NIRSAL: Impacting the Agricultural Value Chains
NIRSAL which is designed with the objective of enabling the flow of affordable financing to all players along entire agricultural value chains, has helped to reduce the risks of financing institutions while granting agricultural loans, by building the capacities of both banks and value chain actors on good practices in agricultural financing, loans utilization and repayment.
NIRSAL’s intervention schemes so far has benefited Agricultural producers via increased access to credit, enhanced adoption of better cultural and agronomic practices, use of improved inputs like seeds and fertilizers, increased productivity and profit, income, standards of living, job creation and poverty reduction.
NIRSAL has strengthened the Nigerian finance and has given opportunity for banks to capture latent profits in agricultural lending, maintain long term human institutional and cultural capacity for value chain financing capacity and enjoying lower loan origination and distribution costs.
NIRSAL has also boosted farmers and agricultural production. NIRSAL’s interventions has benefited Agricultural producers via increased access to credit, enhanced adoption of better cultural and agronomics practices.
In addition, NIRSAL has partnered with so many campanies like The National Insurance Commission (NAICOM), NACCIMA and has contributed immensely to the industrial growth of the Nigerian economy since it came on board.
