NIRSAL MFB disburses N101bn to 26,274 farmers

The Nigeria Incentive-Based Risk Sharing system for Agricultural Lending Microfinance Bank has disclosed that it has, since inception, disbursed N101bn to 26,274 farmers under the Agribusiness/Small and Medium Enterprise Investment Scheme of the Central Bank of Nigeria.

The bank disclosed this while refuting narratives that applicants from the South-East were marginalised under the AGSMEIS scheme.

In a statement issued on Sunday, the bank restated that it didn’t connive with Entrepreneurial Development Institutions to extort money from applicants under the scheme.

The statement titled ‘NIRSAL microfinance bank refutes claims of shutting out 100,000 loan applicants in Anambra state’ said the accusation was not only spurious but unfounded.

It said, “Till date, NIRSAL Microfinance Bank has disbursed the sum of N101bn to 26,274 AGSMEIS applicants across the six geo-political zones in the country with emphasis on even spread.

“We are therefore surprised with the narrative that applicants from the South-East are marginalised under this scheme.”

Read more from the source: PUNCH