The Federal Government, in a bid to stimulate finance to the agriculture sector, has approved that the sum of N15bn be given to farmers at single-digit interest rate. The amount, which is a short-term intervention fund to be disbursed by the Bank of Agriculture, will be used for the 2013 […]
Tag: Agriculture
CBN guarantees N25bn agric loans through NIRSAL
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, introduced July last year, has guaranteed N25bn of agricultural loans, latest data from the Central Bank of Nigeria has shown. This has effectively lifted lending to the sector to four per cent of banks’ total loans, from the average of 1.5 […]
UBA Emerges Best Bank in Support of Agriculture in Nigeria
Press Release In recognition of its immense contribution to the growth of Nigeria’s agricultural sector and value addition to the economy, United Bank for Africa (UBA) Plc has been named the best bank in support of Agriculture in the country. UBA clinched the award at the maiden edition of BusinessDay […]
