Federal Ministry Of Agriculture Empowerment Loan 2021/2022 : 7 type of Loan To Access

federal Ministry Of Agriculture Empowerment loan 2021/2022 : 7 type of loan to access

The Federal Ministry of agriculture and rural developmental is the Ministry tasked by the Nigerian Federal Government to ensure the development and regulations of agricultural research, agriculture and natural resources, forestry and veterinary research all over Nigeria.

The Ministry is also responsible for various roles involving national goals of rural development, food security, rural income growth and job creation.

And to live up to their charge, the Federal Ministry of Agriculture and Rural Development has set aside several empowerment programs for not only youths who are interested in agriculture practices,Loan for agriculture

but also supervises and provides funding for research institutes such as the National Root Crops Research Institute and colleges of agriculture and forestry.

The Life Program

One of the avenues created for the improvement of rural setups and communities by (FMARD) is the LIFE program (Livelihood Improvement Family Enterprises),

which is aimed at improving the livelihood and standard of living of Youths and Women in rural and suburban communities.

The program further ensures the promotion of community-based on-farm and off-farm business activities along with key agricultural value chain as a means of job and wealth creation among the denizens of these communities.

The LIFE program adopts a Cluster model (LIFE Clusters) at the ward level of the Local Government Areas to enable their targeting of core commodities of comparative advantage in such communities.

Life Goals Objectives

The mission statement of the programme is to contribute to the attainment of food security and economic growth of Nigeria through job creation,

value addition, and promotion of business enterprises in agriculture, increasing rural income generation and improved livelihoods for youths and women.

The Specific target is to directly empower approximately 3,000,000 rural youths and women in on-farm and off-farm value chain,

produce about 14,000,000 metric tons of food across the 774 Local Government Areas nationwide from 2016 to 2019

focusing on key national commodities while reducing rural food wastage by 20% through the establishment of rural cottage industries and organized link to competitive markets.

Target Beneficiaries

LIFE Programme is targeted at rural/sub-urban communities with special focus on:

  • Youths between the ages of 18-40 years
  • Women with priority attention on female led households Apply Here

YEAP Empowerment programme 2021/2022

Youth Employment in Agriculture Program is a Nagropreneur Programme created by the (FMARD) to serve the purpose of creating decent employment opportunities in the Agricultural sector for Nigerian Youths.

The YEAP programme is for youths in Agriculture and will help create 750,000 jobs, and if you are successful, you will get up to N15m to either start your Agricultural business or expand your existing business.

The programme is supported by German Development Bank, Nigerian Sovereign Investment Authority and other bodies.

AGSMEIS Empowerment Loan

The Agri-business/small and medium enterprise investment scheme is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small and medium enterprises (SMEs) as vehicles for sustainable economic development and employment opportunities.

The initiative is for Agricultural and Allied processing among other sectors and industries in Nigeria.

NALDA empowerment scheme

National Agricultural Land Development Authority is saddled with the mandate of harnessing the full potentials of the vast arable lands in Nigeria,

empowering small Holder and large Scale Farmers and mechanized farmers, support the drive for Food and Fiber security while assisting in diversifying the nation’s economy, improving household incomes and enhancing revenue mobilization and generation nationwide.

NALDA has several programme set aside for the betterment of life for women and youths invested in the promotion of agriculture in rural and suburban areas.

One of such programme is the (NYFS). Under the National Youth Farmers scheme, NALDA is focusing on encouraging the Nigerian youths to participate in agriculture.

Their goal would be to attract, encourage and empower 1000 farmers from each of the 774 LGAs in Nigeria annually, cutting across the entire Agricultural Value Chain.: Apply here


The initiative is one of the subsidiaries of N-Power Nigeria, and it is aimed at helping its beneficiaries are taught how to become agricultural extension officers, farm developers and farmers themselves (agricultural entrepreneurship).


The graduate categories will train graduates in the following field;

  • Agriculture Extension Services Consultant
  • Seed fertilizer and other input aggregators
  • Farm managers
  • Public sector jobs in agriculture
  • Farming co-operatives management
  • Agro-entrepreneurship


Any Nigerian citizen with BSC, OND, National diploma or any equivalent could apply when N-power recruitment begins.

You don’t need to graduate in any agricultural-related course to apply for N-agro, so don’t think because you have a BSC in engineering for example, you cannot apply for N-power Agro. Apply for Npower Agro

Agricultural Credit Support Scheme (ACSS)

The ACSS is an initiative of the Federal Government and the Central Bank of Nigeria with the active support and participation of the Bankers Committee. The Scheme has a prescribed fund of N50.00 billion.

ACSS was introduced to enable farmers exploit the untapped potentials of Nigerians agricultural sector, reduce inflation, lower the cost of agricultural production (i. e. food items), generate surplus for export,

increase Nigerians foreign earnings as well as diversify its revenue base.

At national level, the scheme operates through a Central Implementation Committee (CIC) while at the Federal Capital Territory (FCT) and State levels,

the Scheme operates through State Implementation Committees (SICs) instituted to ensure that the objectives of the scheme are realized without hindrance.

To access loans under ACSS, applicants (practicing farmers and agro-allied entrepreneurs with means) are encouraged to approach their banks for loan through the respective state chapters of farmers’ associations and State Implementation Committees.

However, large scale farmers are allowed under the scheme to apply directly to the banks in accordance with the guidelines laid down by CBN.

Commercial Agriculture Credit Scheme (CACS)

As part of its developmental role, the Central Bank of Nigeria (CBN) in collaboration with the Federal Ministry of Agriculture and Water Resources (FMA&WR)

established the Commercial Agriculture Credit Scheme (CACS) in 2009 to provide finance for the countries agricultural value chain (production, processing, storage and marketing).

Increased production arising from the intervention would moderate inflationary pressures and assist the Bank to achieve its goal of price stability in the country. The primary objectives of the Scheme are to:

  • Fast-track the development of the agricultural sector of the Nigerian economy by providing credit facilities to large-scale commercial farmers at a single digit interest rate;
  • Enhance national food security by increasing food supply and effecting lower agricultural produce and products prices, thereby promoting low food inflation;
  • Reduce the cost of credit in agricultural production to enable farmers exploit the untapped potentials of the sector; and
  • Increase output, generate employment, diversify Nigerians revenue base, raise the level of foreign exchange earnings and provide input for manufacturing and processing on a sustainable basis.

The Scheme which is a sub-component of the Federal Government of Nigerians Commercial Agriculture Development Programme (CADP) is financed through a N200billion Bond raised by the Debt Management Office (DMO).

Loans to eligible entities under the Scheme are disbursed at a maximum interest of 9 percent.

The subsidy arising from this stipulated rate and the market rate on all loans granted, and the administrative expenses of the Scheme are borne by the Central Bank of Nigeria (CBN)p

Ikechukwu Youwin

this articles was written by ikechukwu for youwin.org.ng, Ikechukwu is a University graduate, he holds a degree in Economics from the University of Nigerian Nsuka (UNN).Read more

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