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The Nigeria Incentive-Based Risk Management System for Agricultural Lending (NIRSAL) Plc has facilitated over N146 billion Loans to the agricultural sector and related businesses.
The Managing Director, Mr. Aliyu Abdulhameed disclosed this when he addressed the press, in Abuja, yesterday.
According to him, “When we say that NIRSAL Plc has facilitated the flow of over N146 billion Loan into agricultural commodity value chains from commercial banks, we mean that we have brokered deals whose value add up to that figure.
“Banks, very conservative with depositors’ funds, have long shied away from lending to agriculture because of their high perception of risks.
“Therefore, NIRSAL Plc necessarily creates conditions that influence a change in perception under a purely commercial logic. We refer to it as fixing value chains.”
The MD said that the unprecedented achievement was made possible in various sub-sectors of agriculture including crop production and commodities processing, animal husbandry, transportation and other value-chain segments of the sector by the dedication of the management and staff.
The NIRSAL Plc boss also disclosed that they have recorded less than one percent in Non-Performing Loans (NPL) for projects guaranteed by NIRSAL.
An elated NIRSAL boss said that the expertise with which his organization has carried out its mandate resulted in minimal cases of loan beneficiaries’ defaults.
According to him, “The Credit Risk Guarantee (CRG) tool, which we deploy to facilitate agricultural lending, comes in the form of a piece of paper. It is only when a project fails and puts a lender’s money in jeopardy that the CRG tool begins to take the shape of money. Even then, we have witnessed less than 1 percent of such scenarios in our entire existence”.
He said that consequent upon this, every segment of the agricultural sector has been captured in the design of specific insurance products which has made it attractive to Deposit Money Banks.
₦2,500,000 NIRSAL Agric Loan Begins! – The federal government is trying to facilitate N146b for agribusiness through NIRSAL.
They advised beneficiaries of the different federal government interventions to optimize their opportunities. Submit your Application here.
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Am interested
lawalaminu733@gmail.com. farmers market
Good day sir pls I need the loan to found my business
I need the loan to found my business
Help for my business
Am a truck driver open a business to support my work because of my family if federal government can assist me I will be very happy.to give me loans like sum of 1.5million I will be grateful.
Am a truck driver open a business to support my work because of the family if federal government can assist me with sum of 1.5million naira only I will be very grateful
I wish to appreciate the effort of federal government for this platform to reduce unemployment in Nigeria
For farming
IAM interesting into agric loan begins.
My name is gbenga akinrinwa am from ondo state I live in Lagos and I a pig farm please help me with a loan too buy more pig
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I appreciate the federal government for there support
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Asmauhassangidadoo@gmail.com
Address yauri flat
Sokoto state
kennedyfrancis.2000@gmail.com
Yes
Thanks for this
You thank of the day but
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How long will I wait to get replied?.
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muntarishitu57@gmail.com
2000000
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Yohannajoel2019@Gmail.com
Farming in the rain session
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Iam Mamman Bello, I plan deference things, maize, Ginger, soya beans, and rice,and I rear cow, ram etc
hello everyone
May God almighty bless you people in Jesus name amen.
Thank you
DEAR SIR MR
I.AM USAINI BAGANA MAIGARI
WE NEED FOR LOAN 250.000
PLc held me becouse of i.well star for business market
i.am problem poverty
but if your get loan star business market
To whom it may concern
Please I need a loan of #700,000, to help me with my cassava cultivation and processing. I will pay back when due… Thanks
Dear sir/ma
I want to start my business , I want to deal on food stuff wholesale. I need the lone to fund my business. Thanks
I desire to partake in this benevolence and.
I’m interested