The five major components of this programme are: Risk Sharing Facility (RSF), Insurance Component (IC), Technical Assistance Facility (TAF), Bank Incentive Mechanism (BIM) and Agricultural Bank Rating System (ABRS). Thus, agriculture can grow by as high as 12.0 per cent or more in the near-term and beyond, if appropriate environment and incentives are put in place, along with the funding needs of the sector.
The industrial sector also has great potential for growth. The major challenge is adequate infrastructure, especially power. The Central Bank of Nigeria has also taken a bold step in this regard in addition to the efforts of the Federal Government. While efforts are made to revive the ailing core industries (iron and steel, petrochemicals, aluminium, etc.