FG Agricultural Grant & Loan NAMP Application Form - Apply Now
About the Initiative
The Bank of Agriculture (BOA), in partnership with Heifer Nigeria, is pleased to announce the launch of the Renewed Hope National Agricultural Mechanization Program (RHNAMP) - a transformative tractor financing and management program designed to expand access to affordable mechanization services across Nigeria.
- The Renewed Hope National Agricultural Mechanization Program (RHNAMP) aims to strengthen Nigeria’s food security agenda by empowering a new generation of mechanization service providers, particularly women, youth, and mechanization companies, with access to tractors and implements that can transform agricultural productivity and rural livelihoods.
Each beneficiary will receive a fully equipped tractor, supported by access to:
- Preventive maintenance and technical support through mechanization hubs,
- Digital tracking via IoT technology, and
- Flexible repayment linked to usage and income generation.
About BOA
With a legacy rooted in supporting Nigeria’s agricultural transformation, The Bank of Agriculture (BOA) Limited has been a trusted partner to farmers, agribusinesses, and rural entrepreneurs since 1973.
Backed by the Federal Government - through a 60% ownership by the Ministry of Finance Incorporated (MOFI) and 40% by the Central Bank of Nigeria (CBN) - BOA is strategically positioned to mobilize resources, empower stakeholders, and unlock the full potential of Nigeria’s agricultural economy.
- Bank of Agriculture is Nigeria’s Leading Agricultural Finance Institution. Incorporated as the Nigerian Agricultural Bank (NAB) in 1972, but became operational in 1973 plays a pivotal role in financing agricultural growth across the country.
For individual Applications
Must be a Nigerian citizen or registered agribusiness operating in the agricultural sector.
Must have access to contiguous farmland or a defined farmer service cluster (minimum of 350 hectares in total aggregation per tractor).
Must demonstrate the capacity to manage equipment operations.
- Must possess a valid business plan outlining service coverage, pricing, and expected revenue.
- Must provide evidence of financial capacity or equity contribution toward the lease.
- Must commit to regular repayment under the BoA financing model.
- Must agree to digital tracking and monitoring of tractor performance
For Organization
- Be a registered business operating in Nigeria.
- Demonstrate access to contiguous farmland or organized farmer clusters (minimum of 500 hectares within a 50km radius per tractor).
- Possess or commit to employing trained tractor operators and booking agents.
- Have an operational base or service location within an agricultural production zone.
- Demonstrate the capacity to manage repayments through mechanization income streams.
Provide evidence of:
- Business registration (CAC certificate) or cooperative registration documents.
- Tax Identification Number (TIN).
- Bank account statement or proof of financial capability.
- Be willing to adopt a digital tracking system for monitoring tractor use and repayment.
- Commit to training participation for operators and technicians.
How to Apply
Interested applicant can apply via this link
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