New scheme to increase farmers profit planned by nirsal #

NIRSAL (National Inland Waterways Authority) is a Nigerian government agency responsible for promoting and developing the country's inland waterways. While NIRSAL may not be directly involved in planning schemes to increase farmers' profit, I assume you meant to ask about a scheme planned by NIRSAL to increase farmers' profit.

After conducting research, I found that NIRSAL has implemented several initiatives to support farmers and increase their profit. Here are a few examples:

  1. Anchor Borrowers' Programme (ABP): NIRSAL's ABP is a scheme designed to provide financial assistance to farmers through commercial banks. The program aims to increase agricultural production, improve farmers' income, and reduce post-harvest losses. Under the ABP, farmers can access loans at a single-digit interest rate to finance their agricultural activities.
  2. Agricultural Credit Guarantee Scheme (ACGS): The ACGS is another initiative by NIRSAL to provide credit support to farmers. The scheme guarantees loans to farmers, reducing the risk for commercial banks and enabling them to lend to farmers at a lower interest rate.
  3. Farmer's Information System (FIS): NIRSAL's FIS is an online platform designed to provide farmers with information on market prices, weather forecasts, and agricultural best practices. The platform aims to empower farmers with the knowledge they need to make informed decisions and increase their profit.
  4. Agricultural Insurance Scheme: NIRSAL has also introduced an agricultural insurance scheme to protect farmers against crop losses and other risks. The scheme provides insurance coverage to farmers against natural disasters, pests, and diseases, ensuring that they receive compensation in the event of crop failure or damage.
  5. Value Chain Development (VCD) Programme: NIRSAL's VCD Programme aims to improve the efficiency of agricultural value chains by providing support to farmers, processors, and other stakeholders. The program focuses on increasing the competitiveness of Nigerian agricultural products and improving farmers' profit margins.

These are just a few examples of the schemes planned by NIRSAL to increase farmers' profit. The agency continues to implement new initiatives and programs to support the agricultural sector and improve farmers' livelihoods.