The Bank of Agriculture (BOA) is aware of recent posts and articles circulating online, including on social media and some websites, claiming that applications are open for agricultural loans, grants, and the Renewed Hope National Agricultural Mechanization Program (RHNAMP).

The Bank wishes to clarify the following:

The RHNAMP program is real and targets women, youth, and agro-service companies in line with Nigeria’s food security agenda. However, contrary to some reports, this is not a free program. Applicants are required to meet eligibility criteria and financial commitments under the Bank’s approved support schemes.

Applications for RHNAMP and related programs have long been closed. The Bank is currently in the process of verifying all submitted applications. Further information and updates on successful applicants will be communicated through official BOA channels only.

The Bank does not endorse or recognize unverified links or third-party websites claiming to offer these opportunities. Nigerians are strongly advised to only rely on information published via: The official BOA website: www.boanig.com, verified BOA social media handles.

Any circulation of false or misleading information regarding the Bank’s programs will be treated seriously. The public is warned to exercise caution and report suspicious activities.

We remain committed to transparency, accountability, and supporting Nigerian farmers and agribusinesses through verified programs. Official announcements will always be made through BOA’s verified channels.

Bank of Agriculture – Communications Team
February 2, 2026