Nigeria has relatively low financial inclusion, with low levels of banked population and insurance penetration. In addition, Nigeria's banks tend to lack agricultural lending capabilities.
NIRSAL deploys the technical assistance facility to equip banks with the expertise and knowledge they require to lend sustainably to the agriculture sector. For the banks, it builds capacity to assess agricultural risks and to develop and distribute agricultural friendly products. At the same time, NIRSAL uses the facility to equip agricultural producers with knowledge and expertise that helps them borrow and use loans more effectively so they can produce more and better quality goods for the market.