NADF to boost agricultural funding with non-interest finance
The National Agricultural Development Fund has validated its proposed Non-Interest Finance Framework to widen access to agricultural financing for farmers. Read More: https://punchng.com/nadf-to-boost-agricultural-funding-with-non-interest-finance/
The National Agricultural Development Fund (NADF) is in the process of reviewing its proposed Non-Interest Finance Framework and Guidelines to expand agricultural financing options and support Nigeria's food security goals. The initiative aims to create diverse, innovative financing models for farmers, agribusinesses, and other agricultural players across the value chain.
NADF's Executive Secretary, Mohammed Ibrahim, emphasized that non-interest finance is an essential component of Nigeria's financial system, providing ethical, asset-backed, and risk-sharing financing options. The framework, which is currently being validated, would offer a structured and transparent basis for delivering agricultural interventions through licensed non-interest financial institutions, while ensuring adherence to governance, operational, and Sharia compliance standards.
Dr. Paul Oluikpe, Director of the Development Finance Advisory Department at the Central Bank of Nigeria, welcomed the proposed framework, stating it would help bring underutilized financing dimensions into mainstream agricultural finance.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
