Nigeria is developing a financing framework to help smallholder farmers adapt to drought, flooding and other climate threats, with an ambition to mobilise $1 billion during an initial expansion phase.
Gatekeepers News reports that Christoph Junghleisch, managing director of YAPU Solutions, said a proposed pilot could attract between $100 million and $200 million. He stressed that the figures are fundraising targets, with no confirmed funding commitments.
The plans were discussed at a workshop organised by the Presidential Implementation Committee on Technology Transfer (PICTT) and YAPU Solutions.
PICTT chairman Dahiru Muhammed said the initiative would help identify agricultural activities eligible for climate funding and make Nigeria’s national classification framework accessible to rural communities.
WorldFish’s Nigeria representative, Charles Nyangbe, called for financing suited to regional risks, including drought in the north and flooding in the south.
“Government should come up with an envelope of funding that is targeted at climate financing,” he said.
Nyangbe recommended insurance, public guarantees and private investment to encourage agricultural lending.
Junghleisch added that digital records would help track funds reaching farmers and support accountability.
