The Bank of Agriculture (BOA) has entered into a strategic partnership with the Nigerian Air Force (NAF) Farms and Agro-Allied Services to deepen access to concessional financing and enhance agricultural BOA, NAF partner on input finance, mechanisation for veterans, active officers
The Bank of Agriculture (BOA) has initiated a strategic partnership with the Nigerian Air Force (NAF) Farms and Agro-Allied Services to expand access to concessional financing and enhance agricultural productivity within the military’s farming ecosystem.
The collaboration followed a high-level meeting between the Managing Director/Chief Executive Officer of BOA, Ayo Sotinrin, and the leadership of the Nigerian Air Force farming unit to explore institutional cooperation aimed at strengthening agricultural operations across NAF farms nationwide.
This was disclosed in a statement issued by the Office of the Managing Director of BOA on May 15, 2026.
At the meeting, both organisations aligned on key objectives and identified areas where BOA’s mandate as an agricultural development finance institution could directly support the operational and strategic goals of the Air Force’s farming programmes.
A major outcome of the engagement was the agreement to provide concessional financing for the procurement of critical agricultural inputs, including improved seeds, fertilisers, crop protection products and soil enhancers.
The partnership will also facilitate access to financing for mechanisation equipment such as tractors, harvesters, irrigation systems and agro-processing facilities aimed at modernising NAF farm operations and increasing output.
Both institutions further agreed to establish structured credit facilities tied to agricultural production cycles, allowing for flexible repayment plans linked to harvest periods.
The collaboration will also focus on the cultivation of unused Nigerian Air Force land, leveraging the security advantages of military-controlled environments to protect agricultural investments.
In addition, the programme will ensure the structured disbursement of financial incentives through the NAF Microfinance Bank.
The two organisations also resolved to develop a bespoke concessional financing programme tailored to the unique agricultural needs and operational realities of Nigerian Air Force farming beneficiaries.
The initiative is expected to deliver significant socio-economic benefits to active-duty officers engaged in farming, retired Air Force personnel transitioning into agriculture, women officers participating in agricultural initiatives, as well as spouses of personnel involved in farming activities.
Sotinrin said the collaboration is designed to build a self-sustaining agricultural value chain within the Air Force community, while contributing to national food security, economic empowerment and income diversification for military families.
Both organisations have committed to formalising the partnership through a Memorandum of Understanding, while technical working groups will be established to develop the financing framework, eligibility criteria and disbursement protocols.
BOA’s relationship management team will serve as the primary liaison for the implementation of the programme.
The partnership emerged from a high-level meeting between the Managing Director and Chief Executive Officer of BOA, Mr Ayo Sotinrin and the leadership of the Nigerian Air Force farming unit, where both parties explored areas of institutional collaboration aimed at strengthening agricultural operations across NAF farms.
This was disclosed in a statement issued on May 15, 2026, by the Team Lead, Corporate Communications Department of BOA, Ruth Didam.
According to the statement, both institutions aligned on key objectives and identified strategic areas where BOA, as an agricultural development finance institution, can support the operational and long-term goals of the Air Force’s agricultural programmes.
A major outcome of the engagement was the agreement to provide concessional financing for the procurement of critical agricultural inputs, including improved seeds, fertilisers, crop protection products and soil enhancement materials.
The partnership will also facilitate access to financing for mechanised farming equipment such as tractors, harvesters, irrigation systems and agro-processing machines to modernise NAF farm operations and boost productivity.
Both organisations further agreed to establish structured credit facilities tied to agricultural production cycles, allowing for flexible repayment arrangements aligned with harvest periods.
The collaboration will equally focus on the productive use of unused Nigerian Air Force land, leveraging the inherent security advantages of military-controlled environments to safeguard agricultural investments.
Beyond primary farming activities, the initiative is expected to support investments across the agricultural value chain, including the establishment of farm shops and agro-processing ventures that will engage active service personnel, veterans and their families.
The programme will also provide a framework for the structured disbursement of financial incentives through the NAF Microfinance Bank.
In addition, both parties resolved to develop a bespoke concessional financing scheme tailored to the unique agricultural needs and operational realities of Nigerian Air Force farming beneficiaries.
The initiative is expected to deliver socio-economic benefits to active-duty officers involved in farming, retired Air Force personnel transitioning into agriculture, women officers participating in agricultural initiatives, and spouses of personnel engaged in farming activities.
Sotinrin said the collaboration is designed to build a self-sustaining agricultural value chain within the Air Force community while contributing to national food security, economic empowerment and income diversification for military families.
Both organisations have also committed to formalising the partnership through a Memorandum of Understanding, with technical working groups to be constituted to develop the financing framework, eligibility criteria and disbursement protocols.
BOA’s relationship management team is expected to serve as the primary liaison for the implementation of the programme.
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