{
  "id": 19682839,
  "title": "COP31: Nigerian Bank of Agriculture Seeks Climate Funding to Support Agricultural Adaptation Projects",
  "url": "https://urgent.news/2026/11/12/cop31-nigerian-bank-of-agriculture-seeks-climate-funding-to-support",
  "topic": "world",
  "section": "World",
  "published": "2026-11-12T17:04:08.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/11/12/cop31-nigerian-bank-of-agriculture-seeks-climate-funding-to-support-agricultural-adaptation-projects/"
  },
  "original_language": "en",
  "account": "The Bank of Agriculture (BOA) is lobbying for greater climate financing from developed nations to back agricultural adaptation projects in Nigeria and across Africa. At the COP31 climate conference in Antalya, Turkey, BOA Managing Director and CEO Ayo Sotinrin highlighted the need for more financial support to tackle the impacts of climate change on agriculture. BOA plans to introduce electric cargo tricycles and solar-powered irrigation systems to boost farmers' productivity. The electric tricycles can transport 2,000kg of produce in a single trip, compared to 50kg by fossil-fuel-powered motorcycles. BOA also aims to expand solar-powered irrigation through pumps with one to five horsepower, enabling farmers to cultivate their land at least three times annually, potentially increasing productivity by up to 300 percent. Sotinrin called for renewed commitments from world leaders, citing that previous climate financing promises have not been fulfilled and existing commitments are insufficient to keep global warming below 2.5 degrees Celsius. He emphasized the need for increased funding from the Global North to Africa through blended financing instruments, such as grants, commercial capital, and development finance, to support climate adaptation projects. The BOA has also digitized many of its processes to make funding more accessible to farmers, but has shifted away from providing microcredit directly to individual farmers, instead channeling loans through cooperatives, farmer aggregation companies, microfinance banks, and commercial banks.",
  "summary": "Chiemelie Eze in Antalya, Türkiye The Bank of Agriculture (BOA) has called for increased climate financing from developed countries to support agricultural adaptation projects in Nigeria and across Africa, while",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}