ABP: 225,000 farmers to benefit from NIRSAL’S new field structure
As part of its focus on taking business-driven agriculture to the grassroots, the Nigeria Incentive-Based Risk Sharing System for Agriculture (NIRSAL) is deploying an innovative nation-wide field structure to support 225,000 farmers under the CBN Anchor Borrowers Programme (ABP). The structure, known as the Project Monitoring Reporting and Remediation Office, has units located in each state and the Federal Capital. The PMROs are designed to support NIRSAL’s core mandate of making agriculture more attractive for private sector investment by de-risking the agricultural value chain. Among other functions, they will provide rigorous monitoring and supervision of NIRSAL facilitated agriculture projects to improve successful outcomes. NIRSAL which the Central Bank appointed an implementation partner in the Anchor Borrowers Programme, is deploying the PMROs to support an initial number of about 225,000 farmers throughout the country under the programme. The 225,000 farmer...