The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has commenced engagements with relevant stakeholders in the agricultural sector for feedback collection in order to determine the cost of various crops cultivation and livestock rearing.
NIRSAL disclosed this through its twitter handle it’s handle @nirsalconnect on Wednesday.
The disclosure which was done in Cross River engaged relevant stakeholders from aquaculture, poultry, piggery and other livestock and crops farmers.
In continuation of the NIRSAL Stakeholder Engagement Workshop in Cross River state, we met with actors in the Cassava, Rice, Aquaculture, Poultry and Maize value chains who provided us with feedback on the challenges that affect their operations. pic.twitter.com/MHvSvBHyfr
— NIRSAL Plc (@nirsalconnect) August 10, 2022
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc.) is a US$500million Non-Bank Financial Institution entirely owned by the Central Bank of Nigeria (CBN) made to Redefine, Dimension, Measure, Re-Price and Share agribusiness-related credit risks in Nigeria.
Laid out as a team with the Federal Ministry of Agriculture and Rural Development (FMARD) and Nigerian Bankers’ Committee in 2013, NIRSAL’s order is to invigorate the progression of reasonable money and interests into the horticultural area by de-risking with the farming and agribusiness finance esteem chain, fixing farming worth chains, constructing long haul limit, and standardizing motivators for farming loaning through its five (5) key support points, to be specific: Risk Sharing, Insurance, Technical Assistance, Incentives and Rating.
Greetings NIRSAL. Please how can I be part of benefits from this?
Hello, please we will inform you when it’s due.