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Agribusiness

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Agric Finance Group offers professional support to both staff and customers of the Bank in the creation of good quality risk assets in the entire Agriculture Value Chain whilst placing emphasis on Environmental and Social risk. The Group advises both customers and RMs on the best loan structure and farm practices to make the business relationship successful and profitable. The Group gets majority of its lending fund from CBN at a maximum cost of 2% p.a. for on-lending to agribusinesses at a concessionary rate of 9% p.a. (all in).

The Modified Paddy Aggregation Scheme (M-PAS):

The Modified Paddy Aggregation Scheme (M-PAS):

Integrated rice Millers can access funds under this scheme

Integrated rice Millers can access funds under this scheme to purchase home-grown paddy(rice).Loan amount is determined by the installed capacity of the Integrated MillTenor is a maximum of 6 monthsInterest rate is 5%.

The Modified Maize Aggregation Scheme (M-MAS)

The Modified Maize Aggregation Scheme (M-MAS)

Feed Millers, Poultry Farmers, Silos/Warehouse Operators

Feed Millers, Poultry Farmers, Silos/Warehouse Operators and Confectionary Companies can access funds under this scheme for the purchase of home-grown maize.Loan amount will be determined by the processing capacity of the beneficiaryTenor is a maximum of 6 monthsInterest rate is 5%.

The Agriculture Credit Guarantee Scheme Fund (ACGSF)

The Agriculture Credit Guarantee Scheme Fund (ACGSF)

Farmers can access guarantee to cover up to 75% for their

Farmers can access guarantee to cover up to 75% for their loans with interest rebate of up to 40% under this schemeCustomers can access up to a maximum of N50m.Tenor is based on the gestation period of the project to be financed.Interest rate is the prevailing commercial rate.

Commercial Agriculture Credit Scheme (CACS)

Commercial Agriculture Credit Scheme (CACS)

Corporate/Large/Medium Scale Commercial

Corporate/Large/Medium Scale Commercial Farms/Agro-Enterprises/State Government can access funds under this scheme.Loan amount is a minimum of N50m and a maximum of N2bnTenor is based on the gestation period of the project to be financed.Interest rate is 9%

Micro, Small and Medium Enterprises Development Fund

Micro, Small and Medium Enterprises Development Fund

Micro, Small and Medium Scale Agro-based Enterprises can

Micro, Small and Medium Scale Agro-based Enterprises can access funds under this scheme.Customers can access up to a maximum of N50mTenor is a maximum of 1 year for micro enterprises, and 1-5 years for SMEsInterest rate is 9%

Real Sector Support Facility (RSSF)

Real Sector Support Facility (RSSF)

This scheme is targeted to support large enterprises for

This scheme is targeted to support large enterprises for startups and expansion financing needs.Loan amount is a minimum of N500m and a maximum of N10bn.Tenor is determined by the complexity of the project.

Rice Distributor’s Facility (RDF)

Rice Distributor’s Facility (RDF)

Integrated Rice Millers can access funds under this scheme

Integrated Rice Millers can access funds under this scheme for the purchase of locally milled riceCustomers can access up to a maximum of N1bnTenor is a maximum of 12 monthsInterest rate is 5%.

Anchor Borrower’s Programme

Anchor Borrower’s Programme

Smallholder farmers in groups/cooperatives can access funds

Smallholder farmers in groups/cooperatives can access funds under this programme.The loan amount is determined by the economics of production.Tenor is determined by the gestation period of the identified commoditiesInterest rate is 9%.