Lagos: July 17, 2019 – The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has signed a Memorandum of Understanding (MOU) with Ecobank on a N70Billion portfolio commitment from the bank to Agribusiness projects initiated and de-risked by NIRSAL. The facility will be drawn down in series, with the MOU effectively kicking off an initial…
*OBJECTIVE IS TO BOOST FLOW OF MORE FINANCE INTO AGRICULTURE To further stimulate the flow of finance and investment into the agribusiness sector, the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has activated its Rating and Incentive pillars as part of its broad mandate to fix broken agricultural value chains. The $10million Rating…
June 2018 – Cotonou, Benin – Cassava is a major source of carbohydrate for over half a billion people and provides a livelihood for millions of farmers, processors and traders worldwide. Its importance should be recognized for its contribution to fighting hunger and poverty in Africa. However, cassava production remains low in Africa because the…
To build further on the progress it has made in facilitating financing to the agricultural sector, the Nigerian Incentive-Based Risk-Sharing System on Agricultural Lending (NIRSAL) is engaging banks and other key stakeholders to encourage improvement in another vital index: on-balance sheet lending to the sector by banks. In this regard, a key outcome of the…
A Statement on the On-Going Campaign of Disinformation Against the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL Plc.) It has come to our notice that some persons and groups who claim to be stakeholders or participants in various agricultural projects are currently orchestrating a vicious and well-funded campaign of disinformation and blackmail against NIRSAL.…
*ABDULHAMEED: PROJECT WILL BOOST ACCESS TO TRACTOR AND LAND CLEARING SERVICES AT AFFORDABLE RATES FOR SMALLHOLDER FARMERS The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), along with its technical partner on agricultural mechanization – Machines and Equipment Corporation Africa (MECA) have signed an agreement with the World Bank’s FADAMA III-AF programme for the…
In line with its mandate to enhance food security and facilitate higher productivity by making impactful interventions by addressing challenges facing the agricultural sector of Nigeria from a probusiness point of view NIRSAL has developed a partnership to implement mechanised agricultural projects and activities in Nigeria NIRSAL Plc. is partnering with RIELA Projects GNA Limited…
To overcome the obstacles that are preventing the seeds and grains value chain from achieving full investment viability, the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending is leading a diverse and high-level group of local and international experts to seek efficient and sustainable solutions. To achieve the objective, the corporation is hosting the Stakeholders…
*TOP FERILIZER FIRM, JAIZ BANK, MICRO-FINANCE BANK ETC SIGN ON TO FAM-SMART Governor Godwin Obaseki has expressed optimism about an imminent boost in employment as the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has flagged off its market-led and technology-driven system of primary agriculture production, FAM-SMART in Edo State. Speaking at the inauguration of…
NIRSAL RELEASES FURTHER FUNDS TO FARMERS THIS WEEK, RESTATES COMMITMENT TO TIMELY DISBURSEMENT OF LOANS TO FARMERS’ ACCOUNTS The Central Bank of Nigeria through the NIRSAL window of the Anchor Borrowers’ Programme is creating over 250,000 direct jobs for farmers and up to 1.25m indirect jobs. This development was recently revealed by NIRSAL in a…