BOI —This Fund provides Agro processors with access to finance and technology to convert the nation’s agriculture products to economic prosperity.
Why CAP Fund?
- Projects are expected to be located in the areas with comparative advantages in terms of the available agricultural raw material within each state.
- This is expected to create a minimum of 5,000 direct and 15,000 indirect (totaling 20,000) jobs for Nigerians.
Other Product Features
- Single digit interest rate (9%)
- 5-year tenor with 6-month moratorium
- Beneficiaries are expected to make a 20% equity contribution.
- Applicants must satisfy all relevant statutory and regulatory requirements as applicable.
- Reputable equipment suppliers shall be identified for the supply, installation, commissioning and maintenance of the processing equipment, which come with a warranty of 3 years.
- SME-friendly commercial banks have been identified for the provision of working capital loans at competitive interest rates.
States and Agricultural produce considered
|States||Agricultural Produce Considered|
|Abia||Oil Palm, Cassava, Cashew|
|Anambra||Oil Palm, Cassava, Yam|
|Adamawa||Maize, Rice, Livestock|
|Akwa Ibom||Oil Palm, Cassava, Cocoa|
|Bauchi||Millet, Rice, Livestock|
|Bayelsa||Kassava, Aquaculture, Plantain|
|Benue||Rice, Yam, Cassava|
|Borno||Aquaculture, Rice, Livestock|
|Cross River||Oil Palm, Cassava, Rice,|
|Delta||Oil Palm, Cassava, Aquaculture|
|Edo||Oil Palm, Cassava, Yam|
|Ekiti||Cocoa, Rice, Cassava|
|Ebonyi||Oil Palm, Cassava, Rice|
|Enugu||Oil Palm, Cassava, Rice|
|Gombe||Cotton, Rice, Groundnut|
|Imo||Oil Palm, Cassava, Cashew|
|Jigawa||Rice, Groundnut, Livestock|
|Kaduna||Rice, Maize, Ginger|
|Kano||Tomatoes, Groundnut, Livestock|
|Katsina||Groundnut, Rice, Livestock|
|Kebbi||Rice, Maize, Livestock|
|Kogi||Cassava, Cashew, Oil Palm|
|Kwara||Rice, Aquaculture, Coconut|
|Nassarawa||Cassava, Rice, Yam|
|Niger||Rice, Sorghum, Shea Nut|
|Ogun||Cocoa, Oil Palm, Rice|
|Ondo||Cocoa, Oil Palm, Cassava|
|Osun||Oil Palm, Cassava, Cocoa|
|Oyo||Oil Palm, Cassava, Cocoa|
|Plateau||Maize, Cassava, Rice|
|Rivers||Oil Palm, Cassava, Aquaculture|
|Sokoto||Beans, Sorghum, Leather Products|
|Taraba||Rice, Cassava, Livestock|
|Yobe||Groundnut, Maize, Sorghum|
|Zamfara||Maize, Rice, Cotton|
|FCT||Rice, Cassava, Yam