CEO Today Global Awards 2022

16 www. ceotodaymagazine . com Can you tell us a little bit more about NIRSAL and what you do? NIRSAL Plc, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, is a USD $500 million Non-Bank Financial Institution and a wholly owned corporation of the Central Bank of Nigeria (CBN). It is designed to redefine, dimension, measure, re-price and share agribusiness-related credit risk. The company was incorporated in 2013 to stimulate the flow of affordable finance and investment into the agricultural sector by derisking the agriculture & agribusiness finance value chains, fixing agricultural value chains, building long-term capacity and institutionalising incentives for agricultural lending through its five strategic pillars: Risk Sharing, Insurance, Technical Assistance, Incentives and Rating. NIRSAL Plc’s mission statement is to forge partnerships between agriculture and finance, maximising the potential of agriculture for food security, job creation and economic growth, while its vision is to transform the economy, deliver inclusive growth and impact lives. NIRSAL Plc specialises in Agriculture & Agribusiness project development, finance facilitation and agricultural risk management. We optimise agriculture and agribusiness, integrate agricultural value chains, facilitate finance and investments and manage agricultural risks through innovative risk management models and original Tools, Techniques, Methodologies & Partnerships (TTM&Ps). Some of NIRSAL Plc’s products and services include: • NIRSAL Credit Risk Guarantee (CRG) to share credit-related losses with financiers and investors with up to 75% principal and interest repayment. • Interest Drawback Support to reward diligent borrower behaviour through discretionary rebates of up to 40% of interest paid, thereby reducing the effective interest rate for borrowers in good standing.. • Bespoke value chain-specific agribusiness modelling for primary production and integrated projects. CEO Today Gl oba l Awa rds 202 2

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