Introducing the Nigeria Incentive Based Risk Sharing System for Agricultural Lending(NIRSAL)

NIRSAL is the primary platform for managing agribusiness risk in Nigeria. Incorporated in 2013, The Nigeria Incentive Based Risk Sharing System for Agricultural Lending is a $1Billion public-private Corporation that is wholly owned by the Central Bank of Nigeria. NIRSAL is an initiative of the following partners:  Central Bank of Nigeria (CBN)  The Bankers Committee (CEOs of deposit money banks, specialized banks, and discount houses)  The Federal Ministry of Agriculture & Rural Development

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Discussions on Group Dynamics

A group refers to two or more people who share a common meaning and evaluation of themselves and come together to achieve common goal. In other words, a group is a collection of people who interact with one another; accept rights and obligations as members and who share a common identity. Group dynamics deals with the attitudes and behavioral patterns of a group. Concern with how groups are formed, what is their structure and which processes are followed in their functioning. i.e interactions and forces operating between groups

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Improving Wheat Value Chain in Kano: The Communication Strategies.

Value Chain in Agriculture is a sequence of activities by different actors that make possible Agricultural production from field to final consumption. All parts of a value chain in Agriculture are intertwined and interdependent if an improved value must be attained. The process encompasses flow of products, knowledge and information between and among the actors along the chain. The value at every stage adds the quality of the overall output.

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Addressing the Challenges facing Wheat Value Chain Development in Kano State

Wheat is a grain crop belonging to the Phocaea (Graminaeace) family and Triticum genus. Recent statistics by the Food and Agricultural Organization (FAO), shows that wheat is the world’s most widely grown and highly ranked food crop. Demand for wheat products has been high in the tropical and developing regions of the world including Nigeria, where prospects for wheat production are relatively lower. Wheat is a crop of major interest in Nigeria as it is the main component of bread and other wheat-based products such as cakes, biscuits, macaroni, spaghetti, pasta, etc., as well as local/ traditional dishes. The country’s…

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Commodity Market & Exchange: A Case of Gezawa Commodity Market Ltd.

The Gezawa Commodity Market is a private sector-led initiative positioned to provide a cost effective platform for buyers and sellers of Agro commodities to transact in a seamless way, without having to know each other or be related to the trading partner and yet be guaranteed of quality, quantity, payment and delivery. The Commodity market aims to provide a fully Integrated ecosystem for a commodity Exchange; the first of its kind in Nigeria. It comprises of an online trading platform; market information system for data dissemination; efficient clearing and settlement system; warehousing facility; electronic, warehouse receipt system; Grading and standardisation…

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Agriculture and Socio-Economic Challenges in Kano State: The Way Forward

Average rainfall ranging from 1000m to the south, 800mm within the metropolis and 600mm in its northern part (Sani and Sulaiman, 2010). The socio-economic challenges of agriculture in Kano State rallies round Poor performance in terms of productivity and yield of main food staples, as well as market access and product pricing. These challenges tend to worsen the financial welfare and food security of smallholder farm households. Kano State is still facing challenges that are inimical to agricultural productivity and inclusive growth and rural communication services

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Cash Flow and Financial Analysis

Cash Flow (CF) Statement gives an idea of businesses' current financial health. Investors and business operators care deeply about CF because it’s the lifeblood of a company. Companies pay close attention to their cash flow and seek to manage it as carefully as possible. Professionals working in the finance and accounting spend significant time evaluating the flow of funds in the business and identifying potential problems. Cash flow is the amount of money going in and out of your business. Healthy cash flow can help lead your business on a path to success. But poor or negative cash flow can…

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