CBN Grants 1.232 million Loans to Farmers

The Agricultural Credit Guarantee Scheme Fund, managed by the Central Bank of Nigeria, has guaranteed 1.232 million loans given to farmers across the country.

According to the Chairman, of the Fund Stephen Okon, a total of 1,232,326 loans valued N130.903b were guaranteed from inception to May 2022.

The monetary value of the loans was estimated at N130.903 billion.