NIRSAL launches Agro Geo-Coop Model To Finance Nigeria Farmers - LivestockTrend


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Thursday 7 May 2020

NIRSAL launches Agro Geo-Coop Model To Finance Nigeria Farmers

Recently, the Nigerian Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) launched a programme for smallholder farmers, farmer leaders and aggregators to key into its Agro Geo-Cooperative model.

In a statement on their website, this programme is geared towards creating 16,000 Agro Geo-Cooperatives (ranging from 10 hectares to 20,001 hectares and above) on 4 million hectares of farmland. It is also aimed at enrolling about 8 million farmers across Nigeria who are expected to produce about 12 million metric tonnes of Grain Product Equivalent (GPE) annually over the medium to long term.

This facility can be accessed across all state in Nigeria including the FCT. Interested farmers are to obtain further information and guidelines via

It is noteworthy to state that NIRSAL is a non-bank financial institutional bank owned by the Central Bank of Nigeria (CBN) with the aim of attending to agribusiness related  credit risk in the country.  It is premised on five pillars which are: Risk Sharing, Insurance, Technical Assistance, Rating, and Incentive Mechanism.

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