For Individuals and Cooperatives interested in Tractor and Equipment ownership, we have developed a model lease package to ease the financial burden associated with outright purchase, spreading total cost of payment over two (2) Years.
Our lease package is targeted towards individuals and corporate farmers, farmer groups and cooperatives across the country. We provide an opportunity for these sets of people to purchase necessary mechanization equipment(Tractors and Implements) with ease.
How it Works
By this arrangement, interested farmers/groups will be able to purchase a tractor and a conventional set of four (4) implements with an initial commitment of 30% of the total lease cost of the Equipment, after which the tractor and implement will be released.
The balance of 70% will be amortized over a 24 month period (2 Years). Subsequent payments involves a monthly installment payment of both principal and the interest
NICA - FGN Subsidized Tractor Procurement Scheme
NICA has entered into a partnership agreement with the FGN through her participation in the Federal Government Tractor Hiring Service Delivery Programme nationwide to participate in the implementation of the Tractor Service delivery programme nationwide, through a Public Private Partnership (PPP) arrangement. By this agreement, With an initial upfront sum (About 10% of total Cost) specialized cooperative groups will have access to tractors and implements at a rate subsidized by the Government. Total cost of the tractors will be amortized over a 3 Year Period.
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