NIRSAL launches $500m initiative for farmers

The Central Bank of Nigeria (CBN) recently appointed the executive management of Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) to drive its sustainable financing of agricultural value chains in Nigeria. 
NIRSAL, an initiative of the Central Bank of Nigeria (CBN), the Bankers Committee and the Federal Ministry of Agriculture & Rural Development, supports commercial financing of end to end agricultural value chains through a project management approach that emphasizes value for money, leverage, commercial viability and self sustainability.