Over 4,600 farmers in Nasarawa obtain NIRSAL loans to increase their productivity

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In a bid to complement farmers’ efforts and ensure food sufficiency, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending says as many as 4,630 farmers in Nasarawa State have received loans from the agency since 2017 when it started operating in the state.

The punch found that NIRSAL, an agency under the Central Bank of Nigeria, was established to create a link between the agricultural value chain and the financial sector to boost the productivity, food security and profitability of agricultural enterprises in Nigeria.

Speaking in Lafia on Thursday at NIRSAL’s 2022 stakeholder engagement, Project Monitoring, Reporting and Remediation Office Chief Noel Dilli said N500 million had been granted in the form of grants. loans to state farmers to improve their productivity.

Dilli said the objectives of the meeting were to have one-on-one with on-the-ground stakeholders across all segments of the agricultural value chain; showcase NIRSAL’s accomplishments throughout their 5 years in the state; present some of the NIRSAL service offerings; demonstrate the agency’s commitment to Nigeria’s stroke repair and its vision for the future.

He urged farmers who were going through financial difficulties to contact the agency for loans, assuring them of the agency’s cooperation at all times.

He said, “In order to achieve its vision of transforming the economy and generating inclusive growth that will positively impact the lives of Nigerians, NIRSAL Plc has supported all sizes of businesses from small, medium or large throughout the length and width. of the country and we hope to do more for the people.

“Since 2017, we have been able to provide loans to 4,630 farmers in Nasarawa State. We have allocated 500 million naira for the project and many farmers have benefited from it in the 13 local government areas of the state.

“We want other farmers who are having financial difficulties to contact us for loans. Our efforts are aimed at ensuring food sufficiency and boosting the Nigerian economy.

“NIRSAL Plc does not lend to individuals but we lend to cooperatives. So interested farmers should form a cooperative before contacting us for loans. »

Deputy Director of Agricultural Value Chain, Production and Integration Services, Onerno Obaseki, however, lamented the attitude of some farmers who received the loans but did not repay them on time.

She said such an attitude could prevent the agency from providing loans to other farmers in the state who really need funds to improve their farming operations.

“It is actually very sad that about 80% of the farmers who have collected our loans have not yet repaid them and this prevents us from giving loans to other farmers who want to access the loans. I therefore urge all farmers who owe NIRSAL to begin repaying the loans so that we can continue to serve residents of the state without any problems,” Obaseki said.

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