FG Unveils N250 Billion Food Security Fund
The Federal Government has introduced a N250 billion financing window aimed at supporting smallholder farmers to increase food production in Nigeria. This fund complements the ongoing N1.5 trillion recapitalisation of the Bank of Agriculture (BOA).
Government Initiatives to Boost Agriculture
Speaking at the 47th National Council on Agriculture and Food Security (NCAFS) held in Kaduna, Minister of Agriculture and Food Security Abubakar Kyari outlined key reforms and programs designed to accelerate the country’s journey towards food sovereignty and agricultural transformation.
- The Renewed Hope Agricultural Mechanisation Programme
- The Dry Season Initiative, which promotes year-round farming on 500,000 hectares
Focus on Accessibility and Training
The minister emphasized government efforts to make farm inputs more affordable and accessible, while providing gender-responsive extension services. Additionally, farmers will have improved access to credit, inputs, and training programs focused on climate-smart farming techniques and mechanisation.
"The government had embarked on series of reforms and financing initiatives to fast-track Nigeria’s path to food sovereignty and agricultural transformation."
– Abubakar Kyari, Minister of Agriculture and Food Security
The government continues to prioritize agriculture as a key sector to ensure food security and support smallholder farmers' productivity.
Author’s summary: The Nigerian government launches a N250 billion fund alongside existing programs to enhance smallholder farming, focusing on mechanisation, accessibility, and climate-smart practices.