Nigerian Government agricultural loan requirements and application details 2020 – Are you a farmer looking to sustain your farming in the peak season with federal government agricultural loan? Look no further, this article is for you – Apply here!
As you already know agriculture is one sector of the economy that cannot dwindle as long as you have the right tools to cultivate the earth. Moreso, it is very lucrative hence the reason why so many people both young and old now find pleasure going into it. But the question to ask is if they have the needed resources to excel in it?
It is very easy to declare you want to indulge in farming but are you ready for both the monetary and manpower capabilities? Do you know the ways of getting agricultural loans given by the federal government?
This is usually a point of confusion for most would-be agricultural farmers but by thoroughly reading this article, you will be enlightened on what those relevant preconditions are and how to go about applying for one.
The truth is that these types of loans are out there but knowing where they are is of the essence.
Some of the agricultural loans the federal government gives are:
The loan given by the Central Government of Nigeria
CBN provides loans for both existing and intending farmers and the perk about this loan is that the interest rate on it is quite low. Do you know that due to the introduction of this scheme, 75 billion naira has been set aside by the government in all states so loans can be accessed? Do you know where you can get this loan? From the Bank of Agriculture.
Types of loan CBN offers are:
The Commercial Agriculture Credit Scheme
Most banks have admittance to this to aid cooperative societies farmers belong to. The agricultural ventures that have admittance to this are those whose assets are at least N100 million.
To get this loan, you must participate in the following produce:
Cash crops, food crops, livestock, poultry, aquaculture, processing, marketing, storage of agrochemicals, and supplies of farm input
Real Sector Support Facility:
This is another way of getting financing for your agricultural venture. The bank rate is low and its repayment plan is long tenured for up to 15 years.
Some requirements are:
- A business plan
- Certificate of incorporation
- Apply formally
- Memorandum and Article of Association
Micro SME Development Fund
This is equally another kind of loan that businesses can access. So if you want to expand your agri-business and you need a credit facility that is low-priced, this is what you are looking for.
What you stand to gain:
- You can get an overdraft or a term loan
- A low-interest rate of 9%
Bank of Agriculture (BOA)
You may wonder what BOA is all about. How can agriculture have a bank? Well, this is one sure way the government makes loans accessible to the public. The government owns it while CBN and the Federal Ministry of Finance are investors.
As an entrepreneur, here are the essentials before you can be given this loan.
- You should have partially paid 20% of the loan money
- You should have at least six months’ relationship with the bank in terms of making payments into your account no matter how small
- You should present a complete plan of your business
- There must be evidence of a physical collateral
Types of agricultural loans given by Bank of Agriculture:
Micro Credit loans:
This kind of loan can be tapped into by traders and agriculturists who are into livestock, fishery, horticulture, agro-processing etc. Both individuals and co-operative society members can benefit from such a loan.
To access this loan;
- You must make available two guarantors and must have partially paid at least 20%
- Microcredit loans must not be more than N250, 000 and must not be more than 2 years
- The bank rate is 12% annually
Grow and earn more-(gem)
This loan scheme is specifically for women to help them in areas they are finding it difficult especially in the area of financing.
What does this loan entail?
- Before any application can be done, you must have a working account with the Bank of Agriculture office that is in close proximity to where your project is for at least 3 months
- You can only access N1 million at 14% annually
- The loan you will get will be based on your type of project
- You must present two guarantors and have partially paid 10%
- Presentation of collateral is not needed
- The interest rate is 14%
Loan application for SME (Individuals)
- Here, individuals can get loans up to N5, 000, 000 as long as your projects are agriculturally based
- Presentation of collateral is compulsory
For the loans that can be gotten from the Bank of Agriculture, what is needed to open an account with them are:
- Account opening form must be updated and signed
- Updated mandate
- A letter to the bank already signed
- Any means of identification (photocopy)
- Photocopy of the latest utility bill
- Latest passport photographs (3)
- Part payment of at least N3, 000
- Letter of set-off already signed
Loans from commercial banks:
Another place to get agricultural loans is from commercial banks and they can offer you loans based on your preference. They have for a long duration, short duration and medium duration. These terms of loans have various criteria. Examples of such banks are First Bank, Access Bank, Stanbic IBTC, Union and UBA.
To access loans from them;
- You ought to have an account with them
- Apply and present an application for the loan
- Out of the overall money you want, make a part payment of 10%
- Present a collateral
- Present a complete plan of your business as well as your business’ viability study
Agricultural co-operative societies:
If you belong to any of these co-operatives, you have the opportunity of getting grants which are provided by banks.
To access these grants:
- Be a member of any of the co-operatives
- Apply to the bank using the letterhead of the co-operative which should be appended by a representative
- Present a complete viability study on your venture
If you do not know which co-operative to join, here are some:
- All Farmers Association of Nigeria (AFAN);
- Youth Empowerment in the Agricultural Program (YEAP);
- FADAMA
Summary of FGN Agric loan requirements
I am sure you have noticed that the prerequisites of all of them are similar so it will not be difficult to apply and fulfill them when the time comes.
The federal government has done all it can to better the lives of entrepreneurs and from these lists, you can now see that federal agricultural loans are many and you have all the right to access them. So what are you waiting for? Do not let your dreams die but rather avail yourself of these opportunities and make it work.
Muchas gracias. ?Como puedo iniciar sesion?
Your article helped me a lot, is there any more related content? Thanks!
Great job on this article! Its both informative and engaging. Im curious about your thoughts. Click on my nickname for more discussions!
Wow, that’s what I was searching for, what a
data! present here at this blog, thanks admin of this site.
They are able to also chart out a plan to where everything can be serviced quickly
and to be sure each line is routed properly.
What a information of un-ambiguity and preserveness of
valuable familiarity on the topic of unexpected feelings.
Wow, wonderful weblog layout! How lengthy have you been running a blog for?
you made running a blog glance easy. The overall look of your website is magnificent, as smartly as the
content material!
Hi, always i used to check webpage posts here in the early hours
in the break of day, since i like to learn more and
more.
I have been browsing online more than 2 hours today, yet
I never found any interesting article like yours.
It’s pretty worth enough for me. In my opinion, if all website owners and bloggers made good
content as you did, the web will be much more useful than ever before.
Good post however I was wondering if you could write a litte
more on this subject? I’d be very thankful if you
could elaborate a little bit further. Bless you!
You should take part in a contest for one of the highest quality websites online.
I am going to highly recommend this website!
Everyone loves it whenever people come together and share
ideas. Great site, continue the good work!
Pretty! This has been a really wonderful article. Thank you
for supplying this information.
My spouse and I absolutely love your blog and find many of
your post’s to be just what I’m looking for. Does one offer guest writers to
write content to suit your needs? I wouldn’t mind producing a post
or elaborating on some of the subjects you write about here.
Again, awesome site!
Hey there are using WordPress for your site platform?
I’m new to the blog world but I’m trying to get started and create my own. Do you need any coding knowledge to make your own blog?
Any help would be greatly appreciated!
A fascinating discussion is definitely worth comment. There’s no
doubt that that you need to write more about this topic, it may not be a taboo subject but usually people do
not speak about such issues. To the next! Many thanks!!
Tremendous issues here. I’m very glad to look your post.
Thank you so much and I’m taking a look ahead to
contact you. Will you kindly drop me a mail?
My partner and I stumbled over here from a different website and thought I might as well check things out.
I like what I see so now i’m following you. Look forward to exploring your web page for a second time.
We stumbled over here by a different web address and thought I should check things
out. I like what I see so i am just following you. Look forward to finding out about your web page again.
I was very happy to uncover this website. I want to to thank you for ones
time just for this wonderful read!! I definitely appreciated every part
of it and I have you saved as a favorite to check out new
things in your blog.
May I just say what a comfort to discover an individual who actually knows what they’re talking about on the net.
You certainly know how to bring an issue to light and make it important.
More people ought to read this and understand this side of your
story. It’s surprising you’re not more popular since you definitely possess
the gift.
Usually I do not learn post on blogs, however I wish to say that this write-up very pressured me
to check out and do it! Your writing taste has been surprised
me. Thank you, very great article.
Link exchange is nothing else but it is simply placing the other person’s web site link on your page
at suitable place and other person will also do same for
you.
I have been surfing on-line greater than 3 hours lately, but I never found any fascinating
article like yours. It’s pretty value enough for me.
Personally, if all site owners and bloggers made just right content material
as you did, the internet will probably be much more
helpful than ever before.
Hello, i think that i saw you visited my blog so i came to “return the favor”.I’m trying to find things to enhance my web
site!I suppose its ok to use some of your ideas!!
Awesome post.
I am truly thankful to the holder of this website who has shared this fantastic
piece of writing at here.
Setting and respecting boundaries preserves a sense of individual autonomy within the relationship.
Have you ever considered about including a little bit more
than just your articles? I mean, what you say is fundamental and all.
However think of if you added some great pictures or videos to give your posts more,
“pop”! Your content is excellent but with images and videos, this
site could certainly be one of the very best in its field.
Good blog!
I all the time used to study article in news papers but now as I am a user of
web therefore from now I am using net for posts, thanks to web.
Its such as you learn my mind! You appear to
know a lot about this, such as you wrote the e book in it or something.
I believe that you just can do with some p.c. to power the message house a little
bit, but instead of that, this is magnificent blog. A great read.
I’ll certainly be back.
Why users still make use of to read news papers when in this
technological globe everything is existing on net?
I agree with your point of view, your article has given me a lot of help and benefited me a lot. Thanks. Hope you continue to write such excellent articles.
LAVITA RICCA INTERNATIONAL INVESTMENT*
♦️♦️♦️♦️♦️♦️♦️
♦️♦️♦️♦️♦️♦️♦️
*NO MORE EXCUSES*
1. I don’t have money
2. I can’t talk to people
3. I don’t do stuff like this
4. I’m too Busy
Your excuses may be legit but they won’t improve your Life.
• *Lavita Ricca Investment is Fully Registered with with FGN. with RC NO 1582489( For those Who Think Lavita Ricca is Not Registered)* *Contact Administrator Management Mrs. Elizabeth Tina On *(09036369810)
*Lavita Ricca Investment is a platform network that deal with investing of money just within 45 minutes you will get back your money double*
?phone=+2349036369810
*Lavita Ricca PACKAGE’S*
*N20,000====N40,000*
*N40,000====N80,000*
*N50,000====N100,000*
*N100,000====N200,000*
*N200,000 ====N400,000*
*N400,000====N800,000*
*======== = = ========*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the MMM. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
*Are u a worker?*
 *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
 *Are u jobless and u need where u can make source of income?*..
 *Lavita Ricca Investment is here for you! With a little amount u can earn and make more more source of income without any problems*
 *Lavita Ricca Investment is a platform network that deal with investing of money just within 45mins you will get back your money double*
*Thank you for your time you can click on the link below to get started, please only serious minded people are expected to message the administrator.( 09036369810 )..
*LAVITA RICCA INVESTMENT PROGRAM*
♦️♦️♦️♦️♦️♦️
♦️♦️♦️♦️♦️♦️
*NO MORE EXCUSES*
1. I don’t have money
2. I can’t talk to people
3. I don’t do stuff like this
4. I’m too Busy
Your excuses may be legit but they won’t improve your Life.
• *LAVITA RICCA INVESTMENT PROGRAM is Fully Registered with CAC. WHICH IS COOPERATE AFFAIR COMMISSION( For those Who Think LAVITA RICCA INVESTMENT is Not Registered)*
*LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
CONTACT:- +2349036369810
*LAVITA RICCA INVESTMENT PROGRAM PACKAGE’S*
*N20,000====N40,000*
*N30, 000====N60,000*
*N50,000====N100,000*
*N100,000====N200,000*
*N200,000 ====N400,000*
*N400,000====N800,000*
*==============*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
*Are u a worker?*
♊ *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
♊ *Are u jobless and u need where u can make source of income?*.
♊ *LAVITA RICCA INVESTMENT PROGRAM is here for you! With a little amount u can earn and make more more source of income without any problems*..
♊ *LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
*Thank you for your time you can click on the link below to get started, please only serious minded People are expected to message the administrator.*…
CONTACT NAME Mrs. ELIZABETH TINA
CONTACT:- 09036369810
GOOD DAY SIR/MA
HAVE YOU HELD ABOUT RICH CONNECT TRUST INVESTMENT…?
RICH CONNECT TRUST INVESTMENT is a matrix system which give you DOUBLE of your CAPITAL back in ( 45 Minutes ) after Registrations
RICH CONNECT PACKAGES…
N20,000——N40,000
N40,000——N80,000
N50,000——N100,000
N100,000—–N200,000
N150,000—–N350,000
N300,000—–N600,000
N200,000—–N400,000
N400,000—–N800,000
N500,000—–N1,000,000
NOTE: we credit your account after 45mins of Your Registeration
INTRODUCTION
RICH CONNECT TRUST Investment is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Okafor Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
07046246360
ITS SIMPLE HERE!!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 100k within 45mins we make profit of 300k then send 200k to you then profit 100k This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly
Contact Mr. GOODLUCK TIMOTHY
07046246360
NOTE:- YOU GET CREDITED BACK IN LESS THAN 45 MINUTES…
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem…
*LAVITA RICCA INVESTMENT PROGRAM*
♦️♦️♦️♦️♦️♦️
♦️♦️♦️♦️♦️♦️
*NO MORE EXCUSES*
1. I don’t have money
2. I can’t talk to people
3. I don’t do stuff like this
4. I’m too Busy
Your excuses may be legit but they won’t improve your Life.
• *LAVITA RICCA INVESTMENT PROGRAM is Fully Registered with CAC. WHICH IS COOPERATE AFFAIR COMMISSION( For those Who Think LAVITA RICCA INVESTMENT is Not Registered)*
*LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
CONTACT:- +2349036369810
*LAVITA RICCA INVESTMENT PROGRAM PACKAGE’S*
*N20,000====N40,000*
*N30, 000====N60,000*
*N50,000====N100,000*
*N100,000====N200,000*
*N200,000 ====N400,000*
*N400,000====N800,000*
*==============*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
*Are u a worker?*
♊ *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
♊ *Are u jobless and u need where u can make source of income?*
♊ *LAVITA RICCA INVESTMENT PROGRAM is here for you! With a little amount u can earn and make more more source of income without any problems*
♊ *LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
*Thank you for your time you can click on the link below to get started, please only serious minded People are expected to message the administrator.*..
CONTACT NAME Mrs. ELIZABETH TINA
CONTACT:- 09036369810
*LAVITA RICCA INVESTMENT PROGRAM*
♦️♦️♦️♦️♦️♦️
♦️♦️♦️♦️♦️♦️
*NO MORE EXCUSES*
1. I don’t have money
2. I can’t talk to people
3. I don’t do stuff like this
4. I’m too Busy
Your excuses may be legit but they won’t improve your Life.
• *LAVITA RICCA INVESTMENT PROGRAM is Fully Registered with CAC. WHICH IS COOPERATE AFFAIR COMMISSION( For those Who Think LAVITA RICCA INVESTMENT is Not Registered)*
*LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
CONTACT:- +2349036369810
*LAVITA RICCA INVESTMENT PROGRAM PACKAGE’S*
*N20,000====N40,000*
*N30, 000====N60,000*
*N50,000====N100,000*
*N100,000====N200,000*
*N200,000 ====N400,000*
*N400,000====N800,000*
*==============*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*..
*Are u a worker?*
♊ *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
♊ *Are u jobless and u need where u can make source of income?*
♊ *LAVITA RICCA INVESTMENT PROGRAM is here for you! With a little amount u can earn and make more more source of income without any problems*..
♊ *LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
*Thank you for your time you can click on the link below to get started, please only serious minded People are expected to message the administrator.*
CONTACT NAME Mrs. ELIZABETH TINA
CONTACT:- 09036369810
We need financial loan to go back to farm.
I need a loan to grow my business
*LAVITA RICCA INVESTMENT PROGRAM*
♦️♦️♦️♦️♦️♦️
♦️♦️♦️♦️♦️♦️
*NO MORE EXCUSES*
1. I don’t have money
2. I can’t talk to people
3. I don’t do stuff like this
4. I’m too Busy
Your excuses may be legit but they won’t improve your Life.
• *LAVITA RICCA INVESTMENT PROGRAM is Fully Registered with CAC. WHICH IS COOPERATE AFFAIR COMMISSION( For those Who Think LAVITA RICCA INVESTMENT is Not Registered)*
*LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
CONTACT:- +2349036369810
*LAVITA RICCA INVESTMENT PROGRAM PACKAGE’S*
*N20,000====N40,000*
*N30, 000====N60,000*
*N50,000====N100,000*
*N100,000====N200,000*
*N200,000 ====N400,000*
*N400,000====N800,000*
*==============*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
*Are u a worker?*
♊ *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
♊ *Are u jobless and u need where u can make source of income?*
♊ *LAVITA RICCA INVESTMENT PROGRAM is here for you! With a little amount u can earn and make more more source of income without any problems*
♊ *LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
*Thank you for your time you can click on the link below to get started, please only serious minded People are expected to message the administrator.*
CONTACT NAME Mrs. ELIZABETH TINA
CONTACT:- 09036369810…
I am a student looking for school fees
I need money for business
*LAVITA RICCA INVESTMENT PROGRAM*
♦️♦️♦️♦️♦️♦️
♦️♦️♦️♦️♦️♦️
*NO MORE EXCUSES*
1. I don’t have money
2. I can’t talk to people
3. I don’t do stuff like this
4. I’m too Busy
Your excuses may be legit but they won’t improve your Life.
• *LAVITA RICCA INVESTMENT PROGRAM is Fully Registered with CAC. WHICH IS COOPERATE AFFAIR COMMISSION( For those Who Think LAVITA RICCA INVESTMENT is Not Registered)*
*LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
CONTACT:- +2349036369810
*LAVITA RICCA INVESTMENT PROGRAM PACKAGE’S*
*N20,000====N40,000*
*N30, 000====N60,000*
*N50,000====N100,000*
*N100,000====N200,000*
*N200,000 ====N400,000*
*N400,000====N800,000*
*==============*
*I know you are skeptical about this because of the negative experience a lot of issues as regards scamming in the global world. I assure you 101% that you won’t lose your money this is because I know the risk of this profit oriented business and I know how to avoid them using my trading skills and signals to make only wins and no losses.*
*Are u a worker?*
♊ *Are u a student looking for your school fees? Are u a woman looking for money to pay your children school fees?*
♊ *Are u jobless and u need where u can make source of income?*
♊ *LAVITA RICCA INVESTMENT PROGRAM is here for you! With a little amount u can earn and make more more source of income without any problems*
♊ *LAVITA RICCA INVESTMENT PROGRAM is a platform network that deal with investing of money just within 45mins you will get back your money double*
*Thank you for your time you can click on the link below to get started, please only serious minded People are expected to message the administrator.*
CONTACT NAME Mrs. ELIZABETH TINA
CONTACT:- 09036369810.