Written by Sarah NEGEDU

NIRSAL supports forex ban on food importation

Despite the uproar that followed the Presidential advice to the Central Bank of Nigeria to ban access to foreign exchange for food importation, the Nigerian Incentive Based Risk Sharing System for Agricultural Lending, NIRSAL, insists the move will improve crops productivity and help empower local farmers

Managing Director of NIRSAL, Mr. Aliyu Abdulhameed, has said the policy was made in good faith, adding that it coincides with what NIRSAL has been preaching for a very long time.

Speaking at an investment workshop between NIRSAL and German Agribusiness Alliance, GAA, for local farmers in Abuja, Abdulhameed said Nigerian farmers need to be empowering in all ramification.

“What NIRSAL is doing today is to ensure that all the risk in crops production has been eliminated or reduce to its minimal to ensure that farmers get good returns.”

The workshop was as a result of the partnership between NIRSAL and GAA to bring equipment, technology and standard for Nigerian farmers.

Abdulhameed said the government leaders of Nigeria and German have been engaging each other on this partnership and the result is what NIRSAL and GAA is implementing.

He said the two partners will sign a framework of understanding that will facilitate the broader agreement to be signed later.

The leader of German delegations, Frank Nordman, said the whole idea is to assist Nigerian farmers to be able to produce enough food for the consumption of about 200 million local population as well as meeting European standard for food item export to Europe and other countries.

 

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