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Nigerian Agricultural Cooperative and Rural Development Bank
Business Profile
Business Registration Number
NA
Date of Registration
March 6, 1973
Nigerian Agricultural, co-operative and Rural development bank (NACRDB) COME IN AS A Financial Institution which provides medium and long term credit for the creation or expansion of agricultural, commercial and industrial enterprises of the Economy. It is mostly established by the government.
The Bank is a development Finance Institution wholly owned by the Federal Government of Nigeria. NACRDB was incorporated in 2000 following the merger of defunct Nigeria Agricultural and Cooperative Bank, People’s Bank of Nigeria and risk assets of the Family Economic Advancement Programme (FEAP). The Nigerian Agricultural and Cooperative Bank began operation on 6th March 1973 as Nigerian Agricultural Bank Limited.
Years in Operation
52
Business Scale
Large
Financial/Investment Details
Profit and Loss Account
1998 1999 2000 2001 2002
Gross Earnings 447,555,158 555,732,180 593,291,282 421,696,820 2,521,887,148
Net Operating Profit/(Loss) before Taxation 1,786,948 1,862,352 2,328,900 2,846,398 82,647,923
RETAINED PROFIT/(LOSS) FOR THE YEAR 1,786,948 1,862,352 2,328,900 2,846,398 82,647,923
1998 1999 2000 2001 2002
Gross Earnings 447,555,158 555,732,180 593,291,282 421,696,820 2,521,887,148
Net Operating Profit/(Loss) before Taxation 1,786,948 1,862,352 2,328,900 2,846,398 82,647,923
RETAINED PROFIT/(LOSS) FOR THE YEAR 1,786,948 1,862,352 2,328,900 2,846,398 82,647,923
Target Markets
Nigerian SMEs, EU Investors, Agribusiness Startups, Youth-focused Enterprises
Preferred Sectors for Investment
Dairy, Feed Crops
Sustainability Focus
Sourcing of offshore credit facilities for loan disbursement.
Participation in Agricultural Exchange Market through its subsidiary, the Food Development Company.
Creation of local market for raw material supply to local industries.
Diversification of operations to agricultural support services: desertification control project, tangential agro-allied projects, equipment leasing, agro-chemicals manufacture and others.
Participation in Agricultural Exchange Market through its subsidiary, the Food Development Company.
Creation of local market for raw material supply to local industries.
Diversification of operations to agricultural support services: desertification control project, tangential agro-allied projects, equipment leasing, agro-chemicals manufacture and others.
Challenges and Expectations
The Bank is a development Finance Institution wholly owned by the Federal Government of Nigeria. NACRDB was incorporated in 2000 following the merger of defunct Nigeria Agricultural and Cooperative Bank, People’s Bank of Nigeria and risk assets of the Family Economic Advancement Programme (FEAP). The Nigerian Agricultural and Cooperative Bank began operation on 6th March 1973 as Nigerian Agricultural Bank Limited.
Looking for Investment Partnerships
Yes
Services Offered
Service Provider Engagement
Loans, Grants, Equity Investment, Insurance, Guarantees
Location & Map
Full Address
No, 1 Yakubu Gowon Way, P.M.B 2155, Kaduna -Nigeria.
No, 1 Yakubu Gowon Way, P.M.B 2155, Kaduna -Nigeria.
Contact
Contact Person
N/A
Phone Number
Email Address
Website
Contact Listings Owner Form
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