CBN repositions agricultural credit guarantee scheme

By Emma Ujah, Abuja Bureau Chief
The Central Bank of Nigeria (CBN) has announced plans to reposition its development finance strategy towards a market-based and sustainable framework to boost agricultural financing and attract greater private-sector investment.

CBN Governor, Olayemi Cardoso, disclosed this at the National Stakeholder Roundtable on “Strengthening Agricultural Credit Guarantees for Inclusive and Sustainable Growth” held in Abuja on Monday.

His address was read on his behalf by the Deputy Governor, Financial System Stability, Lamido Abubakar.

Cardoso said the repositioning would focus on market-based financing, increased private-sector participation, stronger i...