The National Agricultural Development Fund (NADF) is ramping up efforts to create jobs and boost Nigeria’s GDP by expanding financing for the agricultural sector.
At NADF’s first Networking Session with Fund Managers, Executive Secretary Mohammed Ibrahim said the Fund was established to close funding gaps and make agriculture more attractive to investors. The event, themed “Unlocking Agribusiness Financing in Nigeria: NADF as a Catalytic Partner,” focused on mobilizing long-term capital for agribusiness.
Ibrahim highlighted NADF’s use of structured lending and blended finance to support farmers, mitigate investment risks, and grow the agri-food value chain, aligning with the government’s Renewed Hope Agenda.
Key initiatives include support for 12,000 women cassava farmers, a climate-finance and insurance partnership, and the launch of AgGrow, a digital platform tracking subsidies and crop activities nationwide.
“These programs aim to raise yields, attract private capital, and create thousands of jobs while boosting agriculture’s contribution to GDP,” Ibrahim said.
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