Rice Distribution Facility

The RDF was established in November 2018 for medium to large scale rice distributors, to enable them to purchase locally milled rice from Integrated Rice Millers at a single digit interest rate.


The objective of the facility is:


  • Provide credit facilities to rice distributors at a single digit rate.

How to apply

All applications for loans under the Scheme are made through the Participating Financial Institutions (PFI). See Guidelines for further information.


Questions Responses
1 How do I apply for RDF? All applications are through deposit money banks.
2 What kind of projects are funded under RDF? Distribution of locally produced rice.
3 Can individuals and enterprises access RDF? No. Only limited liability companies can access RDF.
4 Do I need collateral for RDF loan? Yes. RDF loans require acceptable collateral by the Deposit Money Bank (DMB).
5 Can a company borrow under RDF for a start up? Yes. RDF loans are for start-up and existing rice distribution companies.
6 What is the tenor of RDF loans? 12 months.
7 Can RDF be used for cultivation? No. Only for distribution of locally produced rice.
8 Can RDF be used for importation of integrated rice milling machinery? No.
9 Is there a moratorium under RDF? No.
10 What is the loan limit for RDF? N1 billion.