BANK OF AGRICULTURE RELEASES MAXIMUM GRANTS OF N5,000,000 TO EMPOWER FARMERS AND AGRIC ENTREPRENEURS

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The Bank Of Agriculture (BOA) BOA is Nigeria’s premier agricultural and rural development finance institution, 100% wholly owned by the federal government of Nigeria. The ownership structure is – Central Bank of Nigeria (CBN) 40% and Federal Ministry of Finance Incorporated 60%. its become a  major avenue the government has employed to disburse agricultural loans and grant to the public.
The activities of the bank are supervised by the Federal Ministry of Agriculture and rural development. When thinking of government loans, the BOA should be your first choice.

REQUIREMENTS FOR BANK OF AGRICULTURE (BOA) LOANS

  • You must have maintained a minimum customer account relationship of about six months
  • You must have deposited at least 2% of the required loan amount into the account
  • You must provide collateral, excluding land.
  • You must provide a detailed business plan.
  • You submit 5 passport photo
  • You must provide any means of identification

The loan processing and inspection time will take 2-4 weeks. This loan opportunity is a great avenue for that start up Agricultural firm idea you have been nursing to materialize. if you are confident of that idea you have ,do apply for this opportunity. if you need more info on this, drop a comment below suggesting so and your email address. if you need info on opportunities such as this, subscribe to MARKKET24. We have made it an obligation to wage war against Unemployment and business illiteracy.
THIS IS THE INFORMATION MARKET!!!!!!!!!!



There are also several scheme partners that the Bank of Agriculture is collaborating with:
  • SME Friendly Banks;
  • Partner Enterprise Development Centers/Institutions;
  • Partner Technical Skills Training Institutions;
  • The management of the National Youth Service Corps.
The loan processing and inspection time will take up to 2-4 weeks. The Bank of Industry loan for graduates has to be paid monthly and weekly for the non-graduates. The source of payment can be the proceeds of one’s business. There are a lot of opportunities for those who are looking for them. If you are confident in your business idea, then apply for the Entrepreneurship Fund and the Bank of Industry Nigeria loan.



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