The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc.), established by the Central Bank of Nigeria (CBN), was envisioned as a catalyst for agricultural development through effective management of agribusiness credit risks.
However, employees are now speaking out about alleged inequities within the organization.
"We feel they are treating us unfairly. We are all Nigerians. We are entitled to give our maximum contribution to the organization where we are working," lamented one source. The frustration stems from unfulfilled promises of training, with employees having to sponsor their own development.
"Some of us took exams and had interviews with NIRSAL, but they segregated us, promising absorption in six months. It has been seven years,” said another source. "The system has failed us."
Addressing these allegations, NIRSAL's Managing Director, Abbas Umar Masanawa, dismissed the claims. "It's not true. I say there is no iota of truth in it," he asserted. Masanawa emphasized that the complainants are contract staff, not permanent employees, and their terms are clearly stated.
"They are contract staff. They are not our staff, and the terms of their contract are explicitly stated even with the expiration of the contract. So there is not any iota of truth in what they are saying at all," he reiterated. Masanawa added, "I even convinced management to extend their contracts to the end of the year."
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