NIRSAL facilitates N70 billion commercial credit for Nigerian Agrobusinesses

‎The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has facilitated over N70 billion in commercial financing for agribusinesses by the third quarter of 2025, its strongest annual performance since inception.
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‎NIRSAL, established in 2013 to transform Nigeria’s agriculture sector by unlocking affordable finance, on Wednesday, mentioned notable turnarounds in agricultural lending.
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‎The organisation partners with the Central Bank of Nigeria, Federal Ministry of Agriculture and Food Security, and the Bankers’ Committee to stimulate speedy growth in the agriculture sector.
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‎This came as a result of the declines in bank lending in the agriculture sector, which fell from 6.18 per cent in 2022 to 4.82 per cent in 2024, paralleled by a slowdown in sector growth.
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‎NIRSAL’s intervention has reversed the trend, with agricultural lending rising to 5.33 per cent as of May 2025. Notably, over 32 per cent of the facilitated funds have supported value-added commodity exports.
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