Farmers in four states to benefit from new tractor leasing deal
Smallholder farmers in Benue, Nasarawa, Ogun, and Edo states will soon have access to affordable tractors and modern farming equipment. This follows a new partnership between the Equipment Leasing Registration Authority and Heifer Nigeria to boost food production and strengthen agricultural value chains. The two organisations signed a two-year Memorandum of Understanding, aiming to make equipment more accessible through flexible leasing options. The initiative also includes capacity-building programmes to support farmers and rural enterprises.
TLDR
- The partnership between the Equipment Leasing Registration Authority and Heifer Nigeria targets smallholder farmers in Benue, Nasarawa, Ogun, and Edo states.
- A two-year Memorandum of Understanding will run from August 15, 2026, to August 14, 2028, under the Naija Unlock Programme.
- The initiative will use flexible leasing and lease-to-own models to help farmers, cooperatives, women, and young agripreneurs access modern equipment.
- Capacity-building programmes will cover agribusiness management, financial literacy, equipment operation, and asset management.
- The model is expected to lower production costs, improve farm efficiency, and could be expanded to other parts of Nigeria.
