Business
COSCHARIS FARMS LEVERAGES BLOCKCHAIN TECHNOLOGY TO REVOLUTIONIZE RICE FARMING BY CHINEDU NSOFOR
COSCHARIS FARMS LEVERAGES BLOCKCHAIN TECHNOLOGY TO REVOLUTIONIZE RICE FARMING
BY
CHINEDU NSOFOR
In a transformative move for modern agriculture, Coscharis Farm, a subsidiary of the renowned Coscharis Group founded by Dr. Cosmos Maduka, is revolutionizing rice farming through its innovative blockchain program. This initiative aims to streamline farming operations and empower local farmers by providing them with essential resources and support. Shepherd Hurudza, the farm operation manager at Coscharis Farm, shared insights into this groundbreaking project during an interview.
Land Development and Infrastructure
Coscharis Farm spans an impressive 2,500 hectares in Ayamelum Local Government, Anambra State, specifically developed for rice farming. The farm has undergone extensive preparations to create a sustainable agricultural environment.
“We have implemented irrigation systems and have conducted precision leveling on more than half of our land to form rice paddies. Currently, 600 hectares are being irrigated to ensure optimal growth conditions for rice cultivation.” Said Shepherd Hurudza
The commitment to modern farming techniques is evident in the array of machinery at Coscharis Farm. The facility boasts 520 horsepower tractors and combined harvesters designed for efficient rice farming. These resources allow for streamlined cultivation and harvesting, ensuring that the farm operates at maximum efficiency.
Empowering Farmers Through Blockchain
Recognizing the challenges faced by individual farmers in accessing land and resources, Coscharis Farm has launched a blockchain farming program aimed at democratizing agriculture. This initiative is particularly beneficial for those with financial backing but lacking the means to cultivate.
Many individuals interested in rice farming struggle to acquire land and the capital required for development. The blockchain program provides a solution. It offers access to land and support throughout the farming cycle.
Under this program, Coscharis Farm collaborates with aspiring farmers, providing them with plots of land to cultivate. The farm handles all aspects of land preparation, planting, and harvesting. Farmers can cultivate up to 10 hectares, with Coscharis team offering guidance on best practices and mechanized planting.
Comprehensive Support Services
The blockchain initiative extends beyond mere land access; it encompasses a full range of agronomy services. Coscharis Farm provides farmers with essential resources, including seeds, fertilizers, and chemical treatments. The support continues throughout the crop cycle. Coscharis Farm offers advice on optimal planting times, crop management practices, and harvesting techniques. After the harvest, the farm guarantees the purchase of the produce, ensuring that farmers have a reliable market for their rice.
Digital Monitoring and Transparency
In a significant stride toward transparency and efficiency, Coscharis Farm has developed an in-house app that allows farmers to monitor their operations in real time. The app provides visibility into all stages of farming, enabling farmers to see the status of their land and crops from the comfort of their homes.
The app offers features that allow users to track planting schedules, fertilization timelines, and overall crop health. This digitalization fosters a greater understanding of farming processes, empowering farmers to make informed decisions. Additionally, Coscharis Farm utilizes satellite monitoring technology to enhance data accuracy.
A Sustainable Future for Agriculture
The innovative blockchain program at Coscharis Farm is not only focused on immediate results but also aims for long-term sustainability in agriculture. This initiative aligns with broader goals of enhancing food security and promoting sustainable agricultural practices in the region. By leveraging technology and modern farming techniques, Coscharis Farm is setting a precedent for the future of agriculture in Nigeria and beyond.
Conclusion
Coscharis Farm is reshaping the agricultural landscape in Nigeria through its innovative blockchain program. By empowering local farmers with access to land, resources, and technology, the farm is not only enhancing productivity but also fostering a sense of community and collaboration.
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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