The Federal Government is in advanced talks with the Japan International Cooperation Agency (JICA) to secure a ¥15bn (approx. $110m) emergency loan aimed at strengthening food security nationwide.This request is part of a broader $21.5bn borrowing plan… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FG seeks ¥15bn Japan loan to boost food security, employment By Busola Bamidele on June 5, 2025 The Federal Government is in advanced talks with the Japan International Cooperation Agency (JICA) to secure a ¥15bn (approx. $110m) emergency loan aimed at strengthening food security nationwide. This request is part of a broader $21.5bn borrowing plan President Tinubu presented to the National Assembly, which also includes a €51m grant to support critical development initiatives. Read also: FG seeks ¥15bn Japan loan to boost food security, employment FG, FAO launch ₦200 million scheme to boost fish farming, curb importation SMEDAN backs 12 promising startups at IP Labs 2.0 Abia targets industrial rebirth with Turkey investment summit Nigeria relaunches talent export programme to tap into $1tr global outsourcing market In his letter to lawmakers, the President noted that the funds would drive job creation, enhance skill acquisition, promote entrepreneurship, reduce poverty, and boost food supply. Currently, Nigeria owes JICA $53.31m—just 0.88% of its bilateral debt and 0.12% of its total external obligations. If approved, the new loan will push Nigeria's debt to JICA to $163.31m.

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