FG Unveils $1.1 Billion NAPM Initiative to Tackle Food Inflation and Boost Agriculture

 The Federal Government of Nigeria has announced the launch of the $1.1 billion National Agricultural Productivity and Market Initiative (NAPM), a transformative program aimed at stabilizing food prices and revolutionizing the agricultural sector. 

Unveiled by the Ministry of Finance, the NAPM seeks to address food inflation, which has driven up the cost of staple foods like rice, maize, and yam, exacerbating economic hardship for millions of Nigerians. The initiative is a cornerstone of the government’s broader strategy to achieve food security and reduce poverty through agriculture.

The NAPM will prioritize improving market access for farmers, upgrading storage and distribution networks, and equipping smallholder farmers with modern tools and techniques to boost productivity. By leveraging data-driven policies and fostering public-private partnerships, the program aims to minimize post-harvest losses, which account for significant food waste annually. 

The initiative has secured backing from international partners, including the African Development Bank, which has pledged technical and financial support. The NAPM will also establish agricultural hubs across Nigeria’s six geopolitical zones to facilitate training, financing, and market linkages for farmers. Implementation is set to commence in the first quarter of 2026, with ongoing stakeholder consultations to align federal, state, and private sector efforts. The government projects that the NAPM will create millions of jobs and significantly reduce food prices, offering relief to Nigerian households grappling with economic challenges.