- Fund for Agricultural Finance in Nigeria
- NSIA, Ministry of Finance Incorporated (MOFI)
Commencement Date / Closure Date / Completion Date
- March 2014
Project Location (Region or State):
- The Fund for Agricultural Finance in Nigeria (“FAFIN”) is an innovative agriculture-focused private equity fund that provides tailored investment capital and technical assistance to high-growth, commercially attractive agricultural SMEs across all regions in Nigeria using quasi-equity, equity, and structured debt instruments.
Benefits / Impact (Social, Economic & Others):
- FAFIN invests in SMEs as part of its mission to positively impact the lives of smallholder farmers, increase the amount of commercial capital available for agribusinesses in the country, and catalyze agriculture-led inclusive economic growth in Nigeria.
Project Cost / Size:
- US$65.9 million
- US$6.4 million (10%)
African Development Bank (AfDB), CDC Group PLC, the Dutch Good Growth Fund