Renewed Hope National Agricultural Mechanization Program (RHNAMP) for Nigerians

Applications are now open for Renewed Hope National Agricultural Mechanization Program (RHNAMP) for Nigerians. The Bank of Agriculture (BOA), in collaboration with Heifer Nigeria, has unveiled the Renewed Hope National Agricultural Mechanization Program (RHNAMP) to boost Nigeria’s agricultural productivity through greater access to affordable mechanization.

The initiative supports the Federal Government’s commitment to modernize the agriculture sector by deploying 2,000 tractors under a sustainable Pay-As-You-Go model. Through this partnership, BOA and Heifer Nigeria seek to empower youth, women, and agripreneurs to become mechanization service providers, helping farmers increase yields, reduce manual labor, and strengthen the nation’s food security.

Program Benefits

• Access to a tractor under a flexible lease-to-own model.
• Digital visibility and tracking through a monitoring platform
• Access to mechanization hubs for spare parts, repairs, and aftersales support.
• Business support to help manage bookings, revenue, and farmer relationships.
• Training and onboarding on tractor operation, maintenance, and business management.

Eligible Participants

• Women Agripreneurs – Women Agripreneurs with experience and/or interest in running tractor service businesses.
• Youth Agripreneurs  (Ages 18-35) – Youth Agripreneurs with experience and/or interest in running tractor service businesses.
• Agro-Service Companies – Mechanization and Agro-Service Companies seeking to expand their fleet and coverage.

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Lease Features/Conditions

• 3-5 Years Lease Terms
• 15% Interest Rate
• 25% Down Payment

Special Terms/Conditions for Women & Youth

• Applicants will be selected based on satisfaction of specific criteria detailed in the application form.
• Successful applicants will be notified via email and/or SMS.

Eligibility Requirements

To qualify for participation, applicants must meet the following conditions

For Individuals –

• Must be a Nigerian citizen or registered agribusiness operating in the agricultural sector.
• Must have access to contiguous farmland or a defined farmer service cluster (minimum of 350 hectares in total aggregation per tractor).
• Must demonstrate the capacity to manage equipment operations.
• Must possess a valid business plan outlining service coverage, pricing, and expected revenue.
• Must provide evidence of financial capacity or equity contribution toward the lease.
• Must commit to regular repayment under the BoA financing model.
• Must agree to digital tracking and monitoring of tractor performance.

For Enterprise – 

1. Be a registered business operating in Nigeria.
2. Demonstrate access to contiguous farmland or organized farmer clusters (minimum of 500 hectares within a 50km radius per tractor).
3. Possess or commit to employing trained tractor operators and booking agents.
4. Have an operational base or service location within an agricultural production zone.
5. Demonstrate the capacity to manage repayments through mechanization income streams.
6. Provide evidence of:
   • Business registration (CAC certificate) or cooperative registration documents.
   • Tax Identification Number (TIN).
   • Bank account statement or proof of financial capability.
   • Be willing to adopt a digital tracking system for monitoring tractor use and repayment.
7. Commit to training participation for operators and technicians.

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What is the Deadline: 

The deadline for Stage 1 submission is 7 November 2025. Late or incomplete applications will not be considered.

For more information: Visit the website for Renewed Hope National Agricultural Mechanization Program (RHNAMP) for Nigerians