The new Board of Directors of the Nigeria Incentive -Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc has been inaugurated following the reconstitution of the Board on Friday, 30th August, 2024.
The new Board members were inaugurated at the 21st Meeting of the Board of Directors held on Tuesday, 10th September, 2024 according to a statement by Jude Nnadozie, Head, Corporate Communications of NIRSAL PLC.
The Board members include: Mr. Muhammad Sani Abdullahi, Deputy Governor, Economic Policy, Central Bank of Nigeria – Chairman; Mallam Ado Wanka – Non-Executive Director; Dr. Daphne Dafinone – Non-Executive Director; Mr. Hamidu Sa’ad – Non-Executive Director; Dr. Bankole Allibay – Non-Executive Director; and Hon. Shehu Balarabe – Non-Executive Director.
The Board noted the need to refocus NIRSAL Plc back to its core mandate of de-risking agricultural lending. To achieve this, Mr. Babajide Arowosafe, a development finance expert, with experience from International Finance Corporation (IFC), the World Bank, United Nations Development Programme (UNDP), Ekiti State Government, and Southwest Agric Company (SWAgCo), was appointed as the Managing Director and Chief Executive Officer of NIRSAL Plc, the statement added.
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