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…
February 1, 2019, Sokoto, Nigeria – The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is moving proactively to ensure that farmers receive necessary inputs on time for a successful 2019 farming season. Already, thousands of smallholder farmers in various states of the country have received input packages for rice and tomatoes under the…
NIRSAL is finalising an innovative transportation system designed to tackle the bottlenecks in the national haulage system for agricultural products. The model is currently undergoing a comprehensive and rigorous process of internal testing before its formal deployment. The Secured Agricultural Commodity Route (SACR) is a targeted, multi-pronged system anchored on a dedicated national transportation network…
August 8, 2018, Abuja, Nigeria – NIRSAL Plc and the International Centre for Tropical Agriculture (CIAT) have signed an agreement to jointly deliver on the project imperatives of creating Climate Risk Profiles in Nigeria. The Project is aimed at providing an overview of climate risk issues and other vulnerabilities across agro-ecological zones in the country…
In continuation of its efforts in fixing broken agricultural value chains in Nigeria, NIRSAL Plc lent its support to the just concluded validation workshop organised by the Forum for Agricultural Research in Africa (FARA) and the Arewa Research and Development Project (ARDP) held earlier this week, in Kaduna. The workshop focused on validating identified capacity…
FACILITATES N66.3B FINANCIAL FLOWS TO AGRICULTURE The Nigeria Incentive Based Risk Sharing System (NIRSAL) has created at least 360,000 direct jobs and impacted about 1.8 million lives through the projects in the agriculture sector that it has facilitated finance to and supported in other ways. The projects are in primary production, processing, logistics and input…
*FOCUS AREAS INCLUDE AGRO PROCESSING, MECHANIZATION, LOGISTICS/HAULAGE, STORAGE ETC In continuation of its efforts to increase commercial bank lending to agriculture by de-risking the sector and making it a viable, profitable investment destination for the private sector, the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) in collaboration with Union Bank of Nigeria…