Finance

NIRSAL trains 700,000 farmers, banks desk officers on improved agricultural practice

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc, said it has trained over 700,000 farmers, including 2,600 mid-management and agriculture desk officers of commercial banks in Good Agricultural Practice (GAP) since inception.

It added that training and mentorship for an additional 780 farmers and other agricultural value chain actors across the country had also been completed as part as NIRSAL’s ongoing efforts to improve the capacity and productivity and Nigerian farmers.

The series of training sessions under the NIRSAL Strategic Business Support Services (SBSS) are part of the institution’s technical assistance pillar aimed at building the capacity of value chain actors for improved production, handling, processing and marketing of agricultural commodities.

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In a statement, it explained that the programmes held in the six geo-political zones are a continuation of efforts targeted at achieving a key component of NIRSAL mandate to de-risking the agricultural value chain in order to encourage more investment in agribusiness by the financial sector.

During the NIRSAL SBSS sessions, farmers and input suppliers, processors, transporters, exporters, and traders of agricultural products were trained on modern, business-oriented pre-upstream, upstream, midstream and downstream operations with a view to achieving the micro and macroeconomic effects of farmer income enhancement and Gross Domestic Product (GDP) increase.

The capacity building sessions focused on 10 Commodities of Interest (COI) that have ecological and economic advantages in each region incl rice, ginger, maize, fresh fruit and vegetables (FFV), cassava, beans, aquaculture, oil palm, livestock and cotton.

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Essentially, SBSS programme identified farmers and value chain actors most in need of training, assessed value chain gaps, designed intervention approaches and implemented same; the main approach being a four-week long mentorship program comprising in-class and field sessions, the statement added.

Furthermore, the choice of the selected commodities was informed by the NIRSAL Agricultural Commodity Ecological Area (ACEA) map which it developed and obtained validation for from relevant research institutes.

The agriculture risk institution said ACEA-compliant agricultural investments hold the highest chances for success in terms of production and sale.

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Accordingly, in the North-Central, the Benue State SBSS focused on rice, ginger and maize, which are NIRSAL COIs that possess the highest factor productivity in the state.
In the Federal Capital Territory (FCT), the SBSS trained operators in the FFV Value Chain based on the FCT’s urban consumer market.

The training sessions took place in Kuje, Nyanya, Mararaba, Apo, Lugbe, the Municipal, Gwagwalada, Dei-Dei, and Abaji.

In the South-South, the Rivers State SBSS focused on FFVs as well, in addition to aquaculture while the South-East, focused on the rice and cassava value chains. Rice, a commodity produced in every Nigerian state, was also under focus in the Rivers.

Thisday

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