The African Development Bank Group has approved a $200 million loan to promote climate-smart, technology-driven agriculture in Nigeria.
In a statement, the Bank outlined its plans to enhance food security. Boost agricultural productivity, and strengthen value chains across the country.
The funding will support the second phase of the Federal Government’s National Agricultural Growth Scheme – Agro-Pocket (NAGS-AP). This phase aims to expand access to high-quality inputs, modern farming technologies, and data-driven agricultural practices nationwide.
Building on earlier initiatives under the Bank’s African Emergency Food Production Facility, the loan structured as Sector Budget Support. It is design to scale up key agricultural investments and accelerate the adoption of climate-resilient farming systems across Nigeria.
The project is to run for four years, starting in March 2026.
Key Highlights from the Bank
The African Development Bank emphasized that the financing will expand agricultural investments. To improve productivity and add value to priority crops. Lessons from the first phase of the program will guide this second phase to maximize its impact.
“This second phase draws directly from those lessons and successes to scale up impact even further,” said Abdul Kamara, Director General for Nigeria at the African Development Bank.
“By expanding access to quality inputs, digital tools, and climate-smart technologies. We are supporting farmers to improve productivity and resilience,” he added.
“This program will continue to play a critical role in reducing food imports. Boosting local production, and advancing inclusive growth across the country.”
The Bank also noted that the initiative aligns with five key programs. Under Nigeria’s National Agricultural Technology and Innovation Policy framework. These include improving access to inputs, strengthening value chains, revitalizing extension services, promoting digital agriculture, and enhancing data systems
