The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has intensified efforts to strengthen agribusiness sustainability by deploying its Business Advisory Services to support both new and existing agricultural enterprises across the country.
NIRSAL said the initiative goes beyond facilitating access to finance by providing structured guidance aimed at improving enterprise viability, operational readiness, regulatory compliance and investment attractiveness within Nigeria’s agriculture sector.
According to the organisation, its advisory services focus on assessing the commercial viability of proposed agribusiness ventures and supporting the revival of distressed or dormant enterprises. The services include diagnostics on market potential, financial preparedness, operational structure and risk management, with the goal of making agribusinesses bankable and finance-ready.
As part of the initiative, NIRSAL recently engaged with promoters of a proposed rice milling facility in Yola, Adamawa State. The engagement involved a comprehensive assessment to evaluate the project’s readiness for implementation and its suitability for commercial financing and insurance coverage.
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NIRSAL explained that the assessment process is designed to help agribusiness promoters make informed investment decisions, reduce risks and avoid costly errors during project development.
The organisation said its Business Advisory Services are targeted at agribusinesses of all sizes, both rural and urban, and are intended to support long-term growth and sustainability in the agricultural value chain.
NIRSAL reiterated its commitment to strengthening Nigeria’s agricultural ecosystem by providing enterprises with the technical guidance and structure required to move from concept to execution and sustained operations.
