*35,160 farmers benefit from insurance product The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, (NIRSAL) has confirmed that it has facilitated over N102 Billion as loans from Commercial Banks since its inception, across the various Agricultural Value Chains in Nigeria. NIRSAL Plc, a wholly-owned corporation of the Central Bank of Nigeria (CBN), is…
*Backs Corporation in its Agribusiness transformation mandate The National Assembly is full of praise for Aliyu Abdulhameed, NIRSAL’s Managing Director/CEO, for his efforts in positioning the risk-management agency as the driver of agricultural development in Nigeria. The commendation came during a visit by NIRSAL and its Management to the Public Accounts Committee of the National…
*Protesters are not farmers, admit they were paid As part of the ongoing campaign against NIRSAL by corrupt interests fighting against the successful agricultural reforms by the Buhari administration, some sponsored miscreants have been staging a protest outside NIRSAL’s offices in Abuja. The miscreants carried placards inscribed with unsubstantiated and discredited allegations against NIRSAL,…
L-R: Leonard Akah, Director of Policy & Regulation, NAICOM; Aliyu Abdulhameed, MD/CEO, NIRSAL Plc; Benjamin Agili, Director/CEO, Royal Exchange General Insurance Company and Khalid Momodu, Regional Manager, West Africa Anglophone, Swiss Re. *Product will protect farmers from bad weather risks and losses In a move that will have a significant positive impact on agricultural…
February 28, 2019, Abuja – As part of efforts to improve agricultural productivity and further de-risk Agriculture, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) and the Nigerian Meteorological Agency (NiMet) have partnered to ensure Nigerian farmers receive timely agrometeorological information and advisory services for application in their operations. The partnership will…
February 24, 2020, Abuja, Nigeria – Agriculture plays a key role in the development and growth of African economies, contributing to employment and food security. Even though agriculture accounts for an average of 24% of the continent’s GDP, there remains a lot of untapped agricultural potential that can be leveraged by increasing farming productivity. To…
*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…
*Facilitates N23Billion investment by Stanbic IBTC across agricultural value chain Nationwide In line with its core mandate, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has facilitated over N6Billion into strategic projects in the pre-upstream and midstream segments of the agricultural value chain by Stanbic IBTC Bank in Kaduna State. Specifically, NIRSAL…
In a shift from the subsistence farming practiced in Ewekoro, Yewa North, and Ogun Waterside Local Government Areas of Ogun State, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has organised 851 maize, rice and cassava farmers in these areas into financeable geo-cooperatives for participation in the 2019 wet season farming under the…
The promise of the collaboration between the Edo State Government and NIRSAL on crop production is being delivered as Edo farmers realize a 100% increase in yields and revenues from the 2019 early wet season production of Rice and Maize as a result of improved technologies, optimised operations, funding and guaranteed markets facilitated by NIRSAL.…