The NIRSAL-GCAM MoU was recently re-signed by NIRSAL Plc’s
Managing Director/CEO, Aliyu Abdulhameed, and GCAM’s Chairman, Tariq
Sijilmassi, at GCAM’s Headquarters in Morocco.
The NIRSAL-GCAM MoU is geared towards promoting inclusive
growth and sustainable development of the agricultural sectors of both
countries with a focus on smallholder farmers and agribusinesses.
NIRSAL and GCAM also re-established areas of mutual
interests and collaboration such as the promotion of B2B relationships,
capacity building, knowledge transfer and digital agribusiness risk management
solutions.
“Crédit Agricole du Maroc received on May 20, 2022, a
delegation from the Nigeria Incentive Risk Sharing in Agricultural Lending,
NIRSAL Plc.
“This visit is part of the renewal of the Memorandum of
Understanding concluded between the two parties on December 2, 2016 before His
Majesty King Mohammed VI and His Excellency Muhammadu Buhari, President of the
Federal Republic of Nigeria.
“Since the conclusion of this agreement, Crédit Agricole du
Maroc and NIRSAL have put in place a roadmap for the deployment of this
partnership around the main subjects of common interest.
“Over the past period, discussions have focused on
innovative financing models capable of stimulating the development of
sustainable and inclusive agriculture in Nigeria
“This reinforcement will make it possible to consolidate the
achievements of the previous agreement by placing greater emphasis on the most
promising innovations in agricultural financing, as has been the case since the
conclusion of the agreement of December 2, 2016.
“CAM and NIRSAL have put in place a roadmap for the
deployment of their partnership around the main topics of common interest.
“Over the past period, discussions have focused on innovative
financing models capable of stimulating the development of sustainable and
inclusive agriculture in Nigeria,” CAM said in a statement obtained by
Persecondnews.
Launched in 2011 and incorporated in 2013 by the Central
Bank of Nigeria (CBN), NIRSAL is a public-private initiative created to promote
investments in agriculture, through credit guarantees on loans granted to
farmers, agro-industrial investors, and other operators of the agricultural
sector.
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