Regulatory Alerts2020-11-10 | DFD/ABP/GEN/PAADS/01/021Private Sector-Led Accelerated Agriculture Development Scheme (P-AADS)
The Central Bank of Nigeria has introduced the Accelerated Agriculture Development Scheme and the Private Sector-Led Accelerated Agriculture Development Scheme to address food security and youth unemployment by engaging youth in agricultural production and facilitating private sector investment in staple foods and industrial raw materials production. The schemes offer loans of up to N2 billion with a 5-9% interest rate to eligible participants, including agro-processors, prime anchors, and individuals with contiguous land for agricultural commodities cultivation. The bank will bear 50% of the credit risk and repayment will be made through participating banks.
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monetary
credit