The Bank of Agriculture (BOA) in partnership with Heifer International has opened applications for the National Agricultural Mechanization Program (NAMP). The initiative aims to boost Nigeria’s agricultural productivity by financing 2,000 tractors and 9,000 implements for youth and women agripreneurs across the country. The program is designed to improve access to affordable mechanization services and tackle Nigeria’s low tractor penetration rate.
BOA and Heifer Nigeria have co-developed a sustainable financing framework to manage and fund the tractors procured by the Federal Government of Nigeria. The plan will operate through a Pay-As-You-Go model, allowing participants to access tractors without the heavy financial burden of outright purchase.
“This program represents a renewed hope for Nigeria’s agricultural sector,” BOA said. “We are focused on empowering young agripreneurs and women by giving them the tools and training they need to drive mechanized farming.”
The lease conditions include a 3 to 5-year lease term, a 15 percent interest rate, and a 25 percent down payment. Participants will also benefit from preventive maintenance and technical support through established mechanization hubs, digital tracking using IoT technology, and a flexible repayment plan linked to usage and income generation.
Successful applicants will receive access to a tractor under a flexible lease-to-own model, digital visibility and tracking through a monitoring platform, and support from mechanization hubs for spare parts, repairs, and aftersales services. They will also gain business management training, including tractor operation, maintenance, and revenue management.
Eligible participants include women in mechanization, youth agripreneurs aged 18 to 35, and mechanization companies. Applicants must be Nigerian citizens or registered agribusinesses with access to at least 350 hectares of farmland or defined farmer clusters. They must demonstrate operational capacity, provide a business plan, and show proof of financial capability.
Mechanization companies must have access to a minimum of 500 hectares within a 50km radius, employ trained operators, and operate within agricultural zones. Applicants must provide CAC registration, TIN, and bank statements, and agree to digital tracking and monitoring.
Applications close on November 10, 2025. Interested applicants are to apply via https://boanig.com/namp. Successful candidates will be notified via email or SMS.
News update (November 11, 2025):
BOA has extended the RHNAMP application deadline to November 12, 2025. Eligible firms, youth, and women agripreneurs can apply to access 2,000 tractors and 9,000 implements under the BOA and Heifer partnership.
