Browsing: Central Bank of Nigeria

And it’s all thanks to the Central Bank of Nigeria ambitious funding of agriculture and introduction of safety nets to ensure strict compliance with the rules governing loans. One of the chief drivers of the growth in agriculture is the Nigeria Incentive-Based Risk Sharing system for Agricultural Lending. Quietly and sure-footedly, NIRSAL, launched in 2011 and incorporated in 2013 wholly by the CBN, has thrust Nigeria forward like never before in the entire agro-business value chain.

Alhaji Abba Dantata, a member of RIPAN, stated this in Kano on Monday during a joint press briefing with Kano State Public Complaints and Anti-Corruption Commission over the hike in price of rice in in the state