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. At the COP31 climate summit in Türkiye, the Minister of Agriculture and Food Security, Abubakar Kyari, witnessed the signing of a memorandum of understanding for the pilot greenhouse project, a collaboration between the Bank of Agriculture, the Special Agro-Industrial Processing Zones programme, and Turkish firm Direkci Group.

The $3 million investment will bring together $1.5 million from the Bank of Agriculture for a structured financing mechanism for participating farmers, $1.5 million from Direkci Group in private-sector financing, and greenhouse technology, engineering, installation, and technical support. The project aims to modernize agricultural production and create wealth for Nigerians by prioritizing women and smallholder farmers.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.