In line with NIRSAL’s focus on collaborating with foreign missions, relevant Federal Government agencies and national bodies with a view to enhancing the flow of credit to the Agric sector, Managing Director/Chief Executive Officer of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) addressed an economic breakfast meeting hosted by the Indonesian Consulate in Nigeria in conjunction with Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA).
The parties discussed opportunities in commercial agriculture and the need to achieve sustainable agricultural activities making agriculture an economic power bloc in the country. If the roundtable discussion is anything to go by, Nigeria can expect a boost in Oil Palm production in line with Indonesia’s capabilities and a more influential use of technology in Agriculture.
Speaking at the breakfast meeting the MD/CEO NIRSAL Plc., Mr Aliyu Abdulhameed, stated that “Nigeria admires the swift transformation of the oil palm value chain and the technological advancement that has improved other agricultural value chains in Indonesia over the years”.
While acknowledging the advancement of Indonesia in the agricultural sector, he mentioned that for Nigeria to replicate such successes there is need to engineer collaborations and partnerships for actualizing Nigeria agricultural vision. This would require all stakeholders both public and private to focus on investing in the most needed areas of agriculture which is primary production.
These investments in agriculture, he said, will guarantee food security, contribute to job creation and contribute to Nigeria’s foreign exchange earnings.
The breakfast was at the behest of the Indonesian Consulate on the heels of an upcoming NACCIMA-NIRSAL Agri-Agro Summit that will put agriculture on the front burner in Nigeria. As an outcome of this engagement, NIRSAL and NACCIMA can expect a full house of both partners and participants alike when they co-host the Summit.
NIRSAL as a risk mitigating institution, safeguards the investments of all foreign and local investors in the Agricultural Sector, covering them with its Credit Risk Guarantees (CRG).
Head, Corporate Communications