The Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL Plc), has called for enrollment into its Agro Geo-Cooperative model which was created for the purpose of facilitating sustainable farm/field structuring & governance.
A statement released this afternoon through the official Twitter handle of the Federal Government of Nigeria, also noted that the main aims of the initiative are as follows:
- To create 16,000 Agro Cooperatives on 4 million hectares of farmland
- To enrol some 8 million Nigerian farmers whose responsibility it will be to produce about 12 million metric tonnes of Grain Product Equivalent (GPE) annually over the medium to long term.
Enrollment for NIRSAL AGROGEOCOOP Formation
.@nirsalconnect calls on all smallholder farmers, farmer leaders & aggregators to key into its Agro Geo-Cooperative model created for the purpose of sustainable farm/field structuring & governance.https://t.co/5yA73V6gKj
— Government of Nigeria (@NigeriaGov) August 17, 2020
Download the Nairametrics News App
The statement went further to disclose that NIRSAL would work with individuals, enterprises, corporate bodies and N-Power beneficiaries through the World Bank FADAMA Programme, USAID MARKETS Programme, IFAD Value Chain Development Programme, The World Bank Climate Adaptation and Business Support Programme, AfDB Agric Programmes, the DFID’s Propcom Maikarfi Programme, the SASSAKAWA Global 2000 Programme and other stakeholders that meet requirements to execute the enrollment.
Farmer communities were urged to, “take advantage of this opportunity as a means of employment and a source of income generation through supporting the productive activities of their self-organized Agro Geo-Cooperatives.”