In continuation of delivering on its mandate of providing end-to-end solutions aimed at fixing breakages along the Agricultural Value Chains (AVC) in Nigeria, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc), has collaborated with the Federal Ministry of Industry, Trade and Investment to boost the Agricultural Sector through Secured Agricultural Commodity Transport & Storage Corridor (SATS-C) initiative.
The initiative is aimed at combating post-harvest losses, create jobs and increase the contribution of the agriculture sector to Nigeria’s GDP, by implementing the seamless movement of produce from the farm to markets.
According to NIRSAL’s Managing Director/CEO, Mr. Aliyu Abdulhameed, a fully functional SATS-C policy would lead to a 5 per cent increase in Nigeria’s GDP.
On his part, the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, said the policy would shorten service delivery time in clearing and haulage in the agricultural supply chain, while simplifying and harmonizing procedures and standardization of products.
As part of activities towards the deployment of SATS-C, NIRSAL Plc met with logistics providers in Gombe State and also conducted data gathering in Male in Suleja Local Govermment Area of Niger State to boost the development of robust Agricultural Logistics Technology.
READ ALSO: N148bn credit facility doled out for agribusiness, agriculture across Nigeria, says NIRSAL
Leave a comment