Home Agribusiness NIRSAL trains 780 farmers in agribusiness

NIRSAL trains 780 farmers in agribusiness

The Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL Plc.) has completed the training and mentorship of 780 farmers and other agricultural value chain players across the country to achieve food sufficiency.

NIRSAL said the training programs, which were held in the six geo-political zones are a continuation of efforts targeted at achieving de-risking of the agricultural value chain to encourage more investment in agribusiness by the financial sector.

The series of training sessions under the NIRSAL Strategic Business Support Services (SBSS) is part of NIRSAL Plc’s Technical Assistance pillar aimed at building the capacity of value chain actors for improved production, handling, processing, and marketing of agricultural commodities.
The training sessions focused on 10 Commodities of Interest (COI) that have ecological and economic advantages in each region. The commodities include rice, ginger, maize, Fresh Fruit and Vegetables (FFV), cassava, beans, aquaculture, oil palm, livestock, and cotton.

During the NIRSAL SBSS sessions, farmers as well as input suppliers, processors, transporters, exporters, and traders of agricultural products were trained on modern, business-oriented pre-upstream, upstream, midstream, and downstream operations to achieve the micro and macroeconomic effects of farmer income enhancement and Gross Domestic Product (GDP) increase.The NIRSAL SBSS program identified farmers and value chain actors most in need of training, assessed value chain gaps, designed intervention approaches, and implemented the same; the main approach being a four-week long mentorship program comprising in-class and field sessions.