NIRSAL to fund cassava maize, cotton cultivation in Oyo

October 4th, 2018

The Nigeria Incentive-Based Risk Sharing for Agricultural Lending (NIRSAL), has expressed its readiness to finance 4,846 farmers of cassava, maize and cotton in Oyo state.

According to agronigeria online, this was revealed at a 5-day training organised by NIRSAL tagged “Agriculture Value Chain Upgrade Services for National, Regional and Global Competitiveness “. in Ibadan, Oyo State.

The head of PMRO, NIRSAL, Oyo State, Mr Kenneth Osanebi noted that already some poultry farmers in the state had received some funds to raise 33,000 birds.

Osanebi added that NIRSAL in Oyo had also collaborated with Shina farms in Iseyin for the cultivation of 5000 hectares of maize and soya beans using irrigation.

Earlier, in his opening speech, Development and Finance Officer of the CBN, Mr Bamiji Akinola reaffirmed the apex bank’s commitment to financing agriculture in the country.

Participants at the training were tutored on Agriculture value chain financing in Nigeria, Agriculture products development Advanced credit risk analysis and facilities structuring.

Other areas of training included Credit monitoring and remedial assets management amongst others.

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