Renewed Hope For Nigerian Agriculture at Bank of Agriculture | Link to Apply
The Bank of Agriculture (BOA) and Heifer International have partnered to launch the Renewed Hope National Agricultural Mechanization Program (NAM-P) — a landmark initiative aimed at financing 2,000 tractors and 9,000 implements to empower youth and women agripreneurs across Nigeria.
About the Bank of Agriculture (BOA)
The Bank of Agriculture is Nigeria’s premier development finance institution dedicated to driving growth in the agricultural sector.
Established to provide financial support for farmers and agribusinesses, BOA offers a range of credit facilities, agricultural loans, and capacity development programs.
Its mission is to promote rural prosperity, strengthen food security, and encourage sustainable agricultural practices throughout the country.
Through innovative financing and partnerships, BOA continues to play a pivotal role in transforming Nigeria’s agricultural landscape.
About Heifer Nigeria
Heifer Nigeria is the national branch of Heifer International, a global nonprofit organization working to end hunger and poverty through sustainable agriculture and community empowerment.
In Nigeria, Heifer focuses on advancing agricultural innovation, supporting smallholder farmers, and empowering youth and women to become leaders in agribusiness.
The organization promotes digital agriculture, access to mechanization, and scalable solutions that strengthen food systems and livelihoods.
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About the Renewed Hope National Agricultural Mechanization Program (NAM-P)
In collaboration with Heifer Nigeria, the Bank of Agriculture is implementing the Renewed Hope National Agricultural Mechanization Program — a transformative project designed to make modern mechanization tools affordable and accessible to Nigerian farmers.
This program seeks to:
- Boost national agricultural productivity by expanding mechanization coverage.
- Empower women, youth, and mechanization enterprises through inclusive access to financing.
- Facilitate sustainable ownership and operation of tractors and implements under a Pay-As-You-Go (PAYG) model.
Under this partnership, BOA and Heifer have developed a financing framework to manage 2,000 tractors procured by the Federal Government of Nigeria, ensuring long-term operational efficiency and economic inclusion.
Program Benefits
Participants in the NAM-P initiative will enjoy:
- Preventive maintenance and technical support through nationwide mechanization hubs.
- Digital tracking and management using advanced IoT (Internet of Things) technology.
- Flexible repayment options based on usage and income generation.
Eligible Participants
Applications are open to:
- Women in Mechanization
- Youth in Mechanization (Ages 18–35)
- Registered Mechanization Companies
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Lease Features and Conditions
- Lease Duration: 3–5 years
- Interest Rate: 15% per annum
- Down Payment: 25% of equipment value
Special Terms for Women and Youth
Women and youth applicants will have access to preferential terms and support, including capacity-building programs, business mentorship, and simplified repayment structures designed to ensure long-term success.
Applicants will be evaluated based on eligibility criteria outlined in the official application form. Successful candidates will be notified via email and/or SMS.
Application Deadline: November 10, 2025
Apply Here
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