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To ensure food sufficiency, employment, and revenue generation, FCMB Group has disbursed N246.60 billion Agric lending facilities to farmers across the country.
This is part of the lender’s commitment to support agriculture businesses across the value chain as it continues to play a vital role in the nation’s drive for economic diversification through agriculture.
Agriculture makes up 11 percent of the total loan portfolio of FCMB. It is making a far-reaching impact in agribusiness funding and capacity building through its various intervention programmes, including in the areas of digitisation and agritech.
The bank has been giving loans to smallholder farmers in the rural areas so that they acquire modernised equipment needed to increase output and drive economic growth.
This year, the Bank and the Dutch Entrepreneurial Development Bank (FMO) have announced the launch of the FCMB–FMO AgriTech Investment Readiness Programme at a sum of N20 million in 2025.
The aim of the programme is to fund Agric-startup and strengthen small and medium scale business as well as creating employment in a country where 139 million people live on breadline.
Agriculture is very important to the growth of the economy as the sector remained the largest contributor to GDP in the second quarter (Q2) of 2025, with its contribution inching higher to 26.17% in Q2-25 vs. 23.33% in Q1-25, reflecting a stronger role in overall economic activity.
The government is keen on shrinking food security in a country reeling from foreign exchange volatility, rising input, and insecurity in the farm producing regions.
Nigeria was ranked second poorest in food affordability globally by the Institute of Development Studies, United Kingdom. In July 2025 The United Nations reported that nearly 31 million Nigerians were experiencing acute food insecurity.
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