The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL)
The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) – a new innovative mechanism targeted at de-risking lending to the agricultural sector, is designed to provide the singular transformational and one bullet solution to break the seeming jinx in Nigeria’s agricultural lending and development.
The Central Bank of Nigeria (CBN) in August 2010, engaged the Alliance for Green Revolution in Africa (AGRA) to develop the NIRSAL.
NIRSAL is an approach that tackles both the agricultural value chains and the agricultural financing valuechain.
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The goal of NIRSAL is to trigger an agricultural industrialization process through increased production and processing of the greater part of what is produced to boost economic earnings across the value chain.