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Home Business CBN Overhauls Agric Credit Guarantee to Support Small Farmers

CBN Overhauls Agric Credit Guarantee to Support Small Farmers

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The Central Bank of Nigeria announced a major revamp of the Agricultural Credit Guarantee Scheme Fund to expand credit access for smallholder farmers. Governor Olayemi Cardoso described the reset as a strategic move to strengthen food security and inclusive growth.

The overhaul includes a reconstituted board and renewed policy direction aimed at improving risk management and last-mile lending impact.

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