Nigeria now has a population of about 200 million people, with that number predicted to climb to over 400 million by 2050.
As a result, food production and sustainability will always be a top priority, and agriculture will continue to be a crucial area of national growth.
Recently, a slew of investors, innovators, and entrepreneurs have flocked to the agricultural sector to use technology to solve a slew of problems.
Unfortunately, the industry has experienced an influx of people with nefarious objectives. Such people prey on the unwary through a variety of schemes, one of which is Ponzi Agriculture Investment Schemes (PAIS).
The essential points to look out for while investing in an agricultural plan are outlined below; following these points carefully will prevent you from falling prey to scammers.
Ensure there’s a physical location
It is vital to see the farm’s physical location, as mentioned on their website, before continuing to invest in any agricultural business. If you are unable to visit, find someone who can verify the farm’s location.
Farm addresses that are either non-existent or belong to other persons are listed on several bogus agricultural platforms. By going to their indicated locations, you will be able to ascertain their genuiness to a reasonable extent.
Look out for contradictions in the scheme
Every company is controlled and operated by a group or an individual. To assess the trustworthiness of the individual or directors of the company, a background…
