• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

LAPO Boosts Agro-SME Funding with ₦18.6bn Disbursement in Q1 2025

Olusola Blessing by Olusola Blessing
August 1, 2025
in Business, News
0
LAPO Boosts Agro-SME Funding with ₦18.6bn Disbursement in Q1 2025
Share

A total of ₦18.6 billion was disbursed to 136,902 smallholder farmers and agribusiness-focused SMEs across Nigeria in the first quarter of 2025, reflecting a 31 percent increase from the ₦12.9 billion allocated during the same period in 2024.

The disbursement was facilitated through thet Lift Above Poverty Organisation’s (LAPO) agricultural financing arm, which focuses on supporting micro and small enterprises in rural and peri-urban communities. Operating through 341 branches across 22 states, LAPO’s agro-financing programme is designed to address key challenges facing small-scale farmers, including limited access to credit, inadequate extension services, and outdated production methods. By bridging these gaps, the organisation aims to enhance food security, stimulate rural development, and strengthen local agricultural value chains.

In a parallel effort, more than 6,000 agro-entrepreneurs in the poultry, livestock, and fisheries sectors accessed an additional ₦1 billion through LAPO’s Household Poultry and Livestock Initiative. Beyond funding, this initiative provided participants with access to improved breeds, quality feed, veterinary services, and hands-on training. These tools are essential for transitioning traditional farming systems into commercially viable and sustainable agribusinesses, particularly in underserved communities where livestock farming serves as a primary source of livelihood.

LAPO emphasised that a significant portion of the support was channelled toward women-led households and youth-driven ventures. This focus aligns with the organisation’s broader mission to promote inclusive entrepreneurship and close gender and age-related gaps in access to finance. By empowering women and young people in agriculture, LAPO is helping to build a more inclusive and resilient rural economy.

The organisation also highlighted the long-term impact of its interventions. Beneficiaries have reported improved yields, increased income, and stronger linkages to markets. In several communities, the additional financing has enabled farmers to expand their operations, adopt climate-smart practices, and hire additional labour—contributing to job creation and local economic growth.

As part of its monitoring and support strategy, LAPO maintains ongoing engagement with recipients through field visits, performance tracking, and business advisory services. These follow-up measures are aimed at ensuring effective utilisation of funds, reducing loan defaults, and supporting the sustainability of the enterprises.

LAPO’s continued investment in agricultural SMEs is seen as a vital contribution to Nigeria’s broader development goals, especially in the context of food inflation, rural poverty, and youth unemployment. By prioritising financial inclusion and capacity development, the organisation is positioning local farmers and agribusinesses to become active players in national and regional food systems.

The first-quarter achievements are part of LAPO’s long-term agricultural agenda, with further disbursements and support programs expected to be rolled out in the coming months.

Post Views: 27
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • 15+ Bank Initiatives, Programs and Products for Nigerian Entrepreneurs
    15+ Bank Initiatives, Programs and Products for…
  • Top 15 Social Media Marketing Tools for Nigerian Entrepreneurs
    15 Social Media Management Tools That Will Make Life…
  • Oladimeji O. Peters Chairman Credit Bureau Association Of Nigeria
    Credit Reports are Useful Beyond Transactions with…
Tags: LAPOMSMEsSMEs
Previous Post

Egusi Seed from Nigeria Heads to Space in Groundbreaking Global Agricultural Mission

Next Post

CBN’s Anchor Borrowers’ Program Failed to Deliver For Smallholder Farmers,Agri-SMEs -AFAN

Next Post
CBN’s Anchor Borrowers’ Program Failed to Deliver For Smallholder Farmers,Agri-SMEs -AFAN

CBN's Anchor Borrowers' Program Failed to Deliver For Smallholder Farmers,Agri-SMEs -AFAN

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • JR Farms Trains 82 Cross River Officers to Boost Coffee Farming Expansion
  • NITDA Pushes for Unified Data Systems to Drive Digital Governance
  • Nigerian Government Trains 3 Million Exporters to Maximise AfCFTA Trade Opportunities
  • NEC Approves Grassroots Empowerment Plan for 8.8 Million Nigerians
  • FG, NNDC Partner to Boost Dairy Production and Cut $1.5bn Milk Import Bill

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.