Nigeria: Nirsal Partners Naseni On Agriculture Mechanisation

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc has partnered the National Agency for Science and Engineering Infrastructure (NASENI) on agricultural mechanisation.

The initiative is expected to create 110,000 jobs.

Under the agreement, NIRSAL is engaging NASENI as its technical collaborative partner for the conceptualisation, design, development, deployment, implementation and execution of various schemes/projects under the NIRSAL-NASENI Comprehensive Tractor Recovery Scheme as well as cover the Modular Geo-Cooperative-Based Irrigation System for smallholder farmers and other agricultural value chain-related challenges requiring efficient homegrown scientific and engineering solutions.

The move is in continuation of NIRSAL’s strategy of delivering on its mandate of providing end-to-end solutions aimed at fixing breakages along the Agricultural Value Chains (AVC) in the country.

Managing Director/Chief Executive, NIRSAL, Mr. Aliyu Abdulhameed, who spoke at the launch of the initiative in Abuja, said the deal would support the federal government’s efforts aimed at achieving economic stability and prosperity for Nigerians.

He expressed optimism that the partnership would ensure that there are sustainable fixes to identified challenges facing the agribusiness sector in the country.

The MD stressed that the partnership would go a long way in maximising the agricultural potential of the country, thereby contributing to the achievement of food security, inclusive economic growth, diversification, and employment generation.