LunagisthubFederal Government Launches Massive Farm Support: 2,000 Tractors, Guaranteed Prices for 1.2M Farmers in 2026 Wet Season
The Federal Government is going all-in on food production. Through the Bank of Agriculture, FG just rolled out major interventions targeting 1.2 million Nigerian farmers this wet season. From 2,000 Belarus tractors to guaranteed crop prices, the goal is simple: boost yields, raise farmer income, and stabilize food prices.
BOA Managing Director Ayodele Sotinrin announced the package on Tuesday, June 2, 2026. He said the program aligns with President Bola Tinubu’s agricultural agenda to strengthen food security and expand financial inclusion.
“The wide-ranging initiatives reflect the Federal Government’s commitment to supporting farmers whose labour ensures Nigerians do not go hungry,” Sotinrin said.
Here’s what farmers will get:
Mechanization Push: 2,000 Tractors Deployed
Nigeria’s tractor density is just 0.27 per 100 sq km — far below what’s needed for modern farming. To fix that, BOA deployed 2,000 high-durability tractors sourced from Belarus.
These tractors go to service providers who can mechanize at least 600 hectares each. The plan: cover over 1.2 million farmers during the 2026 wet season without farmers buying tractors individually.
For years, farmers lost money because farm-gate prices were lower than production costs. FG is introducing a price floor for maize, rice, soybeans, and cassava.
Government sets minimum price for staples before harvest
BOA buys excess produce directly from farmers after harvest
33 national silos store the grains for price stabilization later
This stops post-harvest losses and prevents middlemen from exploiting farmers when supply is high.
BOA is ditching old direct micro-credit models. Now it’s all digital.
Farmers get bank accounts opened in minutes using BVN and NIN verification. Funds go straight to real producers through farmer aggregation companies, cutting out middlemen and fraud.
Ginger farmers got hit hard by fungal disease in 2023. FG is launching a recovery plan using tissue culture technology instead of traditional replanting.
Target: Grow Nigeria’s ginger industry from $300 million to $3 billion in exports by 2028.
Food inflation has been a major pain point. NBS reported food prices jumped in April 2026. With mechanization + guaranteed prices + silo storage, FG hopes to:
Increase output per hectare with tractors
Protect farmers from price crashes
Release stored grains when prices spike to stabilize the market
2,000 tractors + guaranteed prices for maize, rice, soybeans, cassava + digital payments = FG’s biggest wet season farmer support yet. If 1.2M farmers get mechanized land prep and assured buyers, Nigeria’s food supply and farmer incomes should see real impact in 2026/2027.
Lunagisthub
