Many Nigerians are not aware that a lot is going on in the Agricultural Sector. The volume of money going into the sector, both from local and international sources is going to blow your mind! These funds run into trillions of Naira, but only few individuals and companies know the secret of how to access this unimaginable volume of money. Before I go on to reveal the secret of how you can lay your hand on this fund, let me first list some of the funds available for grabs!

a. CBN - N200 billion for Commercial Agricultural Credit Scheme (CACS)


b. CBN - N220 billion for Micro, Small and Medium Enterprises Development Fund (MSMEDF)

c. World Bank - $200 million (about N70 billion) for Commercial Agricultural Development Project (CADP)

d. African Development Bank (AFDB) - $800 million (about N280 billion) for Technology for African Agriculture Transformation (TAAT)

e. African Development Bank (AFDB) - $24 billion (over eight trillion Naira) to support Nigeria's Agric Sector (this money is on its way according to Adesina, the Bank's Boss)

f. Bank of Industry - N5 billion for Cottage Agro Processing (CAP)

g. FCMB - N10 billion for Young Farmers

The above list is not comprehensive, but represents the major Agric funds from local and international financial institutions. There are many others not listed here, but all are disbursed through Commercial and Micro Finance banks.

Initially, I designed this Article for Abuja residents, where I know it is very easy to access and obtain these funds, but a very senior banker told me that the formula can work in any State of Nigeria as long as you know the game.

Before I go on, you must promise that you are not going to use this information I am about to reveal to shortchange the Country. This is because I know many people and Companies that collaborate with some bank official to access these funds through this formula, but diverteed the cash to the importation of cars from Auction Export dot com, instead of Agro Investments. One of the guys I know even used his own to finance a contract; but these monies are meant for farming and Agro Industries. To me, this is economic sabotage. Do not use my formula to sabotage Government's efforts to commercialize and optimize the Agro potentials of Nigeria. If you do, you are on your own!

Now, lets go there!
We all know that whenever you ask for loan from any Nigerian Bank, you would be asked to provide collateral, bring your Senator, your great grand father must appear and sign, a General from your community must come to surety you; and all those funny, funny requirements that make it extremely difficult to access loans in Nigeria. The reason is simple: the money is reserved for a few! It is not for all. The political economy of asking you to deposit the skull of the first King of your Town is just to scare you away. The conditionalities of the money is designed and structured to put fear in you, so that the few can run their things! But if you understand the game, you will join the few.

I am bursting this game because these funds are very huge. It can serve a greater percentage of the society. It can reduce poverty and unemployment if judiciously employed. It kept coming; and it will continue to come because the Federal Government of Nigeria has shifted its Policy to the development of the Agricultural Sector.

So, back to the game. You must understand two things:
i. adequacy of collateral is the number one consideration for giving you any loan in Nigeria. Forget all those other stories of viability of your plan and other such empty talks.
ii. collateral is their most potent tool used to scare you away.

Now, how do people access these huge Agric loans?
Read the full Post here: https://abujafarmland..com.ng/2017/10/how-to-obtain-cbns-multi-billion-agric.html

SOURCE: https://abujafarmland..com.ng/