Apr. 16, 2018
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending PLC (NIRSAL), a subsidiary of Central Bank of Nigeria ( CBN) has signed a Memorandum of Understanding ( MoU) with Syngenta Agrochemical Company to deepen access to technology for Nigeria’s small holder farmers. Speaking in Abuja at the signing ceremony, NIRSAL Managing Director/ CEO, Mr. Aliyu Abdulhameed noted the significance of the MoU, saying it will engender increased production, particularly for smallholder farmers in Nigeria, by linking them to quality inputs, access to modern technology, packages of practice and trainings on the best agronomical practices to achieve optimal yields.
“Today’s event is a significant step and part of our strategy as a risk management company working with key value chain players to develop and ensure the adoption of sustainable productivity enhancing technology and practices for smallholder farmers,” he said. “It marks the start of a strategic partnership between NIRSAL and Syngenta Agrochemical Company – a renowned global brand involved in the development and production of seeds and crop protection products.”
He said one of the key challenges confronting Nigeria as a nation, was how to ensure food security, feed a rising population and ensuring sustainable income for its smallholder farmers who constitute the largest portion of our farming populace. “As such, this partnership is a critical component of NIRSAL’s value chain fixing mandate as this would ensure the availability and use of quality inputs and the transfer of the knowledge requisite for enhanced crop production successes.
“Our approach in NIRSAL is to look at agriculture from an end-to-end value chain perspective i.e. from primary production activities (land clearing, Input supply, mechanization services, irrigation, harvesting etc.); to storage; processing (using conventional/alternative energy sources) and an eventual linkage to markets (consumer, industrial and exports) and thus tailor our initiatives and interventions as such.