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.…
It has come to the notice of NIRSAL Plc that certain individuals are operating fake Social Media accounts impersonating the Organisation and its Management, oftentimes with the intent to prey on innocent, unsuspecting Social Media users. Accordingly, NIRSAL would like to notify the general public that it’s official Social Media accounts are @nirsalconnect on Facebook,…
Lagos: July 17, 2019 – The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has signed a Memorandum of Understanding (MOU) with Ecobank on a N70Billion portfolio commitment from the bank to Agribusiness projects initiated and de-risked by NIRSAL. The facility will be drawn down in series, with the MOU effectively kicking off an initial…
*OBJECTIVE IS TO BOOST FLOW OF MORE FINANCE INTO AGRICULTURE To further stimulate the flow of finance and investment into the agribusiness sector, the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has activated its Rating and Incentive pillars as part of its broad mandate to fix broken agricultural value chains. The $10million Rating…