Central Bank of Nigeria Asks Banks To Grant $5.2 Million Loans to Youth Agro-businesses

Central Bank of Nigeria Asks Banks To Grant $5.2 Million Loans to Youth Agro-businesses

The Central Bank of Nigeria (CBN), in line with its developmental mandate, continues to develop and introduce development finance programmes and schemes to expand access to finance to critical sectors and segments of the economy to achieve food self-sufficiency as well as diversification. Accordingly, the apex bank has authorized commercial banks to give up to N2 billion (about $5.2 million) as loans to youths interested in going into agriculture, under the Private Sector-Led Accelerated Agriculture Development Scheme (P-AADS).

For more on this initiative, click here.

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One thought on “Central Bank of Nigeria Asks Banks To Grant $5.2 Million Loans to Youth Agro-businesses

  1. We are always hearing that CBN used to bring out money , but we are not seen it. I am executive secretary of Gwarinpa Setraco Gate Traders Association.

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