FGN Agricultural Credit Guarantee Scheme Fund (ACGSF) 2026 | Apply Now

Agricultural Credit Guarantee Scheme Fund (ACGSF)

Are you a farmer looking to expand your operations?

The Agricultural Credit Guarantee Scheme Fund (ACGSF) is here to help!

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Agricultural Credit Guarantee Scheme Fund (ACGSF) provides an insurance guarantee covering (up to 75% of any outstanding balance upon default) on loans granted for agricultural purposes.

In this post, the full details of the eligibility, benefits, timeline, and application procedure will be provided.


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Agricultural Credit Guarantee Scheme Fund (ACGSF) Abstract

  • Host: Nigeria Federal Government
  • Location: Nigeria
  • Category: Grants
  • Benefits:
    • Access to credit facilities
    • Risk mitigation
    • Boost for food security
  • Eligibility: Nigerians
  • Deadline: Not Specified

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Agricultural Credit Guarantee Scheme Fund (ACGSF) Details

The Agricultural Credit Guarantee Scheme (ACGS) was established by Decree No. 20 of 1977.

The Scheme became operational in April 1978, and is fully subscribed to by the Federal Government (60%) and Central Bank of Nigeria (40%). The share capital under the Scheme is ₦50 Billion (fifty billion naira).

The Scheme is under the management of the Agricultural Credit Guarantee Scheme Fund Board, and the Central Bank of Nigeria is the managing agent for the administration of the Scheme.

Agricultural Credit Guarantee Scheme Fund (ACGSF) Benefits

The Agricultural Credit Guarantee Scheme Fund (ACGSF) provides:

  • Support for Growth: Gain access to credit facilities to expand your production and business.
  • National Initiative: A trusted program designed to boost food security and support Nigerian farmers.
  • Simplified Access: You can apply through your local commercial or microfinance bank.
  • The Fund guarantees 75% of the loan amount in default net of any security realized.
  • Agricultural value chain activities, which includes; financing of farm machinery production, implements and equipment for production, processing, storage and transportation and any purpose connected with the activities within the agricultural value chain.

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Agricultural purposes for Agricultural Credit Guarantee Scheme Fund (ACGSF)

The Agricultural purposes in respect of which loans can be guaranteed by the fund are those connected with:

  • The cultivation or production of crops, establishment or management of plantation;
  • Animal Husbandry; and
  • All activities within the Agricultural Value Chain.

Participating Financial Institution for Agricultural Credit Guarantee Scheme Fund (ACGSF)

  • Deposit Money Banks
  • Microfinance banks under the regulatory and supervisory role of the Central Bank of Nigeria (CBN)

Agricultural Credit Guarantee Scheme Fund (ACGSF) Requirements

To be eligible for the Agricultural Credit Guarantee Scheme Fund (ACGSF), applicants must satisfy the following conditions:

  • Small Holders Farmers (SHF) across the Agricultural value chain
  • Medium Scale Farmers and Agro Processors within the Agricultural value chain
  • No fee is charged under the scheme, the application form is free and provided by the CBN.
  • The maximum for non-collateralized loan is ₦100,000.00 and maximum for collateralized loan is ₦50 million

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  • For collateralized loan, the following may be used as a form of security:

    • A charge on land with legal interest or a right to farm
    • A charge on movable property of the borrower
    • A life insurance policy
    • Stocks and shares
    • A personal guarantee
    • Any adequate and realizable security acceptable to the bank
    • All assets registered on the National Collateral Registry (NCR)
    • Warehouse receipt

How To Apply for Agricultural Credit Guarantee Scheme Fund (ACGSF)

To apply for the Agricultural Credit Guarantee Scheme Fund (ACGSF) follow the instructions we have outlined below; 

  • Read the information we have provided on this webpage and ensure your eligibility
  • Visit your local bank or a participating financial institution.
  • Ask about applying for an agricultural loan under the ACGSF.
  • Complete the prescribed application form and submit it through your bank.

Begin your application by clicking on the button below.

Deadline: Not Specified


Click Here To Apply


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