NIRSAL is designed with the objective of enabling the flow of affordable financing to all players along entire agricultural value chains. It reduces the risks of financing institutions while granting agricultural loans by building the capacities of both banks and value chain actors on good practices in agricultural financing, loans utilization and repayment.
NIRSAL operated as a project implementation office in Development Finance Department of the CBN until the appointment of its executive management team by the CBN on 23rd December 2015.
Following our recent Credit Risk Guarantee (CRG) issuance on ADT Russet Ltd’s N1.15 billion commercial bank loan, we are looking to initiate more of such deals in support of Agribusinesses nationwide.
In Kano, Oyo, Yobe, Benue, Osun and Enugu States, we met with commercial banks, a processor, marketer, super agro dealer and poultry farm to market the NIRSAL CRG as an instrument for both de-risking and finance facilitation.
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