NIGERIA, Dec. 10 -- The Central Bank of Nigeria has introduced a renewed agricultural financing framework aimed at closing long-standing credit gaps in the sector and positioning agriculture as a key driver of national economic revival.

The announcement came as the apex bank inaugurated a reconstituted board for the Agricultural Credit Guarantee Scheme Fund (ACGSF) in Abuja.



CBN Governor Yemi Cardoso said the initiative marks a clear shift from previous intervention-led models, describing it as a "new dawn for agricultural lending."

He noted that despite agriculture contributing more than 20 percent of Nigeria's GDP and employing nearly two-thirds of the labour force, it receives less than five percent of total commercial bank lendi...