ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home National

NIRSAL, W’Bank partner to enhance agric yield

….Targets 360,000 beneficiaries

23rd June 2019
in National
0
NIRSAL, W’Bank partner to enhance agric yield
0
SHARES
121
VIEWS
Share on FacebookShare on Twitter

 Uche Usim, Abuja

 

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has signed a Memorandum of Agreement and Action (MoA) with The Agro-Processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) – a US$200million World Bank funded Project – for the development, financing, and support of de-risked and optimized agribusiness projects.

In line with the project development objective of APPEALS, NIRSAL will layer its Tools, Techniques, Methodologies and strategic Partnerships (TTMPs) according to its Mapping to Markets (M2M) strategy on the project, with the shared aim of enhancing agricultural productivity of small and medium scale farmers and improvement of value addition along the cassava, cashew, rice, poultry, aquaculture, cocoa, wheat, tomato, maize, ginger and dairy value chains in a sustainable manner.

The project, which is to be deployed in Cross River, Enugu, Lagos, Kogi, Kaduna, and Kano States, targets 60,000 beneficiaries, and 360,000 farm household members as indirect beneficiaries. It is anticipated that 35% of direct beneficiaries (or 21,000 individuals) will be women. Additionally, the project has a dedicated sub-component to benefit women and youth that will allow them develop agri-businesses that are expected to create jobs and improve their livelihoods.

Speaking at the signing ceremony, Managing Director/CEO of NIRSAL Plc, Mr. Aliyu Abdulhameed, assured APPEALS that, in NIRSAL, they have found a trustworthy, reliable, and capable partner that shares the Project’s Development Objective of enhancing the agricultural productivity of small and medium scale farmers and improving value addition along priority value chains in participating States.

Providing more insight on the proposed areas of collaboration, Abdulhameed stated that NIRSAL will “deploy its technologies towards the formation of Agro-Geo-Cooperatives for selected commodity value chains through geospatial mapping, soil suitability tests, BVN enrolment for farmers in addition to the creation of Virtual Asset Titles (VAsT), establishment of field governance structures, and training of farmers on good agronomic practices, team dynamics and social engineering.”

NIRSAL will also link producers to relevant consumer, industrial and export markets through value chain roundtables, business deal facilitation meetings, and legally binding trade documentation. Abdulhameed added that NIRSAL will work with the State teams to structure agribusiness projects patterned after agreed sustainable models for APPEALS’ financing while deploying NIRSAL’s partnerships and models for Technology demonstration and adoption.

To protect primary producers under the project from losses due to pest, diseases, adverse weather conditions and general drops in expected yields, NIRSAL will deploy its Area Yield Index Insurance product.

Furthermore, Abdulhameed pointed out that, to ensure business sustainability, NIRSAL will extend its technical advice to the APPEALS Project with a view to instilling business discipline, adoption of a mandatory savings culture and reinvestment of profits for sustainability and expansion in the beneficiaries.

The National Project Coordinator of the APPEALS Project and Director of Agriculture, Federal Ministry of Agriculture and Rural Development (FMARD), Dr Amin Babandi, also speaking at the ceremony, expressed his excitement at what he described as a “turning point” in the project’s life cycle.

He said: “Through this agreement, I am confident that APPEALS will achieve its set targets of impacting at least 60,000 and 360,000 direct and indirect beneficiaries respectively.” This, he noted, would bring about the livelihood improvement that APPEALS was created for.

On his part, the World Bank Task Team Leader of the APPEALS Project, Dr. Sheu Salau, thanked NIRSAL for supporting the project with its technological know-how, expertise, and depth of knowledge in agribusiness.

He further noted that, to achieve its objective of enhancing agricultural productivity and improving value addition, APPEALS would focus on production and productivity enhancement; primary processing, value addition, post-harvest management and women and youth empowerment; infrastructure support to agri-business clusters; technical assistance, knowledge management and communication; and project management and coordination.

APPEALS is being coordinated by the Federal Ministry of Agriculture and Rural Development and implemented by a National Coordination Office and six State Coordination Offices.

In carrying out activities geared towards fixing broken agricultural value chains according to its mandate, NIRSAL continues to establish strategic partnerships. The MoA signing with APPEALS is one of such collaborations.

NIRSAL recently signed an agreement with FADAMA III-AF – another World Bank project – for the management of its Agricultural Infrastructure through the NIRSAL/MECA (Machines and Equipment Corporation Africa) joint mechanization program – the NIRSAL Comprehensive Agricultural Mechanization Program (NCAMP).

Tags: Methodologies and strategic PartnershipsNIRSALTechniquesToolsW'Bank
Cyril

Cyril

Related Posts

Pope names Archbishop Kaigama as Onaiyekan’s successor
National

Youths mobilising to vote beyond tribe, religion –Cleric

27th June 2022
FG to ASUU: We can’t  afford N110bn for revitalisation of universities
National

Strike-ASUU, other unions not invited to last Thursday’s meeting –Labour Ministry

27th June 2022
Ondo Assembly resumes plenary, plans to continue dep gov’s impeachment
National

Our roads, forests not safe from criminals –Ondo monarch

27th June 2022
Next Post
Soldiers arrest suspected kidnapper with Army uniform in Ondo

Soldiers kill 2 terrorists in Borno

POLICE

Police arrest UBER taxi robbers for attempted murder, recover arms

RUSSIA

Russia seeks closer ties with Africa to create greater economic growth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Blues for the disenchanted

Youths mobilising to vote beyond tribe, religion –Cleric

Dissecting the many hazards of dollarising Nigerian economy

Obi Cubana unveiled as New Face of Global Power Bank

FG presents licences to marginal field investors Tuesday

CVFF: $350m Cabotage vessel fund intact, not misappropriated –Saraki

Trending

We inherited  pension problems spanning 20 years  – Ejikeme, CEO, PTAD
Business

We inherited pension problems spanning 20 years – Ejikeme, CEO, PTAD

27th June 2022
0

From Uche Usim, Abuja Dr. Chioma Nnenna Ejikeme, the executive secretary and chief executive officer of the...

Bayelsa judgment: APC, PDP trade blames

PDP, APC bicker over corruption allegations in Plateau

27th June 2022
Tinubu eulogises Carrington

Northern govs stall selection of Tinubu’s running mate 

27th June 2022
South East’s presidential nightmare

Blues for the disenchanted

27th June 2022
Pope names Archbishop Kaigama as Onaiyekan’s successor

Youths mobilising to vote beyond tribe, religion –Cleric

27th June 2022
ADVERTISEMENT

Follow us on social media:

Latest News

  • We inherited pension problems spanning 20 years – Ejikeme, CEO, PTAD
  • PDP, APC bicker over corruption allegations in Plateau
  • Northern govs stall selection of Tinubu’s running mate 
  • Blues for the disenchanted
  • Youths mobilising to vote beyond tribe, religion –Cleric
  • Dissecting the many hazards of dollarising Nigerian economy
  • Obi Cubana unveiled as New Face of Global Power Bank
  • FG presents licences to marginal field investors Tuesday
  • CVFF: $350m Cabotage vessel fund intact, not misappropriated –Saraki
  • 2023: Supremacy battle threatens Obi, Kwankwaso alliance
  • Strike-ASUU, other unions not invited to last Thursday’s meeting –Labour Ministry
  • Our roads, forests not safe from criminals –Ondo monarch
  • Kidnappers demand N200m to free my priest, reverend sister –Kukah
  • Anger as abductors kill Rev. Father, 2 others in Edo
  • Why Kanu fled Nigeria –IPOB
  • Bloodbath in cathedral
  • Oyetola welcomes 10,000 PDP members into APC
  • To gain advantage: How low can you descend?
  • Supreme Court’s naked dance
  • Insecurity: Makinde okays recruitment of additional 500 Amotekun corps

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....