The drip irrigation system is unarguably the best irrigation system for farming and gardening anywhere in the world.
In spite of the merits of using drip irrigation systems, most farmers in Nigeria cannot afford it. This has made some farmers avoid the use of drip irrigation systems.
How to finance the purchase of drip irrigation systems in Nigeria
The following are the options available for the financing of the purchase of drip irrigation systems in Nigeria:
Bank Loans
Banks in Nigeria offers agricultural loans to farmers. These loans can be used to finance the purchase of drip irrigation systems.
All commercial banks in Nigeria are mandated by the Central Bank of Nigeria (CBN) to have agricultural finance desk where agricultural loans are processed and disbursed to farmers.
Government Grants
The federal government of Nigeria, state governments and local governments in Nigeria offer grants and subsidies to farmers to purchase agricultural inputs and implements including the drip irrigation system.
The Federal Ministry of Agriculture through various intervention programs offers grants to farmers to get irrigation systems.
Donor Agencies
Donor Agencies like the USAID, DFID and ICRC offer irrigation equipment, pumps and other agricultural equipment to farmers in Nigeria. They also finance the purchase of drip irrigation systems.
Agricultural Cooperatives
Nigeria as a country has a lot of agricultural cooperatives. These cooperative societies allow farmers to save and also to take loans to finance the purchase of agricultural inputs including irrigation systems.
Most of the agricultural cooperative societies in Nigeria are located in farming communities and rural areas where farmers produce food items.
Microfinance Banks
Microfinance banks are smaller banks that provide banking services to the rural populace including the farmers in Nigeria.
Microfinance banks in Nigeria like Accion Microfinance bank provide loans for the acquisition of drip irrigation systems.
Leasing
Another option that can be used to acquire irrigation systems in Nigeria is leasing. Some organisations like Opticom Finance offer leasing products to Nigerians. This firm can finance the acquisition of drip irrigation systems.
What is Drip Irrigation?
Drip Irrigation is the use of tubes or pipes to irrigate crops by passing water to the roots of the crops in a trickle manner. Drip irrigation is the most efficient type of irrigation in the world.
With drip irrigation, the roots of plants can get water in drops. Drip irrigation only targets the roots of plants for irrigation unlike other types of irrigation that sprays water to the leaves and stems of plants.
Do you need to finance the purchase of drip irrigation systems in Nigeria? If yes, why not contact us through 08025141924.