Federal Government Assistance in Agricultural Finance

An Overview of the Federal Government Assistance in Agricultural Finance

The federal government of Nigeria has formulated and unimplemented various schemes, programmes and institution, to provide facilitate and encourage the financing of agricultural sector through the central bank of Nigeria and other financial institutions. In 1969, the first circular was issued to commercial bank by the Central Banks of Nigeria (CBN) as a credit guideline embodied in its monetary policy to give preferential treatment to agricultural sector in terms of loan the treatment cover both the value of loan allocated to the sector and the interest rate chargeable on such loans. [Read more…]