Skip to main content

News update

NSQ TRANING

By
Post a Comment

NIRSAL Guarantees ₦100 Billion Agricultural Loans in 2025, Boosts Farm Financing in Nigeria

Image
By


NIRSAL Guarantees ₦100 Billion Agricultural Loans in 2025, Boosts Farm Financing in Nigeria

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc has announced a major milestone, closing 2025 with over ₦100 billion in approved credit guarantees for agricultural and agribusiness loans across Nigeria. (Vanguard News)

The announcement, made in Abuja in late December, highlights NIRSAL’s role in unlocking finance for farmers and agribusinesses that might otherwise struggle to access credit due to high perceived risks. (Punch Newspapers)

What the Guarantee Means

A credit guarantee is a financial instrument that reduces the lending risk for banks and other financial institutions. When NIRSAL provides a guarantee, it absorbs a portion of the risk if a borrower defaults, thereby incentivising lenders to extend more credit to agricultural value chains. (NIRSAL Plc)

In practical terms:

  • Partner banks and lenders can extend loans to farmers, processors, and agribusiness operators with greater confidence.

  • Loans that would have been considered too risky—such as those for smallholder farmers, early-stage businesses, or climate-smart agriculture—are now more accessible. (Leadership)

According to statements from NIRSAL, this guarantee has facilitated expanded credit availability across key value chain segments, including production, processing, and market linkages. (Brand Icon News)

Sector Impact and Broader Context

The ₦100 billion guarantees come at a time when credit to the private sector in Nigeria has been relatively tight, with banks generally cautious about agricultural lending due to risk concerns. (Nairametrics)

NIRSAL’s intervention plays into broader government and private sector efforts to de-risk agricultural finance and boost food security. These include initiatives aimed at subsidised inputs, climate-smart practices, and infrastructure improvements to strengthen the agricultural ecosystem. (AgroNigeria - AgroNigeria)

Looking Ahead: 2026 and Beyond

NIRSAL has reaffirmed its commitment to deepen financial support in 2026. This includes plans to:

  • Expand financing to more agribusinesses and value chain actors.

  • Support climate-smart and sustainable agriculture.

  • Strengthen resilience and competitiveness within the sector. (ThisDayLive)

The institution’s work aligns with national goals to increase agricultural productivity, support rural livelihoods, and attract greater private investment into Nigeria’s food and agribusiness sector.

Why This Matters

Agriculture remains a cornerstone of Nigeria’s economy and rural employment. Yet access to affordable and timely finance has consistently been a bottleneck for smallholders and agribusinesses. By facilitating over ₦100 billion in credit guarantees, NIRSAL is helping to bridge that financing gap, encouraging more banks to support agriculture and allowing businesses to invest in productivity, jobs, and food security. (economicconfidential.com)


Comments

Post a Comment

Popular Demand

HOW TO WRITE NSQ PERSONAL STATEMENTS

By
  How to write Personal statements under the TVET NSQ FRAME WORK. WATCH THE VIDEO, LIKE ,SHARE, SUBSCRIBE AND SHARE YOUR THOUGHTS ON THE COMMENTS BOX  👇 👇 👇 👇 👇 👇 👇 
Post a Comment
Read more

How to save on a Google Drive

By
 
1 comment
Read more

U.S. Army Deploys M270 Rocket Artillery Systems Near North Korean Border

By
U.S. Army Deploys M270 Rocket Artillery Systems Near North Korean Border Overview of the Deployment In late December 2025, the **U.S. Army announced the deployment and first operational live‑fire use of the modernized M270A2 Multiple Launch Rocket System (MLRS) on the Korean Peninsula, near the Demilitarized Zone (DMZ) separating South Korea and North Korea. This move represents a significant escalation in U.S. long‑range precision firepower in East Asia and underscores ongoing efforts to deter aggression from Pyongyang. ( Defence Blog – Military and Defense News ) The live‑fire exercise occurred on December 11, 2025 , at Camp Casey (in Dongducheon, Gyeonggi Province), roughly 27 kilometers (about 17 miles) from the North Korean border . ( Defence Blog – Military and Defense News ) The unit involved was Charlie Battery, 1st Battalion, 38th Field Artillery Regiment , part of the 210th Field Artillery Brigade of the U.S. Eighth Army — a forward‑deployed artillery unit su...
Post a Comment
Read more

NSQ folder Arrangements

By
 
Post a Comment
Read more

ANNOUNCING THE 2025–2026 DIGITAL & NON-DIGITAL SKILLS PROGRAMME

By
  HYBRIDTECK NEWS PUBLICATION ANNOUNCING THE 2025–2026 DIGITAL & NON-DIGITAL SKILLS PROGRAMME Earn Canadian Skills Council Diplomas & National Skills Qualifications (NSQ) Level 1–9 Hybridteck Global Business Consult proudly announces its 2025–2026 Academic Session Skills Development Programme , designed to empower Nigerians with globally recognised digital and non-digital skills that open the doors to employment, entrepreneurship, and international opportunities. Through our partnership with the Canadian Skills Council and alignment with the National Skills Qualifications Framework (NSQs) , learners can now obtain qualifications from Level 1 to Level 9 , equivalent from primary school skills foundation to university degree-level competencies . This programme provides inclusive learning for youths, women, persons with disabilities, and working professionals seeking career advancement. AVAILABLE TRAINING CATEGORIES Digital Skills Digital Marketing & Brand Vi...
Post a Comment
Read more

HOW TO WRITE NSQ QUESTIONS AND ANSWER OF THE STANDARD.

By
By Hon. Osemwengie Victor Odion       Bsc,Dip,AL,QAA,RPL.
Post a Comment
Read more

What Nigeria’s New Tax Law Really Means for Your Income and Business in 2026

By
What Nigeria’s New Tax Law Really Means for Your Income and Business in 2026 New Tax Law Explained On January 1, 2026 , Nigeria will begin enforcing a major overhaul of its tax system — the most extensive reform in decades. Signed into law in June 2025 , these changes are aimed at simplifying the tax code, expanding the tax base, modernizing administration, and aligning Nigeria with global norms. ( Business Post Nigeria ) Below is a clear breakdown of what it means for workers, small businesses, medium and large firms, and everyday Nigerians . 🧾 1. Big Picture: What’s Changing in 2026 Nigeria’s tax reform consolidates several older laws (like the Personal Income Tax Act, VAT Act, Capital Gains Tax Act) into one modern tax framework — the Nigeria Tax Act (NTA) 2025 . It also introduces the Nigeria Revenue Service (NRS) to replace the Federal Inland Revenue Service (FIRS) as the main tax collector with stronger digital enforcement and broader powers. ( Tax News ) Key aims...
Post a Comment
Read more

HybridRecord Ent Presents: The Launch of Cera's New Album

By
  Register for the Event Here! We are thrilled to announce the much-anticipated release of Cera's latest album, set to launch on the 13th of September, 2024. This is not just a release; it's a celebration of music, creativity, and the passion that Cera brings to every track. Join us for an unforgettable evening filled with live performances, exclusive previews, and the chance to connect with fellow music lovers. Whether you're a long-time fan or new to Cera's music, this event promises something special for everyone. Event Details: - Date:13th September 2024 - Time: 3:00 PM Red Carpet (Main Event 4: PM) - Venue: LDS Event Hall Along Abico Market Road, Off upper sokponba Rd Benin City Edo state Nigeria. Register for the event here! Everyone is invited to attend this incredible show! Don't miss out on being part of this extraordinary musical journey. Register now to secure your spot:  Register for the Event here Come and experience the magic of Cera's music live—i...
Post a Comment
Read more

EDOSHOE MANUFACTURING COMPANY

By
 EDOSHOE MANUFACTURING COMPANY  MD/CEO: Hon. Osemwengie Victor Odion Tel: +234-8077552165 Email: Edoshoe@gmail.com EXECUTIVE SUMMARY Edo Shoe Manufacturing Company is an indigenous footwear design Manufacturing Company based in Edo state Nigeria, registered with Corporate Affair Commission (CAC) The Company was established to contribute towards the development of the private industrial sectors in Nigeria. Since the commencement of operation in 2016, our company has been involved in the production of quality school leather sandals, Pam slippers, shoes for male and females, training of unemployed youths in Edo state into shoe manufacturing. EDO Shoe is poised to provide quality services to our numerous clients in the area of footwear and to have the interest of average Nigerian citizens who cannot afford high cost shoes, sandals. We make it available at affordable rate. Our target customers are ranging from low and high income earners  As part of our community engagement, a...
Post a Comment
Read more

Canada Moves to Hire 32,000 Workers Ahead of May 2026 Census — High-Paying Temporary Jobs Available

By
Canada Moves to Hire 32,000 Workers Ahead of May 2026 Census — High-Paying Temporary Jobs Available Canada is gearing up for its next national census in May 2026 , and as part of this massive data-gathering effort, Statistics Canada is recruiting approximately 32,000 temporary workers across all provinces and territories. These roles offer competitive hourly wages — equivalent to about ₦46,000 per hour when converted from Canadian dollars (up to $31.32 CAD per hour ) — making them attractive opportunities for individuals seeking short-term, well-paid work. ( Canada ) Why Canada Is Hiring Census Workers The census — conducted every five years — is a key nationwide survey that collects essential information about the population, including demographics, housing, economic activity, and social trends. The data helps governments, businesses and communities plan and allocate resources for services such as healthcare, education, transportation, housing and social programs. ( Wiki...
Post a Comment
Read more