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The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has approved credit guarantees exceeding N100 billion for loans and investments in agriculture and agribusinesses across the country, marking its highest annual finance facilitation to date.
The institution said the guarantees enabled partner financial institutions to extend credit to agricultural value chain activities that would ordinarily fall outside their risk appetites, thereby improving access to finance and strengthening lender confidence in the sector.
NIRSAL reaffirmed its commitment to expanding its finance facilitation footprint in 2026, with a focus on supporting climate-smart agriculture, strengthening sectoral resilience, and enhancing the competitiveness of Nigeria’s agribusiness ecosystem.
Established by the Central Bank of Nigeria as a non-bank financial institution, NIRSAL was created to de-risk agricultural lending by managing credit risks and providing support such as risk guarantees and technical assistance across the agricultural value chain.
The historic level of guarantees achieved in the year demonstrated continued progress in de-risking agricultural value chains, deepening financial inclusion, and improving access to finance for agribusiness operators nationwide.
Meanwhile, In recognition of its contributions, NIRSAL emerged as the MSME Agrifinance Enabler of the Year at the second edition of the MSME Finance and CEO Awards held recently in Lagos. The event celebrated innovation, resilience, and excellence within Nigeria’s MSME ecosystem.
NIRSAL’s management noted that the milestone reflected a shift from lender hesitation to increased confidence in agricultural financing, driven by the institution’s credit risk guarantees and robust risk management frameworks, which have encouraged financial institutions to scale up investments across commodity export, agro-processing, input supply, primary production, storage, warehousing, and logistics.
PR/Umbwanko Baba
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