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NIRSAL boosts cocoa supply chains in Lagos with N1.15bn


• 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 Plc is also providing efficient monitoring of the project, which is aimed at boosting ADT Russet’s export volume to 4,000MT yearly. ....

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MD of NIRSAL Abdulhameed named Best Global CEO


CEO Today Magazine identifies and honours the most respected companies and their C-Level executives who lead the way for others on a global stage.
Some of the NIRSAL achievements that enhanced CEO Today’s reckoning of the institution and its CEO, Abdulhameed, is the facilitation of over $550 million to various actors across agricultural value chains for mechanisation activities, input distribution, and the production, processing, trading and marketing of agricultural commodities.
Commercial banks have pledged to provide an additional $500m to fund agriculture in the short to medium-term, NIRSAL Credit Risk Guarantee (CRG) and its structured agro-based geo-cooperatives are sustained.
Last year, there was remarkable growth in the rate of bank lending to agriculture rising from 1.4 per cent pre-NIRSAL to 4.8 per cent as of Q3 2020. ....

United States , Michael Lampel , Sara Spencer , Aliyu Abdulhameed , Kan Shi , Ruain Kelleher , Cue Group , Nigeria Incentive Based Risk Sharing System , Agricultural Lending , Best Global , Risk Guarantee , Michael Lampel Consulting , ஒன்றுபட்டது மாநிலங்களில் , சாரா ஸ்பென்சர் , கோல் குழு , நைஜீரியா ஊக்கத்தொகை அடிப்படையிலானது ஆபத்து பகிர்வு அமைப்பு , சிறந்தது உலகளாவிய , ஆபத்து உத்தரவாதம் ,