Commercial Agricultural Credit Scheme – Apply Now

The key agricultural commodities covered under the Scheme are:

• Production:
  • Cash Crops: Cotton, Oil Palm, Fruit Trees. Rubber, Sugar Cane, Jatropha Curcas and Cocoa.
  • Food Crops: Rice, Wheat, Cassava, Maize/Soya, Beans/Millet, Tomatoes and Vegetables
  • Poultry: Broilers and Eggs Production
  • Livestock: Meat, Dairy and Piggery
  • Aquaculture: Fingerlings and Catfish
• Processing: Feed-mills Development, Threshing, Pulverisation and other forms of transmutation for value addition.
• Storage: Commodities, Agro-Chemicals and Warehousing.
• Farm Input Supplies: Fertilizers, Seeds/Seedlings, Breeder Stock, Feeds, Farm equipment & Machineries.
• Marketing: Agricultural commodities under the focal investment areas

Also Read: SEIFAC/Heritage Bank ATM Card Distribution Update

Commercial Agricultural Credit Scheme Feature

• Single digit interest rate (9% all-in, max).

• Single obligor limit of up to N2billion for medium and large scale private sector enterprises and N1billion for state governments.      

• The participating private sector entity must have a minimum farm asset base of N50million (excluding farm land).

• Irrevocable Standing Payment Order (ISPO) is required in the case of State Governments.     

• Fund available till 2025.     

• Loan tenor of up to 5 years.

Also Read: CBN N41 Billion for Wheat Farming

Commercial Agricultural Credit Scheme Value and Gain Proposition