Benue, Nasarawa, Ogun, Edo farmers to benefit from FG equipment leasing scheme
Smallholder farmers in Benue, Nasarawa, Ogun, and Edo states will benefit from a new FG equipment leasing scheme, boosting food production and security. Read More: https://punchng.com/benue-nasarawa-ogun-edo-farmers-to-benefit-from-fg-equipment-leasing-scheme/
The Nigerian government, through the Equipment Leasing Registration Authority (ELRA) and Heifer Nigeria, has announced a new partnership to provide affordable farming equipment to smallholder farmers in Benue, Nasarawa, Ogun, and Edo states. This two-year Memorandum of Understanding, effective August 15, 2026, to August 14, 2028, aims to improve food production, strengthen agricultural value chains, and enhance Nigeria's food security.
The initiative will enable farmers, cooperatives, women, and young agripreneurs to access tractors, irrigation systems, processing equipment, and other modern machinery using flexible leasing and lease-to-own models, without the high initial costs associated with outright purchases. ELRA's Registrar and CEO, Donald Wokoma, highlighted the significance of this agreement in advancing agricultural financing and reducing the barriers to increased food production.
Heifer Nigeria's Country Director, Lekan Tobe, emphasized the partnership's focus on empowering smallholder farmers to transition from subsistence farming to sustainable prosperity, ultimately contributing to Nigeria's food security objectives.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
