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

  • Funding provided at cheap cost.
  • Longer tenor of loan. 
  • Funding targeted to specific agricultural production.
  • 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).

Application Categories 

. Personal/individual/Corporate

. Business

How to apply

Interested persons should click the link and apply

Commercial Agricultural Credit Scheme