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 various states in the country. READ ALSO: NIRSAL structures FCT […]
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 […]
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 […]
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 […]
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 Nigeria Incentive-Based Risk Sharing […]
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 […]
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 […]
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 will boost […]
.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 […]
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 […]
…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 the […]
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 Understanding (MoU) for the implementation […]