{"id":120076,"date":"2025-06-25T20:12:33","date_gmt":"2025-06-25T19:12:33","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=120076"},"modified":"2025-06-25T20:12:33","modified_gmt":"2025-06-25T19:12:33","slug":"nadf-floats-n1-5bn-agric-support-for-1500-smallholder-farmers","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/nadf-floats-n1-5bn-agric-support-for-1500-smallholder-farmers\/","title":{"rendered":"NADF Floats N1.5bn Agric Support for 1,500 Smallholder Farmers"},"content":{"rendered":"<div style=\"text-align: justify;\">By Daniel Adaji<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">The National Agricultural Development Fund (NADF) has launched a N1.5bn agricultural financing initiative to support 1,500 smallholder farmers in Kaduna State, marking the pilot phase of its flagship National Agricultural Development Programme (NADP-1).<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">The fund is being disbursed in partnership with NOVA Merchant Bank and Flour Mills of Nigeria (FMN) Agro and will focus on maize cultivation across 1,500 hectares.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">The announcement was made during a press conference held Wednesday in Abuja.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">Mohammed Ibrahim, Executive Secretary of NADF, said, \u201cToday is a major milestone in the activities of the NADF as we formally launch the National Agricultural Development Programme, NADP-1. The NADP-1 is focused on unlocking finance and market access for smallholder farmers.\u201d<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">According to him, \u201cThis facility has been designed essentially to provide access to finance for our teeming farmer population, to enhance smallholder productivity and profitability and to strengthen agricultural value chains through strategic partnerships such as the one we are having today.\u201d<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">The initiative aligns with the Federal Government\u2019s Renewed Hope Agenda on food security and economic diversification.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">This programme supports national goals; these are food security agenda, rural development, poverty reduction, job creation and economic diversification across the agricultural sector,\u201d Ibrahim added.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">Olalekan Alabi, NADF\u2019s Head of Investment, provided further details: \u201cThe amount involved is N1.5bn. The target is 1,500 farmers, with plans to scale up to 10,000 before the end of this wet season.\u201d<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">Dr Sadiq Usman, Managing Director of FMN Agro, explained that maize was chosen due to its strategic importance. \u201cKaduna produces 20% of Nigeria\u2019s maize and is home to highly productive farmers. It\u2019s a perfect ground for demonstrating how better seeds, nutrition, and agronomy practices can boost yields,\u201d he said.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">To give you context, we are the single largest buyers of maize, soybeans, sorghum, and wheat in Nigeria. A factory without a farm is scrap metal, and a farm without a factory is just wheat,\u201d he added.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">Usman stressed that the project will prioritise three elements essential for farmer productivity: seed, fertiliser, and extension services.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">On NOVA Bank\u2019s role, Esosa Igbineweka, Head of Value Chain Banking, noted, \u201cFMN Agro has to pass through a bank, and as a bank, we have to identify an organisation that can deliver on this mandate.\u201d He said FMN Agro was selected based on its strong track record and capacity to manage smallholder engagement.<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">Uzoma Ayonmike, Group Head of Corporate Banking at NOVA, said, \u201cAgriculture is a cornerstone of national growth. We are proud to be the first financial institution to disburse under the NADF pilot phase.\u201d<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">She added, \u201cThis partnership is not just a transaction. It is a step toward food security, economic inclusion, and sustainable national progress.\u201d<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">Ibrahim called on others to join the effort, stating, \u201cI would like to invite other financial institutions and agribusinesses, development partners, to come and participate, and let\u2019s scale for impact.\u201d<\/div>\n<div style=\"text-align: justify;\">\u200e<\/div>\n<div style=\"text-align: justify;\">The NADP-1 model includes provisions for mechanisation, input access, and market linkages, offering a holistic approach to tackling productivity gaps in the sector.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Daniel Adaji \u200e The National Agricultural Development Fund (NADF) has launched a N1.5bn agricultural financing initiative to support 1,500 smallholder farmers in Kaduna State, marking the pilot phase of&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":120077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-120076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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