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!
A visit to Nigeria in 2016 by the King of Morocco, Mohammed VI, began the initial pact between NIRSAL Plc and CAM.
According to the financial services provider, the webinar affords participants the opportunity to learn directly from economic experts on the importance of planning and investment.
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending was launched in 2011 and incorporated in 2013 wholly by the Central Bank of Nigeria, CBN. And it has been discharging its mandate with clear-headed reforms for the rebirth of agriculture as of old.
Lalong affirms that the event is in line with the objectives of the agriculture policy of the state.
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.
The Managing Director of NIRSAL, Aliyu Abdulhameed, disclosed this in Lagos on Thursday in a chat with some select online news media.
Through the ongoing NIRSAL Agro Geo-Cooperative formation exercise, the farmers were structured into a group: Maize Dealers and Marketers Association of Nigeria Farmers AGC, and linked with financing under the CBN ABP.
According to its Agro Geo-Cooperative model, NIRSAL Plc structured the farmers into a group which was aptly named the Uyo Women Agro Geo-Cooperative.
The development comes following NIRSAL Plc’s structuring of farmers in the FCT into 16 established Agro Geo-Cooperatives, 12 of which are included in the ABP for wet season 2020.
The beneficiaries, who lauded Bassey, who represents Cross River Southern Senatorial District in the National Assembly, said the loan was timely and life saving.
The Management stated its position in a statement on Wednesday.
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.
No fewer than 3,256 individuals and small businesses have so far benefited from the Central Bank of Nigeria’s N50 billion Targeted Credit Facility to cushion effects of COVID-19.
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has dismissed those who protested at its head office in Abuja as paid protesters.
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has signed a Memorandum of Understanding with the Nigerian Meteorological Agency to stem risks in agriculture and boost production.
The Central Bank of Nigeria says it will issue loans at five per cent and with no collateral to Small and Medium Enterprises through the NIRSAL Micro Finance Bank.
The Nigeria Incentive Based Risk Sharing System for Agricultural Lending has engaged agricultural stakeholders to develop a system to address challenges in the transportation of agricultural produce across the country.
The first agreement was signed between the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture and the German-Africa Business Association.