👥 Section 1 — Your Farmer Profile
💰 Section 2 — Loan Request
Check which Nigerian agricultural loan programs you qualify for — from BOA at 5% to commercial banks. Get instant repayment estimates in Naira.
Nigeria has one of Africa's most active agricultural finance ecosystems. The Bank of Agriculture (BOA), recently recapitalized with ₦250 billion, remains the primary lender for smallholders at just 5% per year. The CBN's Anchor Borrowers Programme has disbursed over ₦1 trillion to more than 4 million farmers, linking smallholders to commodity buyers. NIRSAL's guarantee scheme has unlocked billions in commercial bank lending by absorbing up to 75% of lender risk. AGSMEIS offers 9% loans to agri-entrepreneurs who complete mandatory training.
Visit your nearest BOA branch with a valid ID (NIN or BVN), a simple business plan, and your farm records. BOA's officers will verify your farm and process the application within 4-8 weeks. BOA provides loans starting from ₦100,000 at just 5% per year — the lowest rate available to Nigerian smallholders.
The ABP is a CBN scheme that links smallholder farmers to commodity buyers (anchor companies like mills and processors). Farmers receive inputs (seed, fertilizer) on credit at 9% per year and repay through their harvest proceeds — the anchor company deducts the loan from what it pays for the crop. You must be in a farmer group linked to an anchor company to qualify.
Yes. BOA offers loans without formal collateral for smaller amounts (guarantors accepted). The ABP requires no collateral — your membership in a cooperative group linked to an anchor serves as security. AGSMEIS requires entrepreneurship training rather than collateral. Microfinance banks use group-lending to replace collateral requirements.
NIRSAL (Nigeria Incentive-Based Risk Sharing for Agricultural Lending) doesn't lend directly. It guarantees up to 75% of agricultural loans made by commercial banks. This means if your loan defaults, the bank recovers 75% from NIRSAL — making banks willing to lend to farmers. Ask any commercial bank about their NIRSAL-backed agri-products.
Data sources: CBN Agricultural Credit Guidelines, Bank of Agriculture, NIRSAL, NMFB. Interest rates as of 2025-2026.