2011-05-27 | FPR/DIR/CIR/GEN/01/015

Establishment of Agricultural Finance Departments/Units/Desks in Head Offices/Zonal/Regional and Desks by Deposit Money Banks (DMBs)

The Central Bank of Nigeria has issued a circular to all deposit money banks, requiring them to establish agricultural finance departments, units, or desks within six months to facilitate lending to the agricultural value chain. The bank outlines the structure and responsibilities of these departments, with a focus on lending, advisory services, and data collection. Returns on agricultural business portfolios are to be submitted to the CBN quarterly, half-yearly, and annually.

Nigeria

Central Bank of Nigeria

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