Federal Government Launches FarmerMoni Portal for N300,000 Interest-Free Agricultural Loans
The Federal Government of Nigeria has officially opened the GEEP (Government Enterprise and Empowerment Programme) FarmerMoni portal for the 2025/2026 cycle, providing smallholder farmers across the country with access to interest-free and collateral-free loans of up to ₦300,000. This initiative is part of a broader effort to enhance agricultural productivity, improve rural livelihoods, and strengthen national food security under the current administration.
Program Objectives and Official Launch
Hamza Baba, the National Programme Manager of GEEP under the National Social Investment Programme Agency (NSIPA), announced the portal's opening during the inauguration of the Renewed Hope GEEP 3.0 and the FarmerMoni Technical Working Group in Abuja on Wednesday, February 11, 2026. He emphasized that the program is specifically designed to support vulnerable and low-income farmers at the grassroots level, helping them procure essential inputs like seeds, fertilizers, and equipment for the upcoming farming season.
Key Features of the Loan:
- Loan Amount: Up to ₦300,000 per farmer, tailored based on economic realities of different farming activities.
- Interest Rate: 0% (completely interest-free).
- Collateral: No collateral required.
- Repayment Terms: A 6-month repayment period following a 3-month moratorium (grace period).
Eligibility Criteria for Applicants
To qualify for the FarmerMoni loan, applicants must meet the following requirements:
- Must be a Nigerian citizen.
- Age must be above 18 years old.
- Must already be actively engaged in farming; the scheme is not for new entrants into agriculture.
- Must own or rent farmland.
- Must belong to a registered farming cooperative or association in their local government area.
- Must provide a valid National Identification Number (NIN) and Bank Verification Number (BVN).
Application Process: Online and Physical Options
Eligible farmers can apply through two main methods:
Online Registration (Preferred Method):
- Visit the official GEEP application portal at https://geep.nsipa.gov.ng.
- Fill in personal details, including full name, phone number, and location.
- Provide NIN and BVN information.
- Specify the type of farming (e.g., crop, poultry, aquaculture, or livestock).
- Submit the completed application form.
Physical/Manual Registration:
- Visit the National Orientation Agency (NOA) office or the GEEP Desk Officer at the Local Government Area secretariat.
- Fill out the physical registration form provided by the agents.
Important Tips and Warnings
Applicants are advised to:
- Avoid scams by noting that registration is free of charge; do not pay anyone to register.
- Consider forming or joining a registered cooperative or group, as this is highly encouraged for better support and verification.
- Ensure all documentation, such as NIN, BVN, and farm location details, is accurate to prevent rejection of the application.
Broader Context and Related Initiatives
This launch aligns with the government's ongoing efforts to address economic challenges in the agricultural sector. In a related development, the federal government has also reopened the application portal for Batch B of the Youth Economic Intervention and De-Radicalisation Programme (YEIDEP), offering grants ranging from ₦50,000 to ₦500,000 to young Nigerians with viable business ideas. These initiatives aim to tackle issues like youth unemployment and limited access to finance, providing capital and mentorship to foster entrepreneurship and sustainable development.
The FarmerMoni program underscores a commitment to empowering farmers and boosting food production, with officials highlighting its potential to transform rural economies and contribute to national stability.
