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…
NIRSAL is finalising an innovative transportation system designed to tackle the bottlenecks in the national haulage system for agricultural products. The model is currently undergoing a comprehensive and rigorous process of internal testing before its formal deployment. The Secured Agricultural Commodity Route (SACR) is a targeted, multi-pronged system anchored on a dedicated national transportation network…
August 8, 2018, Abuja, Nigeria – NIRSAL Plc and the International Centre for Tropical Agriculture (CIAT) have signed an agreement to jointly deliver on the project imperatives of creating Climate Risk Profiles in Nigeria. The Project is aimed at providing an overview of climate risk issues and other vulnerabilities across agro-ecological zones in the country…
In continuation of its efforts in fixing broken agricultural value chains in Nigeria, NIRSAL Plc lent its support to the just concluded validation workshop organised by the Forum for Agricultural Research in Africa (FARA) and the Arewa Research and Development Project (ARDP) held earlier this week, in Kaduna. The workshop focused on validating identified capacity…
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…