Regulatory Alerts2009-04-21 | CACS01Added · Updated
Guidelines for Commercial Agriculture Credit Scheme(CACS)
The Agriculture Debt Relief Scheme was a Nigerian government-backed initiative that aimed to alleviate the financial burden on farmers and agriculturists in the country. It involved issuing bonds by the federal government, which were then purchased by participating banks at a discounted price. These banks would subsequently lend the funds raised from these bonds, at a subsidized interest rate, to qualified borrowers engaged in agriculture-related activities. The primary objectives of this scheme were to promote agricultural development and boost food production in Nigeria, thereby improving food security and reducing poverty levels within the agricultural sector.
More like this from CBN
CBN published 1 document in the last 30 days. We email you each new one the day it's published.