MNDA SEEKS COLLABORATION WITH NIRSAL FOR SOCIAL-ECONOMIC DEVELOPMENT IN THE N/DELTA REGION

Ministry of Niger Delta Affairs is discussing ways of collaborating with the Nigerian Incentive-based Risk Sharing system for Agricultural Lending (NIRSAL) for the socio-economic development of the Niger Delta region.

The Honourable Minister of State, Sharon Ikeazor stated this during an interactive session with the Managing Director/ Chief Executive Officer NIRSAL, Aliyu A. Abdulhameed in his office recently in Abuja.

According to Ikeazor, “I initiated the idea based on the mandate of the Ministry which is to coordinate all programmes, polices, initiatives and interventions of the Federal Government in the Niger Delta region”

She expressed optimism that the prospective collaboration between the two MDA’s will bring financial relief and empowerment to the people of Niger Delta in the area of Agricultural businesses.

The Minister requested that both Agencies form a technical team to pore through the possibilities in the partnership and map out an action plan that would be rolled out soon stating that a Memorandum of Understanding (MoU) is expected to be signed before the end of October.

While making his presentations during the meeting, Aliyu outlined capacity building, finance facilitation, project monitoring and market linkage as some of the possible areas of partnership with the Ministry that would impact positively on the fortunes of the citizens of the Niger Delta region.

He reiterated that NIRSAL as an initiative of the Central Bank of Nigeria (CBN), the Bankers Committee (BC) and Federal Ministry of Agriculture and Rural Development (FMA&RD) is designed with the scope of ensuring the existence of affordable financing schemes to all players along the agricultural value chain in Nigeria.

He further explained that some of the functions of NIRSAL Plc which includes Catalyzing the flow of finance and investments into fixed agricultural value chain across Nigeria and gears towards empowering the people economically is in line with the mandate of the Ministry of Niger Delta Affairs hence an effective collaboration would be maintained to achieve the intention of both establishments.

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