More Than Over 17,600 farmers get NIRSAL loans Apply Now
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending claims that no less than 4,630 farmers have received loans from the agency since it began operating in the state in 2017 in an effort to complement farmers’ efforts and guarantee food sufficiency.
We learned that NIRSAL, a Central Bank of Nigeria agency, was established to link the agricultural value chain and the financial sector to improve agricultural business productivity, food security, and profitability in Nigeria.
Noel Dilli, Head of the Projects Monitoring, Reporting, and Remediation Office, stated at the NIRSAL stakeholders 2022 Engagement on Thursday in Lafia that loans totaling N500 million had been given to farmers in the state to increase their productivity.
READ: According to Dilli, the objectives of the meeting were to have a one-on-one meeting with the stakeholders in the field across all segments of the agricultural value chain; demonstrate NIRSAL’s accomplishments during their five years in the state; showcase some of the services offered by NIRSAL; demonstrate the organization’s commitment to repairing Nigeria’s AVC and its future plans.
He assured farmers that the agency would always work with them and urged farmers facing financial difficulties to apply for loans there.
He said, “NIRSAL Plc to understand its the vision of changing the economy and to convey comprehensive development which will emphatically influence on the existences of Nigerians, have been supporting all sizes of organizations, whether little, medium or enormous across the length and broadness of the nation and we desire to support individuals.
READ: If you run a small business, apply for this business loan of $50,000 to $5,000,000. “Since 2017,
we have been able to provide loans to 4,630 farmers in the state of Nasarawa.” We reserved N500 million for the undertaking thus large numbers of the ranchers profited from across the 13 Nearby Government Region of the state.
We want other farmers who are struggling financially to approach us for loans. Our objectives are to boost the Nigerian economy and guarantee food security.
We do not lend to individuals; rather, we lend to cooperatives. In this way, ranchers who are intrigued would need to shape a helpful prior to moving toward us for credits.”
However, Onerno Obaseki, the Assistant Manager of the Agricultural Value Chain, Production, and Integration Services, criticized the attitude of some farmers who received loans but failed to repay them on time.
₦85,000 to ₦550,000 FG Tradermoni Loan Begins Apply Now
She stated that such an attitude could prevent the agency from providing loans to additional state farmers who genuinely required the funds to enhance their farming operations.
