CBN, NIRSAL commended for boosting agric sector through loans, other incentives to farmers


CBN building, Abuja

By Akanji Alowolodu, Bauchi

It has been observed that the tremendous contributions brought to Agricultural development in Nigeria through the various support programs introduced by the country’s apex Bank, the Central Bank of Nigeria (CBN) has made the sector one of the biggest earners after oil. 
The observation was made by the Convener of Northern Youth Consultative initiative (NYCI), Amb Bappare Mohammed while speaking with a cross section of Journalists on Sunday saying that the synergy between the CBN Governor, Godwin Emefiele and MD/CEO NIRSAL, Alh Aliyu Abdulhameed is really turning round the agricultural sector positively. 
Bappare Mohammed also said that No country can move forward to the next stage of development without boosting Agriculture stressing that  both  humans and animals survive with Agriculture produce saying that, “indeed, The CBN has tried a lot through NIRSAL by encouraging and supporting farmers in many ways” .

The NYCI Convener said that NIRSAL was established to catalyse the flow of finance and investment in to fixed agricultural value chains across Nigeria which has assisted Farmers in different aspects of farming both raining and dry season farming as farmers were given loans and provided with farming materials through NIRSAL. 
He added that NIRSAL  has the mandate to provide monitoring and supervision of agricultural projects beside that it conducts continuous project monitoring and evaluation to remediate against possible risks, ensure good agricultural practices are adhered to while inputs are properly utilised.
He said that, “Is a great achievement to the MD/CEO NIRSAL, Aliyu Abdulhameed in carrying out his duties actively and diligently. We appreciate the CBN Governor for Giving tremendous support to NIRSAL. In line with its mandate to achieve food security, NIRSAL  is supporting the production of various crops nationwide”.
NIRSAL according to Bappare Mohammed has recorded considerable success nationwide during the harvest stage of the 2020 wet season farming as it  deployed round-the-clock project monitoring to ensure projected yields are realized, paving the way for loans repayment, additional financing and an improved livelihood.
According to him, In line with its mandate to fix broken agricultural value chains and increase the flow of finance into the sector, NIRSAL is championing advocacy for the operationalization of a Secured Agricultural Commodity Transport & Storage Corridor (SATS-C).
Also, NIRSAL has remains an avenue for youth empowerment and socio-economic development for state governments nationwide as There are many programs and policies designed to help in boosting Agricultural development and farmers in Nigeria through NIRSAL and CBN. 

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