Wednesday, September 5, 2012

Commercial Agriculture Credit Scheme

The CBN has just released N45b to participating banks in respect of 75 Commercial Agriculture Credit Scheme. To date the CBN has released N197b to 252 beneficiaries (222 private sector and 30 state governments) under this scheme. In terms of Geopolitical spread of the projects, ie rank in order of volume 1. SW 45% 2. NW 18% 3. NC 12% 4. SS 10% 5. SE 9% 6. NE 4% Some of the Beneficiaries of this fund include, Ebony Agro, Umza Farms, Stine Industries Nnewi, Grand Cereals Jos, Beloxxi Biscuits Factory Agbara, Rivers Vegetable oil, Temo starch and Glucose Coy, Yammfy Farms Kwara, Premier Feed mill. My focus is that the entire North which is agrarian is just 34%! This with Sanusi at the CBN. I hope El Rufai will take this up