The birth of the Nigerian Agricultural, Cooperative and Rural Development Bank (NACRDB) Limited as the single largest development finance institution in Nigeria followed the successful merger of the former People’s Bank of Nigeria (PBN); the defunct Nigerian Agricultural and CO-operative Bank (NACB) Ltd. And the risk assets of the Family Economic Advancement programme (FEAP) in October, 2000. Thus; NACRDB is dedicated primarily to agricultural financing at both the micro and macro levels, as well as micro financing of small and medium scale enterprises. The Bank is a registered limited liability company that is wholly owned by the Government of the Federal Republic of Nigeria with the share capital fully subscribed by the Federal Ministry of Finance Incorporated 60% and the Central Bank of Nigeria 40%. The Bank’s briad mandate encompasses savings mobilization and the timely delivery of affordable credit to meet the funding requirements of the teeming Nigeria population in the agricultural and non-agricultural sectors of the national economy.
 

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