NIRSAL Be­comes In­sti­tu­tional Mem­ber of RIMAN

THISDAY - - BUSINESS/ MONEYGUIDE - Nume Ekeghe

The Nige­ria In­cen­tive-Based Risk Shar­ing Sys­tem for Agri­cul­tural Lend­ing (NIRSAL) at the re­cently con­cluded 18th an­nual iin­ter­na­tional con­fer­ence and train­ing by the Risk Man­agers As­so­ci­a­tion of Nige­ria (RIMAN), for­mally be­came an in­sti­tu­tional mem­ber of the as­so­ci­a­tion.

The Man­ag­ing Direc­tor/CEO of NIRSAL, Mr. Aliyu Ab­dul Hameed, who was one of the guest speak­ers at the con­fer­ence, pro­posed for an an­nual risk man­age­ment round­table on agri­cul­tural fi­nanc­ing and more col­lab­o­ra­tion with RIMAN to devel­op­ment of a ro­bust risk man­age­ment frame­work for Agribusi­ness Fi­nanc­ing.

In his response, the RIMAN Board of Trustee Chair­man, Ms. Fo­lakemi Fatogbe, said the as­so­ci­a­tion al­ready had a quar­terly risk round­table in place both in La­gos and Abuja.

But, she pointed out that the as­so­ci­a­tion would be will­ing to en­large the scope to a joint an­nual con­fer­ence by both RIMAN/NIRSAL.

She also added that com­mit­tee of chief risk of­fi­cers of banks, through RIMAN, would work in col­lab­o­ra­tion with NIRSAL to de­velop a ro­bust risk man­age­ment frame­work for agri­cul­tural fi­nanc­ing.

She fur­ther added: “We be­lieve this col­lab­o­ra­tion with NIRSAL will pro­vide a suit­able plat­form for syn­ergy, knowl­edge shar­ing, ca­pac­ity build­ing and im­prove­ment of best prac­tice risk man­age­ment in the agric sec­tor and be­yond thereby pro­vid­ing food se­cu­rity among other ben­e­fits to the devel­op­ment of agribusi­ness’ in Nige­ria.”

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