Agricultural Finance for Northern Nigerian Farmers
From inputs to harvest to market — here's how Bompai supports the cash flow cycle of farming families in Kano, Jigawa and beyond.
Farming is not a continuous business — it is a cycle. You spend in one season, you earn in another, and the gap between the two is where many farmers lose ground. Agricultural finance is about smoothing that gap so a bad month does not undo a good year.
Where finance fits in the farming cycle
- Land preparation: clearing, ploughing, hiring labour.
- Inputs: seeds, fertiliser, agrochemicals.
- Growing season: irrigation, weeding, pest control.
- Harvest: hiring labour, transport, storage.
- Post-harvest: storage, drying, packaging.
- Marketing: transport to market, holding for better prices.
Bompai products built for farmers
- Input loans timed to the planting season, with repayment scheduled after harvest.
- Asset loans for tractors, pumps, processing equipment and storage.
- Group lending for cooperatives so smallholders can access credit collectively.
- Target savings to lock away surplus from one harvest so the next planting is funded.
- Agent banking in rural LGAs so farmers can transact without travelling to town.
Avoiding the post-harvest sell-low trap
Many farmers sell immediately after harvest when prices are at their lowest because they need cash to pay back informal lenders. A Bompai Fixed Deposit funded with savings from the previous cycle — combined with affordable storage — can let you hold grain until prices recover, sometimes 30% to 60% higher.
Insurance and risk
We work with partner insurers so Bompai-financed farms can be covered against drought, flooding and pest outbreaks. The premium is small relative to the loss it prevents. Talk to your relationship officer about cover before the planting season starts.
How to apply
Walk into any Bompai branch with your ID, BVN, evidence of land use (rental agreement, customary right or title), a list of the inputs you need, and an estimate of expected yield. Our agric loan officers will guide you through the rest. The earlier in the season you start, the better the terms you can secure.
