The World Bank has approved a $500 million credit facility for Nigeria to enhance agricultural productivity and strengthen food security.
The funding, provided through the International Development Association (IDA), will support the Nigeria Sustainable Agricultural Value-Chains for Growth project, also known as AGROW.
The programme is expected to run for six years, from 2026 to 2032, targeting approximately one million smallholder farmers across the country.
Under the initiative, support will be directed toward the production of key staple crops, including rice, maize, cassava, and soybeans. Agribusinesses that source produce from smallholder farmers will receive matching grants, particularly in areas such as post-harvest handling, agro-processing, and market access.
The project will also focus on expanding access to improved seeds, strengthening agricultural research and extension services, and establishing a national digital farm and farmer registry.
Farmers are expected to benefit from digital advisory tools, including access to weather and climate information to improve decision-making and productivity.
Country Director of the World Bank in Nigeria, Mathew Verghis, said the initiative aims to empower farmers, attract private sector investment, and improve food systems.
The World Bank projects that the programme will mobilise an additional $220 million in private agribusiness investment.
