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Utilise FG's NISRAL, NAIC Policies AFAN Urges Farmers


Gilbert Ekugbe
The Women Leader, All Farmers Association of Nigeria (AFAN) and Director-General/ National Coordinator, LUGAVO, Hajia Halima Njobdi has urged farmers to take advantage of the federal government’s Nigeria Incentive-Based Risk Sharing System for Agricultural Lending and the Nigerian Agricultural Insurance Corporation (NAIC) to safeguard risks exposures of their farming businesses post COVID-19.
She added that with the adverse impacts of the COVID-19 pandemic and worsening security challenges in Nigeria’s agric sector, Nigerian farmers have been advised to key into the insurance guarantee and subsidy regimes in agro-industrial value chains introduced by the Central Bank of Nigeria (CBN) ....

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NIRSAL boosts cocoa supply chains in Lagos with N1.15bn


• ADT Russet Ltd to export 4,000MT yearly
As the world global cocoa market value hits $67 billion, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has activated its resources to maximise Nigeria’s participation in the raw material supply chains.
 
Hence, NIRSAL has provided 50 per cent Credit Risk Guarantee (CRG) on a working capital facility of N1.15 billion to ADT Russet Limited, a cocoa bean-sourcing and exporting company in Lagos State.
 
Besides the absorption of a substantial part of its risk exposure in the event of loan delinquency, NIRSAL Plc is also providing efficient monitoring of the project, which is aimed at boosting ADT Russet’s export volume to 4,000MT yearly. ....

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