Drought monitoring and prediction have important roles in various aspects of hydrological studies. In the current research, the standardized precipitation index (SPI) was monitored and predicted in Peru between 1990 and 2015. The current study proposed a hybrid model, called ANN-FA, for SPI prediction in various time scales (SPI3, SPI6, SPI18, and SPI24). A state-of-the-art firefly algorithm (FA) has been documented as a powerful tool to support hydrological modeling issues. The ANN-FA uses an artificial neural network (ANN) which is coupled with FA for Lima SPI prediction via other stations. Through the intelligent utilization of SPI series from neighbors’ stations as model inputs, the suggested approach might be used to forecast SPI at various time scales in a meteorological station with insufficient data. To conduct this, the SPI3, SPI6, SPI18, and SPI24 were modeled in Lima meteorological station using other meteorological stations’ datasets in Peru. Various error criteria were employed to investigate the performance of the ANN-FA model. Results showed that the ANN-FA is an effective and promising approach for drought prediction and also a multi-station strategy is an effective strategy for SPI prediction in the meteorological station with a lack of data. The results of the current study showed that the ANN-FA approach can help to predict drought with the mean absolute error = 0.22, root mean square error = 0.29, the Pearson correlation coefficient = 0.94, and index of agreement = 0.97 at the testing phase of best estimation (SPI3).