Fast Approval Checklist
- Step 1: Provide evidence of operational agro-processing activity (grain milling, cassava processing, fish smoking, or cold storage).
- Step 2: Submit quotations for processing equipment from verified manufacturers or engineering fabricators.
- Step 3: Present 12 months of agribusiness trading history and off-taker sales agreements.
- Step 4: Access concessionary single-digit loans (from 9% per annum) with extended repayment moratoria.
Unlocking Value in Nigeria’s Agricultural Value Chain
Nigeria loses over 40% of fresh agricultural produce—including tomatoes, plantains, maize, and cassava—to post-harvest spoilage and lack of temperature-controlled storage. Primary farming is risky, but agro-processing, commercial drying, grain silos, and solar-powered cold hubs convert perishable harvests into shelf-stable, high-margin commodities.
Priority Equipment Funded Under Agro-Allied Loans
- Industrial grain de-stoners, hammer mills, and color sorters for rice and maize.
- Cassava processing lines for High-Quality Cassava Flour (HQCF) and industrial starch.
- Solar-powered walk-in cold rooms for horticultural and seafood preservation.
- Oil palm processing presses and extraction machinery.
- Automated packaging and vacuum-sealing equipment for supermarket distribution.
Helpful Loan Resources & Links
- Explore Agribusiness & SME Loan Options
- Bank of Industry Agro-Processing Fund (BOI)
- Federal Ministry of Agriculture and Food Security (FMAFS)
Frequently Asked Questions
Can smallholder cooperative groups apply jointly?
Yes! Registered farmers cooperatives and agro-allied associations can pool turnover to access collective equipment financing.
What is the repayment tenure for agricultural machinery loans?
Machinery and storage facilities feature extended tenures between 3 and 5 years, with seasonal moratoriums aligning with harvest and planting cycles.
