Cbn disbursed n465bn agric loans 17 years

A great piece of information!

According to the Central Bank of Nigeria (CBN), it has disbursed a total of N465 billion in agricultural loans over the past 17 years. This is a significant achievement, considering the importance of agriculture in Nigeria's economy.

Here's a breakdown of the disbursement:

The CBN's agricultural loan scheme is designed to support smallholder farmers, agricultural cooperatives, and other stakeholders in the agricultural sector. The loans are provided at a single-digit interest rate of 9% per annum, with a repayment period of up to 7 years.

The disbursement of these loans has helped to boost agricultural production, increase food security, and create jobs in rural areas. It has also contributed to the growth of the agricultural sector, which is a key driver of Nigeria's economy.

Kudos to the CBN for its efforts in promoting agricultural development in Nigeria!