Fund for Agricultural Finance in Nigeria (FAFIN)

Project Name:

  • Fund for Agricultural Finance in Nigeria

Project Sector:

  • Agriculture

Project Sponsors:

  • NSIA, Ministry of Finance Incorporated (MOFI)

Commencement Date / Closure Date / Completion Date

  • March 2014

Project Location (Region or State):

  • Lagos

Project Description:

  • 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

Funding structure:

  • Equity

NSIA’s interest:

  • US$6.4 million (10%)


African Development Bank (AfDB), CDC Group PLC, the Dutch Good Growth Fund