Nigeria Secures $500m World Bank Loan to Boost Agriculture Sector

Nigeria's Agriculture Minister, Abubakar Kyari, announced a $500 million World Bank loan to accelerate growth and investment in the country's agriculture value chain. The loan aims to support President Bola Tinubu's agenda for food security, job creation, and rural industrialization.

The initiative will target smallholder farmers, strengthen market linkages, and promote the participation of youth and women in agribusiness. The project also aims to enhance Nigeria's agricultural competitiveness, boost export potential, and attract private sector investments.