firstbank-agro-loan-by-agroconnectsHow to get access to First Bank Agro Loan
Special credit intervention fund of N200billion created by the Federal Government of Nigeria to fast track the development of the agricultural sector.
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Features

  • Maximum obligor limit is N2billion for medium and large scale private sector enterprises and N1billion for state governments.
  • The participating private sector entity must have a minimum farm asset base of N50million (excluding farm land)
  • Irrevocable Standing Payment Order is required in the case of State Governments
  • Target Market

  • Medium or Large Scale Commercial Farms involved in cultivation of crops, rearing of livestock, fisheries, etc.
  • Limited Liability Companies involved in agricultural production, storage, processing, marketing and enterprise development.
  • State Governments and the FCT (for on-lending/special intervention to small scale farmers)

  • Unique Selling Tips

  • single digit interest rate (9% all-in, max)
  • fund available till 2025
  • Required Documents

  • Formal application for a credit Facility.
  • Certificate of Incorporation
  • Memorandum and Article of Association
  • Board Resolution to Borrow
  • Feasibility Study/Business Plan
  • Final Step
    Customers interested in taking up our facilities can contact the Agric Finance Desk through any of the following

  • Email: agric@firstbanknigeria.com
  • Info From: www.firstbanknigeria.com

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