At Oluadepe farms, we believe that a good relationship with our local community and strong stewardship of our environment are integral to building a sustainable business.
We work with local authorities and partner with the communities near us to ensure that they benefit from job creation and improved livelihoods. As an agricultural production and processing business, we strive to adhere to the Food and Agriculture Organization’s Voluntary Guidelines on the Responsible Governance of Tenure of Land, Fisheries and Forests.
We plan will increase the domestic supply of fish – a key protein-providing component of the Nigerian diet. Our approach is to use a network of smallholder farmers using mostly leased or personal farm to ensures that our business does not negatively impact the supply of fish as food in our surrounding communities. In addition, we plan to train small scale fish farmers on best practices to increase their yields.
INCLUSIVE eCONOMIC GROWTH
Agriculture accounts for 21% of Nigeria’s GDP and employs 70% of the labor force. Smallholders produce 99% of Nigeria’s agricultural outputs. 73% of smallholder households live in poverty (below $2.50 per day), and one-quarter live in extreme poverty, on less than $1.25 per day. These individuals have no ability to operate an aquaculture enterprise because they lack financing and training. Our model focuses on such individuals by addressing the lack of financing – the principal obstacle – and the lack of training, thereby increasing their production capacity, profitability and household income above poverty threshold.