The Central Bank of Nigeria (CBN) has launched the 2024 Agricultural Loan, targeting Nigerian youth aged 18-35 to boost agriculture and its value chains.
The loan features a moratorium of up to 18 months for the principal and 6 months for markup, with flexible terms based on project gestation periods.
Eligibility Requirements:
Bank Verification Number (BVN).
Certificate of training from a recognized Entrepreneurship Development Institution (EDI) or membership proof in a private-sector association.
Business registration documents compliant with the Companies and Allied Matters Act (1990).
Letter of introduction from a reputable figure (e.g., Clergy, Village Head, or senior civil servant).
This initiative fosters partnerships between state governments, stakeholders, and the CBN to enhance sustainable agricultural development.
Interested applicants can visit the CBN Official Website https://www.cbn.gov.ng/devfin/acgsf.asphttp:// for more details.
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