Portfolio
Fund for Agricultural Finance in Nigeria
- Ongoing progress on
- Fund for Agricultural Finance in Nigeria
Project Details
Sector
Agriculture
Participants
Nigeria Sovereign Investment Authority
Fund for Agricultural Finance 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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