CBN announces increase in ACGSF share capital to N50b

The Central Bank of Nigeria (CBN), has announced that the Agricultural Credit Guarantee Scheme Fund (ACGSF) Amendment Act assented to by President Muhammadu Buhari on June 24, 2019, has increased the share capital of the fund to N50 billion from N3 billion.
The apex bank, in a document entitled, “Agricultural Credit Guarantee Scheme Fund (Amendment) Act 2019,” disclosed that complete agricultural value chain financing is now allowed under the ACGSF Amendment Act 2019.