Browsing: NIRSAL

Hence in this attempt at highlighting the good governance contributions of the 10th Senate so far, it is acknowledged that legislative outputs are only impactful if they are respected by the executive. By the constitution, the legislature is lacking in power and influence, particularly in the aspect of eliciting external compliance. This is common knowledge!

Akinwuntan who was speaking at the 2nd edition of the Ecobank Agribusiness virtual summit organised in association with Vanguard Economic Forum Series with the theme: “Digitizing the agricultural value chain for unlocking productivity, economic growth and food security,” noted that with the African Continental Free Trade Area (AfCFTA)  in full play, accelerated growth through technology adoption is required to harness the full benefits for the nation, stressing that “Ecobank is committed to developing the agriculture space,  providing employment for our youths, creating wealth for our citizen and placing Nigeria as a global economic power house.

Strategic Partners to Ecobank on the summit are Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Nigerian Association of Small & Medium Enterprises (NASME). Others include the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) and Nigeria Agribusiness Group (NABG). The speakers and panelists are carefully drawn from government, development finance institutions, banking, trade associations, civil society, non governmental organisations and subject matter experts in technology and agriculture. 

Like other sectors of the economy, agriculture is being profoundly and negatively impacted by the Coronavirus. In many countries, the disruption of supply of goods and services globally has resulted in the loss of revenue from agribusiness, reduced productivity of farms and food processors, large scale waste of perishable farm produce, and many other challenges that have far-reaching effects on the global population.