NIRSAL targets 8 million farmers in new financing program, training

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The Nigeria Incentive-Based Risk Sharing System for Agricultural Landing (NIRSAL) has called on smallholder farmers and other agricultural stakeholders to enroll 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 with the hope of producing about 12 million metric tonnes of Grain Product Equivalent (GPE) on a yearly basis over the medium to long term.

The agency disclosed this on its Twitter account last week.

Anne Ihugba, NIRSAL’s head of corporate communications confirmed the post.

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To achieve this, the agency urged eligible agricultural stakeholders “who are domiciled in or have access to their communities and farmers to take advantage of the opportunity as a means of employment and a source of income generation.”

NIRSAL is a non-bank financial institution established by the Central Bank of Nigeria (CBN) in 2013 with the mandate to stimulate the flow of affordable financial investment into the agricultural sector, by de-risking the agribusiness finance value chains.

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This is done through its five strategic pillars- Risk sharing, insurance, technical assistance, incentive and rating.

It advised interested stakeholders to enroll via https://nirsal.com/agrogeocoop/


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