Ifeanyi Onuba, Abuja
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending on Wednesday launched an enhanced livestock feed programme designed to create a shift from nomadic cattle rearing to a more structured system that would encourage private investment in the livestock value chain.
NIRSAL is an initiative of the Central Bank of Nigeria to de-risk lending to the agricultural sector.
The livestock feed programme is being financed under the NIRSAL-CBN Anchor Borrowers Programme.
Under the scheme, NIRSAL will not only provide access to finance but also technical support to livestock farmers for guaranteed results.
Other key components of the innovative programme include training of livestock farmers on modern livestock feeding systems, livestock rearing best practices, vaccination of livestock, disease management and other relevant information that increase the chances of productivity and profitability in the business.
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