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COMMERCIAL AGRICULTURAL CREDIT SCHEME
Despite the actions of the CBN, growth in the sector is yet to show a remarkable improvement.
SEC ha expressed worry that credit to agriculture sector in the last 10 years remains as low as 5%, severely hampering the sector’s growth.
The CBN disbursed the sum of N299.16 billion through six (6) Agricultural Schemes in 2018. According to the Central Bank’s annual report for 2018, various agricultural schemes include the Anchor Borrowers’ Programme
Recent figures obtained from the Central Bank of Nigeria (CBN) have shown that the apex bank disbursed the sum of N607.87 billion credit to some Deposit Money Banks to fund some 587 agricultural projects.