Home News NIRSAL’s .4m jobs, big push for job creation, poverty alleviation, say Buhari supporters

NIRSAL’s .4m jobs, big push for job creation, poverty alleviation, say Buhari supporters

by Armada News
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The report by the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) that it has facilitated over N102 billion in loans from commercial banks to businesses across the various agricultural value chains is quite encouraging.

The Buhari Media Organisation (BMO) says that with this, there is no doubt that the President Muhammadu Buhari administration’s policy of removing 100 million Nigerians from poverty has continued to yield results.

BMO, in a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke, noted that the decision of the administration to diversify the economy from its sole dependence on oil has created other sources of revenue generation, creation of employment and stimulation of the economy.

“We note that apart from the creation of over 400,000 jobs by the CBN agency, two million more Nigerians have been positively impacted in the country’s agricultural value chain, including mechanisation, input supply, and primary production and processing.

“We want to place on record that NIRSAL PLC, a wholly-owned corporation of the Central Bank of Nigeria has been very proactive in impacting on the lives of Nigerians since the Buhari administration came into office, especially with the $500M grant by the federal government.

“We note that NIRSAL’s institutionalisation of incentives for agricultural lending across the value chains has further empowered Nigerian farmers, their families and other dependants.

“We, therefore, applaud the President Muhammadu Buhari administration for having the wisdom to diversify the economy, thereby reducing the country’s dependence on oil as the only revenue earner”.

According to the group, the revival of the agricultural sector under Buhari has unleashed the huge potentials in the sector and is providing the youths with an opportunity to be gainfully employed.

“Similarly the average Nigerian farmer is now reaping from his enterprise, based on the several incentives the Buhari administration has provided to him

“We believe that with the support of all Nigerians and critical stakeholders in the various sectors of the economy to the Buhari administration, most of the socio-economic policies will continue to benefit all Nigerians”, the statement added.

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