British Investment Backs Babban Gona with $7.5m to Strengthen Food Security in Nigeria

British International Investment (BII), the UK’s development finance institution, has announced a $7.5 million debt investment in Nigerian agri-tech platform Babban Gona. The funds will support food security, improve farmer productivity, and enhance climate resilience for smallholder farmers across northern Nigeria.

Through its technology-driven franchise model, Babban Gona provides farmers with access to quality inputs, training, credit, and markets. The new funding is expected to benefit about 140,000 farmers by 2029, reducing post-harvest losses and improving incomes.

BII’s Regional Director for West Africa, Benson Adenuga, said the investment reflects the firm’s strategy of backing innovative, high-impact businesses. UK Trade Envoy to Nigeria, Florence Eshalomi, described it as proof of the UK-Nigeria partnership for inclusive agricultural growth.

Babban Gona’s Managing Director, Kola Masha, said the investment underscores BII’s long-standing support for the company, noting that it represents a tenfold increase in the institution’s commitment since its first investment in 2013.