House committee lauds nirsal md on agribusiness transformation

Here's a possible article based on the topic:

HOUSE COMMITTEE LAUDS NIRSAL MD ON AGRIBUSINESS TRANSFORMATION

The House Committee on Agriculture and Rural Development has commended the Managing Director of the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Mr. Aliyu Abdulhameed, for his outstanding leadership and innovative approach to transforming the agricultural sector in Nigeria.

The committee, led by its Chairman, Hon. Mohammed Monguno, made the commendation during a meeting with Abdulhameed and his team at the National Assembly in Abuja.

The committee praised NIRSAL's efforts in promoting agricultural financing and risk management, which have led to significant growth and development in the sector. They noted that under Abdulhameed's leadership, NIRSAL has been able to disburse billions of naira in agricultural loans to farmers and agribusinesses, thereby creating thousands of jobs and stimulating economic growth.

The committee also commended NIRSAL's innovative approach to agricultural financing, which includes the use of technology and data analytics to assess and manage risk. They noted that this approach has helped to reduce the risk of lending to farmers and agribusinesses, making it easier for them to access financing and grow their businesses.

Abdulhameed, who was represented by the Director of Operations at NIRSAL, Mr. Bello Maccido, thanked the committee for their recognition and support. He said that NIRSAL is committed to continuing to work with farmers and agribusinesses to promote agricultural development and growth in Nigeria.

"We are proud of the progress we have made so far, and we are committed to continuing to work with farmers and agribusinesses to promote agricultural development and growth in Nigeria," Abdulhameed said.

The committee also commended NIRSAL's efforts in promoting agricultural insurance and risk management, which have helped to reduce the risk of crop failure and other agricultural-related risks. They noted that this has helped to increase farmers' confidence in the sector and encouraged them to invest more in their businesses.

Overall, the committee's commendation is a testament to NIRSAL's commitment to promoting agricultural development and growth in Nigeria.