The Federal Government has allocated N132bn to support farmers and farming activities in 2025.
This allocation made known in the 2025 Appropriation Bill forms part of a broader plan under the National Agricultural Development Fund, aimed at tackling poverty, low productivity, and limited access to resources, which have long hindered agricultural growth in Nigeria.
The NADF, established to drive agricultural development, serves as a critical vehicle for financial support and policy implementation.
Former President Muhammadu Buhari signed the Act establishing the Fund in October 2022.
The NADF Act outlines nine functions, all designed to provide essential financial support to facilitate rapid and sustainable growth across various sectors of agriculture, benefiting citizens nationwide.
One key provision of the Act, detailed in Section 8, Part II, focuses on supporting agricultural development in all aspects, including crop production, livestock, fisheries, poultry, and agroforestry, while prioritizing food security.
The Fund is also tasked with financing the implementation of agricultural policies, strengthening institutions, and providing on-lending opportunities to farmers and corporate bodies through financial institutions such as microfinance banks, cooperative societies, and farmer groups.
