NIRSAL

We were pleased to visit the National Agricultural Development Fund (NADF) for discussions focused on scaling sustainable agricultural mechanization financing across Nigeria.

With Nigeria’s tractor density still far below FAO benchmarks, the drivers of sub-optimal agricultural productivity are not difficult to identify. Expanding access to mechanization therefore remains critical to improving efficiency and strengthening food production at scale.

Central to NIRSAL’s evolving engagement with NADF is a shared commitment to developing a well-governed vendor financing framework, supported by on-lending collaborators, aimed at deploying credit at an all-in rate of 17.5%. NADF’s tractor operator training programme will help ensure a steady pipeline of certified operators to sustain this intervention.

The collaboration will also explore the development of small equipment financing products tailored to clustered farmers, enabling mechanization hubs to provide a broader range of equipment and services across production clusters.

Dedicated working groups from both institutions are currently finalizing documentation ahead of an MoU signing in the coming weeks, which will formally signal the commencement of key partnership activities.

The 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗮𝗻𝗱 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗔𝗰𝘁 (𝗜𝗦𝗔) 𝟮𝟬𝟮𝟱 represents an important policy milestone for agricultural financing in Nigeria. In this article, we explore why the Act matters, particularly for commodity exchanges and warehouse receipt systems, and how, with a study visit to the 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻 𝗖𝗼𝗺𝗺𝗼𝗱𝗶𝘁𝘆 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 (𝗘𝗖𝗫), NIRSAL is engaging stakeholders to support its practical operationalization in ways that can strengthen market systems and unlock greater financing for agriculture.

https://nirsal.com/nirsals-advocacy-for-efficient-agricultural-market-systems-in-nigeria/

NIRSAL’s Advocacy for Efficient Agricultural Market Systems in Nigeria - NIRSAL Plc NIRSAL’s ECX study highlights how warehouse receipt systems can improve agricultural finance, market transparency, and food security in Nigeria.

Wishing you a Joyful Easter celebration

From all of us at NIRSAL