Youth Agricultural Revolution in Nigeria - The Bank of Agriculture (BOA) is a government-backed bank, that provides loan facilities to farmers and other agro-allied businesses.

The job of the BOA includes:

Provision of credit to support agricultural activities across the value chain
Provision of non-agricultural microcredit
The mobilization of savings
Agriculture related capacity building

The BOA fulfills its role as the leading agricultural bank in Nigeria — with the help of over 201 retail outlets nationwide, 6 zonal offices and its headquarters in Kaduna.

The BOA partners with several other development finance institutions (DFIs) such as the Bank of Industry (BOI), the Central Bank of Nigeria (CBN) and the Development Bank of Nigeria (DBN).

Funding and types of loans available through the Bank of Agriculture
Agro-Processing Facility

The BOA’s Agro-Processing Facility, provides funds for the establishment of cottage or urban agro processing businesses.
Agro-processing is a key part of the agricultural value chain. Through this facility, the BOA seeks to help ensure national food security and to reduce post-harvest loss.

Youth Agricultural Revolution in Nigeria (YARN)

The YARN credit facility was established to encourage youths across Nigeria, to get involved in agribusiness. A maximum of N1 million can be advanced, attracting an interest rate of 12%.

Collateral is not required for this scheme, however personal guarantors are needed.

Beneficiaries are required to be small holders as stipulated under the — Nigeria Incentive Risk Sharing for Agricultural Lending (NIRSAL) guidelines.

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