NIRSAL facilitates N102b to stimulate agric, creates 400,000 jobs NIRSAL Agriculture Finance Nigeria
from commercial banks since its inception across the various agricultural value chains in the country.
By its mandate, NIRSAL is not a lending institution but was created to stimulate the flow of affordable finance and investments into fixed agricultural value chains. This, it does, through fixing of agricultural value chains, building long-term capacity and institutionalising incentives for agricultural lending leveraging its five strategic pillars namely: Risk Sharing, Innovative Insurance Technical Assistance, Incentive Mechanism, and Rating.
He said NIRSAL had within a short period of time achieved, among others, the Development of Area Yield Index Insurance for the CBN’s Anchor Borrowers’ Programme. He disclosed that NIRSAL had developed and deployed appropriate de-risking strategies that speak to the entire risk universe as they affect both the agricultural and agriculture finance value chains.
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