World Bank Approves $500 Million Boost for Nigeria’s Agricultural Sector to Drive Food Security and Jobs

The World Bank has approved a $500 million funding package to support Nigeria’s agricultural sector, aiming to enhance productivity, strengthen food systems, and create jobs across the country.

The financing, provided through the International Development Association, will fund the Nigeria Sustainable Agricultural Value Chains for Growth project, widely known as AGROW, which focuses on empowering smallholder farmers and improving market access.

According to the World Bank, the initiative is designed to increase agricultural output, strengthen value chains, and improve food and nutrition security, particularly in rural communities where farming remains a key livelihood.

Despite being Nigeria’s largest employer, agriculture continues to face structural challenges, including limited infrastructure, poor market linkages, and low productivity, which the new investment seeks to address.

Approved on March 30, 2026, the project is expected to play a significant role in modernizing Nigeria’s agricultural sector and supporting long-term economic growth.

Swifteradio.com

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