needed to boost yields and incomes.
How can we use data to bridge this finance gap and make agriculture a bankable, attractive industry for youth?
Objective:
Develop a data-driven solution that helps young agripreneurs obtain access to affordable finance.
You are expected to collect, process, analyze, and model data to:
Identify factors that make farmers "creditworthy."
Predict future repayment behavior or business success.
Design tools that banks, investors, or grant bodies could trust to fund young farmers.