Strengthening Nigeria’s Food Systems Through Unified Agribusiness Policy
With Strategic Support from the Bank of Agriculture
The official launch of the National Agribusiness Policy Mechanism (NAPM) by the Presidential Food Systems Coordination Unit (PFSCU) marks a significant milestone in Nigeria’s commitment to transforming its food and agriculture landscape.
Held under the theme: “One Nigeria. Unified Food Policy. Shared Prosperity,”. This landmark initiative is a call for coordinated national action toward a secure, resilient, and inclusive agricultural economy.
The NAPM serves as a national framework to harmonize food policies, foster innovation across the value chain, and promote synergy between stakeholders at all levels of government and private enterprise. It underscores the Federal Government’s agenda to leverage agriculture as a tool for economic recovery, job creation, and national food sovereignty.
The Strategic Role of the Bank of Agriculture (BOA)
At the heart of this agricultural revolution is the Bank of Agriculture (BOA)—Nigeria’s apex agricultural finance institution—whose role is central to ensuring the success of the NAPM. As a key implementing and financial partner, BOA is committed to delivering accessible, inclusive, and innovative financial services that empower farmers, agripreneurs, and rural enterprises.
BOA’s Roles and Responsibilities in Supporting NAPM:
- Access to Affordable Credit:BOA will scale up its efforts to provide low-interest, collateral-friendly financing to smallholder farmers, youth-led agribusinesses, women cooperatives, and large-scale value chain operators to drive productivity and investment in agriculture.
- Financial Inclusion & Rural Empowerment:By extending branch networks and digital services, BOA will deepen financial inclusion in underserved communities, giving more farmers the financial tools to expand their agribusiness operations sustainably.
- Capacity Building & Advisory Services:Through partnerships with PFSCU and other stakeholders, BOA will implement training programs that build capacity in financial literacy, business planning, agri-tech adoption, and climate-smart agriculture practices.
- Facilitating Mechanization & Value Addition:BOA will work to finance access to modern farming equipment, agro-processing infrastructure, storage systems, and logistics to minimize post-harvest losses and boost value addition.
- Partnerships with State Governments and Cooperatives:BOA will collaborate with sub-national governments, farmers’ associations, and commodity boards to structure localized financing models that align with the goals of the NAPM.
- Monitoring and Impact Evaluation:To ensure accountability and effectiveness, BOA will support PFSCU in tracking the impact of funded projects, evaluating performance indicators, and refining approaches to improve outcomes across regions.
A Vision of Shared Prosperity
The NAPM is more than a policy—it is a national movement. It is a commitment to feed our nation, empower our people, and strengthen our economy. With PFSCU providing coordination and oversight, and institutions like the Bank of Agriculture leading financial empowerment, Nigeria is on a path to food security, inclusive growth, and global agricultural relevance.
BOA’s unwavering support for this policy underscores its mission to be the financial engine powering the future of Nigerian agriculture.
Together, we plant hope, harvest progress, and grow prosperity.
