RH-SHF
Introduction
The Bank of Agriculture (BOA) invites eligible and competent Farmer Aggregator Companies (FACs) to express interest in participating as accredited aggregation partners under the Renewed Hope Smallholder Support and Value-Chain Fund (RH-SHF).
The Renewed Hope Smallholder Support and Value-Chain Fund (RH-SHF)is a strategic financing intervention designed to provide affordable credit, quality inputs, extension services, and guaranteed market off-take to smallholder farmers across Nigeria. Aggregators play a critical role in farmer mobilization, input distribution, production support, harvest aggregation, and market linkage.
Eligibility Criteria
Interested companies must meet the following minimum requirements:
Registration
- Duly registered with the Corporate Affairs Commission (CAC).
- Certificate of Incorporation and Memorandum of Association
Financial Standing:
- Audited financial statements for the last 3 years.
- Annual turnover of at least ₦500,000,000.00 (Five Hundred Million Naira).
- Valid Tax Clearance Certificates (2022, 2023, 2024).
- Evidence of Pension (PENCOM), ITF, and NSITF compliance.
- Operational Bank Account with the Bank of Agriculture (post submission)
Experience:
- Minimum of 3 years experience in agricultural produce aggregation, out-grower management, or value-chain coordination.
- Proven track record of working with smallholder farmers in clusters/cooperatives.
Regulatory Compliance:
Registration with relevant agricultural regulatory bodies (NASC, NAIDA, etc.).
Operational Capacity
- Existing out-grower network and farmer clusters.
- Functional extension and advisory service system.
- Capacity for input distribution and harvest management.
- Warehousing/storage facilities with GPS tracking capability (digital e-warehousing preferred).
- Market linkage and payment management systems.
- Logistics and fleet management capacity.
- Farmer’s mobilization and verification
- Operator of the company or its Agent(s) must reside in the place or near the location of the warehouse(s).
Bank Reference:
Reference letter from a reputable commercial bank indicating willingness to provide credit facility if needed.
