Overview

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NIRSAL Plc—the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending—is a dynamic non-bank financial institution established in 2013 to transform Nigeria’s agriculture sector by de-risking it and making it more attractive to commercial finance. Born out of a landmark collaboration between the Central Bank of Nigeria, the Federal Ministry of Agriculture and Food Security, and the Bankers’ Committee, NIRSAL exists to unlock affordable, structured finance for agribusinesses across the value chain.

Our core mandate is to redefine how agriculture and agribusiness-related credit risks are perceived, measured, priced, and shared. We achieve this by:

  • De-risking agribusiness finance
  • Fixing broken agricultural value chains
  • Building the long-term capacity of both financiers and agribusinesses

Through years of experience structuring deals, delivering technical assistance, and breaking down the barriers between agriculture and finance, we have developed deep sector insight and operational expertise. And the impact is clear: we have helped double agriculture’s share of total bank lending in Nigeria—from 3% to 6%—and facilitated over 235 billion in financing for nearly 1,000 agribusinesses.

We remain committed to building a secure, sustainable, and profitable future for agriculture in Nigeria—one partnership, one project, and one innovation at a time.