Portfolio

Fund for Agricultural Finance in Nigeria

Project Details

Sector

Agriculture

Participants

NSIA
FFAF in Nigeria

Commencement Date

March 2014

States
Lagos

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.

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.

PARTNERS

How the fund is invested

US$65.9 million

Project Cost / Size:

US$6.4 million (10%)

NSIA’s interest:

Equity

Funding structure

15

Investment areas

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