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ACGSFAgricultural Credit Guarantee Scheme Fund (Nigeria)
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The Bills assented to by the President are the Nigeria Police Trust Fund (Establishment) Bill, 2019; Nigeria Natural Medicine Development Agency (Establishment Bill), 2019; Suppression of Privacy and Other Maritime Defences Bill, 2019; Institute of Transport Administration of Nigeria Bill, 2019; National Institute of Construction Technology and Management (Establishment) Bill, 2019; National Agricultural Seeds Council Bill, 2019; Agricultural Credit Guarantee Scheme Fund (Amendment) Act, 2019; Federal Capital Territory Primary Healthcare Board (Establishment) Bill, 2019 and Federal Capital Territory Hospital Management Board (Establishment) Bill, 2019.
The Agricultural Credit Guarantee Scheme Fund (ACGSF) was set up under Decree 20 of 1977 and commenced operations on April 3rd, 1978.
A major policy in the new dispensation is the increase in the capital base of Agricultural Credit Guarantee Scheme Fund (ACGSF) from N 100m to Nlbn "to enhance effective management of the expanded scheme."
The branch Controller mentioned some of its financial intervention schemes to include the Agricultural Credit Guarantee Scheme Fund (ACGSF), Micro Small and Medium Development Fund and Commercial Agricultural Credit Scheme.
The Federal Government, through the Central bank of Nigeria (CBN), came up with Agricultural Credit Guarantee Scheme Fund, Agricultural Credit Support Scheme, Commercial Agriculture Credit Scheme and Anchor Borrowers Scheme to ease farmers' access to bank credits in recognition of the fact that agriculture is a major contributor to the country's GDP.
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