CBN tasks banks to embrace agricultural credit guarantee scheme

The Central Bank of Nigeria (CBN) on Thursday called on financial institutions in Edo State to embrace the Agricultural Credit Guarantee Scheme Fund (ACGSF) to address food insecurity in the country.

Jumbo Davis, CBN Benin branch controller made the call during the presentation of the best farmer of the year 2020 award to the client of LAPO Microfinance Bank and Prosperity Microfinance Bank. Davis pointed out that the scheme would also support the revenue diversification drive of the Federal Government.

Source: Business NG