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Accelerated Agricultural Development Scheme (AADS)

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THE PRIVATE SECTOR-LED ACCELERATED AGRICULTURE DEVELOPMENT SCHEME

The Central Bank of Nigeria (CBN) established the P-AADS in August 2020, to complement the existing AADS by exploring private sector partnership to facilitate rapid land clearing and provision of other support infrastructure for accelerated agricultural production.


The objectives are to:

  • Fast track land clearing and infrastructure deployment for agricultural commodities production;
  • Promote national food security through the provision of large contiguous land for agricultural production;
  • Collaborate with agro-processors engaged in backward integration by providing financing for extended land clearing in proximal locations
  • Support other capable stakeholders interested in unlocking land for agriculture through appropriate financing; and
  • Engender job creation for individual farmers that will cultivate on the cleared land.

How to apply

All applications for P-AADS are made through deposit money banks. See the Guidelines for more information.


FAQs & Responses

Questions Responses
1 How do I apply for P-AADS? All applications are though deposit money banks
2 What kind of projects are funded under CACS? Land clearing for production of focal commodities and provision of other agriculture infrastructure like irrigation, storage facilities etc
3 Who is eligible to apply for P-AADS? Companies engaged in land clearing and provision of agriculture infrastructure
4 Do I need collateral for P-AADS? Yes. P-AADS loans require acceptable collateral by the Deposit Money Bank (DMB)
5 Can start ups access P-AADS? Yes. P-AADS loans are for start-up and existing eligible projects
6 What is the tenor of CACS loans? 4-6 years annual crops 6-8years tree crops
7 Can P-AADS be used for solid minerals exploration? No. Only agricultural production of focal crops listed in the Guidelines
8 Can P-AADS be used for importation of machinery for land clearing? No.
9 Is there a moratorium under P-AADS? Yes. This is approved on a case-by-case basis and is project specific
10 What is the loan limit for P-AADS? N2 billion

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