Nigeria Secures ¥12 Billion JICA Credit Facility to Boost Agriculture

April 1, 2025

3 minutes read

Nigeria JICA agriculture loan

The Federal Government of Nigeria has secured a ¥12 billion (₦123.2 billion) credit facility from the Japan International Cooperation Agency (JICA) to support sustainable and resilient agriculture under the National Agricultural Growth Scheme and Agro-Pocket (NAGS-AP).

Key Focus Areas of the Loan

The Minister of Agriculture and Food Security, Senator Abubakar Kyari, announced the deal during a meeting with JICA’s Economic Development Department, led by Director General Takao Shimokawa, in Abuja.

The loan will be used for three critical areas:

  1. Enhancing rice seed quality through research and breeding disease-resistant, high-yield varieties.
  2. Improving farm input delivery and quality extension services to empower smallholder farmers.
  3. Encouraging private sector participation in the production of agricultural inputs.

The National Cereal Research Institute (NCRI), Badeggi, Niger State, will lead the rice seed production project, working alongside the National Agricultural Seed Council (NASC).

Expanding Agricultural Reach

The JICA-funded initiative will be implemented across 14 states:  Nasarawa,  Benue, Osun. Ogun, Kogi,  FCT, Taraba, Jigawa,  Edo, Anambra, Ebonyi, Cross River, Gombe,  Kebbi

This project aims to bridge the gap between research and practice, equipping farmers with modern agricultural knowledge and skills.

Technology and Innovation in Agriculture

The Nigerian government will leverage technology to improve extension services, including:

  • Mobile applications to provide real-time updates on weather, market prices, and pest outbreaks.
  • Technical training for farmers under the Smallholder Horticulture Empowerment and Promotion (SHEP) project (2020–2024).

DON’T MISS THIS: China, Japan, and South Korea Strengthen Trade Ties Amid Looming U.S. Tariffs

Commitment to Food Security

Senator Kyari emphasized that this initiative is not just a project but a commitment to Nigeria’s food security and agricultural resilience.

“By working with JICA, researchers, NGOs, and farmers, we can build a sustainable agricultural system that guarantees food security for all Nigerians.”

Japan’s Support for Nigeria’s Agriculture

JICA’s Director General, Takao Shimokawa, reaffirmed Japan’s dedication to Nigeria’s agricultural growth, especially in rice production, stating:

“Nigeria, as Africa’s largest rice producer, will benefit from our new grant project, which includes providing modern rice production machinery.”

JICA has already made its first disbursement of the loan and will now focus on monitoring and supervising fund utilization.

Why This Matters

  • Strengthens Nigeria’s food security amid rising global food challenges.
  • Boosts local rice production and reduces dependence on imports.
  • Encourages private sector involvement in agricultural input production.
  • Deepens Nigeria-Japan economic ties for long-term agricultural growth.

Next Steps

  • Implementation of emergency food security measures
  • Deployment of mobile tech for real-time farming insights
  • Procurement of modern rice production machinery

With Japan’s long-term partnership, this initiative is set to transform Nigeria’s agricultural landscape and economic sustainability.

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

Labake Olododo Shines at Nigerian Box Office, Grossing ₦50.4 Million in Opening Weekend

Iyabo Ojo’s Latest Film Dominates Nollywood in 2025 Nollywood’s newest blockbuster, Labake Olododo, has made ...

Jim Ovia Freedom of the City of London

Tinubu Congratulates Jim Ovia on Freedom of the City of London Honor

President Bola Tinubu has extended warm congratulations to Jim Ovia, the founder and chairman of ...

Crude oil prices

Crude Oil Prices Rise as Trump Warns of Tariffs on Russia and Iran

Crude oil prices surged on Monday following former U.S. President Donald Trump’s threats to impose ...

Tether’s Bitcoin holdings

Tether’s Bitcoin Holdings Surge Past $8.29 Billion After $735 Million Q1 Purchase

Tether’s Bitcoin holdings have reached a staggering $8.29 billion following its latest acquisition of 8,888 ...

Latest News

Today in History

April 3rd is the day in 1975 that Bobby Fischer refuses to play in a chess match against Anatoly Karpov, giving Karpov the title of World Champion by default.

Exchange Rate Per Dollar

AM Armenian Dram390.897
GH Ghana Cedi15.4951
GM Gambian Dalasi72
GN Guinea Franc8,650.34
NG Nigerian Naira₦1,537.26
CF CFA Franc BEAC596.8653
03 Apr · CurrencyRate · USD
CurrencyRate.Today
Check: 03 Apr 2025 07:05 UTC
Latest change: 03 Apr 2025 07:00 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?