In Nigeria, the WAVE program has been launched to support women farmers.

Economics

The initiative aims to expand women's access to financial resources, mechanization tools, and market opportunities throughout the agricultural value chain. In the long term, the Nigerian government expects to reach three million women with its support. So far, about 33,000 potential participants have expressed interest in the program.

Minister Imaan Sulaiman-Ibrahim noted that the project will help women transition from small-scale subsistence farming to professional agricultural entrepreneurship. WAVE program participants will gain access to training, modern digital tools, and support in areas such as mechanized farming, input supply, and agricultural processing.

For its part, the Bank of Agriculture (BOA) commits to providing credit for agricultural produce procurement and the provision of machinery. The bank's Managing Director, Ayo Sotinrin, stated that farmers will be able to purchase improved seed at subsidized interest rates. According to expert estimates, the adoption of quality planting material and agricultural support will allow for an increase in yield from one to five tons per hectare.

A separate part of the program is dedicated to mechanization. Women will be able to purchase tractors on concessional terms with a repayment schedule of three to five years. It is expected that the recipients of the machinery will not only be able to use it on their own farms but also provide services to other farmers. The bank plans to collaborate with cooperatives and aggregator companies to optimize loan disbursement and expand the reach of financial services.

According to the Permanent Secretary of the Ministry, Esuabana Nko Asanye, the implementation of the agreement is expected to contribute to the growth of rural household incomes, enhance the country's food security, and promote the professional development of women as machinery operators, input suppliers, and managers in agribusiness.