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NIRSAL provides N1.15bn facility to boost firm’s cocoa export The Punch Published 5 July 2021 The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has provided ADT Russet Limited, a cocoa bean sourcing and exporting company, with 50 per cent credit risk guarantee on a working capital facility of N1.15bn. The company said during a tour of its factory in Apapa, Lagos State that the facility would help Nigeria benefit from the over $67bn global cocoa market. It said apart from the absorption of a substantial part of its risk exposure in the event of loan del...

• ADT Russet Ltd to export 4,000MT yearly As the world global cocoa market value hits $67 billion, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has activated its resources to maximise Nigeria’s participation in the raw material supply chains.   Hence, NIRSAL has provided 50 per cent Credit Risk Guarantee (CRG) on a working capital facility of N1.15 billion to ADT Russet Limited, a cocoa bean-sourcing and exporting company in Lagos State.   Besides the absorption of a substantial part of its risk exposure in the event of loan delinquency, NIRSAL P...