The Bank of Agriculture (BOA) has engaged the National Agricultural Land Development Authority (NALDA) on a proposed strategic partnership to expand agricultural production and improve farmers access to financing ahead of the 2026/2027 dry season.
The meeting brought together the BOA team and the Executive Secretary/Chief Executive Officer of NALDA, Engr. Cornelius Adebayo, alongside his team, to discuss opportunities for collaboration in supporting farmers and increasing agricultural output.
The proposed partnership seeks to combine NALDA’s farm clusters, land development structures and technical expertise with BOA’s financing capacity to help farmers cultivate more land, improve productivity and increase yields during the dry season.
The discussions focused on linking agricultural financing with the essential resources farmers need to produce at scale, including suitable farmland, infrastructure, technical support and access to institutional assistance.
Through the proposed collaboration, both institutions aim to strengthen the connection between financing and actual agricultural production by ensuring that farmers have access not only to funds but also to the land and technical resources required to achieve better results.
Dry-season farming presents an important opportunity to increase food production beyond the main rainy season, improve the utilisation of available agricultural land and strengthen the supply of essential food commodities. However, farmers often require coordinated access to financing, infrastructure and technical guidance to maximise their production potential.
By leveraging NALDA’s agricultural development structures and BOA’s financial services, the proposed partnership is expected to support the expansion of cultivation, encourage greater farmer participation and contribute to improved agricultural productivity.
The initiative also reflects BOA’s broader commitment to making agricultural finance more effective by connecting funding with practical production needs across the agricultural value chain.
The bank stated that the engagement forms part of its commitment to advancing the Renewed Hope Agenda of President Bola Ahmed Tinubu, GCFR, particularly its objectives of strengthening food security, expanding agricultural production and supporting farmers across Nigeria.
As preparations for the 2026/2027 dry season continue, collaboration between agricultural financing institutions and land development agencies remains important to unlocking the potential of Nigeria’s agricultural resources, improving farmers livelihoods and building a more resilient food system.
