AfDB Approves $200M Loan for Nigeria's NAGS-AP
Analysis based on 15 articles · First reported Feb 14, 2026 · Last updated Feb 17, 2026
The $200 million loan approval by the African Development Bank to Nigeria is expected to positively impact agricultural markets by boosting local food production and reducing import dependence. This could lead to increased stability in food prices and improved economic resilience for Nigeria.
The African Development Bank Group has approved a $200 million loan to Nigeria to support the second phase of the Federal Government's Nigeria===National Agricultural Growth Scheme - Agro-Pocket (NAGS-AP). This initiative aims to significantly boost Nigeria's food security by increasing wheat production fivefold and rice output by 20 percent. The funding will expand farmers' access to quality inputs, modern technology, and climate-smart agricultural practices, building on the successes of the first phase which saw a tripling of national wheat output. The four-year project, commencing in March 2026, will also strengthen agricultural value chains, revitalize extension services, and enhance digital agriculture systems, aligning with Nigeria's National Agricultural Technology and Innovation Policy. This investment is crucial for Nigeria's economy, where agriculture employs 38% of the workforce and contributes a quarter of the GDP, addressing challenges like limited input access, weak land tenure, and climate stress.
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