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NIRSAL to insure 3.6 million farmers against post COVID-19 loses

Ihesiulo Grace 22 September 2020 0

By Philip Clement, Abuja The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending says it will insure 3.6 million farmers in the country in the next five years against post harvest losses.The decision is aimed at cushioning the negative impact of rainfalls on farmlands across

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Investigation ongoing at NIRSAL, says Malami

Ihesiulo Grace 21 June 2020 0

The Minister of Justice Abubakar Malami said on Saturday that he did not stop anti-corruption agencies from investigating alleged fraud in Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL). Malami in a statement on Saturday in Abuja by his Special Assistant on Media and Public Relations, Dr Umar Gwandu, described any claim to the […]

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NIRSAL eases farmers’ access to finance, training

Ihesiulo Grace 24 April 2020 0

Nigeria Incentive-Based Risk Sharing System for Agricultural Landing (NIRSAL) has called on smallholder farmers and other agricultural stakeholders to enrol in a new programme it has launched to ease access to finances, training, inputs and other incentives in the sector. NIRSAL said the package has a target of enrolling eight million farmers across the country […]

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N50bn Covid-19 loan disbursement to commence next week-NIRSAL boss

Ihesiulo Grace 16 April 2020 0

The Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Abubakar Kure says that the N50 billion COVID-19 loan facility unveiled by the Central Bank of Nigeria (CBN) will begin disbursements from next week. READ ALSO: Breaking: Coronavirus kills Nigeria’s first health worker in Lagos He also said that NIRSAL has received

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What is NIRSAL and What They Do

Ihesiulo Grace 14 April 2020 0

NIRSAL is an initiative of the Central Bank of Nigeria (CBN), the Bankers Committee (BC) and the Federal Ministry of Agriculture & Rural Development (FMA&RD). Headed by Aliyu A. Abdulhameed he was appointed Managing Director and Chief Executive Officer of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) on 23rd December 2015. The

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NIRSAL partners Microsoft to reduce agricultural risks, attract investors

Ihesiulo Grace 28 February 2020 0

The Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) has entered into partnership with Microsoft to deploy a technological platform called Microsoft Azure FarmBeats to help Nigerian farmers reduce risks as well as attract investors to the sector. The Head of Corporate Communications of NIRSAL, Anne Ihugba, made this known in a statement in […]

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Agriculture: Why we’re adopting technology to boost productivity, minimise risk – NIRSAL

Ihesiulo Grace 27 February 2020 0

In a bid to bid to boost agricultural productivity and minimize risk in mechanized farming, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) says it is deploying technology to ensure efficiency. Statistics from the National Bureau of Statistics (NBS) shows that agriculture accounts for an average of 24 per cent of the continent’s […]

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NIRSAL’s 4m jobs boost for poverty alleviation – BMO

Ihesiulo Grace 23 February 2020 0

The Buhari Media Organisation (BMO) has commended the four million job creation initiative of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) through its N102 billion credit facility. The BMO said NIRSAL’s efforts at securing the loans from commercial banks to businesses across the various agricultural value chain is encouraging and

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Bankers’ C’ttee: NIRSAL lifts 5000 small businesses with N18bn

Ihesiulo Grace 19 February 2020 0

.Agric, manufacturing, fashion major beneficiaries .Bankers’c’ttee sets to finance four road projects NIRSAL Microfinance Bank (NMFB) has lifted not less than 5,000 Nigerians, who are majorly small business owners in the agricultural, manufacturing and fashion industry with a whopping N18 billion loan in 2019. It is, however, worthy of note that NMFB is owned by […]

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Nigeria to stop fish importation by 2022 – FG

Ihesiulo Grace 5 February 2020 0

Abuja – The Minister of Agriculture and Rural Development, Sabo Nanono, says following Federal Government’s effort to encourage local production, Nigeria may stop fish importation in 2022. The minister made this known while receiving a delegation from the National Fish Association of Nigeria (NFAN) led by its National President, Dr Gabriel Ogunsanya in Abuja on […]

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Uproar as NIRSAL refuses to disburse N246m to farmers

Ihesiulo Grace 28 August 2018 0

…Agency keeps CBN’s fund since July, Co-operative alleges …No, we won’t handover fund to unqualified group – NIRSAL Farmers under the auspices of Hope Concept Co-operative have raised the alarm over the refusal of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) to disburse N246.52million approved and released to their cooperative by

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Nigeria’s agricultural sub-sectors receive $8.06m UNDP, NIRSAL boost

Ihesiulo Grace 26 March 2018 0

The Nigerian rice and cassava agricultural sub-sectors have received sizeable boost of $8.06million from a partnership between the United Nations Development Program (UNDP), Nigeria Incentive-Based Risk Sharing for Agricultural Lending and the Ministry of Agriculture and Rural Development. Aliyu Abdulhameed, NIRSAL managing director at the signing of the Memorandum of