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Some of the NIRSAL achievements that enhanced CEO Today’s reckoning of the institution and its CEO, Abdulhameed, is the facilitation of over $550 million to various actors across agricultural value chains for mechanisation activities, input distribution, and the production, processing, trading and marketing of agricultural commodities.
Commercial banks have pledged to provide an additional $500m to fund agriculture in the short to medium-term, NIRSAL Credit Risk Guarantee (CRG) and its structured agro-based geo-cooperatives are sustained.
Last year, there was remarkable growth in the rate of bank lending to agriculture rising from 1.4 per cent pre-NIRSAL to 4.8 per cent as of Q3 2020.