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About 500,000 farmers and vulnerable people in Nigeria’s North-East zone can now access farming friendly and demand-driven financial services. It is the result of First City Monument Bank’s (FCMB) partnership with Mercy Corps, a frontline international aid organisation. A bold and landmark intervention, the partnership supported by USAID-funded Feed the Future Nigeria Rural Resilience Activity, […]
[ad_1] Governor Mai Mala-Buni of Yobe has approved N73.8 million, for reactivation of the state fertiliser blending plant in Gujiba. The state’s Commissioner for Commerce, Industry and Tourism, Alhaji Barma Shettima said this in an interview with the News Agency of Nigeria (NAN), in Damaturu on Friday. He said the approval followed the signing of […]
[ad_1] 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 […]
[ad_1] 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 Central Bank of Nigeria says interested stakeholders must meet its set criteria to access its N50bn intervention loans for small and medium scale enterprises. The CBN introduced the N50bn Targeted Credit Facility as a stimulus package to support households and Micro, Small and Medium Enterprises affected by the COVID-19 pandemic, and guidelines to access […]
[ad_1] *35,160 Farmers Beneficiaries Abuja – Aliyu Abdulhameed, Managing Director/CEO of the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) disclosed on Thursday that the company has facilitated over N102 billion in loans from commercial banks since its inception, across the various agricultural value chains in the country. He said the company’s intervention in […]
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) says eight million farmers will benefit from its 16,000 Geo-Clusters Scheme across the country. Mr Aliyu Abdulhameed, the Managing Director of NIRSAL made this known in his presentation at the 61st session of Greeners Hub B2B Nigeria in Abuja on Sunday. NIRSAL has mandate to […]
The Minister of Agriculture and Rural Development, Malam Sabo Nanono said the Bank of Agriculture(BOA) was still in distress because no concrete effort was made to recapitalise it in spite of pronouncements in the past. Nanono disclosed this while speaking the News Agency of Nigeria(NAN) in Abuja. He said it was disheartening to note that […]
The Central Bank of Nigeria (CBN) has approved the disbursement of about N75billion as loan to farmers in the 36 states and the Federal Capital Territory (FCT) under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending (NIRSAL). The loan guarantee scheme is a public-private sector initiative set up to transform the country’s agricultural sector. It […]
In the last four years, there have been increased activities around commercial banks lending to agriculture, the area they once considered unsafe. Banks have been rolling out huge figures in the sector, in addition to organising agricultural show and expo to stress how significant they have become the country’s food security drive. For example, the […]
Officials from the Central Bank of Nigeria (CBN), the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) and representatives of the Nasarawa State government have met and agreed on modalities for accessing a N1.5bn credit facility to assist youths across the state in establishing agribusinesses. Chairman of the committee set up by the state […]
Flooding The Federal Capital Territory Administration (FCTA), on Tuesday, commenced distribution of agro-inputs worth N150 million to farmers affected by the 2018 flooding and erosion in the FCT. The FCT Permanent Secretary, Mr Chinyeaka Ohaa, at a ceremony to commence the distribution exercise, at Kuje Area Council, warned farmers against engaging in agricultural activities without […]
While delivering a speech at the National Cereals Research Institute (NCRI), Badeggi, Niger State, Acting Executive Director of the Nigerian Stored Products Research Institute (NSPRI), Ilorin, Dr Patricia Pessu, talked about some of the solutions to the challenges facing agriculture as an occupation in Nigeria, as he suggested the need to fast-track agro-economic development and […]
In its quest to upscale agricultural activities within its geographical confines, Edo State Government has received a significant boost as it is reportedly been gifted with a partnership opportunity with the Central Bank of Nigeria (CBN) on a synergy between the Anchor Borrowers’ Programme (ABP) and the state’s Agripreneur initiative. Joe Okojie, the Special Adviser […]
Former President, Chief Olusegun Obasanjo on Thursday, urged Nigerian banks to increase funding within the agricultural sector for higher productivity and agro produce sufficiency. Obasanjo said this in Abeokuta during the 2019 Annual Conference of the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN). The theme of the three-day convention is “Banking in […]