Lagos, Nigeria — The United States has reactivated its GSM-102 Export Credit Guarantee Programme, a strategic move to bolster agricultural trade with Nigeria, as the two nations’bilateral commerce reached nearly $15 billion in 2025.
The expanded scheme, a cornerstone of the broader Commercial and Investment Partnership (CIP) framework, is designed to mitigate financial risks for lenders and exporters, stabilize food supply chains, and enhance Nigerian businesses’access to high-value agricultural products.
The GSM — 102 Export Credit Guarantee Programme serves as a critical tool for reducing financial barriers in agricultural trade. By providing guarantees for loans and credit, the programme aims to encourage investment in the sector and support the growth of Nigerian agriculture, which has seen a significant increase from $415 million in 2024 to $764 million in 2025. This strategic shift from aid-based engagement to a commercially driven partnership is seen as a move to foster sustainable economic growth and strengthen Nigeria’s agricultural sector.
The revival of the farm credit scheme is a testament to the growing economic partnership between the U. S. And Nigeria, reflecting a commitment to sustainable development and the promotion of food security.
As the scheme unfolds, it is widely anticipated to deepen trade ties and foster mutual economic benefits, underscoring the importance of agriculture in the global economy and the potential for collaborative efforts to drive sustainable development.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Africa.businessinsider
Source: Segun Adeyemi
