Nigeria Secures $134M Loan from AfDB to Aid Farmers
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Senator Abubakar Kyari, Nigeria's Minister of Agriculture and Food Security
The Federal Government of Nigeria has obtained a $134 million loan from the African Development Bank (AfDB) to support farmers in improving seed and grain production.
The announcement was made by the Minister of Agriculture and Food Security, Senator Abubakar Kyari, during the launch of the 2024/2025 National Dry Season Farming in Calabar. The event was attended by Cross River State Governor Bassey Otu, represented by Deputy Governor Peter Odey.
The initiative, part of the National Agricultural Growth Support Scheme-Agro Pocket (NAGS-AP) Project, aims to strengthen year-round farming practices and ensure food security. Senator Kyari emphasized the government's commitment to using agriculture as a tool for economic recovery by boosting the production of key staples such as rice, maize, wheat, and cassava during both dry and wet seasons.
With the federal government’s food production emergency declaration, this loan is expected to make quality and nutritious food more affordable for Nigerians.
Source: Federal Ministry of Agriculture and Food Security (FMAFS)
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