The Bank of Agriculture (BOA) has opened its application portal for Nigerians interested in the National Agricultural Mechanization Programme (NAMP), a federal initiative created to support smallholder farmers, youth, and women with access to mechanized farming tools and agricultural financing.
The programme aligns with the Federal Government’s Renewed Hope Agenda, focusing on food security, job creation, and the modernization of Nigeria’s agricultural sector.
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About the Programme
The Bank of Agriculture Programme is designed to boost mechanized farming and empower rural farmers by providing affordable access to tractors, implements, and financial support. It operates under a Pay-As-You-Go (PAYG) model, allowing beneficiaries to use farm machinery and pay back gradually, making mechanization accessible and sustainable.
This initiative is implemented in partnership with Heifer Nigeria, ensuring that digital tools and transparent monitoring systems are used to track equipment, measure productivity, and guarantee accountability.
Key Features of the Bank of Agriculture Programme
Loan Duration: 3–5 years flexible repayment plan
Interest Rate: 15% per annum
Initial Deposit: 25% of total cost
Target Groups: Farmers, Youth (18–35 years), and Women in Agribusiness
Support Services: Equipment maintenance, mechanization hubs, and digital tracking systems
These features are tailored to support both smallholder and large-scale farmers while ensuring smooth repayment and reliable service delivery.
Eligibility Requirements
To qualify for the Bank of Agriculture Programme, applicants must:
- Be actively involved in farming or an agriculture-related business
- Be a registered member of a cooperative or farmer association
- Have a valid means of identification such as National ID, Voter’s Card, or Driver’s License
- Show proof of farmland or agricultural business ownership
- Be between 18 and 60 years old
Special preference is given to youth and women applicants in line with the inclusiveness goal of the Renewed Hope Agricultural Mechanization Drive.
How to Apply for the Bank of Agriculture Programme
Follow these steps carefully to complete your application successfully.
- Visit the Official Portal
Apply Now: https://boanig.com/namp/ - Check the Eligibility Requirements
Ensure you meet the criteria listed above before filling out the online form. - Prepare Your Documents
Gather your business registration certificate, means of identification, land ownership proof, and a short business or mechanization plan. - Complete the Application Form
Enter your personal and business details correctly, upload the necessary documents, and review your information carefully before submitting. - Submit and Await Feedback
Applications are reviewed by the Bank of Agriculture team. Shortlisted candidates will receive email or SMS notifications for verification and onboarding.
Deadline: November 10, 2025
Programme Benefits
- Access to affordable mechanization loans and farming equipment
- Increased agricultural productivity and profit margins
- Employment opportunities for rural youth
- Advancement of digital and technology-driven farming
- Contribution to Nigeria’s national food security goals
Conclusion
The Bank of Agriculture Mechanization Programme represents a major push toward transforming Nigeria’s agricultural sector. With affordable financing, access to modern equipment, and strong government backing, this opportunity is open to every serious Nigerian farmer ready to scale up operations.
Farmers, youth, and women are encouraged to apply before the closing date to benefit from this life-changing programme.
Apply Now: https://boanig.com/namp/