CBN release Guideline for the operation of the Agricultural Credit Support Scheme (ACSS)

August 25th, 2006

Posted by admin in Bank of Nigeria News |

An Agricultural Credit Support Scheme (ACSS), has been established through the initiative of the Federal Government and Central Bank of Nigeria with the support of and participation of the Bankers committee. The shall have a fund of N50.0 billion from the contributions of the key participants. The purpose of ACSS is to develop the agricultural sector of the Nigerian economy by providing credit facilities to farmers at a single digit interest rate. According to the guidelines, the ACSS shall be managed by a 21 member committee central implementation committee (CIC) headed by a chairman.

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