NIRSAL’s capacity-building efforts target key agricultural hubs in Nigeria

NIRSAL Plc., under the Central Bank of Nigeria, has completed a capacity-building program to boost agricultural productivity. The program trained over 2,000 lead farmers and extension agents across Imo, Sokoto, Kwara, and Oyo states, focusing on financial literacy and enhancing output.
Tailored to regional strengths—such as aquaculture in Imo and Sokoto and cassava in Oyo and Kwara—the initiative is part of NIRSAL’s strategy to empower farmers as knowledge leaders within their communities. Key training areas included cooperative formation, governance, risk management, and financial literacy. Participants are committed to sharing their knowledge, promising a broader impact on agricultural practices. This effort demonstrates NIRSAL’s commitment to reducing risks in agricultural financing and transforming Nigeria’s agricultural sector. The program is expected to significantly improve productivity and farmers’ livelihoods.
Source: BusinessDay

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The Central Bank of Nigeria’s initiative, through NIRSAL Plc., has completed a capacity-building program aimed at improving agricultural productivity by enhancing financial literacy among over 2,000 lead farmers and extension agents in Imo, Sokoto, Kwara, and Oyo states. The training, which focused on region-specific strengths like aquaculture and cassava, is part of NIRSAL’s Agro Geo-Cooperative strategy to empower farmers and strengthen cooperatives.
This program has the potential to significantly impact the agricultural value chain by improving farm management, risk assessment, and financial decision-making at the grassroots level. As lead farmers disseminate their new knowledge, the broader agricultural community stands to benefit, leading to better productivity, reduced risks, and increased investment in the sector. Monitoring the program’s outcomes will be key to assessing its long-term effects on farmers’ livelihoods and overall agricultural growth in Nigeria.