The Acumen Resilient Agriculture Fund (ARAF II) convened a stakeholders’ meeting on Monday, June 3, to discuss the fund’s endeavors in supporting smallholder farmers. The session addressed various challenges faced by the fund, proposed solutions, and its role in advancing climate goals in Nigeria.
The meeting which was a collaboration between Acumen and Centre for 21st Century Issues, (C21st), had in attendance notable speakers which included: Sam Jewett ( Associate Director, ESG insights, Acumen), the Executive Director, Centre for 21st Century Issues, (C21st), Ms. Titilope Ngozi Akosa, Program Manager, Centre for 21st Century Issues, Jumoke Odediji, and Akugo Onyekusi (ARAF)- Associate Investment Director for West Africa, covering Nigeria and Ghana.
Jumoke Odediji provided insights into the ARAF project, highlighting its anticipated duration of 12 years, during a webinar which brought about stakeholders from different organisations.
Also speaking at the webinar, the Associate Investment Director for West Africa, covering Nigeria and Ghana, Akwugo Onhekwusi spoke about the fund’s commitment to enhancing climate resilience for sustainable agricultural productivity and income growth among smallholder farmers. She outlined a strategic shift towards long-term capital investments to empower farmers in adapting to climate change. Additionally, Akwugo highlighted the fund’s support for innovative initiatives such as aggregator and digital platforms, as well as financial services tailored to smallholder farmers.
Addressing prevalent challenges, including climate vulnerability, information and financing gaps, and limited market access, Akwugo underscored the importance of modernizing agricultural practices and reducing reliance on intermediaries.
Sam Jewett, Associate Director, ESG insights, Acumen, reinstated the fund’s gender-inclusive approach, emphasizing the assessment of gender dynamics in potential investments. He stressed the importance of supporting female empowerment and fostering inclusive workplaces within invested companies.
Ms. Titilope Akosa, the Executive Director, Centre for 21st Century Issues, concluded the meeting by expressing gratitude to all stakeholders, speakers, and attendees for their participation and contributions.