The Bank of Agriculture (BOA) in Nigeria has called for increased climate financing from developed countries to support agricultural adaptation projects. The request was made during COP31, held in Antalya, Türkiye. BOA emphasized the urgent need for financial assistance to help Nigerian farmers cope with climate change impacts.
Nigeria's agricultural sector faces growing challenges due to erratic weather patterns and soil degradation. BOA officials stated that without adequate funding, smallholder farmers would struggle to implement sustainable practices. The bank highlighted that climate financing could help fund irrigation systems, drought-resistant crops, and soil conservation techniques.
This call for support comes amid rising food insecurity in the region. Nigeria, which relies heavily on agriculture for employment and exports, has seen declining crop yields in recent years. BOA’s appeal aligns with broader African efforts to secure climate resilience funding. The bank also noted that international climate agreements must include financial mechanisms tailored to developing nations.
