BOA Enhances Support for Women Farmers in Nigeria

The Bank of Agriculture (BOA) is intensifying its support for women farmers by expanding access to agricultural finance and inputs to enhance production and livelihoods. A statement released on Monday outlined the bank's efforts to tackle barriers such as limited access to finance, technology, and markets that women farmers face.

The Food and Agriculture Organisation estimates that women constitute up to 70% of Nigeria's agricultural workforce, indicating a largely untapped potential for their contributions. The World Bank's data reveals that only 3% of female farmers are formally enrolled in financial systems, compared to 10% of male farmers.

Ayodeji Sotinrin, Managing Director and CEO of BOA, emphasized the need for agricultural finance to encompass more than just credit, advocating for a comprehensive support system that includes access to inputs and mechanization. Recently, BOA engaged women farmers in Bwari Area Council, Federal Capital Territory, to support their farming activities, reflecting a commitment to understanding and addressing the realities faced by farmers.