FACILITATES N66.3B FINANCIAL FLOWS TO AGRICULTURE The Nigeria Incentive Based Risk Sharing System (NIRSAL) has created at least 360,000 direct jobs and impacted about 1.8 million lives through the projects in the agriculture sector that it has facilitated finance to and supported in other ways. The projects are in primary production, processing, logistics and input…
*FOCUS AREAS INCLUDE AGRO PROCESSING, MECHANIZATION, LOGISTICS/HAULAGE, STORAGE ETC In continuation of its efforts to increase commercial bank lending to agriculture by de-risking the sector and making it a viable, profitable investment destination for the private sector, the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) in collaboration with Union Bank of Nigeria…
*PLAN IS TO INCREASE NUMBER OF INSURED FARMERS FROM 500,000 TO 3.8M The Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) on Tuesday 10th October signed a partnership agreement with two reputable Moroccan agricultural insurance and re-insurance companies, Mutuelle Agricole Marocaine D’Assurances (MAMDA) and MAMDA Reassurance to expand the range of agricultural…
SCHEME TO COMMENCE WITH N10BILLION FOR THE 2017/2018 DRY & WET SEASON INITIAL PROJECTED POSITIVE IMPACT ON ABOUT 500,000 NIGERIANS The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has entered into a N50Billion agriculture financing partnership with Stanbic IBTC Bank for the 2017/2018 dry and wet season. This is in continuation of its…
*PILOT PROJECTS TO PRODUCE 22,000 NEW JOBS, GUARANTEE N1,000,000 INDIVIDUAL FARMER INCOME PER YEAR In continuation of its efforts to increase incomes of smallholder farmers who constitute 75 percent of the country’s farming population, the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) is partnering with ACDI/VOCA, a United States based economic development…
TO BOOST FOOD PRODUCTION, INCLUSIVE GROWTH AND REDUCE FOOD IMPORT BILL In continuation of its mandate to de-risk and increase the flow of private sector finance into the agriculture sector, the Nigerian Incentive Based Risk Sharing for Agricultural Lending (NIRSAL) has announced plans to facilitate finance to optimize the land, infrastructure and water resources within…
BESPOKE FINANCING MODELS TO BE DEPLOYED FOR THE BENEFIT OF SMALLHOLDER FARMERS NIRSAL RECOGNIZED AS POLICY TOOL TO REVITALIZE THE ECONOMY THROUGH AGRICULTURE NRSAL MD: “2017 WILL BE A GOOD YEAR FOR AGRICULTURE IN NIGERIA” In continuation of its drive towards de-risking agriculture and facilitating agribusiness aimed at attaining sustainable flow of finance to private…