NIRSAL, Firms, Sign Pact To Improve Agriculture

By Ikenga Chronicles April 16, 2018

NIRSAL, Firms, Sign Pact To Improve Agriculture

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending(NIRSAL) has signed a Memorandum of Understanding with Syngenta Agrochemical Company to improve agriculture with the use of technology.

NIRSAL is a risk-sharing system created by the Central Bank of Nigeria(CBN) to ensure the flow of affordable finance and investments into fixed agricultural value chains.

The partnership between NIRSAL and Syngenta will help basic business management; end-to-end agronomy; crop protocols; and safe and effective use of crop protection products.The pact will enable Syngenta to provide smallholder farmers with technological insights on how to increase their yield by between 40 percent and 80 percent.

The Managing Director, NIRSAL, Mr. Aliyu Abdulhameed, who spoke after the agreement in Abuja, said the partnership would engender increased production, particularly for smallholder farmers in the country. He added that farmers would be linked to quality inputs, access to modern technology, packages of practice and trainings on the best agronomical practices to achieve optimal yields.

He said, “Our farmers need simple and reliable ways to maximise their yields. The thrust is to take a holistic approach and create integrated and tailored solutions.

“All these combined with advanced crop protection science, quality seeds delivering higher yields, and agronomic advice based on our deep insights into how smallholder farmers’ work can increase yield by over 40 percent and 80 percent.”

He said some of the key challenges confronting Nigeria as a nation were how to ensure food security, feed a rising population and ensure sustainable income for its smallholder farmers constituting the largest portion of the farming populace.