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…
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…
*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…
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…
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…
*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…
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…
*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…
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…
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…