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Nigerian Incentive-Based Risk Sharing System for Agricultural Lending
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.
The Fishery Society of Nigeria (FISON) says that the value of the country agricultural sector is estimated to reach about 256 million dollars (over N91 trillion) by 2050.
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) says it has distributed over N2.9 billion across 13,900 hectares of rice farms comprising 40 projects in Nigeria.
This is even as the AfDB has pledged to invest $120 million over the next three years to boost productivity and transform nine commodities which include cassava, rice, maize, sorghum/ millet, wheat, livestock, aquaculture, high iron beans and orange-fleshed sweet potatoes in Africa.
Members of the Zero Hunger Commodity Farmers’ Association of Nigeria have identified late distribution of inputs to beneficiaries as a major challenge to the Nigerian government’s Anchor Borrowers Programme.
The Nigerian Incentive-based Risk Sharing System for Agricultural lending (NIRSAL) has mapped out modalities to train Agriculture Desk Officers of commercial banks and other key stakeholders in Value Chain Finance so as to guarantee food sufficiency in Nigeria.
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL has launched an agricultural machine repair and management scheme for sub-national governments.
The Federal Executive Council on Wednesday approved the renaming of the Federal Ministry of Communications as Federal Ministry of Communications and Digital Economy.
The Minister of Youth and Sports Development, Sunday Dare, Wednesday approved funds to repay IAAF, for the excess fund the World Athletics body mistakenly transferred to Nigeria.
The China Civil Engineering and Construction Company, contractors handling the ongoing Lagos-Ibadan standard gauge rail line, says it has made appreciable progress in Lagos section in spite of impediments.
This followed confessional statement of seven Eiye confraternity members who were recently charged to court after men of the Special Anti Robbery Squad, Iju base rounded them up.
Canadian Prime Minister Justin Trudeau on Wednesday ruled out forming a coalition government despite an election victory that left his Liberals short of a majority.
Justice I. Sani of the Federal High Court sitting in Port Harcourt, Rivers State, has convicted and jailed one Michael Adamu for two years for dealing in petroleum products without an appropriate licence.
US Democratic presidential candidate Tulsi Gabbard has fired back at Hillary Clinton after the former secretary of state appeared to call her "the favourite of the Russians" in the 2020 elections race.
Bukayo Saka can’t wait for the return of Alexandre Lacazette, but has vowed to fight the France international for his place in the Arsenal team.
Japanese Prime Minister Shinzo Abe on Thursday travelled to areas in north-eastern Japan, devastated by a recent deadly typhoon.
The All Progressives Congress (APC) Youth Leaders across the 21 Local Government Area Councils in Kogi have signed a peace pact as the governorship election in the state draws close.