Nigeria’s agricultural sector is set for a major boost as the Federal Ministry of Agriculture and Food Security, working with the National Agricultural Development Fund (NADF), has unveiled new plans to attract more private investment into farming.
The initiative, announced after the Africa Food Systems Forum, will focus on solving one of the sector’s biggest problems—post-harvest losses, which currently waste up to 60% of produce in some value chains.
NADF Executive Secretary, Mohammed Ibrahim, explained that the project will provide policies and tools that give investors confidence. This includes concessionary loans, guarantees, and blended financing options designed to reduce risks.
One of the flagship schemes, the AgGrow Project, will help agro-processors with subsidized inputs to link farmers more directly with factories.
The aim is to cut wastage, stabilize food prices, and strengthen supply chains.
The plan also includes building rural storage facilities so farmers can preserve produce longer and introducing affordable loans for seed companies. Mechanization and irrigation are also top priorities to ensure year-round farming.
“This is not our grandfather’s agriculture,” Ibrahim said. “It is a business that can drive national growth.”
The move has already caught the attention of international investors and is expected to deepen private sector confidence in Nigeria’s agribusiness sector.
