NIRSAL, German agribusiness collaborate for sustainable agriculture

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The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is collaborating with German Agribusiness Alliance and other partners for improved technological applications in agriculture.

The collaboration is part of the process to actualise Federal Government’s resolve to boost agriculture.

The NIRSAL therefore organised a two day workshop to enable all stakeholders showcase what they are bringing to the table.

NIRSAL’s Managing Director, Mr Aliyu Abdulhameed said Nigeria’s agricultural economy had several opportunities that needed to be optimally explored.

Abdulhameed said all that was needed from the point of view of finance and investment were equipment capital, technology capital and “brain capital”.

He said that if these were put in place through the ongoing collaboration, agribusiness in the country would be taken to a higher level.

According to him, the event marks another achievement in the agriculture and agribusiness space for NIRSAL and its German partners.

He said that partnership with German Agribusiness Alliance (GAA) was one of several significant collaborations that would strengthen the bilateral relations between Nigeria and Germany toward promoting sustainable investments in Nigeria.

As an organisation, we recognise the importance of strategic partnerships as a sine qua non in boosting the success of agriculture and agribusinesses and providing the capitals that our people need to improve their livelihoods.

In line with this approach, a partnership with the German Agribusiness Alliance by extension, German agribusiness has been identified as a potential strategic leverage for obtaining invaluable benefits for NIRSAL and Nigeria toward the establishment of agro-industrial projects.

“This engagement with the German Agribusiness Alliance will also serve as a platform for the pooling and exchanging of economic ideas and interests around agriculture and agribusiness.

“Through this strategic partnership, NIRSAL will be able to leverage on the GAA’s global network in supporting the agriculture/agribusiness sector by attracting investments into Nigeria.”

Frank Nordmann, the President, German Agribusiness Alliance and German African Business Association said the partners were ready to sign the Framework of Understanding from the two day workshop as a lead to the signing of a Memorandum of Understanding.

We are impressed on the inputs from all of you. We have got a lot of ideas to go home with.

“We need to go to work and deliver, so, we will take the points from this workshop to our partners in the GAA and then we can move forward.”

Nordmann said that the initiative was a total package, adding that it would be a complete value chain, which would boost employment among other benefits “and will be a win win for all.”