The National Agricultural Development Fund (NADF) strategically directs funds to invigorate all facets of agriculture in Nigeria, from crops to aquaculture. Our financial programs are designed to support farmers and corporate bodies, boosting food security and reinforcing every aspect of the agricultural ecosystem in line with our vision for sustainable growth.
With a focus on policy and institutional empowerment, the NADF finances the execution of agricultural policies and reinforces institutions. We help nurture state-specific agricultural offices committed to enhancing the food production system across the Federation, embodying our mission to leverage agricultural transformation for socio-economic development.
Our commitment to progress in the agricultural sector is reinforced through financial support for research and capacity building. The NADF provides crucial grants for research, training, and the development of market information systems, ensuring knowledge is expanded and shared in accordance with our goal to be the catalyst for agricultural prosperity.
Dual Focus: Financial & Non-Financial Outcomes
NADF goes beyond just financial returns. We strive for a dual impact, prioritizing both financial sustainability and positive social and environmental outcomes. This includes supporting community development, fostering sustainable farming practices, and protecting the environment.
NADF leverages a diversified strategy to secure funding. We establish specialized sub-funds with targeted focus areas, attracting capital to support a thriving and diversified agricultural sector.
We strategically allocate capital within these sub-funds, utilizing a unique blend of Debt/Equity/Grant. This ensures a balance between:
NADF adopts a flexible approach to maximize impact. We invest in:
To ensure widespread access to financing, we primarily utilize an on-lending model. This channels funding through established financial institutions, allowing them to provide loans to farmers and agribusinesses. We also engage in direct investments to drive growth in strategic agricultural segments.
Smallholder Farmers and Women: They form the backbone of Nigeria's agricultural sector, with 39% of the working population (223 million) employed in agriculture. Of these, women comprise 25% and youth 36%, highlighting the significant role these groups play. NADF prioritizes support for smallholder farmers and women, recognizing their potential to significantly contribute to agricultural productivity and socio-economic development. By empowering them with resources and knowledge, NADF aims to improve livelihoods and reduce poverty, especially for the 50% of Nigerians living below the international poverty line.
Boosting Staple Crops for Food Security and Economic Growth: NADF focuses on cassava, maize, rice, and cowpeas, strategically targeting crops that align with Nigeria's National Development Plan. These crops are:
NADF prioritizes projects that strengthen domestic food security, against projects involving exports. Our goal is to ensure Nigeria's population has reliable access to affordable and nutritious food.
Access to Essentials for Improved Yields: NADF facilitates access to high-yielding, disease-resistant seeds, fertilizers, and pesticides. This equips farmers with the tools they need to improve crop yields and farm outputs. For instance,
Modernizing Agriculture to Increase Efficiency: We support the procurement of modern farm machinery, such as tractors, to enhance farm efficiency and increase the proportion of produce that undergoes processing. Studies show that:
However, the high cost of equipment (e.g., new tractor costing 20 million naira) limits the ability to significantly improve mechanization adoption amongst smallholder farmers.
Building Resilience and Reducing Post-Harvest Losses: NADF invests in critical infrastructure projects to support long-term farm productivity and reduce post-harvest losses. Key focus areas include:
Safeguarding Livelihoods in Times of Crisis: NADF has established a rapid response mechanism to address unforeseen challenges caused by natural disasters or disease outbreaks. This financial support ensures the continuity and recovery of agricultural activities.
NADF is here to empower Nigerian agriculture! We focus on boosting production, helping small farmers thrive, ensuring food security for everyone, encouraging sustainable practices, and backing research for a better agricultural future.
Yes, NADF can provide finance through financial institutions, including microfinance banks, cooperative societies, organizations, farmer groups, and institutions to individual farmers as well as corporate bodies, on appropriate soft terms. Those interested should look out for information on our website and social media handles on available programmes and application process.
Not at all! We support crop production, livestock farming, fisheries, and even agro-processing. Our goal is to see the entire agricultural sector flourish and ensure a stable food supply for all.
NADF is funded through a mix of sources. The government allocates funds, generous donors contribute, loan repayments come back in, and even the agricultural activities we support generate revenue that gets reinvested.