Outline:
Immediate Disbursement of N250 Billion for Smallholder Farmers
The Nigerian government has taken a significant step to support smallholder farmers by directing the immediate disbursement of N250 billion. This initiative is aimed at providing credit support to farmers at a single-digit interest rate, ensuring that they receive the necessary financial assistance to boost agricultural production.
Vice President Kashim Shettima issued this directive to the Presidential Food Coordinating Unit (PFSCU), emphasizing the need for rapid implementation. He urged the unit to collaborate with relevant agencies to ensure that the loan is disbursed efficiently and reaches the intended beneficiaries. The goal is to avoid delays and ensure that the funds translate into real production and economic gains for the farmers.
Key Steps and Implementation Strategy
At the 6th meeting of the PFSCU’s steering committee held on Thursday, September 11, 2025, in Abuja, Shettima outlined the importance of designing a clear implementation strategy. He stressed the need for stakeholders to create guidelines that ensure transparency and accountability in the distribution process. This includes verifying that the right farmers receive the funds and that the money is used effectively to enhance food security.
Shettima also commended President Bola Tinubu for his political backing of the scheme, which focuses on priority reforms such as the liberation of fertiliser raw materials and the Presidential Seed Fund. He highlighted that the PFSCU’s work demonstrates the potential for Nigeria to move swiftly from intention to delivery when various sectors align their efforts.
Collaboration and Transparency
Governors from different states have emphasized the need for transparency in the disbursement process. Ekiti State Governor Biodun Oyebanji called for the establishment of a structure to ensure that the N250 billion credit facility reaches its intended beneficiaries. Similarly, Jigawa State Governor Umar Namadi acknowledged the efforts of the Bank of Agriculture but underscored the importance of subsidies for local farmers.
Shettima also encouraged deeper collaboration among stakeholders to revive the seed sector and grow a strategic grain reserve through ongoing federal reforms. This approach aims to strengthen the agricultural foundation of the country and ensure long-term food security.
Addressing Food Security Challenges
Marion Moon, one of the scheme’s coordinators, highlighted the urgency of safeguarding Nigeria’s food security gains. She pointed out that 30.8 million Nigerians remain food insecure, underscoring the critical need for effective interventions. Moon noted that the PFSCU has achieved significant milestones in boosting coordination and collaboration with ministries, departments, and agencies across all levels of government.
This initiative comes alongside other intervention programs aimed at expanding the economy and empowering small businesses. The government continues to focus on creating an environment where entrepreneurs can thrive and contribute to national development.
Support for MSMEs
In addition to the agricultural initiatives, the Federal Government has extended support to Micro, Small, and Medium Enterprises (MSMEs). Vice President Kashim Shettima unveiled a state-of-the-art information, communication, and technology center for MSMEs in Cross River State. This initiative is part of the administration’s broader effort to equip entrepreneurs with tools and skills necessary for success.
During the 8th Expanded National MSME Clinics, federal government agencies such as the Corporate Affairs Commission (CAC), National Agency for Food and Drug Administration and Control (NAFDAC), Business Registration and Investment Office (BOI), and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) came together to address the challenges faced by business owners on-site.
Grants and Funding Opportunities
Each outstanding MSME at the unveiling received an unconditional grant of N250,000. This fund is not a loan but a gift meant to accelerate the growth of these enterprises. Additionally, the Development Bank of Nigeria (DBN) partnered with Intermarc Consulting to launch the DBN Entrepreneurship Training Programme (ETP) 2025. This program offers funding opportunities of up to ₦5 million, along with mentorship, training, and networking support.
The initiative targets entrepreneurs in Nigeria’s North-East, where access to funding and sustainable growth opportunities remains a challenge. By providing these resources, the government aims to foster innovation and resilience within the MSME sector, contributing to overall economic development.