The Nigeria Incentive- Based Risk Sharing for Agricultural Lending (NIRSAL), in conjunction with the United Nations Development Program (UNDP) and Federal Ministry of Agriculture and Rural Development (FMARD) are collaborating in the recently launched $8 million NASDP to eradicate bottlenecks in rice and cassava value chain.
Managing Director / CEO of NIRSAL, Mr. Aliyu Abdulhameed, says “NIRSAL’s primary mandate is to fix the broken agricultural value chain thereby facilitating the flow of finance and investment to the agricultural sector. One way NIRSAL approaches this, is by sharing risks with agricultural value chain players particularly providers of finance by providing Credit Risk Guarantees on viable Agricultural projects and supporting Agricultural Value Chain players with Technical Assistance, Innovative Projects and several other catalytic initiative”, said Abdulhameed. The project will directly impact over 10,000 Small Holder farmers, and over 50,000 lives annually and consolidate capacity of processors across Nigeria through a better and structured logistics arrangement with primary producers.