Nigeria: UK's BII Commits $7.5m Debt Investment Into Baban Gona to Scale Agricultural Impact, Boost Food Security

Nigeria: UK's BII Commits $7.5m Debt Investment Into Baban Gona to Scale Agricultural Impact, Boost Food Security

British International Investment (BII), the UK's development finance institution and impact investor, has committed a $7.5 million debt investment with Nigerian agri-tech platform, Babban Gona, to boost food security and climate resilience for smallholder farmers in Northern Nigeria.

UK’s $7.5m bet on tech-driven agriculture in Nigeria - Prime Progress NG

Despite employing more than 70% of the population, Nigeria’s agricultural sector confronts a paradox. Small-scale farmers, responsible for producing much of the country’s food, are stuck in a low productivity cycle. Post-harvest losses consume as much as 40% of farm produce, while access to financing remains severely limited. Climatic shocks from erratic rainfall to recurring floods add to the mix, straining productivity further. To help shift t…