Nigeria determined to de-risk cocoa, palm fruit, livestock value chains

Nigeria has restated its commitment to de-risking agriculture value chains with the Nigeria Incentive-Based Risk Sharing for Agricultural Lending (NIRSAL) focusing on eight commodities cocoa, palm fruit and livestock, according to a monitored wire report.

Aliyu Abdulhameed, NISRAL’s managing director who spoke during a training session for NIRSAL, Central Bank of Nigeria (CBN) and Ministry of Agriculture workers in Abuja, said full de-risking of the commodities and their value chains will convince finance and investment to take a position within a fixed value chain to integrate the whole value chain for easy financing.