CBN Seeks Market-driven Agricultural Lending, Repositions Credit Guarantee Scheme
● Cardoso: public funds alone can’t finance sector’s ambitions, adds public interventions must address market failures, not replace commercial lending decisions ●ACGSF unveils new identity, online portal and revised operational
The Central Bank of Nigeria (CBN) is seeking to restructure agricultural financing by moving away from public-sector interventions to a market-driven approach. CBN Governor, Mr. Olayemi Cardoso, stated that public funds alone cannot sustainably finance the country's agricultural ambitions and that public interventions must be designed to correct market failures and reduce structural constraints.
The CBN aims to shift the focus of agricultural credit guarantee arrangements from merely protecting financial institutions against loan defaults to becoming instruments for unlocking larger volumes of commercial and development finance across the agricultural value chain.
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