As an agricultural business owner, you can be a beneficiary of the CACS N200 billion Fund. This facility was established by the CBN and Federal Ministry of Agriculture to fast track the development of the agricultural sector in Nigeria by giving loans support to businesses like yours.
- Maximum obligor limit is N2 billion for medium and large scale private sector enterprises while there are no limits for state governments.
- As a participating private sector entity, you must have a minimum farm asset base of N50million (excluding farm land).
- Irrevocable Standing Payment Order is required in the case of State Governments.
About Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on July 1, 1959.[2] The CBN Act was amended in 1991, 1993, 1997, 1998, 1999 and 2007.[3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and to act as a banker of last resort and financial adviser to the federal government. The central bank's role...... continue reading
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CBN/Federal Ministry of Agriculture Commercial Agriculture Credit Scheme
Aim and Benefits of CBN/Federal Ministry of Agriculture Commercial Agriculture Credit Scheme
- Single digit interest rate (9% all-in, max).
- This fund is available till 2025.
Requirements for CBN/Federal Ministry of Agriculture Commercial Agriculture Credit Scheme Qualification
- Medium or Large Scale Commercial Farms involved in cultivation of crops, rearing of livestock, fisheries, etc.
- Limited Liability Companies involved in agricultural production, storage, processing, marketing and enterprise development.
- State Governments and the FCT (for on-lending/special intervention to small scale farmers).
Documents Required for Application
- Formal application for a credit Facility.
- Certificate of Incorporation.
- Memorandum and Article of Association.
- Board Resolution to Borrow.
- Feasibility Study/Business Plan.
Application Deadline
Not SpecifiedHow to Apply
Interested and qualified? Go to
Central Bank of Nigeria (CBN) on www.firstbanknigeria.com to apply
For more details, visit the programme website
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