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CBN P-AADS Farmers Loan – Apply Here



Five (5) FG Agriculture Loans

Are you a youth looking for a loan to expand your agricultural business?. You don’t need to look further, We will be walking you through how to apply for the Federal Government of Nigeria in collaboration with CBN farmers loan called Accelerated Agricultural Development Scheme (P-AADS).

Before we move ahead, if you are among the shortlisted Npower Batch C Stream 1 applicants, you will be happy to know that the List of PPAs For Batch C has been sent to NASIMS

The Central Bank of Nigeria in collaboration with state governments introduced the Accelerated Agriculture Development Scheme (AADS) in order to address the issue of food security and youth unemployment challenges across the country by engaging 370,000 youth in agricultural production.

The Objective of P-AADS

  1. Fast track land clearing for primary production of agricultural commodities;
  2. Promote food security through the provision of large contiguous land for agricultural production across all states;
  3. Collaborate with agro-processors engaged in backward integration by providing financing for extended land clearing in proximal locations for cultivating commodities for the supply of industrial raw materials;
  4. Support other capable stakeholders interested in unlocking land for agriculture through appropriate financing; and
  5. Engender job creation for individual farmers that will cultivate on the cleared land.

You may also want to read Agriculture Research Grants 2020/21 International Agricultural Grants

Loan Tenor Of P-AADS

 Annual crops: Maximum tenor of six (6) years with six (6) months moratorium.

Perennial crops: Maximum tenor of ten (10) years with a one-year moratorium.

Collateral Requirement: The collateral to be pledged by participants under the Scheme shall be title of the cleared land and other acceptable collateral prescribed under the ABP.   CBN shall bear 50% of the credit risk in the event of default by the participant.

Eligible Focal Commodities for P-AADS Farmers Loan

Agricultural commodities eligible for consideration under the Scheme are:

  • Rice
  • Maize
  • Cassava
  • Cotton
  • Wheat
  • Tomato
  • Poultry
  • Fish
  • Sorghum
  • Oil Palm
  • Cocoa
  • Livestock/Dairy

Eligible Applicants

  1. Agro-processors of agricultural commodities engaged in backward integration;
  2. Prime anchors and commodity associations participating under the Anchor Borrowers’ Programme (ABP) with evidence of contiguous land readily available for clearing and cultivation of agricultural commodities; and
  3. Other companies and individuals with evidence of ownership of contiguous land
    readily available for clearing and cultivation of agricultural commodities.

You may also want to read Federal Government Loans For Small Businesses To Apply in Nigeria

Eligibility Criteria

Prospective P-AADS participants must:

  • Be existing or new firms engaged in agricultural production with proven capacity
    and bankable proposal
  • possess acceptable title for contiguous lands of not less than 20 hectares;
  • Have a good credit record
  • Be able to provide the required collateral for participation and
  • Provide evidence of capacity to cultivate a focal commodity directly or engagement of farmers, including youths as in-growers or out-growers to cultivate on the land after clearing.

Loan Limit

The maximum loan accessible under the Scheme shall be N2 billion per obligor. The facility shall be repaid from the Economics of Production (EOP) for cultivating on the cleared farmland.


Repayment of the facility shall be made on an installment basis through the participating banks and spread over the EOP of the cultivated commodities. The participating banks shall remit repayments received to the CBN on a quarterly or annual basis depending on the commodity financed.

How To Apply For The CBN farmers loan P-AADS

Interested applicants should follow the below steps to apply for the P-AADS loan

1) Visit any commercial banks closer to you e.g Zenith bank, GTB, Union bank, FCMB, etc. In this case, your own bank is the most appropriate since all commercial banks in Nigeria are participating in the scheme

2) Ask for the risk management unit to request a P-AADS application form
3) Your bank will keep you updated if your application is successful.

To get more information about the click HERE

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