Issues in the Campaigns Against NIRSAL

By Kennedy Eberechi.

 

Issues in the Campaigns Against NIRSAL
    Aliyu Abdulhameed; Pioneer MD/CEO, NIRSAL

    The Agricultural sector has been identified as the key to the President Muhammadu Buhari’s diversification of the Nigerian economy for sustainable development. Hence agriculture constitutes one of the most important sectors of the Nigerian economy as it has the potentials to contribute to the growth of the economy, provide employment opportunities for the teeming population, export revenue earnings and eradicate poverty in the economy.

    As part of efforts to Redefine, Dimension, Measure, Re-Price and Share agribusiness-related credit risks in Nigeria, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc; a US$500million Non-Bank Financial Institution, wholly-owned by the Central Bank of Nigeria (CBN) was established in collaboration with the Federal Ministry of Agriculture and Rural Development (FMARD) and Nigerian Bankers’ Committee in 2013.

    Incorporated in 2015, NIRSAL’s mandate is to stimulate the flow of affordable finance and investments into the agricultural sector by de-risking the agribusiness finance value chain, fixing agricultural value chains, building long-term capacity, and institutionalizing incentives for agricultural lending through its five (5) strategic pillars, namely: Risk Sharing, Insurance, Technical Assistance, Incentives and Rating.

    Fortuitously, over the past two years, NIRSAL; an institution that has been adjudged to be playing key role in the transformation of the Nigerian Agriculture has come under lots of criticisms and negative attacks in the form vicious and sustained campaigns of calumny against its leadership, which has intensified within the last six months.

    As a pragmatic demonstration of passion in achieving  a just and equitable development in our dear country through advancing the single agenda of building a formidable and economically strong united Nigeria; a coalition of Civil Society Organisations (CSOs), has reacted to these allegations ranging from mismanagement of funds by its Current leadership to claims of discrimination and favouritism.

    Issues in the Campaigns Against NIRSAL
      Comrade Emmanuel Onwubiko (M) during the Press Briefing of the Coalition of CSOs led by HURIWA in Abuja.

      The Coalition, led by the prominent Civil Rights Advocacy group; Human Rights Writers Association of Nigeria (HURIWA), at a press briefing in Abuja, addressed by the National Coordinator of HURIWA; Comrade Emmanuel Onwubiko, accompanied by other members of the coalition revealed to journalists that the campaign is being executed by faceless elements who use compromised high profile ‘activist’ and hide behind compromised social media platforms to throw mud at the organization.

      In addition, Comrade Onwubiko noted that these faceless elements have gone to the extent of forging documents, organizing fake protests, sponsoring fake farmers groups and inducing unprofessional media platforms to publish unverified falsehoods against the institution.

      Incidentally, according to Onwubiko, despite the media campaign and reports made to the security agencies, no evidence of impropriety has been found. Therefore, the coalition called on the Inspector-General of Police; Mohammed Adamu to commence investigations and invite for interrogation, what it called bunch of detractors, traversing the entire length and breath of the media industry in their campaign of calumny against the management of NIRSAL under the leadership of Aliyu Abbati Abdulhameed.

      “we will thereby rise from this briefing by writing a petition to the Inspector General of Police to call on him officially to investigate and invite individuals behind these unrelenting tissues of lies and innuendos targeting the person of Mr. Abdulhameed”, the coalition said.

      Conclusively, while noting that the leadership of NIRSAL deserves the gratitude and commendation of the nation and not constant attacks; Mr. Onwubiko urged the Presidency not be deceived by what he described as evil campaign against the person of the MD of NIRSAL Plc. This is because, for him, those making these baseless allegations are working hard to scuttle the government’s agenda for agricultural revolution.

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