Category Archives: News and Events

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…

NIRSAL WILL NOT BE BLACKMAILED INTO HANDING OVER FARMERS’ FUNDS TO UNQUALIFIED AND DISHONEST MIDDLEMEN

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.…

MECHANIZED AGRICULTURE: NIRSAL, MECA SIGN AGREEMENT WITH WORLD BANK’S FADAMA III

*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…

PRESS RELEASE NIRSAL/RIELA

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…

NIRSAL LEADS EXPERTS TO FIX CHALLENGES OF SEEDS AND GRAINS VALUE CHAIN

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…

OBASEKI HAILS JOBS PROSPECTS AS NIRSAL LAUNCHES FAM-SMART IN EDO

*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…

CBN ANCHOR BORROWERS’ PROGRAMME CREATES 250,000 DIRECT JOBS, 1.25M INDIRECT JOBS THROUGH NIRSAL

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…

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…