How to Secure Interest-Free Agric Loan in Nigeria?

I’m a farmer and own a palm plantation (inter-cropped with cassava) in Ebonyi. i’m looking forward to expanding my business but i need some kind of funding. how can i access the federal govt interest-free agricultural loan?

New Member Asked on November 25, 2017 in Agriculture.
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  • 3 Answer(s)
      Best answer

      Last year, it was all over that The Central Bank of Nigeria (CBN) approved
      the disbursement of about N75billion as loan to
      farmers in the 36 states and the Federal Capital
      Territory (FCT) under the Nigerian Incentive-
      Based Risk Sharing in Agricultural Lending

      That was all we heard. The requirement, process and even testimonies of people that successfully acquired the loan is not known.

      I don’t think it’s still functioning because so far, no one that I have seen or known or heard of has come out to say he or she got the loan.

      I will advice you to get loan from elsewhere although with interest. The payment of the interest should not be a problem since you are going to make profits from your farm. And you are confident in what you are doing.

      Expert Consultant Answered on November 26, 2017.
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        Hello Mr Ude, kindly contact as I am also a Palm Oil farmer in Ebonyi state looking to start up my business.

        New Member Answered on March 19, 2018.
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          You can click on his username to contact him by mail

          Expert Consultant Answered on March 19, 2018.
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