The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc.) is a US$500million Non-Bank Financial Institution wholly-owned by the Central Bank of Nigeria (CBN) created to Redefine, Dimension, Measure, Re-Price and Share agribusiness-related credit risks in Nigeria
NIRSAL PLC is calling on all smallholder farmers, farmer leaders, and aggregators to key into its Agro Geo-Cooperative model created for the purpose of sustainable farm/field structuring and governance, to enable sustainable access to finance, quality inputs, and structured markets through NIRSAL’s facilitation.
How To Access NIRSAL Agro Geo-Cooperative Loan 2022
If you are a farmer in Nigeria and you need a Loan to boost or expand your business, then this is your opportunity to apply for the NIRSAL Agro Geo-Cooperative Loan 2022 as we will be walking you through the procedure and eligibility of the Loan.
Aim Of The NIRSAL Agro Geo-Cooperative Loan 2022
The exercise aims at creating 16,000 Agro Geo-Cooperatives (ranging from 10 hectares to 20,001 hectares and above) on 4 million hectares of farmland and enrolling about 8 million farmers across Nigeria who is expected to produce about 12 million metric tonnes of Grain Product Equivalent (GPE) annually over the medium to long term.
1.You must be Nigerian Citizens.
2.You Must be a farmer or interested in farming.
3.You must possess Bank Verification Number (BVN).
4.You must have National Identification Number (NIN).