Au Nigéria, le secteur agricole fait face à plusieurs structural challenges that hamper the ability of actors to meet the food needs of internal. For this reason, the Minister of Agriculture and Food Security, Abubakar Kyari announced on Saturday, June 21, last Saturday, June 21, that the government intends to allocate 1.5 trillion naira ($968 million) as part of a process to recapitalize the Bank of

The envelope provided by the Government of Nigeria is supposed to improve producers' access to agricultural credit and other financial services. The final objective is to increase investments in means of production in order to increase the food supply in the country where the agricultural sector is still struggling to attract bank financing. Apart from allocating this amount to BoA, the Minister of Agriculture and Food Security indicated that 200 billion naira will also be dedicated to improving food security and strengthening the capacities of producers on the national territory

The government's latest announcement is part of a broader support for agriculture, renewed in the 2025 budget. For this fiscal year, the authorities decided to allocate a record budget of 2.23 trillion naira ($1.4 billion) to the agricultural sector, an increase of 123% compared to the amount spent a year earlier (996 billion naira) and more than five times the sum posted in 2023 (344.6 billion naira)