CBN Accelerated Agriculture Development Scheme Recruitment of 370000 Nigerian Youths.
To address the food security and youth unemployment challenges across the country, the CBN introduced the Accelerated Agriculture Development Scheme (AADS) to engage 370,000 youth in agricultural production, in collaboration with state governments.
See how you can register and benefit from the CBN Private Sector-Led Accelerated Agriculture Development Scheme (P-AADS) 2020.
Table of Contents
CBN Private Sector-Led Accelerated Agriculture Development Scheme (P-AADS)
The broad objective of the P-AADS is to facilitate increased private sector agricultural production of staple foods and industrial raw materials, as well as support food security, job creation and economic diversification.
Accelerated Agriculture Development Scheme (P-AADS) Funding
The Private Sector-Led Accelerated Agriculture Development Scheme (P-AADS) shall be funded from the Anchor Borrowers’ Programme (ABP).
P-AADS Loan Application 2020/2021
The maximum loan accessible under the Scheme shall be N2 billion per obligor.The facility shall be repaid from the Economics of Production (EOP) for cultivating on the cleared farmland.
P-AADS Loan Interest Rate
Interest rate under the intervention shall be 5.0% p.a. (all inclusive) up to 28th February 2021. Interest on the facility from 1st March 2021 shall be 9% p.a. (all inclusive).
Duration of P-AADS Loan
P-AADS Loan Tenor for
-Annual crops: Maximum tenor of six (6) years with six (6) months moratorium.
-Perennial crops: Maximum tenor of ten (10) years with one-year moratorium.
How to register/benefit from CBN P-AADS Loan
For more details on how to apply or register for P-AADS Loan visit the link provided below
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