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Agriculture: EU plans to mobilise 190 million euros in Nigeria to strengthen its food self-sufficiency

17/10/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The Global Gateway Forum is organized in Brussels on October 9 and 10 last. Occasionally, L'Union European (EU) indicated that she will mobilize, by through the European Investment Bank (EIB), a line of credit equivalent to 190 million euros (about 320.5 billion naira) to stimulate lending to the Nigerian agricultural sector.

Nigeria seeks to strengthen its self-sufficiency food and to attract more private investment in a sector agricultural at the heart of its development. The new funding from the EU and the BEI is entering into a process of reforms already under way. This facility combines according to the EIB, financing and technical assistance to commercial banks and development institutions, with the aim of improving access to credit for agri-food producers and SMEs. Cocoa value chains and milk are among the main targets of the program.

The initiative is part of the Global Gateway Investment Package, recently increased to 400 billion euros by the European Commission to encourage sustainable investments in Africa. An agricultural transformation is under way But in Nigeria, this operation is happening in an environment already marked by a multiplication of initiatives national and private.

In June 2025, the ministry of Livestock Development has unveiled a plan to double production national milk by 2030. The program is based on genetic improvement of livestock, animal nutrition, veterinary health and the empowerment of ranchers. It builds on public-private partnerships that are already active, in particular with Arla Foods , Mso-bidi-language:ar-sa"> FrieslandCampina ; mso-fareast-font-family:calibri; mso-fareast-theme-font:minor-latin; mso-bidi-font-family: “Times New Roman”; mso-bidi-theme-font:minor-bidi; mso-ansi-language:fr; Mso-fareast-language:en-us; Mso-bidi-language:ar-sa">, Promasidor and Zaidi Farms, committed to the modernization of farms and circuits local supplies.

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