Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has approved the appointment of Mr. Aliyu Abbati Abdulhameed as substantive Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL).

 

According to a press release issued by the Director, Corporate Communications Department of the CBN, Mr. Ibrahim Mu’azu, the appointment underscores CBN’s determination to re-focus NIRSAL and help de-risk agricultural lending in Nigeria, asserting that it would help move the country towards food sufficiency, job creation, and inclusive growth.

 

Mr. Abdulhameed holds a B.Sc. in Agricultural Economics and Rural Sociology from Ahmadu Bello University, Zaria, a Masters Degree in Public Administration with specialisation in Public Policy, and an Executive Masters Certificate in Project Management from the Project Management College (UK).

 

Currently an Executive Team Member of NIRSAL Plc, he has over 22 years experience in corporate agribusiness, and in the field of Agricultural Finance and Risk Management. NIRSAL, a Public Limited Liability Company licensed as a Non-Bank Financial Institution (NBFI), is an initiative of the Central Bank of Nigeria (CBN), the Banker’s Committee (BC) and the Federal Ministry of Agriculture and Rural Development (FMARD).

 

With the primary mandate of facilitating the flow of credit to agribusiness value chain players, and collaborating with stakeholders to fix broken agricultural value chains in Nigeria, NIRSAL promotes economic development by acting as a catalyst for credit flows to agricultural value chains, by systematically addressing key failures in the agribusiness supply chains.