The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) is an initiative of the Central Bank of Nigeria (CBN), the Bankers Committee (BC) and the Federal Ministry of Agriculture & Rural Development (FMA&RD). The mandate of NIRSAL is to facilitate the flow of credit to agribusinesses and collaborate with Stakeholders to fix broken agricultural value chains in Nigeria.It is anchored on five pillars namely, Risk Sharing Facility, Insurance Facility, Technical Assistance Facility, Agricultural Bank Rating System and bank Incentive Mechanism.
- Overview of the Ebola Virus Disease Outbreak
The 2014 Ebola Virus Disease outbreak has indeed been one of the most alarming Ebola outbreaks in World history, and the first in the West African sub region, that has severely hit Guinea, Liberia, Sierra Leone and Nigeria with a significant risk to the World at large. The Center for Disease Control (CDC) and Prevention in collaboration with other U.S. government agencies, the World Health Organization (WHO), and other domestic and international disease management teams is currently providing technical assistance and control measures to the affected countries, (CDC Ebola Website and USAID August, 2014).
The Current Situation of Ebola Epidemic in Sierra Leone
The severe hit of the Ebola epidemic on the Agricultural sector of Sierra Leone economy is crucial to exacerbating wide spread hunger and poverty in the country if not contained in the shortest possible time.
Sierra Leone government after the dreadful foot prints of the eleven year rebel war in the recent past has prioritized agriculture as the engine of the national economy that can wheel forward all efforts for the attainment of socio-economic growth and sustainable development in the nation. This is not surprising because agriculture contributes nearly 50% to the country’s GDP and employs over 75% of its national work force. (State House, SLG; 2010 and 2004)
The interchangeable concepts of Biotechnology and Genetic Engineering can refer to the application of engineering principles to the processing of materials by biological agents to provide goods and services. These concepts have become commonplace of debates around the globe. One common element with the two is “genetic modification”, which simply implies the manipulation of an organism’s genetic make-up in order to create or enhance desirable characteristics from the same or another species (Australian Department of the Environment and Heritage, 2001).
A fourteen (14) year war ravaged Liberia has embarked on series of programs to strengthen her economy and put the nation in a better position to economically compete with other countries. Aligning the country with the World Trade Organization (WTO) is one of the many programs initiated to ensure sustained economic growth and development.
Trade trends are changing rapidly in West Africa and Africa at large. Africa has been and remains the much larger market for ECOWAS manufactured products. Europe remains a large market for raw materials but Africa's manufactured exports to the intra-African market are growing at a much faster pace than the exports to the EU market.