500 Million World Bank Boost to Transform Nigerian Agriculture

The World Bank has announced a major investment of $500 million to strengthen Nigeria’s agricultural sector, aiming to modernize farming, improve market access, and increase food security across the country. The funding will support programs that empower smallholder farmers and enhance the efficiency of agricultural value chains.

Under the initiative, agribusinesses partnering with local farmers will receive financial incentives to improve crop storage, processing, and distribution. Efforts will also focus on introducing climate-resilient seeds, advancing agricultural research, and implementing a national digital registry to track farms and farmers for better planning.

The programme is projected to benefit over one million farmers, create thousands of jobs, and attract private sector investment to rural areas. Digital tools will provide farmers with weather updates and advisory services, helping them make informed decisions to boost productivity.

Officials say this project marks a significant step toward transforming Nigeria’s farming sector into a more sustainable and profitable industry, reducing rural poverty and tackling food insecurity nationwide.