NADF and Cross River State Partner to Boost Agricultural Finance and Agribusiness Growth
The Nation Agriculture Development Fund (NADF) collaborates with the Cross River State Government to introduce a subnational agricultural finance framework. This partnership seeks to mitigate investor risks, expand credit access for farmers, and stimulate agribusiness investment for rural development.
The initiative involves discussions between NADF's Executive Secretary, Moham Ibrahim, and Cross River State Governor, Bassey Otu, focusing on de-risking mechanisms to attract private capital into the state's agricultural value chain. The goal is to create a scalable framework supporting local agribusinesses, enhancing credit guarantees, and fostering a conducive environment for lenders and investors.
This collaboration is seen as a significant step towards commercializing agriculture and empowering farmers across the state.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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