Funding Agriculture, Growing Prosperity
The Federal Government of Nigeria established the National Agricultural Development Fund (NADF or “the Fund”) via an act of the National Assembly, known as the National Agricultural Development Fund (Establishment) Act 2022 (Act No 34, 2022).The Fund was established to address the constraints of agricultural finance and to enhance the potentials of the agriculture and food systems; the overall objective being to promote agricultural development and food security in the country.
Limited access to financing has held back agricultural growth and the full potential of the nation’s food systems. NADF was created to bridge this gap and empower a thriving agricultural sector that nourishes Nigeria’s future.
Overarching Goal
To catalyze financing and collaboration across the agricultural sector, unlocking its potential to improve productivity, ensure food security, and drive inclusive socio-economic development.
Mission
Vision
Commitment
Our Values
NADF acts as a catalyst for change, working to:
- Empower Farmers: We bridge the funding gap by creating accessible financial products and loan guarantee programs, tailored to the needs of Nigerian farmers.
- Drive Innovation: We promote the adoption of modern technologies and practices, from precision agriculture to climate-smart solutions, to enhance productivity and efficiency.
- Strengthen the Ecosystem: We invest in research, capacity building, and market information systems, fostering a knowledge-driven agricultural sector.
- Ensure Food Security: We support increased food production across various value chains, contributing to a more secure and stable food supply for Nigeria’s growing population.
Guiding our Actions
To measure our impact and ensure long-term success, NADF is guided by ambitious yet achievable aspirations, panned to be met within 5 years from establishment:
- Aspiring for Amplification: A multiplier effect in capital investment is our goal, maximizing the ripple effect of our efforts across the agricultural sector.
- Reaching Millions: We strive to empower 5 million farmers with the resources they need across five key value chains, fostering a more inclusive and empowered agricultural landscape.
- Boosting Yields, Reducing Losses: We envision a 50% increase in yield rates alongside a significant reduction in post-harvest losses, contributing to overall agricultural productivity and food security.