British International Investment BII, the UKs development finance institution and impact investor, have announced a 7.5 million debt investment in Nigerian agri-tech platform, Babban Gona, to boost food security and climate resilience for smallholder farmers in Northern Nigeria.
Commenting at the signing ceremony in Lagos, Benson Adenuga, West Africa Regional Director and Head of Office for Nigeria, BII, said: "Our partnership with Babban Gona is a great example of how BII is using catalytic capital to support innovative, high-impact business models that transform lives and economies. By backing this pioneering franchise model, we are not only addressing a critical financing gap but also helping to build a more resilient and productive agricultural sector and support smallholder farmers in a region that is often overlooked by investors. This investment will deliver tangible impact at scale, strengthening food security and climate resilience."