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By AgroNigeria -August 6, 2018
NIRSAL CEOThe Nigeria Incentive-Based Risk Sharing for Agricultural Lending (NIRSAL), under the Central Bank of Nigeria (CBN) Anchor Borrowers Programme, has reiterated its commitment to ensuring immediate payment of agricultural loans to farmers.
According to a statement by NIRSAL, farmers who complied with the stipulated conditions would receive their loans within five days of receipt of loan term sheets from the CBN.
It states that the CBN through the NIRSAL chapter of the Anchor Borrowers’ Programme is set to create over 250,000 direct jobs for farmers and over one million indirect jobs.
“This is in line with NIRSAL’s policy stance to always expedite the funds access process of all applicants who have met conditions precedent to draw down.” the statement reads
The statement stresses that “NIRSAL observes the highest ethical and professional standards and restates that all funds from the CBN are disbursed directly into farmers’ accounts and farmers can access such funds once draw down conditions have been met.”
It further discloses that the organization had launched the Area Yield Index Insurance and Project Monitoring and Remediation Offices (PMROs) nationwide to provide farmers with insurance and work with farmers to ensure productivity.
NIRSAL therefore, expressed enthusiasm that speedy disbursement of loans would ensure timely repayment which is a major aspect of the organization’s directive.
https://agronigeria.com.ng/nirsal-to-ensure-timely-payment-of-agric-loans-to-farmers/

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Messages to Farmers

  • Apply fertilizer wisely to avoid wastage
  • Attend trainings on fertilizer use and application
  • Obtain quality fertilizers from reputable suppliers especially FEPSAN distributors
  • Store unused fertilizer away from children, fire, rain and entry of foreign material.
  • Form groups/associations to benefit from group/association dynamics.
  • Allow your crops to fully mature to get quality and values
  • Report fertilizer adulteration to the appropriate authority

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To provide a platform for the stakeholders in the public and private sectors of the fertilizer industry to develop effective public private partnerships in order to ensure timely supply of adequate quantity and quality fertilizers; and to promote professional, moral and ethical practices in the industry.

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Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizers....Attain improved productivity and environmental sustainability of Nigerian Agriculture through balanced and judicious use of fertilizer...................................................................................................................................................................................................................................................................................................................................................................................................................................................................

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2nd Floor Bank of Industry Building 
18 Muhammad Buhari Way, Kaduna, Nigeria. 
Mobile: +234 (803) 3174409...................sssss