BOA, AFAN to Finance 400,000 Farmers for 2026 Dry-Season Farming
The Bank of Agriculture (BOA) has partnered with the All-Farmers Association of Nigeria (AFAN) to provide dry-season farming financing for 400,000 farmers ahead of the 2026 dry-season farming cycle.
The initiative is being implemented under BOA’s Renewed Hope Smallholder Support and Value Chain Fund and is designed to improve farmers’ access to agricultural financing, inputs and irrigation equipment while supporting year-round food production.
What Farmers Can Benefit From
Eligible farmers may gain access to financing for dry-season production, approved agricultural inputs and irrigation toolkits/equipment to help reduce dependence on rainfall.
The programme is particularly relevant to farmers who have land available for dry-season cultivation and can provide verifiable information about their farming activities.
“Our responsibility is to ensure that farmers who are ready and able to produce have access to the financing, inputs and irrigation equipment they need to do so.” — Ayo Sotinrin, BOA Managing Director
How to Benefit: Step-by-Step
1. Connect with AFAN: Farmers should engage with their AFAN network or local farmer association to express interest in the programme.
2. Provide your farm details: AFAN will identify participating farmers and collect information such as location, commodity, farm size and proposed dry-season acreage.
3. Ensure your information is verifiable: Farmers should have accurate details about their farming activities, land and proposed production plans because participants will undergo verification and due diligence.
4. Farmer aggregation: AFAN will identify suitable Farmer Aggregation Companies (FACs) with verifiable farmer networks and the capacity to coordinate farmers.
5. Credit assessment: BOA will assess participating farmers and aggregation companies in line with its financing requirements.
6. Receive approved support: Successful applicants can access approved financing, agricultural inputs and irrigation support through the designated FACs.
Who Should Pay Attention?
The opportunity is especially relevant to smallholder farmers, crop farmers, and organized farmer groups preparing dry-season production.
Participation is not automatic. Farmers and aggregation companies must satisfy BOA’s verification, due diligence, and credit-assessment requirements.
The BOA-AFAN dry-season farming programme could help thousands of Nigerian farmers increase production beyond the rainy season. Farmers interested in benefiting should connect with their AFAN network or recognised farmer association and prepare accurate farm and production information for verification.
