Bank of Agriculture Nigeria (BOA)
BOA Nigeria: government-backed agricultural lender. Individual agro loans up to NGN 5M, corporate agro up to NGN 50M. 201 branches nationwide. NIRSAL guidelines compliant.
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Description
The Bank of Agriculture (BOA) is Nigerias dedicated government-owned agricultural development bank, providing loans to farmers, cooperatives, and agro-allied businesses. BOA operates through 201 retail outlets nationwide and 6 zonal offices headquartered in Kaduna. Agro-Processing Facility loans are available at NGN 5 million for individuals and NGN 50 million for corporate organizations. BOA partners with NIRSAL, Bank of Industry, and the CBN, and is currently being repositioned under President Tinubus food security agenda with a proposed merger with NIRSAL Microfinance Bank.
Focus Sectors
Agriculture, Agro-Processing, Smallholder Farmers
Source: Bank of Agriculture Nigeria
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