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Rice farmers 1 640x360

Bank extends support to 642,860 small farm holders

 

More than 642,860 smallholder ranchers across 35 conditions of the organization have gotten uphold from Unity Bank Plc under the Central Bank of Nigeria (CBN's) Anchor Borrower's Program (ABP) to support food creation and accomplish independence in rice creation in Nigeria. 

 

Surveying the banner off of the 2020 wet season collect conglomeration in Kebbi, the Managing Director/Chief Executive Officer of Unity Bank, Mrs Tomi Somefun, consoled the bank's rice ranchers' obligation to offering essential help to rice ranchers in Nigeria. 

 

While conveying a generosity message, Some fun went through a world of fond memories expressing that the berthing of the bank was firmly connected to the primary job it played in horticulture financing, adding that "Solidarity Bank remains wholly dedicated to its organization with the Rice Farmers Association of Nigeria, RIFAN and its projects.

 

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"This responsibility will guarantee the accomplishment of the Central Bank of Nigeria, CBN's objective to accomplish independence in rice creation through the affiliation." 

 

Solidarity Bank in 2019 procured an honour of acknowledgement, which was together introduced by President Muhammadu Buhari and the Rice Farmers Association of Nigeria (RIFAN) for its substantial interest in the ABP in 2019. 

 

The CEO reviewed that the bank's support in the ABP traces back to 2017 after the authority banner of the plan in Kebbi State by Buhari in 2015. She noticed that the bank supported the initial two-state-drove windows of the ABP. 

 

"We financed wheat creation in Jigawa in 2017 with around 1,600 ranchers, and in the exact year, financed rice creation in Sokoto State with an all outnumber of around 6,600 smallholder ranchers," she reviewed. 

 

She expressed that in 2018, the bank went into an essential organization with three significant affiliations – Rice Farmers Association of Nigeria (RIFAN), Maize Association of Nigeria (MAAN) and National Cotton Association of Nigeria (NACOTAN) and clarified that the Bank's support in 2017 gave the genuinely necessary experience and the expectations to absorb information for the APB exchanges.

30 minutes ago, Abiodun, Adeboye for ICAN confab

 

One hour ago, Bank digitised lending to boost financial inclusion.

 

Two hours ago, M36 redefined digital investing in Nigeria.

 

Click here to stay updated with the latest Nigeria Business news. 

 

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