Yearly Archives: 2019

UNLOCKING BANK FINANCE FOR AGRIBUSINESS: NIRSAL WOOS DEPOSIT MONEY BANKS, INTRODUCES ITS MAPPING-TO-MARKET CONCEPT

In continuation of its efforts to get more funds into agriculture by strengthening the handshake between finance and agriculture, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is engaging the Management Credit Committees of commercial banks. The purpose of the exercise is to apprise them of promising investment-friendly developments in Nigeria’s emerging agriculture/agribusiness…

COCOA EXPORT: NIRSAL FACILITATES N2BILLION FACILITY IN ONDO

*Agro Traders Limited gets support to export 22,000 MT of cocoa In line with its core mandate, The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is providing Agro Traders Limited – a Cocoa processing and export company in Ondo State – with 50% Credit Risk Guarantee for N2Billion working capital facility. As part…

UNLOCKING BANK FINANCE FOR AGRIBUSINESS: NIRSAL WOOS DEPOSIT MONEY BANKS

May 30, 2019, Lagos, Nigeria – In continuation of its efforts to get more funds into agriculture by strengthening the handshake between finance and agriculture, the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) is drilling deeper by engaging the Management Credit Committees of commercial banks. The purpose of the exercise is to apprise them…

NIRSAL PARTNERS WORLD BANK’S APPEALS PROJECT FOR ENHANCED AGRIC PRODUCTIVITY, IMPROVED VALUE ADDITION

*Project targets 360,000 beneficiaries The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has signed a Memorandum of Agreement and Action (MoA) with The Agro-Processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) – a US$200million World Bank funded Project – for the development, financing, and support of de-risked and optimized agribusiness projects. In line…

525 Imo farmers to benefit from the CBN Anchor Borrowers’ Programme

March 21, 2019, Owerri, Nigeria – Over 500 smallholder farmers cutting across Mbaitoli, Ideato North and South, Nwangele, Oguta, Ohaji Egbema, Oru West, Isu and Okigwe Local Government Areas in Imo State are benefiting from agricultural input supply under the Anchor Borrowers’ Programme (ABP) of the Central bank of Nigeria (CBN) being administered by the…

DRY SEASON FARMING: NORTH-EAST FARMERS LAUD NIRSAL FOR SUPPORT UNDER THE CBN ABP

February 8, 2019, Gombe, Nigeria – The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL Plc.) on Thursday, flagged off the distribution of agricultural inputs to 1,729 rice and maize farmers in Gombe State under the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme (ABP), for the 2018/2019 Dry Season farming. The beneficiaries are farmers…

NIRSAL SUPPORTS RICE FARMERS WITH EARLY INPUT SUPPLY FOR 2019 DRY SEASON

February 1, 2019, Sokoto, Nigeria – The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is moving proactively to ensure that farmers receive necessary inputs on time for a successful 2019 farming season. Already, thousands of smallholder farmers in various states of the country have received input packages for rice and tomatoes under the…