Since its incorporation in 2013 by the Central Bank of Nigeria, a total of N101bn has been facilitated by the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending from Deposit Money Banks for the agricultural sector.<\/p>\n
The Managing Director, NIRSAL, Aliyu Abdulhameed, gave this figure on Tuesday in Abuja while presenting a paper at the National Project Management Conference.<\/p>\n
The conference with theme, \u201cAccelerating national development through project management best practices,\u201d was attended by top officials in both the public and the private sectors of the economy.<\/p>\n
The NIRSAL boss in his presentation titled \u201cProject management as a catalyst for national development,\u201d said the N101bn which the agency facilitated from banks was used to fund about 693 agricultural projects.<\/p>\n
He said through the funding, which had already been guaranteed by NIRSAL, a total of 400,000 jobs were created in various sectors of the agricultural value chain.<\/p>\n
He said the agency had also launched the Area Yield Index Insurance Products, which had protected about N6.5bn revenue of over 37,399 farmers.<\/p>\n
He gave some of the benefits of adopting sound project management practice as increased agric productivity, minimal materials wastage, reduction in labour costs and improvements on cash flow.<\/p>\n
The Programme Director, National Project Management Conference, Mr Taopheek Babayeju, said the conference which began a decade ago had indeed come to define the practice of project management in Nigeria.<\/p>\n
He said, \u201cStudies have shown that organisations that have adopted project management in driving their initiatives have succeed more; no wonder why many organisations both in the public and private sector, local and international now set up project management offices to support their strategy units.\u201d<\/p>\n
The Statistician-General of the Federation and Chief Executive, National Bureau of Statistics, Dr Yemi Kale, said the concept of project management was vital for economic development.<\/p>\n","protected":false},"excerpt":{"rendered":"
Since its incorporation in 2013 by the Central Bank of Nigeria, a total of N101bn has been facilitated by the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending from Deposit Money Banks for the agricultural sector. The Managing Director, NIRSAL, Aliyu Abdulhameed, gave this figure on Tuesday in Abuja while presenting a paper at the […]<\/p>\n","protected":false},"author":62,"featured_media":17953,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[347,740,1020],"class_list":["post-17951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-abuja","tag-apex-bank","tag-minister-of-agriculture"],"yoast_head":"\n