About Us

By agronigeria

January 3, 2017

CBNThe Central Bank of Nigeria (CBN) has approved the disbursement of about N75 billion as loan to farmers in the 36 states and the Federal Capital Territory (FCT) under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending (NIRSAL).
The loan guarantee scheme is a public-private sector initiative set up to transform the country’s agricultural sector. The scheme was instigated by the Apex Bank, the Bankers’ Committee and the Federal Ministry of Agriculture and Rural Development, to guarantee 75 per cent loans provided by Deposit Money Banks (DPB) to farmers.
Speaking on the role of NIRSAL, The Head of the Project Implementation Office under the Development Finance Department of the CBN, Jude Uzonwanne, expressed that the guarantee would be issued to farmers through commercial banks and other financial institutions.
“NIRSAL is a flexible financing tool designed to change the behaviour of financial institutions. It covers all crops and livestock activities in Nigeria, while driving improved investment outcomes and job creation. It is also building on a legacy of previous CBN interventions in agriculture that has helped create thousands of jobs,” he stated.
Uzonwanne furthered that the programme was designed to create access to finance to farmers by integrating end-to-end agriculture value chains, such as input producers, farmers, agro dealers, agro processors and industrial manufacturers with agricultural financing value chains – loan product development, credit distribution, loan origination, managing and pricing for risk, and loan disbursement
“The integration is driven by NIRSAL’s 5 pillars, particularly the Risk Sharing Pillar and the Technical Assistance pillars, such as Risk sharing Facility, allocated N45 billion, Insurance Facility (N4.5 billion), Technical assistance facility (N9 billion), Agricultural bank rating scheme (N1.5 billion), and Bank incentive mechanism (N15 billion)”, he esplained
Uzonwanne also added that NIRSAL would mobilize financing for Nigerian agribusiness using credit guarantees to address the risk of default.
Meanwhile, the Director of Treasury in the FCT Administration, Ibrahim Bomai, emphasized the role NIRSAL as being instrumental to the success of the Federal Government’s Agricultural Transformational Agenda) as it was established to address the grey areas inhibiting agricultural growth in the country.
According to Bomai “NIRSAL seeks to address all the technical, administrative and financial needs of the farmers along the selected agricultural value chain commodities in which the country has comparative advantage”.
http://agronigeria.com.ng/cbn-approves-n75-billion-loan-farmers-nirsal/

Messages to Farmers

  • Obtain quality fertilizers from reputable suppliers especially FEPSAN members
  • Store unused fertilizer away from children, fire, rain and entry of foreign material.
  • Form groups/associations to benefit from group/association dynamics
  • Allow your crops to fully mature to get quality and value
  • Report adulterated fertilizer to the appropriate authority

Upcoming Events

  • International Training Organized by IFDC & IFA, Date: October 2 – 6 2017, Venue: Marrakesh, Morocco. Read more
  • International Conference Organized by I-conference / OCP, Date: October 18 – 19 2017, Venue: Abidjan, Côte d’Ivoire. Read more
  • 3rd AFAAS Africa-Wide Agricultural Extension Week 2017, Date: 30 October to 3 November 2017. Venue: Durban, KwaZulu Natal, South Africa.  Read more
  • IFDC’s 2-week USA Training & Study Tour, Dates: August 21 – September 1, 2017, Venue: USA (Alabama, Arkansas, Illinois, Missouri, Tennessee and Washington, D.C.)  Read more
  • AGRIKEXPO & NABG Conference 2017, Date: September 25-27, 2017. Venue: International Conference Centre, Abuja, Nigeria,.Read more
  • 31st Annual Argus FMB Europe Fertilizer conference, Date: 18 – 20 October 2017, Venue: W Hotel in Barcelona. Read more.
  • Urban Agri Summit 2017, Date: 7th - 8th September, 2017, Venue: Johannesburg, South Africa. Read more
  • IFDC International Training Program, Date: November 6-10, 2017, Venue: Arusha, Tanzania. Read more
  • 5th Addis Agrofood Agriculture, Agricultural Machineries, Food, Food Technologies and Packaging Exhibition, Date: 08-11 December 2017, Venue: Addis Ababa, Ethiopia. Read more

Fepsan Members

  


      
         

 

    


     
                                                   

Mission

To provide a platform for the stakeholders in the public and private sectors of the fertilizer industry to develop effective public private partnerships in order to ensure timely supply of adequate quantity and quality fertilizers; and to promote professional, moral and ethical practices in the industry.

Vision

Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizers....Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizer...................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Contact

2nd Floor Bank of Industry Building
18 Muhammad Buhari Way, Kaduna, Nigeria.
Mobile: +234 (803) 3174409
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2nd Floor Bank of Industry Building 
18 Muhammad Buhari Way, Kaduna, Nigeria. 
Mobile: +234 (803) 3174409...................sssss