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The Nigeria Incentive-Based Risk Sharing Systems for Agricultural Lending Plc (NIRSAL Plc) has provided over N128 billion in loans for agriculture and agribusiness across the country since its inception 10 years ago. ....
• 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. ....
Cocoa exports: NIRSAL grants 50% Credit Risk Guarantee to ADT Russet Ltd nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.