The Nigeria Incentive-Based Risk Sharing System for Agriculture Lending on Thursday announced that it had facilitated over N148bn in finance and investments for agriculture and agribusiness.
Managing Director, NIRSAL, Aliyu Abdulhameed, told journalists in Abuja that the firm achieved the feat as of the fourth quarter of 2020. He noted that the agency aggregated over 3,000 agro geo-cooperatives with 500,000 farmers on nearly 800,000 hectares of land.
“We enrolled 1.4 million persons onto innovative insurance products designed by NIRSAL in collaboration with a consortium of agricultural insurance underwriters…
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