Thursday 7 April 2016

First Bank of Nigeria Commercial Agriculture Credit Scheme (CACS)

CACS

Special credit intervention fund of N200billion created by the Federal Government of Nigeria to fast track the development of the agricultural sector.
  • Maximum obligor limit is 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 is required in the case of State Governments

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