Top 3 Banks Offering Loans to Agro and Livestock Farmers in Nigeria: Simple Guide for Financial Assistance.

Financing or lack of capital is one of the most serious problems confronting Agro/food and Livestock farmers in Nigeria. The problem of financing in the agricultural sector of the Nigeria economy is more serious in our society than the advanced nations of the world. This is because of the absence of the kind of elaborate social-welfare structures which help to cushion the pain of cash crops and livestock losses suffered, and also in terms of the use of the most crude implements such as hoes, cutlasses, axes etc

Our Agro/food farmers need adequate supply of agricultural inputs. There is a huge problem of inadequate supply of agricultural inputs in Nigeria such as tractors, harvesters, fertilizers etc. The agricultural sector has suffered immensely because of inadequate investment in the sector. So by this, the federal government of Nigeria created some key programmes, especially the Agricultural Development Programme, which has focused mainly on farming schemes, which involves loan, incentives and many more.

These banks, provides financial assistance in low risk and long gastation period I. They also gives technical advice to farmer in area of agriculture. 

Here are list of the 3 banks in Nigeria:

1. Bank of Agriculture

2. Bank of Industry Agro-Industries

3. The Nigeria Agricultural and Co-operative Bank (NACB).

These banks were set up to perform special functions such as provision of long term loans, and other financial assistance to indivduals (peasant farmers) or large scale farmers.