First Bank Commercial Agriculture Credit Loan Application Form Portal – This update is to inform the general public on the steps to apply or register for First Bank Commercial Agriculture Credit Loan that is currently ongoing for all interested and qualified persons to apply or register. All you need to register successfully for First Bank Commercial Agriculture Credit Loan are all contained here

First Bank Commercial Agriculture Credit Loan Application Form Portal – See How to Apply

The Commercial Agriculture Credit Scheme is a special credit intervention fund of originally, N200billion created by the Federal Government of Nigeria to fast-track the development of the agricultural sector economy by providing credit facilities to commercial agricultural enterprises at a single-digit interest rate.

The key agricultural commodities covered under the Scheme are:

• Production:
  • Cash Crops: Cotton, Oil Palm, Fruit Trees. Rubber, Sugar Cane, Jatropha Curcas and Cocoa.
  • Food Crops: Rice, Wheat, Cassava, Maize/Soya, Beans/Millet, Tomatoes and Vegetables
  • Poultry: Broilers and Eggs Production
  • Livestock: Meat, Dairy and Piggery
  • Aquaculture: Fingerlings and Catfish
• Processing: Feed-mills Development, Threshing, Pulverisation and other forms of transmutation for value addition.
• Storage: Commodities, Agro-Chemicals and Warehousing.
• Farm Input Supplies: Fertilizers, Seeds/Seedlings, Breeder Stock, Feeds, Farm equipment & Machineries.
• Marketing: Agricultural commodities under the focal investment areas.

Features

• Single digit interest rate (9% all-in, max).
• Single obligor limit of up to 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 (ISPO) is required in the case of State Governments.
• Fund available till 2025.
• Loan tenor of up to 5 years.

Value Proposition/Gain