Page 9 - Inside-Access-August-4th_Edition

AGRIC BUSINESS
Non-Oil Export
Stimulation Facility
(NESF)
The facility is essentially designed to redress the declining export credit and reposition in the sector to increase its contribution to revenue generation and economic development. To implement the facility, CBN has invested in a N500 billion debenture to be issued by Nigerian Export-Import Bank (NEXIM).
Features:
Target Market:
Agricultural commodities with export potential,
(cocoa, cashew, shea, ginger etc.)
Single Obligor Limit:
70% of the total cost of the project subject to a max. of N5bn
Tenor:
One-year maximum tenor (with the option of
a roll-over not exceeding twice) for working capital
Quarterly Repayment:
On principal and interest components of loan
Moratorium:
Shall be project specific
Maximum Interest Rate:
5% per annum, inclusive of all charges (till February 2022). Interest rate reverts to maximum 9% p.a. thereafter
Collateral:
Required in line with the Bank's policy
More information:
AgricBusinessGroup@accessbankplc.com
NESF
PAGE 9 INSIDE ACCESS | AUGUST 2021 4TH EDITION