Working with Existing co-operatives at the time, The NICA idea started as an Agricultural commodity merchandising outfit in the late ‘90s,. It did not take long for the Current President/CEO, Mr Ahmed Adekunle, to realize that there was a lot to be done as regards closing a wide gap that existed between the rural community of farmers and the highly complex financial institutions. This gap, He realized, was a result of a lack of understanding of the ways of operations of both parties, by both parties – the Rural farmers and the Financial Institution.

This resulted in a very slow growth pace for Agricultural initiatives. Very little could be achieved as financial Institutions and rural farmers spoke completely different languages, and there was no attempt made to create the common ground needed for a synergetic relationship between the two parties. It is a fact that cannot be overemphasized – that Financial institutions have a major role to play in promoting developmental agricultural initiatives.

In her Bid to create a solution, in 2002, The firm restructured and constituted a cooperative agency, registered with the Ministry of Agriculture – the Nigerian Investment co-operative Agency (NICA).

This was the turning point, as NICA sought to bridge the gap it had identified. Armed with experienced personell, NICA liased with all the parties concerned and helped to create that common ground of interaction required for a turn around in rural agriculture. NICA focused on identifying progressive agricultural initiatives, packaging them properly as required by finance institutions, source for funds from the finance institutions in its name, and help supervise the implementation of such initiatives. Invariably, NICA became 2 nd Level Financiers for these initiatives bearing all the risks involved in the process.

As time went on, NICA Global Resources devoted its resources to developing a core set of application In pursuing her aim, however, New statutory difficulties arose as regards the relationship between financial institutions and agricultural cooperatives. This hitch was turning into a major challenge, as Financial institutions began to require more certainty and less risks in their transactions. They were more favourably disposed to dealing with limited Liability companies than cooperative agencies.

Determined to stop at Nothing in her bid to feed the Nation, NICA registered as a Limited liability company in 2004 as NICA Global Resources and started trading with that status. Since then, There has been no going back in her bid to hit her vision.

Focusing Majorly on Tractors, Fertilizers and Implements, amongst other products, NICA has grown global. Through synergetic partnerships with Firms Like NORTECH and FOTON LOVOL, we have been able to create a solid case for the mechanization of agriculture in Nigeria. As a testimony to our growth, Financial Institutions now invite NICA Global Resources to participate in Projects.

As part of our resolve to improve agricultural productivity by providing Agricultural equipment, Inputs and Extension services in the most Convenient Manner, in 2004, NICA Global resources pioneered the Tractor Hiring Scheme. The effect of this gesture on the development of rural agriculture is better seen than explained.

NICA Today and Tommorow.

Today, NICA Global resources is the only Agricultural consultancy firm that liase with the complex financial institutions and the rural agricultural producing communities.

We are the only agro-allied company that identifies viable agricultural initiatives, get the farmers commited, create cooperatives, empower these cooperatives in terms of funding and participate in taking risk, by way of supervision and consistent advisory services.

Today, we have, fully, or partly, mechanized farming operations in quite a number of rural areas in Nigeria and provided relevant materials like fertilizers and agro-chemical. NICA Global resources can also boast of a standard tractor assembly plant as well as diverse warehouses scattered across varied locations globally.

In the Near Future, NICA Global resources intends to set up an Independent Financial Institution – NICA Microfinance Bank, under the Microfinance Provisions of the Central Bank of Nigeria. It is our desire that with this Finance structure in place, the time-to-finance for Innovative Agricultural Ideas will be reduced significantly.

NICA Global Resources will serve as an independent consulting firm to this bank, still providing investment advisory services in the Agro-allied sector.