agricultural evolution news

Why Farmers Cannot Access Loans to Boost Agriculture – NIRSAL Boss

Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), says in spite of agriculture loan opportunities, lack of structure along the value chain has remained a major challenge to farmers needing finance. Aliyu Abdulhameed, the Managing Director of NIRSAL made this made known at end of the 2019 Agriculture Summit Africa, organised by Sterling Bank […]

agricultural evolution news

Soybean Appreciates in June Trading, Overtops Others Till-Date

One of the most cultivated leguminous vegetable in Nigeria, Soybean attracted the most gain in agricultural commodities trading on AFEX exchange during June and continued to outstrip paddy rice, cocoa, sorghum, ginger and maize season-till-date. The crop gained 3.4 percent week-on-week, moving from an average of 151 points during the first week to 156.50 between […]

agricultural evolution news

FNS2019: NIRSAL Advocates Smart Agric Financing Using the M2M Model

Given the enormous potentials embedded in the agricultural sector and the need to create opportunities beyond an oil-dependent economy where agriculture stands out, the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has proposed a smart agricultural value chain financing system based on its Mapping-to-Markets (M2M) strategy. On NIRSAL’s part, it is determined in its […]

agricultural evolution news

AATF Regional Head Clarifies on GMO Consumption

The Regional Head of the African Agricultural Technology Foundation (AATF), Dr. Issoufou Abdourhamane, has assured the general public on the safety of Genetically Modified Organisms (GMOs) foods. Dr. Abdourhamane said that there is no evidence anywhere in the world that GMO foods are harmful or poisonous. He said billions of people across the globe had […]

agricultural evolution news

AfDB Partners Chinese Investors to Support Nigeria’s Agric Sector With $25B

In line with its rollout of the Special Agro-industrial Processing Zones (SAPZs) initiative across the country, the African Development Bank (AfDB) is set to support Nigeria’s agricultural sector with $25B. The AfDB SAPZs initiative is designed to concentrate agro-processing activities within areas of high agricultural potential in order to increase productivity and competitiveness. This initiative […]

agricultural evolution news

NIRSAL Secures Extra N14.5bn From Banks to Agric Sector

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has facilitated extra funding of N14.5billion from banks to the agricultural sector. According to a statement released by the agency in Abuja, the amount was mobilised from banks after extensive presentations on NIRSAL’s agribusiness models, financing frameworks, and methodologies. The presentation was made to officials […]

agricultural evolution news

NIRSAL, First Bank to Partner on Improved Agricultural Lending

The Nigerian Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) had its first meeting with First Bank of Nigeria yesterday, July 17th to improve agricultural lending, deploying the NIRSAL Credit Risk Guarantee(CRG). Piggybacking on the several continental accords were hitherto put in place to intervene in Africa’s agriculture finance situation, the Managing Director of […]

agricultural evolution news

NAFDAC places ban on sniper (100MI) pack size

The National Agency for Food and Drug Administration and Control (NAFDAC) has expressed deep concern over the recent trend in the abuse and misuse of 100ml of Sniper insecticide and other brands of Agricultural formulations of Dichlorvos to commit suicide. Sniper Insecticide alongside other brands of the agricultural formulations of 100 ml pack size of […]