NIRSAL disburses N500m loan to 4,630 farmers in Nasarawa –

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has provided a N500 million loan to 4,630 farmers in Nasarawa State from 2017 to date.

Noel Dilli, its Chief, Project Monitoring and Remediation Office, Nasarawa State, said so during a stakeholder meeting.

Dilli, who spoke in Lafia on Thursday, said farmers had received loans to help them produce different agricultural products, harvest and process the products for added value.

Dilli explained that 3,000 farmers got the loan in 2017/2018, 500 in 2018/2019, while in 2020, 1,130 farmers got the loan.

He said nothing happened in 2019 as a result of the coronavirus pandemic which ravaged the whole world.

Dilli lamented that despite laudable efforts to help farmers boost production, more than 80% of state recipients had yet to repay their loans.

He said: “Lack of loan repayments has set the scheme back, affecting the chances of more farmers benefiting from the facility.

“So we put mechanisms in place to recover loans that were due to be repaid within six months.”

He called on the farmers to always repay any loan they collected for the overall development of the country.

For his part, Onerno Obaseki, Deputy Director of Agricultural Value Chain Production and Integration Services of NIRSAL PLC, commended the stakeholders for their participation and helpful suggestions during the meeting.

Obaseki urged farmers to adopt the NIRSAL approach to farming as a business to move from peasant farming to sustainable agribusiness.

She assured the farmers that if they took the farming approach, it would help ensure food security in the country.

Responding on behalf of the beneficiaries, Musa Mohammed, representing the Rice Millers Association of Nigeria, commended NIRSAL for its intervention in the agricultural sector.

Mohammed added that the intervention has improved productivity both in agriculture and in the processing of harvested products, while calling for more investment in the sector to enable the country to become self-sufficient in food production.

The News Agency of Nigeria reports that the meeting brought together farmers from all 13 local government areas in the state, processors and media, among others.

Comments are closed.