B1. The five facilities and their terms
The October 2026 term sheet, called the SAPZ Indicative Term Sheet 2026.10-v1, is the authority for DFFMS. It is non-binding and took effect on 19 October 2026. The five facilities add up to ₦420 billion.
The rules on each facility page come from this term sheet. DFFMS uses them to check every application and every approval.
Summary table
| Code | Facility | Envelope (share) | Instruments | Open windows | Restricted windows | Main tenors | Pricing corridor (all structures) |
|---|---|---|---|---|---|---|---|
| F-I | Climate-Smart Production Cluster Finance | ₦42bn (10%) | Debt ₦21bn, Guarantee ₦10bn, Trade ₦5bn, Equity ₦6bn | Climate-smart production, Green productive assets, Smallholder cluster credit, Women and youth enterprise finance, Agricultural MSME finance | None | Production 3–18 months; working capital or trade 12–18 months; productive asset 60–120 months | 10%–20% |
| F-II | Agric-Vault Warehouse Receipt & Inventory Finance | ₦33.6bn (8%) | Debt ₦12.6bn, Guarantee ₦4bn, Trade ₦17bn | Warehouse receipt finance, Inventory finance | None | Inventory finance 3–12 months; no grace | 10%–20% |
| F-III | Value-Chain Risk-Sharing & Offtake Finance | ₦33.6bn (8%) | Debt ₦5.6bn, Guarantee ₦18bn, Trade ₦10bn | Production and contract farming, Aggregator and processor working capital, Offtake-backed trade finance, Growth and investment finance | None | Production 1–18 months; trade 3–12 months; growth 24–84 months | 8%–20% |
| F-IV | Agribusiness Working Capital & Growth Finance | ₦142.8bn (34%) | Debt ₦86.8bn, Guarantee ₦12bn, Trade ₦18bn, Equity ₦10bn, Venture capital ₦16bn | Working capital, Equipment and asset finance, Growth debt | Equity and quasi-equity, Venture capital | Working capital 3–12 months; asset finance 24–84 months | 13%–20% |
| F-V | Infrastructure & Asset Finance | ₦168bn (40%) | Debt ₦82bn, PPP finance ₦68bn, Guarantee ₦14bn, Equity ₦4bn | Productive assets | Core infrastructure, Infrastructure PPP, Risk-sharing and guarantees, VGF and project preparation | Asset 36–60 months; infrastructure debt 84–120 months; PPP 180–300 months | 8%–15% |
Across the programme, the instrument totals are: debt ₦208bn, PPP finance ₦68bn, guarantees ₦58bn, trade finance ₦50bn, equity ₦20bn and venture capital ₦16bn.
Older records may refer to the September 2026 term sheet, which had seven facilities. Those terms are kept only so that old records are judged against the terms they were created under. Use the October 2026 facilities for all new work.
How to open a facility's terms page
- Sign in as a staff member.
- In the menu, open Financial management, then select Financial facilities.
- The Financial facilities register shows the columns Facility, Allocation, Available, Instruments, Windows, Pipeline, Version and Status.
- Select the facility's row to open its page. For example, select F-I Climate-Smart Production Cluster Finance.
Who can do this: every staff role that can open finance pages. Only the Platform Super Administrator can use Manage published calls.
What the page shows:
- Facility envelope: the total allocation for the facility.
- Available balance: the money not yet reserved.
- Pipeline: money in applications that are still being reviewed.
- Portfolio: money already in approved cases.
- Instrument allocations, Financing windows, Ticket-size rules, Pricing corridors, Required security and insurance and Required application evidence.
Common problem: if you cannot see a facility, check your data scope. A State Coordinator sees only the records for their state.
What each facility page shows
Use this table as a quick guide. The facility page is always the final reference.
| Facility | Ticket bands | Pricing corridor (by structure) | Contribution and coverage | Security and insurance |
|---|---|---|---|---|
| F-I | Individual farmer ₦250k–₦50m per cycle; cluster or cooperative ₦25m–₦500m; commercial climate asset ₦50m–₦1bn; women or youth ₦1m–₦25m; agricultural MSME ₦25m–₦500m | FOL 15–16.5%; 50/50 16–18%; 70/30 16–20%; PCG 10–13%; FL 13–16%; IBD 14–16%. Commercial ceiling 15% | Contribution 10–20% (lower needs an exception). PCG capped at 75%. Finance up to 80% of eligible cost | Financed production insured, up to 100% of cost. Produce assignment, cooperative guarantee, warehouse receipts |
| F-II | Farmer or cooperative ₦5m–₦100m; aggregator ₦25m–₦500m; processor or trader ₦50m–₦1.5bn | FOL 15–16.5%; 50/50 16–18%; 70/30 16–20%; PCG 11–14%; FL 10–13%; IBD 13–16%. Ceiling 16% | Advance rate 50–70% (75% by strong exception). Advance = verified value × rate, less risk adjustments | Commodity or storage cover, lender as loss payee. Electronic warehouse receipt, controlled release |
| F-III | Production cluster ₦25m–₦250m; aggregator or processor ₦50m–₦1bn; offtake trade ₦50m–₦2bn | FOL 15–16.5%; 50/50 15–18%; 70/30 16–20%; PCG 10–13%; FL 8–12%; IBD 13–16% | Contribution at least 25%. PCG cover 50–70%; first loss 20–30%. Money released against milestones | Assigned offtake receivables, controlled accounts, appropriate production and asset cover |
| F-IV | Working capital ₦25m–₦1.5bn; inventory or commodity ₦50m–₦2bn; contract or supply chain ₦25m–₦2bn; equipment ₦50m–₦3bn; growth debt ₦100m–₦5bn; equity ₦100m–₦2.5bn; venture capital ₦50m–₦1.5bn | FOL 15–16.5%; 50/50 15–18%; 70/30 16–20%; PCG 13–16%; FL 13–16%; IBD 14–16%. Ceiling 20% (22% by exception) | Contribution 10–20%; 15–30% for equipment and growth debt. Emerging MSMEs default to 50/50 plus PCG | Receivables, inventory, financed assets, domiciled accounts, insurance. Equity and venture capital windows are restricted |
| F-V | Productive asset ₦100m–₦5bn; core infrastructure ₦500m–₦15bn; PPP ₦2bn–₦30bn; SME or sponsor preparation ₦10m–₦75m; zone, AIH or PPP preparation ₦50m–₦500m; complex strategic preparation ₦50m–₦1bn | FOL 8–10%; 50/50 10–13%; 70/30 11–14%; PCG 12–15%; FL 10–14%; IBD 8–12%. Ceiling 18% (20% by exception) | Sponsor contribution 20–35% for asset, core and PPP tickets. Strategic preparation above ₦500m needs enhanced approval | Project cash flow and collateral, SPV shares, step-in rights, construction and operational insurance |
Notes for F-I: finance is limited to 80% of eligible production cost, and concentration limits are cluster 5%, value chain 25%, and state or zone 30%. Equity and venture capital in F-IV and most F-V windows are restricted and do not appear on the public marketplace.
How DFFMS checks terms: blocking and exception breaches
Every application is checked against its facility rules, twice: once at intake and once at committee approval. The checks give one of two results.
| Result | What it means | Example | What happens |
|---|---|---|---|
| Blocking (hard) breach | The rule cannot be bent by anyone. | The ticket category is not allowed for this facility. The instrument is not allowed. A non-naira loan is requested without an approved FX assessment. A guarantee is above the absolute maximum. | Intake or approval stops. The system shows the reason and will not save the decision. |
| Exception (soft) breach | The rule can be bent, but only by a committee decision. | Amount outside the ticket band. Interest rate outside the pricing corridor. Tenor or grace period outside the permitted range. Contribution below the minimum where the facility allows an exception. | The request continues. DFFMS records a rule exception, and the committee must approve it with the terms. |
Plain example: suppose a ticket band stopped at ₦40 million (an invented figure for illustration). If Hauwa then asked for ₦45 million, DFFMS would accept the request but flag it for the committee. If she asked for an instrument the facility does not offer, DFFMS would stop the request.