FirstBank 2022 Commercial Agriculture Credit Scheme

Are you a graduate seeking for a job? Have you been job hunting for so long? Or have you been dreaming of being employed in the FirstBank Commercial Agriculture Credit Scheme? If your answer is in the affirmative to any of those questions above, then this golden opportunity is for you. We know you won’t let it slip you by. See Full Details on FirstBank Commercial Agriculture Credit Scheme

The FirstBank Commercial Agriculture Credit Scheme 2022, 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. Apply Here

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

  • Funding provided at cheap cost.
  • Longer tenor of loan.
  • Funding targeted to specific agricultural production.

Target Market

  • Medium or Large Scale Commercial Farms involved in cultivation of crops, rearing of livestock, fisheries, etc.
  • Limited Liability Companies involved in agricultural production, storage, processing, marketing and enterprise development.
  • State Governments and the FCT (for on-lending/special intervention to small scale farmers).
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How to Apply for First Bank Commercial Agriculture Credit Loan

To begin, visit https://www.firstbanknigeria.com/business/agriculture/commercial-agriculture-credit-scheme/#

The 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

  • Funding provided at cheap cost.
  • Longer tenor of loan.
  • Funding targeted to specific agricultural production.

Target Market

  • Medium or Large Scale Commercial Farms involved in cultivation of crops, rearing of livestock, fisheries, etc.
  • Limited Liability Companies involved in agricultural production, storage, processing, marketing and enterprise development.
  • State Governments and the FCT (for on-lending/special intervention to small scale farmers).

How to Apply for First Bank Commercial Agriculture Credit Loan

To begin, visit https://www.firstbanknigeria.com/business/agriculture/commercial-agriculture-credit-scheme/#

NOTE:

  • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it. Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web
  •  We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
  •  Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
  • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
  • Applications submitted after the deadline will not be considered.
  • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
  • Only qualified candidates will be invited for interview
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Important Notice

  • The above statements are intended to describe the general nature and level of work to be performed by people assigned to it.
  • They are not to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
  • All personnel may be required to perform other responsibilities in addition to those specified from time to time, as needed.
  • We do not charge any application, processing, training, interviewing, testing or other fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
  • Furthermore, please note that emblems, logos, names and addresses are easily copied and reproduced. Therefore, you are advised to apply particular care when submitting personal information on the web.
  • We are an equal opportunity employer and value diversity inclusion. We do not discriminate on grounds of colour, race, nationality, religion, age, ethnic origin, disability, gender, marital status, or sexual orientation in our employment practices
  • Our people are all equally gifted in unique ways: we come from diverse traditions, personal experiences and points of view. And we want to include yours, Are you ready to inspire us with your ideas?
  • We encourage all applicants to apply and does not practice any discrimination in any recruitment process.
  • Applications submitted after the deadline will not be considered.
  • Due to the urgency of the position, we have the right to recruit a candidate who matches the required profile before the above deadline
  • Only qualified candidates will be invited for interview
Recommended: Ongoing Massive Recruitment for Academic & Non-Academic Staff at the University of Ibadan

Please Note: 

  • PINNACLE REPORT Is A Nigeria Online Media Platform, That share daily updates on available Jobs, vacancies, local and international scholarships, Government/international organization loans and grants.
  • we can not assist any applicant secure a job, loan, grant or scholarship. We only share the information for interested persons to apply.
  • Our admins will never call any applicant requesting for payment of my kind or request for any OTP code. Our services are absolutely free of charge. Beware of fraudsters
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