NIRSAL partners with NASENI to fix breakages along AVC

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) is partnering with the National Agency for Science and Engineering Infrastructure (NASENI) with the aim offixing breakages along the Agricultural Value Chains (AVC) in Nigeria.

NIRSAL Plc and NASENI will crowd-in stakeholders from all AVC segments to create AVC-wide commercially viable platforms anchored on Public-Private Partnerships (PPPs).

NIRSAL Plc has engaged NASENI as its technical collaborative partner for the conceptualization, design, development, deployment, implementation and execution of various schemes/projects under the NIRSAL-NASENI Comprehensive Tractor Recovery Scheme, the NIRSAL Climate-Smart Modular Geo-Cooperative-Based Irrigation System for Smallholder Farmers and other Agricultural Value Chain-related challenges requiring efficient homegrown scientific and engineering solutions for proof of concept projects and scale-up, to attract finance and investment into fixed Agricultural Value Chains.

To make up for the deficit in tractors and other mechanization equipment, NIRSAL Plc and NASENI will recover and reinvigorate idle agricultural equipment for enhanced mechanization of Agricultural Value Chains in Nigeria.

Critically, in addition to optimizing the capacity of NASENI, the partnership, like all of NIRSAL Plc’s strategic interventions, will create widespread socioeconomic development. Specifically, at least 110,000 jobs will be created, 10,000 directly and 100,000, indirectly – another instance of NIRSAL Plc’s support of the Federal Government’s efforts to achieve economic stability and prosperity for Nigerians.

MTO/Newsdairy