The total amount disbursed to farmers under the Commercial Agriculture Credit Scheme from inception in 2009 rose to 635.39 billion naira as at end of March 2020.

The Central Bank of Nigeria disclosed this in its “Economic report for the first quarter of 2020 on agriculture”.

The CBN stated that a total of 539.8 million loans were guaranteed to 3,161 farmers under the Agricultural Credit Guarantee Scheme in the first quarter of 2020.