December 3, 2020, Abuja, Nigeria – In line with its mandate to fix broken agricultural value chains and increase the flow of finance into the sector, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) is championing advocacy for the operationalization of a Secured Agricultural Commodity Transport & Storage Corridor (SATS-C) which is…
*Product will protect farmers from bad weather risks and losses In a move that will have a significant positive impact on agricultural productivity and assured income for farmers at this challenging time, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) in collaboration with Royal Exchange General Insurance Company (REGIC), has developed the…
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 focus on the development of…
*Supports 2,872 Farmers in South-South Region In adherence to the principles of all-inclusive growth, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) is empowering 475 female farmers in Uyo for cassava production during the 2020 wet season farming. According to its Agro Geo-Cooperative® (AGC) model, NIRSAL Plc structured the farmers into a…
As a contribution to the Federal Government’s restoration of socio-economic stability in Borno State, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has flagged off distribution of input materials under the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme (ABP) to 2,987 maize farmers in the state for their 2020 wet season…
*Farmers leveraging NIRSAL’s Agro Geo-Cooperative® model Rice, maize, cassava, sesame and soybean farmers in Nasarawa, Niger, Kogi and Benue states as well as the FCT are positioned for an increase in yields and improvement in livelihoods following The Nigeria Incentive-Based Risk Sharing System’s (NIRSAL Plc) support for their 2020 wet season farming activities under the…
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 do so requires investment, but agricultural…
*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,…