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By agronigeria, November 10, 2017
tractorsThe Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has signed an agricultural mechanisation management contract with the National Agency for Science and Engineering Infrastructure (NASENI) and the Machine and Equipment Consortium Africa (MECA) to repair 10,000 grounded tractors across the country.
Managing Director of NIRSAL, Aliyu Abdulhameed, who confirmed this at a Stakeholders’ Concept Forum in Abuja, said 11 workshops have been built nationwide to implement the repair contract, which would elevate Nigeria’s agricultural sector to the 21st Century, and mechanise the country’s agricultural value chain.
“For an average price of (let’s say) N12 million naira (the cost of a tractor), that will amount to about N120 billion worth of equipment that needs to be serviced. The deal would rake in N1.2 trillion into the Nigerian economy in 10 years,” he said.
Abdulhameed also affirmed that repairs guided by the contract would create more than 35,000 jobs for technicians, mechanics, drivers, and others. He said a team from NIRSAL, NASENI and MECA will soon carry out a census of the tractors needing repairs.
The NIRSAL boss expressed his dissatisfaction with the poor maintenance culture of farmers. He said the trend where tractors are abandoned after months of use has led to the high number of unserviceable ones and other mechanised farm equipment in the country.
According to the contract, NIRSAL will provide 75 per cent credit guarantee while banks would release N1.5 million for the repair of each tractor to enable NASENI and MECA repair 10,000 grounded tractors in various parts of Nigeria every year for the next 10 years.
NASENI would also be providing technical support for the project, which is to cover the 36 states of the federation and Abuja.
https://agronigeria.com.ng/nirsal-signs-contract-repair-10000-grounded-tractors/

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Mobile: +234 (803) 3174409...................sssss