AFRACA congratulates Mr. Aliyu Abdulhameed, MD & CEO Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) who recently was recognized as one of the Best Global CEOs according to the CEO Today Magazine Global Awards.
NIRSAL plc is a non-bank financial institution formed in 2023 to derisk agriculture, fix broken agricultural value chain, institutionalize incentives for agricultural lending and stimulate flow of finance and investment into the agricultural value chains. Some of the innovative and sustainable solutions in agriculture by NIRSAL include: Agro Geo-Cooperative model and the Index-based Insurance Product Innovation
To date, NIRSAL plc has facilitated over US $550 million to various actors across Agricultural Value Chains for mechanization activities, input distribution and the production, processing, trading and marketing of agricultural produce.
“Nurturing and managing the remarkable talents of young Nigerians that help to execute my strategy for NIRSAL Plc as the MD and CEO, over the last five years, has been an extremely rewarding experience for me,” says Aliyu. It has allowed me to work with local and global partners alongside these brilliant young Nigerians with whom I am building an avant garde institution that is leading Nigeria’s flight out of food insecurity, poverty and unemployment through agricultural transformation.”