The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc announced on Sunday, December 28, 2025 to have approved credit guarantees for over 100 billion naira in loans and investments in agriculture and agri-food across the country.

Nirsal is a non-bank financial institution Nigerian, created by the Central Bank of Nigeria (CBN) to reduce risks associated with agricultural loans, making them attractive for commercial financing through credit risk management and supply of support including risk guarantees and technical assistance to the agricultural value chain.

She states that the approved collateral had allowed partner financial institutions to grant loans to value chain activities that would otherwise not match their appetite for risk. In a statement, the institution reaffirmed its commitment to extend its action in the area of financial facilitation, to support climate-smart agriculture, to strengthen resilience sectoral and to improve the competitiveness of the Nigerian agri-food ecosystem in 2026.

In recognition of its efforts, NIRSAL received the award from the agricultural financing organization of the year for SMEs at the second edition of the MSME Finance and CEO awards Awards that were recently held in Lagos. During the ceremony for the awarding of award, the managing director of NIRSAL, Sa'ad Hamidu, said that this success highlighted “the power of structured models for sharing risks, solid partnerships with financial institutions and resilience Nigerian agri-food entrepreneurs