The Nigeria Incentive Based Risk Sharing System for Agric Lending (NIRSAL) has reaffirmed it’s support for emerging Agri businesses in the country.
Progress Uduzeli the head of Cross River State Office of the organization disclosed during the Ogoja Rice Investment Exhibition in Calabar.
The exhibition tagged Ogoja Rice Investment Exhibition 2020 was organised by SANTUSCOM Agro Hub to enlighten investors in Agro businesses on creating wealth through sustainable agricultural methods.
Uduzeli said nothing is impossible in the agricultural sector for any entrepreneur in the country and NIRSAL is a formidable partner in this regard.
“NIRSAL will support entrepreneurs up to what ever level they want to go and we are a formidable partner in Agri businesses.
“We are happy to be part of this exhibition and felicitate with Santuscom who are one of our key stakeholders.
“They have demonstrated that nothing is impossible where there is a will and I am confident that this investment will succeed”, he said.
In his contribution, the CEO of Santuscom Chief Paul Ofana said the Ogoja Rice utilizes the latest rice specie and investors will earn a 40 % return on investment.
“Ogoja Rice is of the Cali55 rice specie which sits on a 1000 hectares of land and right now we are expanding to 5000 hectares because of increasing demand.
“On your investment, we can assure of 40% return and that is why we are opening the space for investors to come in under the crowd funding platform and benefit from this attractive and guaranteed return on investment”, he said.
In his remarks, the governor of Cross River State, Processor Ben Ayade commended the investors saying a gigantic step has been taken to guarantee food security in the country.
The governor who spoke through his Commissioner for commerce, Rosemary Archibong said there are numerous opportunities in the sector and called on young entrepreneurs to take advantage of this.