Startups
The Nigeria Incentive-Based Risk Sharing system for Agricultural Lending (NIRSAL) was launched in 2011 and incorporated in 2013 by the Central Bank of Nigeria (CBN) as a dynamic, holistic USD500 Million public-private initiative to define, measure, price and share agribusiness related credit risk.
NIRSAL is designed with the objective of enabling the flow of affordable financing to all players along entire agricultural value chains. It reduces the risks of financing institutions while granting agricultural loans by building the capacities of both banks and value chain actors on good practices in agricultural financing, loans utilization and repayment.
NIRSAL operated as a project implementation office in Development Finance Department of the CBN until the appointment of its executive management team by the CBN on 23rd December 2015.
NIRSAL seeks to address the causes of low funding levels in the agriculture sector, including lack of understanding of the sector, perceived high risks, complex credit assessment processes/procedures, and high transaction costs.
NIRSAL is designed with the objective of enabling the flow of affordable financing to all players along entire agricultural value chains. It reduces the risks of financing institutions while granting agricultural loans by building the capacities of both banks and value chain actors on good practices in agricultural financing, loans utilization and repayment.
NIRSAL operated as a project implementation office in Development Finance Department of the CBN until the appointment of its executive management team by the CBN on 23rd December 2015.
NIRSAL seeks to address the causes of low funding levels in the agriculture sector, including lack of understanding of the sector, perceived high risks, complex credit assessment processes/procedures, and high transaction costs.
Overview
Location
Nigeria, Federal Capital Territory, Abuja
Employees
501-1000
Phone
+234 813 988 2220
Founded date
2011
Mentions in press and media 5
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Mar 6, 2025 | NIRSAL: CBN asks Court to dismiss EFCC’s forfeiture bid against N2.7 billion collateral property | The Central Bank of Nigeria (CBN) has urged the Federal High Court in Abuja to dismiss a forfeiture case brought by the Economic and Financial Crimes Commission (EFCC) against a N2.7 billion property (located at Plot 781, Cadastral Zone 001... |
| Jul 3, 2024 | House of Reps orders probe into N1.12 trillion Anchor Borrowers’ Program | The House of Representatives has initiated an investigation into the N1.12 trillion Anchor Borrowers Scheme, a Federal Government initiative for agricultural funding through the Central Bank of Nigeria (CBN). The probe will also include the... |
| Oct 25, 2018 | Payments space not over saturated in Africa argues Village Capital head | African fintech startups are beginning to branch out away from the payments space into other sub-sectors — such as agri-finance, insurtech and alternative credit scoring — a report by US-based venture capital (VC) firm Village Capital has f... |
| Oct 25, 2018 | Payments space not over saturated in Africa argues Village Capital head | African fintech startups are beginning to branch out away from the payments space into other sub-sectors — such as agri-finance, insurtech and alternative credit scoring — a report by US-based venture capital (VC) firm Village Capital has f... |
Reviews 0
FAQ about NIRSAL Plc
When was NIRSAL Plc founded?
NIRSAL Plc was founded in 2011.
What has the press written about NIRSAL Plc?
Parsers VC has collected 5 articles mentioning NIRSAL Plc, among them “NIRSAL: CBN asks Court to dismiss EFCC’s forfeiture bid against N2.7 billion collateral property” (Mar 6, 2025) and “House of Reps orders probe into N1.12 trillion Anchor Borrowers’ Program” (Jul 3, 2024).
Is NIRSAL Plc still active?
Yes, NIRSAL Plc is active; its latest activity on Parsers VC dates from Mar 6, 2025.