The Bank of Agriculture (BOA) in partnership with Heifer International has launched the National Agricultural Mechanization Program (NAMP), aimed at empowering youth and women agripreneurs.
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BOA and Heifer Nigeria have co-developed a framework to sustainably finance and manage the 2,000 tractors procured by the Federal Government of Nigeria, through a Pay-As-You-Go model.
Key Highlights
- Funding for 2,000 tractors and 9,000 implements nationwide
- Open to youth and women in agribusiness
- Supported by BOA & Heifer International
- Deadline: November 10, 2025
Program Benefits
- Preventive maintenance and technical support through mechanization hubs
- Digital tracking via IoT technology
- Flexible repayment linked to usage and income generation
Eligible Participants
- Women in Mechanization
- Youth in Mechanization (Ages 18-35)
- Mechanization Companies
Lease Features/Conditions
- 3-5 Years Lease Terms
- 15% Interest Rate
- 25% Down Payment
Special Terms/Conditions for Women & Youth
Applicants will be selected based on satisfaction of specific criteria detailed in the application form. Succesful applicants will be notified via email and/or SMS.
