A Securities and Exchange Commission-licensed issuing house, Regius Capital Limited, has disclosed that bank credit to Nigeria’s agriculture sector rose from about N1.46 trillion at the end of 2021 to N3.81 trillion by January 2026, while identified agrifood capital-market issuance between 2020 and the first half of 2026 stood at about N1.73 trillion.
According to a new report by Regius Capital Limited and made a copy available to journalists on Monday in Akure, the Ondo State capital, examined formal agricultural financing between 2021 and the first half of 2026, covering bank credit, capital-market instruments, development finance institutions, private capital, public interventions and guarantees.
It was gathered that despite a sharp increase in financing to Nigeria’s agricultural sector, the growth in capital has not yet translated into a commensurate expansion in productive capacity.
The report, titled Financing Nigeria’s Agriculture: What Five Years of Credit, Capital and Output Data Reveal, however, said the increase in financing needed to be assessed against actual productive capacity, food demand and trade, rather than funding volumes alone.
It noted that Nigeria’s agricultural GDP reached about N103.9 trillion in 2025, while the annual household food bill was estimated at about N82 trillion.
The report cautioned that the sharp rise in nominal agricultural output should not automatically be interpreted as equivalent growth in real production, noting the effects of inflation, commodity prices and foreign exchange…
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