The World Bank has approved a $500m loan to support Nigeria’s agricultural sector under the AGROW programme.
The project aims to boost smallholder farmers’ productivity, strengthen value chains, and improve food security, focusing on key crops like rice, maize, cassava, and soybeans.
According to Country Director Mathew Verghis, the initiative could benefit up to one million farmers and attract private investment.
The six-year programme (2026–2032) is expected to enhance agribusiness growth, create jobs, and improve resilience to climate shocks.
