A Bill for an Act to Amend the Agricultural Credit Guarantee Scheme Fund Act to Promote Commercial Agriculture in Nigeria; Ensure Credit Support for Production, Storage, Processing of Target Commodities; Market and Enterprise Development; Provide Concessionary Funding for Agriculture and for Related Matters

Abstract

This Bill seeks to amend the Agricultural Credit Guarantee Scheme Fund Act promote commercial agricultural enterprises in Nigeria; ensure credit support, production, storage, processing of target commodities; provide market a enterprise development; among other things provide concessionary funding agriculture. This Scheme also provide fund which shall complement other special initiatives of the Central Bank of Nigeria in providing concessionary funding for agriculture such as the Agricultural Credit Guarantee Scheme (ACGS) which is mostly for small scale farmers, Interest Draw-back scheme and Agricultural Credit Support Scheme.