Nigerian agri-tech startup, Goatti is planning to scale its online livestock investment platform by setting up physical infrastructure to facilitate the seamless movement and sales of livestock.
The startup allows Nigerians to invest in livestock virtually and earn dividends from sales.
Founder of Goatti, Onifade Ifedayo said, “ We use technology in facilitating the rearing and supply of red meat. Livestock farming has long been an area that interests a lot of Nigerians, but many are faced with the stress and hassle involved. Goatti has continued to ensure it creates the largest marketplace of goats in Nigeria.”
“The supply of meat has been declining progressively in recent years. Recently, the Federal Government of Nigeria expressed her fear of a red meat shortage in 10 years due to the population growth rate, so more private players are needed to enhance the production and manufacturing of processed meat to meet quality standards. With our innovation, we are creating value by ensuring every purchasing Nigerian can fund a goat farm irrespective of his or her societal status”, he added
The Goatti mobile app allows people to start a goat farm with only NGN50,000.
The package includes the cost of feeding, vaccinations, treatment of sick livestock, and farm labor.
In return, Goatti offers a 22 to 30 percent to its investors for each goat bought after six months.
According to the founder Ifedayo, the startup has helped in the employment for local farmers and creating wealth and opportunities in the livestock space.
Goatti is self-funded through contributions by its members. To date, it has sold over 2000 units of goats Nigerians.
Goatti was founded in 2017 as a physical livestock farm, until 2018 when its virtual farming app was launched.