Recruitment Shortlisted Candidates
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap
Recruitment Shortlisted Candidates
 Earn Cash
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap
Earn cash
Recruitment Shortlisted Candidates
Recruitment Shortlisted Candidates
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap
 Earn Cash

©2022 Soledad, A Technology Media Company – All Right Reserved. Designed and Developed by PenciDesign

Loan And Grant

CBN Disburses ₦6.25 Billion to Rice Farmers-Paddy Aggregation Scheme

by myeduproject June 2, 2022
written by myeduproject Published: June 2, 2022Last Updated on June 4, 2022
0 comment FacebookTwitterPinterestLinkedinWhatsappTelegram

CBN Disburses ₦6.25 Billion to Rice Farmers-Paddy Aggregation Scheme

CBN disburses ₦6.25 billion to rice farmers across the country under the Paddy Aggregation Scheme, CBN governor, Godwin Emefiele made this statement known in Abuja during the Monetary Policy Committee.

The Paddy Aggregation Scheme (PAS) is aimed at Integrating Rice Millers and Large Scale Aggregators to enable them to purchase home-grown rice.

It aims to provide credit facilities to integrated rice millers and large-scale rice paddy aggregators at a single-digit interest rate to increase local production of rice towards effecting lower prices and enhancing national food security.

The features include:

The single-digit interest rate at five percent; bullet loan repayment after 12 months for loans that have 12 months tenor;

No    obligor limit applicable;

 Applicant must have a functional silo;

It has 24 monthly loan tenor.

 “Under the Paddy Aggregation Scheme, N6.2bn was disbursed by the Bank to three new projects for the purchase and mopping-up of home-grown rice paddy.

“This brings the total funds disbursed to 42 integrated rice millers under the PAS to N106.39bn.”

Source

Related Posts

>SEIFAC Loan Disbursement 2022: Heritage Bank Gives Update

>AFJP Farmer Enumerators Update: FMARD Begins First Batch of Payment

>CBN Empowerment Program 2022/2023 | NEXIT Loan & Training Update

>SEIFAC Loan Disbursement 2022: Heritage Bank Gives Update

>Enumerators AFJP loan and fertilizer subsidy Update 2022

previous post
2023 Presidency: Atiku Abubakar Map out Plans for the Nigerian Youths
next post
Npower Batch C stream 2 Physical Verification Commences 13th June

Leave a Comment

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • Bauchi State Civil Service Recruitment 2025| Application Update

    May 5, 2025
  • Link to Appy for FG Creative Economy Development Fund CEDF| cedfnigeria.com

    May 5, 2025
  • Link to Apply For NWDC Undergraduate and Postgraduate Foreign Scholarship 2025/2026

    May 5, 2025
  • Link to Check JAMB UTME Result 2025| www.jamb.gov.ng/efacility

    May 5, 2025
  • DSS/SSS Recruitment for 2025/2026 (Offline Application Form)

    May 5, 2025
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Terms And Conditions

@2020 - All Right Reserved.

Recruitment Shortlisted Candidates
  • Home
  • Education Scholarships
  • Job Offers
  • Loan And Grant
  • News
  • Technology
  • Sitemap

Read alsox

Have You Applied Theobarth Global Foundation Grant...

May 14, 2022