Impact In Numbers
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Unlocked Over ₦293.0 Billion in Agricultural Lending – and Counting
In just over a decade, NIRSAL has successfully catalyzed over ₦293.0 billion in commercial financing to the agriculture sector — a milestone that underscores our role as a trusted partner in agricultural finance. This achievement reflects the growing confidence of banks and financial institutions in the agricultural value chain, thanks to our de-risking tools, technical support, and market-enabling systems.
And we are not stopping here. By 2028, we aim to double this figure, accelerating investment across the full agricultural value chain, from farm to market.
₦293.0bn
Facilitated
for Agribusiness
₦278.09m
Face Value of
crystallized loans
Inputs |
We have supported the financing of input supplies including seeds, fertilizers, agrochemicals, and mechanization services. By enabling timely access to quality inputs, we have helped farmers boost productivity, reduce crop failure, and meet market demand more reliably. |
Primary Production |
Through our Credit Risk Guarantees and technical assistance, banks have financed primary production activities in crop farming, livestock, aquaculture, and more. These investments have led to improved yields, farmer incomes, and rural employment. |
Processing |
NIRSAL-facilitated loans have helped agro-processors acquire equipment, upgrade facilities, and expand capacity. By financing this critical midstream segment, we have helped reduce post-harvest losses and increase the value of agricultural products across Nigeria. |
Logistics & Marketing |
Our interventions have also extended to the downstream segment, supporting the transportation, storage, and distribution of agricultural goods. By enhancing market access and infrastructure, we are building more efficient, competitive agricultural systems. |
Inputs
We have supported the financing of input supplies including seeds, fertilizers, agrochemicals, and mechanization services. By enabling timely access to quality inputs, we have helped farmers boost productivity, reduce crop failure, and meet market demand more reliably.
Primary Production
Through our Credit Risk Guarantees and technical assistance, banks have financed primary production activities in crop farming, livestock, aquaculture, and more. These investments have led to improved yields, farmer incomes, and rural employment.
Processing
NIRSAL-facilitated loans have helped agro-processors acquire equipment, upgrade facilities, and expand capacity. By financing this critical midstream segment, we have helped reduce post-harvest losses and increase the value of agricultural products across Nigeria.
Logistics & Marketing
Our interventions have also extended to the downstream segment, supporting the transportation, storage, and distribution of agricultural goods. By enhancing market access and infrastructure, we are building more efficient, competitive agricultural systems.
Rebuilding Trust in Agricultural Finance
Agriculture is one of the world’s oldest industries—familiar territory for many capital providers. Yet in Nigeria, past investment failures left financiers wary, making agricultural lending a difficult proposition. NIRSAL is changing that narrative. By
successfully onboarding 32 financial institutions into agricultural finance, we are restoring confidence in the sector and reshaping
the landscape of agricultural lending. Our work continues to deepen financial sector participation in agriculture, unlocking capital
for sustainable growth and national food security.
32+
Counterparties
Engaged
| 14 DMBs | Generally, financiers of working capital loans. |
| 9 MFIs | Generally, financiers of working capital loans. |
| 4 DFIs | Mainly export and infrastructure finance |
| 2 Non-interest Banks | Islamic banking products and principles |
| The Capital Market | Mainly infrastructure finance |
Transforming Agricultural Insurance
3 Insurance Products Developed
9 Insurers Convened
1.8m Subscriptions
NCII |
The NIRSAL Comprehensive Index Insurance (NCII) is a product that provides broad protection to farmers against multiple risks affecting crop yields. Unlike single-peril insurance (e.g., drought-only), NCII covers a wide range of perils — including drought, excess rainfall, pests, and diseases. Instead of assessing individual farm losses, NCII relies on area-level data (such as crop yield statistics, weather data, or satellite imagery) to determine payouts. If actual yields (or weather/vegetation conditions) fall below the trigger level, payouts are automatically made to all insured farmers in the area. |
HMPCI |
The NIRSAL Hybrid Multi-Peril Crop Insurance product combines the strengths of traditional multi-peril crop insurance and weather index insurance. It is designed to give farmers comprehensive protection against a wide range of risks while ensuring faster and more transparent claim settlements. This product protects farmers against yield losses from multiple natural perils such as drought, flood, pests, and diseases, usually based on actual field performance while using objective weather parameters (e.g., rainfall, temperature, or humidity) as triggers for payouts. If recorded weather data crosses a pre-agreed threshold, compensation is made automatically. This hybrid model provides broad risk coverage while also ensuring speed and transparency in payouts. |
AYII |
The Area Yield Index Insurance (AYII) offers farmers protection against yield shortfalls caused by natural risks such as drought, floods, pests, and diseases. Unlike traditional insurance products that assess individual farm losses, AYII benchmarks the average yield of a defined area (such as a district or local government area). When the area’s average yield falls below a set threshold (the “trigger yield”), all insured farmers receive compensation — ensuring financial security and peace of mind, regardless of their individual outcomes. |
AYII
The Area Yield Index Insurance (AYII) offers farmers protection against yield shortfalls caused by natural risks such as drought, floods, pests, and diseases. Unlike traditional insurance products that assess individual farm losses, AYII benchmarks the average yield of a defined area (such as a district or local government area).
When the area’s average yield falls below a set threshold (the “trigger yield”), all insured farmers receive compensation — ensuring financial security and peace of mind, regardless of their individual outcomes.
HMPCI
The NIRSAL Hybrid Multi-Peril Crop Insurance product combines the strengths of traditional multi-peril crop insurance and weather index insurance. It is designed to give farmers comprehensive protection against a wide range of risks while ensuring faster and more transparent claim settlements. This product protects farmers against yield losses from multiple natural perils such as drought, flood, pests, and diseases, usually based on actual field performance while using objective weather parameters (e.g., rainfall, temperature, or humidity) as triggers for payouts. If recorded weather data crosses a pre-agreed threshold, compensation is made automatically. This hybrid model provides broad risk coverage while also ensuring speed and transparency in payouts.
NCII
The NIRSAL Comprehensive Index Insurance (NCII) is a product that provides broad protection to farmers against multiple risks affecting crop yields. Unlike single-peril insurance (e.g., drought-only), NCII covers a wide range of perils — including drought, excess rainfall, pests, and diseases. Instead of assessing individual farm losses, NCII relies on area-level data (such as crop yield statistics, weather data, or satellite imagery) to determine payouts. If actual yields (or weather/vegetation conditions) fall below the trigger level, payouts are automatically made to all insured farmers in the area.
Building Trust Through Value Chain Fixing and Technical Assistance
NIRSAL is more than a finance facilitator—it is a catalyst for systemic change. By aligning capital with capability, we transform agriculture from a high-risk sector into a high-opportunity investment destination. Our integrated model ensures that finance flows where it matters most, and that every stakeholder—banks, producers, and the nation—wins.
8.3K Financial Institutions’ Staff Trained
15+ Agribusiness Models Developed
303k Farmers Trained
