Nigeria secures $3m investment in climate-smart agriculture at COP31

Nigeria has secured a $3 million investment in a climate-smart greenhouse farming project in Kano State as part of efforts to attract private-sector investment, strengthen food security, and promote sustainable agricultural production. The project, led by the Bank of Agriculture, the Special Agro-Industrial Processing Zones (SAPZ) programme, and Turkish firm Direkci Group, aims to deploy about 1,000 climate-adapted greenhouses for tomato production.

The agreement, signed at the COP31 climate summit in Türkiye, will provide $1.5 million from the Bank of Agriculture for a structured financing mechanism for participating farmers, while Direkci Group will contribute another $1.5 million in private-sector financing alongside greenhouse technology and installation support. The initiative, which prioritizes women and smallholder farmers, will be reviewed after nine months, with potential commercial expansion valued at a minimum of $30 million.

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