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Home»Food & Agriculture»Women in Agriculture should leverage BoI’s N10bn scheme – Expert
Food & Agriculture

Women in Agriculture should leverage BoI’s N10bn scheme – Expert

EditorBy EditorMay 15, 2025Updated:May 15, 2025No Comments2 Mins Read
IWD 2024: Sasakawa Africa celebrates women in agriculture
IWD 2024: Sasakawa Africa celebrates women in agriculture
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The Association of Women in Agriculture (NAWIA) has urged women farmers and agripreneurs to take full advantage of the Bank of Industry (BoI)’s recently launched N10 billion support scheme aimed at empowering female-led agribusinesses.

The NAWIA Coordinator for Oshodi/Isolo, Mrs. Mulikat Ogunlola made the call during an interview in Lagos on Thursday.

Her appeal comes following a recent partnership between BoI and the Women Chamber of Commerce, Industry, Mines and Agriculture (WCCIMA), under which a special intervention initiative—Project Guaranteed Loans for Women—was launched in March.

The scheme offers women-led businesses access to loans of up to N10 million, alongside capacity-building support, to boost entrepreneurship across sectors, including agriculture. It is part of BoI’s broader commitment to gender-focused financial inclusion.

“Women need to start small, remain accountable, and keep proper records of their farming activities,” Ogunlola said.


“You don’t need acres of land to start. Even a backyard or compound space can be ideal for ventures like fish farming. What matters is adding value to yourself and your community.”

She stressed that while agriculture is a viable economic activity, it demands discipline, creativity, and hard work, regardless of gender.

Ogunlola emphasised the importance of good financial management and documentation to improve access to funding.

“When you demonstrate accountability and financial responsibility, you’re more likely to gain the trust of banks and investors,” she said.


“This is a golden opportunity for women in agriculture. The support is there—we just need to show seriousness and commitment.”

She also noted that NAWIA has helped establish joint farming ventures, including collective land purchases for rice cultivation and training programmes in fish farming for women.

For women lacking land or resources, Ogunlola assured that support mechanisms are available.

“With the right mindset and tools, every woman can thrive in agriculture. Start small, stay focused, and make the most of the support systems around you,” she advised.

Association of Women in Agriculture (NAWIA) BOI women in agriculture
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