The Bank of Agriculture (BOA), in partnership with the Federal Government’s ‘You Win’ programme, grants collateral-free loans to Nigerian youths involved in 'agribusiness'.
The Manager of the Bank of Agriculture, Lagos branch, Mrs Tokunbo Afolabi, disclosed this while speaking at the Nigerian Association of Small and Medium Enterprises, 2015, General Meeting in Lagos.
Youths applying for the loan must provide two acceptable guarantors, one of which must be a civil servant.
According to her, youths between the ages of 18 and 35 years, engaged in agribusiness, can access up to N1m loans, without collateral. “The loan is dedicated solely to the youths.
The loan is granted to youths for start-ups or expansion of agribusiness,”.
She, also, said that micro, small and medium enterprises could access up to N250,000 by opening and running a Micro Enterprise Savings Account with the BOA.
Armanik.Edu. urges Nigerian youths to take advantage of this opportunity provided by the Bank of Agriculture.
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