The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has urged stakeholders in the agriculture value-chain to step up measures that will deepen financing of the agricultural value chains.
The organisation said this was needed now especially that the sector is far from yielding its potentials having remained largely smallholder-based, under-financed, low productivity and low used of improved technologies in the country.
The Managing Director of NIRSAL, Mr Aliyu Abdulhameed made the call in Abuja at a Validation Stakeholders workshop on the need of improved Agriculture Values Chain (AVC) Operators, Financing and Capacity Needs Assessments.
According to him, the establishment of NIRSAL has been pre-conceived as the game changer in the agricultural financing hence it is an incentive mechanism targeted at de-risking agriculture and facilitate lending to agribusiness in the country.
