HortiNigeria Secures 50% Credit Guarantee and ₦500m Boost for Tomato Farmers

HortiNigeria, with support from the Dutch Fund and IFDC, has achieved a significant milestone by securing a 50% credit risk guarantee for tomato farmers in Nigeria. This move is expected to unlock a ₦500 million special intervention fund for the horticulture sector.

The credit risk guarantee will cover 30-75% of losses within a year, boosting lender confidence and expanding access to credit for agribusinesses. The initiative aims to reduce post-harvest losses in the tomato value chain by promoting the use of plastic crates over traditional raffia baskets, which often lead to significant product damage during transportation.