The Lift Above Poverty Organisation (LAPO) disbursed N18.6 billion to 136,902 farmers in the first quarter of 2025 to enhance farmers’ access to soft loans and upgrade farming operations across Africa’s most populous country.
In a statement signed by Victor Noruwa, executive director of Microfinance Segment, it was disclosed that the sum of N18.6 billion was disbursed to about 136,902 farmers and agro businesses. This reflects an increase of 31 percent in Q1 2025, up from N12.9 billion disbursed in the same period of 2024.
In partnership with LAPO, the fund was disbursed with the Agricultural and Rural Development Initiative (LARDI) to the beneficiaries in 341 branches and across 22 states in Nigeria.
Noruwa explained that the funding reflects the organisation’s desire to empower farmers as well as agribusinesses across Africa’s most populous country.
He urged the beneficiaries to use the funds wisely to enhance productivity and build sustainable agricultural ventures.
Noruwa noted that LAPO remains dedicated to improving income, food security, and the living conditions of rural households, with special focus on women-headed homes and youth-led enterprises.
He went further to note that the institution also disbursed N1 billion to over 6,000 farmers operating in different sub-sectors of agriculture, including poultry, livestock and fishing.
Tessa Anota, vice president of Livelihood & Social Protection, noted that the disbursement marks significant increase compared to what was disbursed last year.
“LAHPLI has proven instrumental in empowering smallholder farmers, particularly in rural communities, helping them scale operations, improve food security, and increase income.”
Anota reiterated that the financial support underscores LAPO’s deepening commitment to Nigeria’s agricultural development.
She said the funds were accessed through the LAPO Household Poultry and Livestock Initiative (LAHPLI), a strategic programme designed to boost agricultural productivity and rural livelihoods.
According to her, the initiative is part of LAPO’s broader effort to improve the livelihoods of agricultural stakeholders through access to affordable financial services, modern inputs, and extension support.
“The intervention directly addresses critical sector challenges such as low productivity, limited access to finance, and technical inefficiencies and thereby paving the way for more resilient and self-sustaining farming enterprises,” she noted.
