Daily Archives: August 6, 2019

ECOBANK COMMITS N70B TO NIRSAL-SUPPORTED AGRIBUSINESS INITIATIVES

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…

NIRSAL’S N10B RATINGS PILLAR: 3 STATE GOVTS, BANKS SIGN ON FOR PILOT SCHEME

*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…

NIRSAL IDENTIFIES CASSAVA AS AN ACCELERATOR FOR AFRICA’S TRANSFORMATION

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…

NIRSAL ENGAGES BANKS TO IMPROVE ON-BALANCE SHEET LENDING TO AGRIC

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…