Thursday, February 23, 2017
NIRSAL to launch $300m agribusiness loan project for young farmers.
Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL), an arm of the Central bank of Nigeria (CBN) has announced plans to launch a $300 million agribusiness loan project for young farmers across the country. According to the Executive Director of NIRSAL, Babajide Arowosafe, the project known as ‘Youth Enable’ is to be financed by the African Development Bank (AfDB) and would begin within the next few weeks with the aim of creating a successive farmers generation to replace the ageing ones. continue