NIRSAL CBN Loan Application Form 2020: CBN approves N75billion Grants to Nigeria 36 States + FCT

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NIRSAL CBN Loan Application Form 2020/2021: CBN approves N75billion Grants to Nigeria 36 States + FCT – NIRSAL (Nigerian Incentive-Based Risk Sharing in Agricultural Lending is now giving out loan as approved by the Central Bank of Nigeria (CBN). CBN approves the disbursement or lending out of N75billion to Nigerian farmers in the 36 states and the Federal Capital Territory (FCT). SEE HOW TO APPLY FOR CBN NIRSAL LOAN BELOW

Contents

The Essence of Nirsal CBN Loan

The loan guarantee scheme is a public-private sector initiative set up to transform the country’s agricultural sector. It was initiated by the apex bank, the Bankers’ Committee and the Federal Ministry of Agriculture and Rural Development (FMARD), to guarantee 75 per cent loans provided by Deposit Money Banks (DPB) to farmers as part of efforts to transform the country’s agricultural sector.

How will Farmers apply/register and get the Nirsal CBN Loan

Jude Uzonwanne, the Head of NIRSAL Project Implementation Office under the Development Finance Department of the CBN, spoke on the role of NIRSAL in Abuja, told the Minister of State for the Federal Capital Territory, Oloye Akinjide, that the guarantee or loan would be issued to farmers through commercial banks and other financial institutions.

“NIRSAL would mobilize financing for Nigerian agribusiness by using credit guarantees to address the risk of default,” Mr. Uzonwanne said.

“NIRSAL is a flexible financing tool designed to change the behaviour of financial institutions.

“It covers all crops and livestock activities in Nigeria, while driving improved investment outcomes and job creation. It is also building on a legacy of previous CBN interventions in agriculture that has helped create thousands of jobs.”

Who can Apply for Nirsal CBN Loan

Mr. Uzonwanne said the programme was designed to create access to finance to farmers by integrating end-to-end agriculture value chains, such as input producers, farmers, agro dealers, agro processors and industrial manufacturers with agricultural financing value chains – loan product development, credit distribution, loan origination, managing and pricing for risk, and loan disbursement.

How the Nirsal CBN Loan work – How the 75billion is shared

The integration is driven by NIRSAL’s 5 pillars, particularly the Risk Sharing Pillar and the Technical Assistance pillars, such that:

Risk sharing Facility is allocated 45 billion
Insurance Facility is allocated 4.5 billion
Technical assistance facility is allocated 9 billion
Agricultural bank rating scheme is allocated 1.5 billion
Bank incentive mechanism is allocated 15 billion.

All these sum up to N75billion approved by CBN.

Duration of Nirsal CBN Loan

The loan duration is between 24 – 28 months.

How to apply or register for Nirsal CBN Loan for Farmers

To apply or register online, Click https://nmfb.com.ng/ or https://nirsalmfb.caderp.com/account/landingpage

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Mukhtar kabir says:

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Kabirmukhtar87@gmail.com
- Yushau Abdullahi says:
  
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  I need your assistance pls
NYAKNO says:

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TO MEET MY DEMAND IN MY BUSINESS ,AS MY BUSINESS COLAPSED DURING THIS SEASON
Eric perebor says:

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MR ERIC PEREBOR I NEED THE LOAN TO BUILD UP MY COMPANY
Pat says:

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Please how can I apply for the NYIF loan as a Nigerian youth
- basedonnews says:
  
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  The link is not yet activated
Bamayi Yakubu clement says:

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That is good
Monday chukwu says:

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I'm worried that some of us that are into horticulture is not recognized in the agro allied chain ,why?
- basedonnews says:
  
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  I would advice you set up a small farm and still practice your horticulture to enable you benefit from FG grants and loans
Nana-otu Eric Azazi says:

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I want to renew my farm, because flood just swept my farm and kill all the cropes.
- basedonnews says:
  
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  Go ahead and apply
Adaku Nwaigwe says:

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I want to open a private school from pre-nursery to secondary, please help me to accomplish my dream, am 38yrs now not married no money no helper,

I will be grateful if am been assisted.
- basedonnews says:
  
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  I would advise that you register your business first or company first to enable have access to loans
  
  Click Here to register your company with CAC
Umar Tukur Also says:

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How can I apply mind
- basedonnews says:
  
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  Use the link portal above to apply
- Adamu Aliyu Baba says:
  
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  Good morning i need help my Email Address as been hacked, Pls how will i change the former Email to the present one i am using now
Nwobo Andrew Chig bogu says:

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Is the NYIF application formstill ongoing