GERMANY-FUNDED PROGRAMME DISBURSES N61BN TO NIGERIAN FARMERS

A Germany-funded agricultural programme has disbursed N61bn to Nigerian farmers as part of efforts to support agricultural production and strengthen food security.

The funding is aimed at providing farmers with financial support and resources to improve productivity, expand their operations and strengthen their ability to participate in agricultural value chains.

The programme is part of broader development cooperation between Germany and Nigeria, with agriculture identified as an important sector for economic development and food security.

The intervention comes amid efforts by stakeholders to increase domestic food production and reduce the impact of rising food prices on households.

Agricultural producers in Nigeria continue to face challenges including high input costs, limited access to financing, inadequate infrastructure and difficulties accessing markets.

Funding programmes such as this are expected to help address some of these constraints by improving farmers’ access to capital and other forms of support.

The initiative also seeks to strengthen the participation of smallholder farmers in formal agricultural markets and improve their earning opportunities.

Stakeholders have continued to call for greater investment in agriculture, particularly in areas such as irrigation, storage, transportation, processing and affordable financing.

The disbursement of the N61bn is expected to support farmers across participating agricultural value chains while contributing to broader efforts to improve food production and strengthen Nigeria’s agricultural sector.