Expanding Financial Access in Agriculture Through Agent Networks

Conclusion ✓ NIRSAL's goal of reaching 3.8million agricultural producers by 2026 is just 27% of the existing farming population of 14million, excluding operators in other segments of the value chain ✓ Total private sector credit by Banks as at Q4, 2016 was N16.117Trn of which N525.95Bn (3.26%) was for the Agriculture sector. At the desired 10% share of private sector lending, agriculture's share will be N1.6Trn. At that level of investment, agriculture can propel phenomenal economic growth ✓ Potential exists for doubling agric sector contribution to GDP and economic growth, but "no one eats potentials" (Dr. Akin Adesina) NIRSAL

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