Commercial Agriculture Credit Scheme (CACS)

Special credit intervention fund of N200billion created by the Federal Government of Nigeria to fast track the development of the agricultural sector.

  • 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
  • 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)
  • single digit interest rate (9% all-in, max)
  • fund available till 2025
  • Formal application for a credit Facility.
  • Certificate of Incorporation
  • Memorandum and Article of Association
  • Board Resolution to Borrow
  • Feasibility Study/Business Plan
  • Customers interested in taking up our facilities can contact the Agric Finance Desk through any of the following
  • Email: agric@firstbanknigeria.com