Agriculture: NIRSAL Secures N3.5bn Loan For 3,750 Farmers To Boost Maize, Soybean Production - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
June 12, 2019
The NigeriaIncentive-Based Risk Sharing System for Agricultural Lending, NIRSAL hassecured a 3.5 billion naira loan commitment to boost maize and soybeanproduction in the 2019 wet season.
The Managing Director,NIRSAL, Aliyu Abdulhameed, disclosed this at the end of a two-day PreliminaryTechnical Session Round-table Engagement with stakeholders for the Mapping forMarkets M2M project in Abuja.
Abdul-hameed statedthat the loan would be disbursed to 3,750 farmers in three pilot states underthe M2M project.
The M2M project is aninitiative of NIRSAL to support maize and soybean farmers with fertilisers andseeds in Benue, Niger and Ekiti states.
According toAbdul-hameed, NIRSAL will be using these three states as its pilot scheme byproviding the necessary support to smallholders maize and soybean farmers withquality inputs to increase their yields.
On his part, thePresident, Seed Entrepreneurs Association of Nigeria SEEDAN Richard Olafare,said that 65 million naira worth of seed to be committed to this project was agood one.