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AGRIC BUSINESS
ACCELERATED AGRICULTURAL DEVELOPMENT SCHEME (AADS)
The AADS is a special scheme under the CBN Anchor Borrowers' Program (ABP) to provide funds to State Governments on-lending to prospective Nigerian youth farmers.
Features
• Target Market: State Governments across the Federation
• Single Obligor Limit: N3bn
• Maximum interest rate: 5% per annum, inclusive of all charges (till February
2022). Interest rate reverts to maximum 9% p.a. thereafter
• Tenor: Depends on the gestation period of the project being financed
• Repayment: Repayment would be by monthly deduction from Irrevocable
Standing Payment Order (ISPO)
• Moratorium: Period allowed will depend on confirmed business cash flows
and/or transaction dynamics
• Collateral:ISPO
More information:
AgricBusinessGroup@accessbankplc.com
