NIRSAL AS THE GAME-
          CHANGER
         THE LONG ESTABLISHED AGRIC FINANCING 
                               CHALLENGES 
       Low budgetary          Less than 2% of total banks         Inadequate 
   allocation to agriculture   lending goes to agriculture         funding of 
        (2-4% of total        (prior to 2014) when NIRSAL        research and 
    budgetary allocation)        guaranteed some loans           development
    Huge amount of          Policy summersaults         Low productivity due to 
     dead capital in          truncating good             non-deployment of 
   unregistered land     agricultural interventions     appropriate technology 
                                                         along the value chain
    Unstructured and           Lack of good 
   broken value chains
                               and effective                  Lack of 
       Scrapping of                storage                  adequate 
        commodity                 facilities           insurance cover
     marketing board
        NIRSAL  AS THE GAME-CHANGER 
       The Nigeria Incentive-
       Based Risk Sharing                                        Designed with the 
       system for Agricultural      Wholly owned By the          objective of enabling 
       Lending (NIRSAL Plc.)          Central Bank of            the flow of affordable 
       was incorporated in                  Nigeria              financing to all players 
       2013 as a USD 500                                         along entire agricultural 
       Million public-private                                    value chains
       initiative
                                                                    Federal Ministry of 
           The Central Bank                 Bankers                  Agriculture and 
               of Nigeria                 Committee                       Rural 
                                                                      Development
    NIRSAL: A Game Changer
  NIRSAL AS THE GAME-CHANGER (cont’d)
      Our  focus  is  to  raise  formal  lending  to  agriculture  to  about  10%  by  2026 
      through:
                       Technical Support to key                   Credit guarantees on loans 
                       actors along the                           made to agribusiness 
                       agricultural value chain                   investors, farmers, companies 
                                                                  and other related actors
                       Strategic interventions                    Investment support and 
                       and advice to                              advisory to value chain 
                       governments on                             actors
                       agricultural matters
   NIRSAL AS THE GAME-CHANGER (cont’d)
 NIRSAL Core Objectives